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10/31/94 10/31/95 10/31/96
Assets
Current assets $2,898,541 $3,584,901 $3,295,219
Property and equipment 877,553 1,032,037 1,118,592
Other assets 106,309 101,710 92,286
Total assets 3,882,403 4,718,648 4,506,097
Liabilities
Current liabilities 827,931 1,584,793 1,114,378
Long-term debt 149,780 243,107 257,842
Total liabilities 977,711 1,827,900 1,372,220
Stockholders Equity
Common stock 2,000 2,000 2,000
Paid-in capital 332,372 332,372 332,372
Retained earnings 2,728,204 2,714,260 2,957,389
Treasury stock (157,884) (157,884) (157,884)
Total equity 2,904,692 2,890,748 3,133,877
Total liabilities and equity 3,882,403 4,718,648 4,506,097
From 1986 to 1993, Dennis and Curtis made loans to
petitioner, which were unsecured. The outstanding loan amounts
petitioner owed to Dennis and Curtis on the last day of fiscal
years ending October 31, as reflected on petitioner's financial
statements, were as follows:
Fiscal Year Loan Amounts
1986 $198,982
1987 131,574
1988 153,484
1989 351,424
1990 547,621
1991 496,838
1992 51,729
1993 -0-
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