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1989
Source of Funds:
Schedule C gross receipts $19,710
Gambling income 38,550
Interest income 153
Sun Bank savings account 945
Total source of funds 59,358
Application of Funds:
Schedule C deductions 8,597
Sun Bank savings account 545
Glendale Federal Bank 1,047
U.S. Savings Bonds purchases 3,450
Net gambling losses 16,940
Porsche 928 (1988) payments 9,419
Corvette-Greenwood (1984) 12,000
Personal expenses--COMPS (1988) 3,008
Personal expenses--jewelry 25,000
Total application of funds 80,006
Excess of applications over sources of funds $20,648
1990
Source of Funds:
Schedule C gross receipts $24,510
Interest income 130
Sun Bank savings account 545
Glendale Federal Bank 1,047
Total source of funds 26,232
Application of Funds:
Schedule C deductions 12,804
Sun Bank savings account 835
Glendale Federal Bank 1,130
U.S. Savings Bonds purchases 2,250
State Road Lease security deposit 3,000
Rent (less $2,880 claimed on Schedule C) 4,699
Porsche 928 (1988) payments 7,618
Investment--Johnson Limo 8,831
Lincoln Limo (1985) 14,414
Personal living expenses for 3 persons
for 5 months 6,950
Total application of funds 62,531
Excess of applications over sources of funds $36,299
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