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1988
Source of Funds:
Schedule C gross receipts $39,455
Schedule E gross receipts 23,210
Interest income 52
Sun Bank checking account 5,283
Sun Bank savings account 5,860
Callahan Property sales price 100,000
Mortgage note receivable 2,550
Credithrift mortgage ($52,300) 49,621
Constant notes (2) 200,000
Constant note due 3/20/88 25,000
Total source of funds 451,031
Application of Funds:
Schedule C expenditures $18,579
Schedule E expenditures 5,396
Sun Bank checking account 1,341
Sun Bank savings account 923
Credithrift mortgage ($83,684) payment 17,483
Credithrift mortgage ($56,346) payment 4,041
Credithrift mortgage ($56,346) payoff 56,122
Callahan Child Care purchase money mortgage 20,000
Settlement charges 13,589
Daytona Beach Shores Property purchase 300,670
Cash at closing 27,048
Constant note due 3/20/88 payment 25,000
Credithrift mortgage ($52,500) payment 7,811
Seller mortgage note payment 14,031
GMAC note payments for Suburban 2,920
Cadillac (1979) 4,662
Personal living expenses for 4 persons 22,058
Total application of funds 541,674
Excess of applications over sources of funds $90,643
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