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S & A for Larry but not included in Appendix 5 (Larry 1990). See
Appendix L for our total adjustments to the source and
application of funds analysis for Larry for 1983 through 1990.
Ronnie Johnson
Source of Funds:
Schedule C gross receipts $36,580
Interest income 310
Barnett Bank checking account 631
Barnett Bank saving account 8,097
Trade in for Ford Truck (1986) 8,659
Loan from FMCC for Bronco (1990) 10,806
Credit Life Insurance financing for Bronco 1570
Total source of funds 65,653
Application of Funds:
Schedule C deductions 19,915
Barnett Bank checking account 698
Barnett Bank savings 6,192
Port Orange Property seller mortgage 16,119
Ferrari GTS 328 (1987) payments 11,004
Note payments on boat 1,512
Triumph (1979) 1,200
Bronco (1990) 224,035
Payments on FMCC note 776
Investment-Johnson Limo 8,831
Lincoln Limo (1985) 14,414
Personal living expenses 328,836
Less: Housing costs 3$4,930
Vehicle acquisition costs 32,026 (6,956)
Total application of funds 126,576
Excess of application over source of funds 4$60,923
1This item was not included on the original S&A for Ronnie.
2The original S&A for Ronnie reflects $23,465 for this item.
The parties agree that $24,035 is the correct amount for this
item.
3Petitioners do not agree with the amounts reflected for
these items.
4Appendix A reflects $60,223. The $700 difference reflects
a $700 reduction of Schedule C business expenses reflected in the
original S&A for Ronnie but not reflected in Appendix 5 (Ronnie
1990). We assume the $700 represents depreciation. We have
found supra that Ronnie’s application of funds analysis for 1990
should be reduced by $700 to account for depreciation. See
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