Estate of Frank Johnson - Page 73

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                                      Appendix L                                       
                   COURT’S REVISED SOURCE AND APPLICATION OF FUNDS                     
                                  FOR LARRY JOHNSON                                    
                                         1983                                          
          Source of Funds:                                                             
          Schedule C gross receipts                       $20,160                      
          Gambling income                                  25,000                      
          Interest income                                     392                      
          First Union Bank accounts (estimated balance)     3,000                      
          Total source of funds                          48,552                        
          Application of Funds:                                                        
          Schedule C expenditures                                                      
          (less interest & depreciation)                  12,428                       
          First Union Bank accounts (estimated balance)     6,000                      
          U.S. Savings Bonds purchases                      7,200                      
          Callahan Property payments                        2,400                      
          Allendale Property payments                       1,125                      
          Mercedes purchase                                34,800                      
          Personal living expenses for 4 persons           16,387                      
          Total application of funds                     80,340                        
          Excess of applications over sources of funds    $31,788                      
                                         1984                                          
          Source of Funds:                                                             
          Schedule C gross receipts                       $20,500                      
          Schedule E income (rental)                        1,750                      
          Interest income                                     647                      
          First Union Bank accounts (estimated balance)     6,000                      
          GMAC loan                                        10,015                      
          Total source of funds                          38,912                        

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