Metro Leasing and Development Corporation - Page 6




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               For 1995 and 1996, petitioner’s gross receipts consisted of            
          the following amounts:                                                      
               Type of income           1995           1996                           
               Interest income     $259,652       $240,427                            
               Gross rents         353,376        388,676                             
               Net capital gains   35,884         267,657                             
               Form 4797 gain      246,346        8,141                               
               Late fees               2,931          1,170                           
               Total income        898,189        906,071                             
               Petitioner’s total income before expenses, officer’s                   
          compensation, and ratio of compensation to total income for 1987            
          through 1996 were as follows:                                               
                    Compensation as                                                   
          Total           Officer        percentage of                                
               Year     income        compensation     total income                   
               1987    $626,991         $425,000       67.8                           
               1988     583,949         310,000        53.1                           
               1989     503,859         260,000        51.6                           
               1990     569,530         260,000        45.7                           
               1991     946,396         360,000        38.0                           
               1992     604,344         150,000        24.8                           
               1993     633,688         150,000        23.7                           
               1994     640,602         210,000        32.8                           
               1995     898,479         240,435        26.7                           
               1996     806,071         460,000        57.1                           


          Petitioner acquired and sold shares of stock as follows:                    
               Company name        Date acquired Date sold                            
               Data Med            9/20/88        5/9/95                              
               Mylex Corp.         pre-‘95        ---                                 
               Cyrix Corp.         ‘95 & ‘96  ‘96                                     
               Focus Enhancement   5/23/96        12/9/96                             
               IMP, Inc.           12/16/94     5/9/96                                
               Interactive Medical                                                    
                    Tech.          6/30/95        10/21/96                            
               Oryx                ‘96            ---                                 





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