Armin Unger - Page 14






                                                     - 14 -                                                      


                                                    Appendix                                                     

                                          Net Worth Computation                                                  



     Assets:                           12/31/86     12/31/87     12/31/88      12/31/89        12/31/90          
     Cash on hand                $5,000.00     $5,000.00   $5,000.00          $5,000.00       $24,000.00         
     Balance in bank accounts    129,884.69    150,593.57  166,477.42         219,350.78      241,174.21         
     Automobiles                 15,333.41     43,865.29   44,929.79          92,297.20       62,358.87          
     Real estate                 52,500.00     52,500.00   52,500.00          52,500.00       52,500.00          
     Loan receivable--C. OWCA        -0-          -0-    10,000.00            10,000.00       10,000.00          
     Total assets                202,718.10    251,958.86  278,907.21         379,147.98      390,033.08         

     Liabilities:                                                                                                
     Charge cards–-VISA              311.23      1,504.43    1,192.36         -0-             2,237.27           
     Total liabilities           311.23      1,504.43    1,192.36             -0-             2,237.27           

     Net worth                   202,406.87    250,454.43  277,714.85         379,147.98      387,795.81         
     Net worth at beginning of year      N/A        202,406.87  250,454.43    277,714.85      379,147.98         
     Change in net worth                 N/A        48,047.56   27,260.42     101,433.13      8,647.83           

     Add:                                                                                                        
     Personal living expenses          N/A        15,739.85   21,587.60       35,340.02       24,700.10          
     Nondeductible losses (vehicles)     N/A             -0-         952.50   1,662.50        15,628.09          
     Balance                             N/A        63,787.41   49,800.52     138,435.65      48,976.02          

     Less:                                                                                                       
     Gross income reported–-H. Unger      N/A        (6,413.00)   (12,335.00)                 (16,805.00)        
            (16,138.00)                                                                                          
     Depreciation expenses       N/A          (800.00)      (800.00)    (800.00)              (800.00)           
     Understatement of rental                                                                                    
     expense                     N/A        (2,843.00)   (1,430.00)    (1,733.20)      -0-                       
     Nontaxable sources          N/A       (20,046.56)  (10,588.87)   (10,488.73)             (13,999.55)        
     Understatement of income           N/A        33,685.00                    24,647.00      108,609.00        
            18,038.00                                                                                            
     (rounded)                                                                                                   
                                                                                                                























Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  

Last modified: May 25, 2011