Estate of Frank Johnson - Page 83




                                       - 166 -                                         
                                         1988                                          
          Source of Funds:                                                             
          Schedule C gross receipts                        $25,785                     
          Barnett Bank saving account                        2,091                     
          Trade in for Porsche                              14,000                     
          Florida National Bank loan                        40,129                     
          Sale of Ford truck (1979)                            500                     
          Total source of funds                            82,505                      
          Application of Funds:                                                        
          Schedule C deductions                             11,781                     
          Barnett Bank savings                               3,197                     
          Port Orange Property seller mortgage                                         
          (less $6,117 claimed on Schedule C)              10,002                      
          Port Orange Property renovations                   1,750                     
          Legal fees                                         1,000                     
          Ford truck (1986)                                 10,563                     
          Ferrari GTS 328 (1987)                            73,129                     
          Note payments                                      4,585                     
          Estimated tax payments (1988)                      1,500                     
          Tax payments (1987)                                5,216                     
          Personal living expenses for 2 persons            16,516                     
          Total application of funds                     139,239                       
          Excess of applications over sources of funds     $56,734                     

























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