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Appendix D
SOURCE AND APPLICATION OF FUNDS
LARRY, RONNIE, & SYLVIA JOHNSON
1985
Larry Johnson
Source of Funds:
Schedule C gross receipts $28,500
Schedule E income (rental) 2,272
Gambling income 10,000
Interest income 639
First Union Bank savings accounts 397
First Union CDs 6,236
First Union IRA-Larry 1,000
First Union IRA-Nancy 582
Trade in for Mercedes 28,150
Total source of funds 77,776
Application of Funds:
Schedule C expenditures $16,201
Schedule E expenditures 1,094
First Union savings account 1,495
First Union CDs 6,856
First Union IRA-Larry 3,000
First Union IRA-Nancy 582
U.S Savings Bonds purchases 200
Callahan Property payments 2,400
Chris Craft boat (titled to Larry and Frank) 35,000
Ford truck (1974) 300
Ferrari (1982) purchase 38,447
GMAC note payments for Suburban 3,504
Personal living expenses for 4 persons 129,972
Less: Housing costs 1$4,817
Vehicle acquisition costs 13,101 (7,918)
Total application of funds 131,133
Excess of applications over sources of funds $53,357
1Petitioners do not agree with the amounts reflected for
these items.
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