Diesel Country Truck Stop, Inc. - Page 12




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               Table 5 shows diesel fuel sales net of diesel fuel excise              
          and sale taxes, as set forth on the PLS’s for January, February,            
          April, May, and June 1990--the only PLS’s introduced as evidence.           
                                       Table 5                                        
                    Month                      Diesel Fuel Sales                      
                    January 1990                  $327,035                            
                    February 1990                 313,935                             
                    April 1990                    290,546                             
                    May 1990                      292,159                             
                    June 1990                      311,840                            
                    Total                        1,535,515                            
               On petitioner’s fiscal 1990 tax return it reported gross               
          receipts, cost of goods sold, and gross profit in gross; i.e.,              
          not broken down according to the different activities carried on            
          at its truck stop.  The amounts so reported match the “year to              
          date” amounts on the last PLS, which show the separate results              
          for each activity.  Table 6 shows selected information from the             
          last PLS and shows the percentages for diesel fuel.                         
                                       Table 6                                        
                                                  Diesel Fuel As                      
          Category               Totals     Diesel Fuel   Percent of Total            
          (1) Income          $4,152,428    $3,340,825      80.5                      
          (Gross receipts)                                                            
          (2) Cost of sales     3,463,255     2,959,767       85.5                    
          Gross Profit            689,173       381,058     55.3                      
          ((1) minus (2))                                                             









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