Broadrick R. Moore and Dawn J. Ingram - Page 7




                                        - 6 -                                         
                                             1996            1997                     
          Income                                                                      
          Gross receipts                     $555      $924                           
          Cost of Goods sold                1,248            681                      
          Gross income (loss)                (693)          243                       
          Expenses                                                                    
          Advertising                        25        –--                            
          Car & truck                   4,398          6,918                          
          Depreciation                  1,732          1,074                          
          Legal & professional services      435       395                            
          Office expense                     143       109                            
          Repairs & maintenance              131       ---                            
          Taxes & licenses                   ---              7                       
          Travel                        1,683          ---                            
          Meals & entertainment              76        209                            
          Other (unspecified)              3,681           6,437                      
          Total expenses                12,304          15,149                        
          Net income (loss)             (12,997)        (14,906)                      
               The assets for which petitioners took a depreciation                   
          deduction in 1996 are as follows: A “satellite”, a computer, a              
          computer upgrade, a computer hard drive, a telephone system,                
          software, a 1991 Ford, and a 1988 BMW.  Petitioners did not                 
          provide a list of the assets for which depreciation was claimed             
          in 1997.                                                                    
               Petitioners reported gross income (loss) and net losses for            
          the 5-year period during which they participated in the Amway               
          activity as follows:                                                        













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