Raymond F. Kling and Barbara K. Kling - Page 48

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               Additional Purchases                                                   
                         Item                       Amount                            
                    1991                                                              
                         Klein News               $24,049                             
                         Jim Mitchell             4,000                               
                         Carl Dietz               19,775                              
                         Cash/Cirino              1,200                               
                         Bowers                   1,260                               
                         Charge/Beckett           996                                 
                         Miller van                1,400                              
                         Total                    52,680                              
                    1992                                                              
                         Miller van               450                                 
                         Lawrence                 1,035                               
                         Clay                     1,228                               
                         Raymond                  5,000                               
                         Cash/Mitchell            1,000                               
                         Cash/Ohio Coin             1,600                             
                         Total                    10,313                              
               We find that, without regard to any adjustment for self-               
          employment tax, petitioners omitted $32,350 from their income in            
          1991 and $34,932 in 1992 computed as follows:                               
               1991                                                                   
                    Gross Receipts                                                    
                         Notice of Deficiency     $455,584                            
                         Less loans               (11,320)                            
                         Total                    444,264                             
                    Purchases                                                         
                         Notice of Deficiency     $353,234                            
                         Additional                52,680                             
                         Total                    405,914                             
                    Omitted Income                                                    
                         Gross receipts           $444,264                            
                         Purchases                (405,914)                           
                         Rent                     (6,000)                             
                         Total                    32,350                              

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