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Appendix B
SOURCE AND APPLICATION OF FUNDS
LARRY, RONNIE, & SYLVIA JOHNSON
1983
Larry Johnson
Source of Funds:
Schedule C gross receipts $20,160
Gambling income 25,000
Interest income 392
First Union Bank accounts (estimated balance) 3,000
Total source of funds 48,552
Application of Funds:
Schedule C expenditures
(less interest & depreciation) 12,428
First Union Bank accounts (estimated balance) 6,000
U.S Savings Bonds purchases 7,200
Callahan Property payments 2,400
Allendale Property payments 1,125
Mercedes purchase 34,800
Personal living expenses for 4 persons 124,959
Less: Housing costs 1$4,191
Vehicle acquisition costs 11,852 (6,043)
Total application of funds 82,869
Excess of applications over sources of funds $34,317
1Petitioners do not agree with the amounts reflected for
these items.
Ronnie Johnson
Source of Funds: -0-
Application of Funds:
Porsche (1983) purchase $25,200
Personal living expenses for 1 person 111,469
Less: Housing costs and
Vehicle acquisition costs 1(723)
Total application of funds 35,946
Excess of applications over sources of funds $35,946
1Petitioners do not agree with the amounts reflected for
these items.
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