Estate of Frank Johnson - Page 56

                                       - 141 -                                         
          Application of Funds:                                                        
          Schedule C deductions                             8,597                      
          Sun Bank savings account                            545                      
          Glendale Federal Bank                             1,047                      
          U.S. Savings Bonds purchases                      3,450                      
          Net gambling losses                              16,940                      
          Porsche 928 (1988) payments                       9,419                      
          Corvette-Greenwood (1984)                        12,000                      
          Personal expenses--COMPS (1988)                   3,008                      
          Personal expenses--jewelry                       25,000                      
          Personal living expenses for 3 persons          132,643                      
          Less: Vehicle acquisition costs               1(2,932)                       
          Total application of funds                    109,717                        
          Excess of applications over sources of funds      $50,359                    
               1Petitioners do not agree with the amounts reflected for                
          these items.                                                                 

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