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Ronnie Johnson
Source of Funds:
Schedule C gross receipts $39,410
Interest income 321
Barnett Bank saving account 3,197
Trade in for Jeep (1980) 3,000
Loan from Barnett Bank for boat 3,200
Total source of funds 49,128
Application of Funds:
Schedule C deductions 24,761
Less: Depreciation 10,350 14,411
Barnett Bank checking account 631
Barnett Bank savings 8,097
Port Orange Property seller mortgage 16,119
Port Orange Property improvements 13,200
Ferrari GTS 328 (1987) payments 11,004
Corvette (1974) 11,500
Jeep (1980) 2,156
Jeep (1982) 3,025
Boat 4,000
Note Payments on boat 504
Paving equipment 17,000
Personal living expenses 128,622
Less: Housing costs 1$4,903
Vehicle acquisition costs 12,301 (7,204)
Total application of funds 123,065
Excess of applications over sources of funds $73,937
1Petitioners do not agree with the amounts reflected for
these items.
Sylvia Johnson
Source of Funds:
Schedule C gross receipts $19,710
Gambling income 38,550
Interest income 153
Sun Bank savings account 945
Total source of funds 59,358
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