Estate of Frank Johnson - Page 77

                                       - 160 -                                         
                                         1987                                          
          Source of Funds:                                                             
          Schedule C gross receipts                       $36,325                      
          Schedule E gross receipts           14,000                                   
          Interest income                                     144                      
          First Union Bank savings accounts                 1,684                      
          First Union IRA-Larry                             3,000                      
          First Union IRA-Nancy                               582                      
          First Union IRA interest distribution               249                      
          Sun Bank checking account                         2,598                      
          Sun Bank savings account                            211                      
          Contract deposit                                  1,500                      
          Total source of funds                          60,293                        
          Application of Funds:                                                        
          Schedule C expenditures                         $26,453                      
          Schedule E expenditures                           2,456                      
          Sun Bank checking account                         5,283                      
          Sun Bank savings account                          5,860                      
          Credithrift mortgage ($83,684) payment           14,400                      
          Credithrift mortgage ($56,346) payment            9,699                      
          Renovations per IRS appraisal                    50,000                      
          GMAC note payments for Suburban                   3,504                      
          Personal living expenses for 4 persons           21,008                      
          Total application of funds                    138,663                        
          Excess of applications over sources of funds    $78,370                      

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