Fred B. and Georgia Elane Berry - Page 6




                                                - 6 -                                                  
                  In 1995, Mrs. Berry was a member of the Futurity Breeders                            
            Association, the Amateur Association, the Pleasure Association,                            
            and the Arkansas Racking Horse Association.  Mrs. Berry rode a                             
            horse only once or twice in 1995.                                                          
                  Mrs. Berry takes horses to a 9-day racking horse celebration                         
            held at Decatur, Alabama, every September, at which the Racking                            
            Horse Breeders Association selects the world champions for the                             
            year.  Mrs. Berry usually enters horses in a 3-to-4-day show at                            
            Shelbyville, Tennessee, a 4-day spring celebration, and some 1-                            
            day horse shows.  Mrs. Berry washes, grooms, and clips her horses                          
            and braids their manes for the shows, but she usually does not                             
            show the horses herself.  Potential customers see petitioners’                             
            horses at shows.                                                                           
                  5.    Books and Records for the Farm and Horse-Breeding                              
                        Activity                                                                       
                  Mrs. Berry kept a disbursement journal and general ledger                            
            for the farm from 1981 through the year in issue.  She also kept                           
            records of horses that she bought and sold and the births and                              
            deaths of horses on petitioners’ farm.  Petitioners had a                                  
            separate bank account for their farm.                                                      
                  6.    The Number of Horses on Petitioners’ Farm                                      
                  Petitioners had the following numbers of horses on their                             
            farm:1                                                                                     

                  1  Petitioners’ summary states that they had six broodmares                          
                                                                         (continued...)                





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Last modified: May 25, 2011