Eberl's Claim Service, Inc. - Page 11




                                           -11-                                       
                                        Comp. as %          Eberl's salary            
               Fiscal    NIBTNOL1       of NIBTNOL          as % of                   
               year        & comp.         & comp.          gross receipts            
               1988      $36,391        110.0%                   14.1%                
               1989      638,000        100.0                    14.7                 
               1990      293,767        112.3                    13.7                 
               1991      222,861        98.7                     8.7                  
           1992      4,392,439          99.5                     21.2                 
           1993      2,151,935          98.0                     22.7                 
               1 NIBTNOL is petitioner's net income before tax and net operating      
          loss.                                                                       
               6.   Petitioner's Gross Receipts and Taxable Income                    
               Petitioner's taxable income was as follows:                            
                              Fiscal         Taxable                                  
                              year           income                                   
                              1988           ($3,609)                                 
                              1989           (3,609)                                  
                              1990           (39,842)                                 
                              1991           (36,981)                                 
                              1992           (14,542)                                 
                              1993           27,393                                   
               Petitioner has never paid dividends.                                   
               Petitioner's net profits (i.e., profits before tax and net             
          operating loss) as a percentage of gross receipts were as                   
          follows:                                                                    
          Fiscal    Net profits before                 Net profit as %                
          year      tax and NOL         Gross receipts    of gross receipts           
          1988      ($3,609)            $282,682            (1.28%)                   
          1989           -0-            4,141,872           0.00                      
          1990      (36,233)            2,190,835           (1.65)                    
          1991           2,861          2,193,708           0.13                      
          1992           22,439         20,438,803          0.11                      
          1993           41,935         9,168,585           0.46                      
               Petitioner's net profits as a percentage of total income and           
          equity were as follows:                                                     





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