River City Ranches #4 - Page 142



                                       - 80 -                                         
          9-30-90    Total Adjustments to Ordinary Income                             
                    Farm income                1,181,920                              
                    Depreciation expense         330,985                              
                    Interest expense               2,424                              
                    Purchased sheep destroyed     32,550                              
                    due to drought/tric.                                              
               Other farm deductions         50,724                                   
                    Guaranteed payments              531                              
                    Other Adjustments                                                 
                    Self-employment income       363,535                              
                    Other deductions             680,531                              
          9-30-91    Total Adjustments to Ordinary Income                             
          Farm income                   39,477                                        
                    Depreciation expense         340,937                              
                    Interest expense              86,500                              
                    Board expenses paid to       204,612                              
                         Barnes Ranches                                               
                    Purchased sheep destroyed    104,921                              
                         due to drought/tric.                                         
                    Guaranteed payments            2,046                              
                    Other Adjustments                                                 
                    Self-employment income       534,404                              
                    Other deductions             486,047                              
          OGT 90                                                                      
          TYE        Adjustments                                                      
          12-31-91   Total Adjustments to Ordinary Income                             
                    Depreciation expense         390,415                              
                    Board expenses paid to     1,437,820                              
                         Hoyt & Sons                                                  
                    Purchased sheep destroyed    123,838                              
                         due to drought/tric.                                         
                    Other Adjustments                                                 
                    Self-employment income     1,950,076                              













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Last modified: May 25, 2011