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Ronnie Johnson
Source of Funds:
Schedule C gross receipts $22,851
Gambling income 20,000
Interest income 77
Barnett Bank saving account 519
Total source of funds 43,447
Application of Funds:
Schedule C deductions 10,168
Rent 8,550
Barnett Bank savings 2,091
Port Orange Property purchase cash deposit 8,000
Port Orange Property cash and closing costs 8,165
Port Orange Property seller note 9,000
Port Orange Property seller mortgage 4,030
Port Orange Property renovations 113,800
Fishing boat (1977) 7,700
Twin outboard motors 3,000
Personal living expenses for 2 persons 224,761
Less: Housing costs 2$4,108
Vehicle acquisition costs 21,950 (6,058)
Total application of funds 93,207
Excess of applications over sources of funds 3$49,760
1The original S&A for Ronnie reflects $12,050 for this item.
The parties agree that the correct amount is $13,800. Appendix 5
(Ronnie 1987) reflects $31,800. That latter amount appears to be
a transposition error.
2Petitioners do not agree with the amounts reflected for
these items.
3Appendix A reflects $48,010 for this item. The $1,750
difference represents the adjustment addressed in footnote 1.
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