- 4 - district sales manager, worldwide manager, national accounts manager, product manager, national sales manager, and key account executive. He developed business plans, annual budgets, annual sales forecasts, and 5-year forecasts, and plans for introducing and marketing new products. Mr. Strickland retired from Dow Elanco on December 31, 1998. 4. Petitioners’ Income From Sources Other Than Their Horse and Farm Activity Petitioner received wages or other compensation from Eli Lilly and Mr. Strickland received wages from Dow Elanco and Eli Lilly from 1992 to 1996 as follows: Year Mr. Strickland Petitioner Total 1992 $114,599 $42,378 $156,977 1993 125,947 94,483 220,430 1994 137,447 5,944 143,391 1995 200,882 5,094 205,976 1996 127,133 127,133 Petitioners had other income as follows in those years: Year Dividends Interest Rent Total 1992 $6,659 $2,142 $250 $9,051 1993 7,178 1,863 441 9,482 1994 7,429 2,484 9,913 1995 8,372 3,205 1,396 12,973 1996 7,626 1,836 9,462 B. Petitioners’ Farm Petitioner bought a farm in 1972 because she wanted to raise and train horses. Petitioner paid the following for land: Cost Land Purchase date Cost per acre 30 acres July 20, 1972 $15,000 $500 20 acres July 17, 1978 16,000 800 20 acres April 1, 1980 20,000 1,000Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011