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cash downpayment of $10,000 was made at the time of the purchase,
and the $35,000 balance was payable in five equal annual
installments of $7,000, with interest. During 1988 and 1989,
petitioner made cash payments on the Carskadon farm totaling
$20,300, representing principal and interest on the installment
obligation.
During 1988 and 1989, petitioner made cash purchases of
other real property as follows:
04/22/88 603 Donaldson St.,
Canton, MO $12,480
02/27/89 Williamstown school,
Williamstown, MO 8,500
03/03/89 Dawg Gone Saloon,
Williamstown, MO 1,400
03/25/89 275 acres, Clark County, MO 42,900
05/16/89 20 acres, Clark County, MO 5,200
In addition, during 1988 and 1989, petitioner paid approximately
$9,916 in cash for improvements to these various properties.
During 1988 and 1989, petitioner also made cash purchases of
personal property as follows:
01/04/88 1986 trailer $100
03/22/88 Allis Chalmers tractor 3,000
05/10/88 23-foot fiberglass boat 2,500
05/18/88 1973 International truck 1,500
05/21/88 1967 Chevy pickup 325
07/26/88 1988 Harley-Davidson motorcycle 10,850
07/31/89 1975 Ford pickup 1,000
09/07/88 Tanning bed 3,815
04/05/89 International tractor 1,800
08/09/89 1976 Ford Thunderbird 9002
1989 1966 Ford truck 900
2 Includes a $400 trade-in.
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