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Other Assets:
Investment in M.L. Associates 50,000
Total assets 254,597
Liabilities
Notes payable to banks--secured:
Automobiles 3,000
Total liabilities 3,000
Net worth 251,597
Jewelry and Home Furnishings
On December 20, 1984, petitioners' Hyannis Port house
was burglarized. In reporting the burglary to the police,
petitioners claimed that property worth approximately
$29,027 was stolen. Among the stolen items they reported
to their insurance company, there were six oriental rugs
worth about $10,560, one Baume-Mercier watch worth about
$3,500, several items of jewelry worth about $255, 12
five-piece sterling silver place settings worth about
$4,500, and several paintings and a lithograph worth
about $6,089.
Automobiles
Petitioners purchased eight cars during the period
from 1975 through 1985. The following is a summary of the
cars purchased by petitioners during that period:
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