Estate of Frank Johnson - Page 69




                                       - 153 -                                         
                                         1985                                          
          Source of Funds:                                                             
          Schedule C gross receipts                       $19,550                      
          Social Security--Frank                            2,574                      
          Net process from sale of lot                     24,757                      
          Interest income                                   1,196                      
          Freedom S&L #3058417                              2,367                      
          Freedom S&L CD #4006814                           6,373                      
          Total source of funds                          56,817                        
          Application of Funds:                                                        
          Schedule C expenditures                          11,009                      
          Freedom Savings Bank #3058417                    28,191                      
          Freedom Savings Bank CD #4006814                  7,191                      
          Gifts to Larry                                   50,012                      
          Gifts to Ronnie                                  23,897                      
          Gifts to Sylvia                                   8,555                      
          Personal living expenses for 3 persons           15,719                      
          Total application of funds                    144,574                        
          Excess of applications over sources of funds    $87,757                      
                                         1986                                          
          Source of Funds:                                                             
          Social Security--Frank (estimated)               $2,500                      
          Social Security--Katherine                        1,914                      
          Interest income                                     922                      
          Freedom S&L #3058417                             28,191                      
          Freedom S&L CD #4006814                           7,191                      
          Total source of funds                          40,718                        
          Application of Funds:                                                        
          Freedom Savings Bank #3058417                     4,534                      
          Freedom Savings Bank CD #4006814                  8,113                      
          Corvette (1970)                                   4,200                      
          Sanford Property gifted to Larry                 25,000                      
          Diamond ring gifted to Janie Johnson              8,500                      
          Gifts to Larry                                    139,723                    
          Gifts to Ronnie                                  18,774                      
          Gifts to Sylvia                                   7,464                      
          Personal living expenses for 3 persons           15,399                      
          Total application of funds                    131,707                        
          Excess of applications over sources of funds    $90,989                      







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