Estate of Ona E. Hendrickson - Page 20




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            Fiscal year ending 2/28 or 2/29      Gross farm rental income              
                          1980                           $54,386                       
                          1981                           65,176                        
                          1982                           47,367                        
                          1983                           43,599                        
                          1984                           8,900                         
                          1985                           45,370                        
                          1986                           32,000                        
                    Yearly average                       42,400                        
               At some time after Garry’s death, the tenant farmers gave up            
          their contracts to farm, and in 1984 or 1985 Donald Hendrickson              
          began farming the formerly rented family farm land.  By 1992,                
          Donald Hendrickson was farming almost all the land constituting              
          the family farm.                                                             
               On its income tax returns for its fiscal years ending from              
          February 1987 through February 1994, Garry’s estate reported the             
          following amounts of gross income for the entire family farm:                

            Fiscal year ending 2/28 or 2/29    Gross income of family farm             
                          1987                           $16,094                       
                          1988                           9,901                         
                          1989                           8,536                         
                          1990                           1,120                         
                          1991                           5,391                         
                          1992                           5,925                         
                          1993                           2,203                         
                          1994                           1,078                         
                    Yearly average                       6,281                         












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Last modified: May 25, 2011