Char-Lil Corporation - Page 12

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                    Payor                                               Property                                 1989            1990              1991             1992            1993               1994                   
                    Billy Caldwell                                      613 Lee, Lawton                        $3,506.33         $3,388.42       $3,258.20         $3,114.32        $2,955.40          $2,779.80              
                    Mike Harrison                                       509 Lee, Lawton                                         4,923.51                         4,649.32         4,485.64           4,301.17               
                    Ashworth, Inc.                                      602-616 Lee, Lawton                       5,037.91       23,281.57          4,794.59       21,941.78        21,173.40          20,330.87              
                                                                        2116 Fort Sill Blvd., Lawton           23,864.37               --        22,642.54             --                --                  --               
                                                                        2112 Fort Sill Blvd., Lawton                 --                --              --              --                --              --                   
                                                                        1108 Lincoln Blvd., Lawton                   --                               --                                                                  
                                                                        515 Lee Blvd., Lawton                                         --                             --                --                  --               
                                                                        1207 S. 6th, Lawton                          --                --              --              --                --                  --               
                    Marian Booker                                       Commercial Property, Fletcher                --         3,071.75               --              --                --                  --               
                    KLAW                                                626 D Ave., Lawton                      10,863.06        11,219.89             --          11,082.70        9,582.40           10,538.88              
                    Billy Reed                                          608 D Ave., Lawton                     12,706.57         13,740.70       12,677.03         12,556.05        11,859.06            11,081.37            
                    Finley Commercial Property, Inc.                    802 S.E. 3d, Lawton                    14,242.55                        13,180.75                                                                 
                    Finley Commercial Property, Inc.                    802 S.E. 3d, Lawton                                     7,170.61                        6,836.74        6,643.16          6,429.30                  
                    Stanley Booker                                      45th & E. Gore, Lawton                                -0-                                -0-              21,013.17          20,424.56              
                    Stanley Booker                                      Sheridan & Hoover, Lawton                 7,314.21     -0-                  7,011.99       -0-              14,161.04          13,764.35              
                    Stanley Booker                                      6302-04 Cache Rd., Lawton              -0-               61,946.83       -0-               59,392.99        22,761.17           22,087.30             
                                                                        38th and Lee (lots), Lawton            -0-                   --          -0-                   --                --              --                   
                    Cache Rd. Bank                                                                             59,832.70               --        60,733.42        --                     --              78.76                
                    Internal Revenue                                                                                 --               --               --                --         23.28              .80                    
                                                                                                                     --                                --                                                                    
                                                                                                                    --           128,743.28       --              119,573.90        114,657.72         111,817.16             
                                                                                                               137,367.70                                                                                                     
                                                                                                                                                 124,298.52                                                                   


                                               Each of the returns filed by petitioner during the                                                                                                                             

                                 years in issue includes Forms 6252, Installment Sale                                                                                                                                         

                                 Income, on which petitioner computes the installment sale                                                                                                                                    

                                 income with respect to the principal payments received                                                                                                                                       

                                 during the year on each of its purchase money obligations.                                                                                                                                   

                                 The installment sale income reported by petitioner is                                                                                                                                        

                                 summarized in the following schedule:                                                                                                                                                        
























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