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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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