Estate of Frank Johnson - Page 86

                                       - 169 -                                         
                                      Appendix N                                       
                 COURT’S REVISED OF SOURCE AND APPLICATION OF FUNDS                    
                                  FOR SYLVIA JOHNSON                                   
                                         1985                                          
          Source of Funds:                                                             
          Loan from First Union Bank                      $22,300                      
          Total source of funds                          22,300                        
          Application of Funds:                                                        
          Corvette (1985) purchase                         27,875                      
          Note payments                                     2,980                      
          Total application of funds                     30,855                        
          Excess of applications over sources of funds     $8,555                      
                                         1986                                          
          Source of Funds:                                  -0-                        
          Application of Funds:                                                        
          Corvette (1985) note payments                    $7,464                      
          Total application of funds                      7,464                        
          Excess of applications over sources of funds     $7,464                      
                                         1987                                          
          Source of Funds:                                                             
          Schedule C gross receipts                       $10,450                      
          Total source of funds                          10,450                        
          Application of Funds:                                                        
          Schedule C deductions                             5,540                      
          Sun Bank savings account                          1,154                      
          U.S. Savings Bonds purchases                      5,000                      
          Gambling losses                                   1,100                      
          Personal expenses--COMPS                            356                      
          Corvette (1985) note payments                     7,564                      
          Total application of funds                     20,714                        
          Excess of applications over sources of funds    $10,264                      

Page:  Previous  152  153  154  155  156  157  158  159  160  161  162  163  164  165  166  167  168  169  170  171  Next