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1986
Source of Funds:
Schedule C gross receipts $18,975
Application of Funds:
Schedule C deductions 9,487
Rent (less $4,500 claimed on Schedule C) 6,900
Ford truck (1979) purchase 788
Chevy Camaro (1968) purchase 1,050
Chevy Camaro refurbishing costs 4,800
Barnett Bank savings 519
Personal living expenses for 2 persons 14,205
Total application of funds 37,749
Excess of applications over sources of funds $18,774
1987
Source of Funds:
Schedule C gross receipts $22,851
Gambling income 20,000
Interest income 77
Barnett Bank saving account 519
Total source of funds 43,447
Application of Funds:
Schedule C deductions 10,168
Rent (less $3,375 claimed on Schedule C) 5,175
Barnett Bank savings 2,091
Port Orange Property purchase cash deposit 8,000
Port Orange Property cash and closing costs 8,165
Port Orange Property seller note 9,000
Port Orange Property seller mortgage 4,030
(less $1,559 claimed on Schedule C) 2,471
Port Orange Property renovations 13,800
Fishing boat (1977) 7,700
Twin outboard motors 3,000
Personal living expenses for 2 persons 15,945
Total application of funds 89,545
Excess of applications over sources of funds $46,098
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