- 6 - 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 ---Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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