- 6 - to, petitioner’s purchase from a Dr. Nagel of Dr. Nagel’s interest in Wedgewood, in amounts totaling $568,152.17 (the six checks).4 The payments represented by the six checks were shown on the books of Culnen & Hamilton as officer loans. On eight occasions, from April 1987 through December 1991, Culnen & Hamilton paid certain other amounts, at least some of which related to petitioner’s investment in Wedgewood in amounts totaling $737,733.27 (the eight payments).5 The payments represented by the eight payments were shown on the books of Culnen & Hamilton as officer loans. For 1987 through 1989, Wedgewood recorded on its books interest due to petitioner in the amounts of $38,991.08, $250,918.44, and $326,160.97, respectively (for a total of $616,070.49.) 4 The amounts for each year are as follows: Year Amount 1987 $335,000.00 1989 80,214.07 1990 152,938.10 Total $568,152.17 5 The amounts for each year are as follows: Year Amount 1987 $72,143.21 1988 300,000.00 1989 202,000.00 1990 135,061.97 1991 28,528.09 Total 737,733.27Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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