- 15 - generating investments. The parties agree that pursuant to Garry's will decedent became entitled to 50 percent of these assets and 50 percent of the income generated therefrom. During 1979-93, Garry's estate received substantial payments of coal royalties from the Gibson County coal mining rights. It also received large amounts of dividends and interest. The stipulated amounts of coal royalties, dividends, and interest (referred to hereinafter as the investment income) received by Garry's estate during 1979-93 were as shown in the second, third, and fourth columns of the following table: Total Decedent's Coal investment 50-percent Year royalties Interest Dividends income share 1979 $22,736 $21,409 $2,725 $46,870 $23,435 1980 30,261 3,095 7,836 41,192 20,596 1981 30,261 78 4,959 35,298 17,649 1982 37,105 43,498 4,853 85,456 42,728 1983 30,883 47,488 5,345 83,716 41,858 1984 414,448 43,521 6,992 464,961 232,481 1985 160,561 54,545 7,232 222,338 111,169 1986 234,664 52,362 7,536 294,562 147,281 1987 209,573 40,052 7,644 257,269 128,634 1988 30,883 63,315 8,371 102,569 51,285 1989 30,883 33,590 9,185 73,658 36,829 1990 -0- 33,344 9,458 42,802 21,401 1991 -0- 25,453 9,072 34,525 17,262 1992 85,176 24,479 8,998 118,653 59,327 1993 86,063 1,067 8,539 95,669 47,834 Total 1,403,497 487,296 108,745 1,999,538 999,769Page: Previous 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Next
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