- 123 - Application of Funds: Business deduction--Schedule C 250 NCNB CD #4006814 5,543 Cash at home 30,000 Jewelry 100,000 Corvette (1978) 6,360 Legal fees 13,500 Investigative fees (Dennis Dayle) 17,000 Room and board for Janie Johnson and children 16,000 Gift to Larry and Ronnie (Glendale Federal) 43,101 Gifts to Larry 1, 243,404 Gifts to Ronnie 1, 360,223 Gifts to Sylvia 1, 462,546 Less duplications re Johnson limo 1(46,490) Personal living expenses for 2 persons 128,836 Less: Housing costs 1$4,930 Vehicle acquisition costs 1 2,026 (6,956) Total application of funds 353,317 Excess of applications over sources of funds $291,435 1Petitioners do not agree with the amounts reflected for these items. 2Appendix I (Larry) shows $41,404. See therein (Larry) for an explanation of the difference. 3Appendix I (Ronnie) shows $60,923. See therein (Ronnie) for an explanation of the difference. 4Appendix I (Sylvia) shows $60,546. See therein (Sylvia) for an explanation of the difference.Page: Previous 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 Next
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