- 124 -
Total assets 14,012,196 11,976,849 10,151,511 10,939,466
9,150,603 9,417,830 9,334,054
IRA and its subsidiaries' consolidated total income, taxable
income, net operating losses, and taxes paid for the years 1978
through 1989 were as follows:
Total Taxable Net
Year Income Income Operating Losses Tax Paid
1978 $1,004,475 ($18,673) ($27,394) --
1979 1,944,332 404,771 (18,673) $94,618
1980 3,557,198 65,094 -- --
1981 5,158,583 (615,852) -- --
1982 4,536,122 (121,501) (143,987) --
1983 3,849,742 (435,535) (121,501) --
1984 3,606,785 (175,964) (89,235) --
1985 3,118,893 96,363 (175,946) --
1986 2,345,762 (328,854) -- --
1987 299,794 (16,942) (111,843) --
1988 (526,393) (637,842) (10,550) --
1989 1,011,577 (116,521) (1,057,468) 10,819
IRA and its subsidiaries’ consolidated total income, rental
income, and difference for the years 1978 through 1989 were as
follows:
Total Rental
Year Income Income Difference
1978 $1,004,475 $241,072 $ 763,403
1979 1,944,332 242,818 1,701,514
1980 3,557,198 831,264 2,725,934
1981 5,158,583 2,740,082 2,418,501
1982 4,536,122 2,681,385 1,854,737
1983 3,849,742 2,820,494 1,029,248
1984 3,606,785 2,928,019 678,766
1985 3,118,893 2,928,019 190,874
1986 2,345,762 1,627,094 718,668
1987 299,794 9,940 298,854
1988 (526,393) 188 (526,205)
1989 $1,011,577 -- 1,011,577
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