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Net income
before officers’
compensation Net income
Year Sales and taxes before taxes
1983 $2,723,342 1 $279,705
1984 2,911,934 1 446,738
1985 2,988,876 1 325,267
1986 2,856,060 1 303,649
1987 2,982,447 1 240,456
1988 3,280,793 $526,466 121,066
1989 3,379,488 547,980 121,912
1990 3,648,605 643,168 339,068
1991 3,247,094 741,359 96,459
1992 3,617,493 916,256 72,056
1993 3,549,669 920,277 67,877
1994 3,687,715 878,621 60,221
1995 4,057,464 914,715 89,315
1 Not in record.
In 1995, $4,057,464 equaled $2,649,524 in 1983 dollars. See
Statistical Abstract of the United States 1998, at 487 (chart
771). Thus, petitioner’s sales did not increase from 1983 to
1995 in real dollars.
Petitioner's annual and cumulative retained earnings were as
follows:
Year Annual Cumulative
1983 $157,853 $677,686
1984 227,686 905,372
1985 180,807 1,086,179
1986 169,566 1,255,745
1987 145,848 1,401,593
1988 87,068 1,488,661
1989 84,567 1,573,227
1990 205,415 1,778,642
1991 69,412 1,848,054
1992 55,353 1,903,407
1993 51,889 1,955,296
1994 46,239 2,001,535
1995 65,212 2,066,747
Petitioner has never paid dividends.
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