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account was interest bearing. The record does not show the
amount of interest paid to the account between January 1 and 13,
1986. We conclude, however, that the balance in the account as
of December 31, 1986, was approximately $38,000. Therefore, the
Jacobsens’ 1986 net worth should be increased by $800.
e. Mrs. Jacobsen’s Loan to Her Employer
In December 1986, Mrs. Jacobsen made a $2,000 loan to her
employer. This loan was repaid in 1987. The receivable from
Mrs. Jacobsen’s employer was not included as an asset on December
31, 1986. Respondent concedes that the $2,000 receivable from
Mrs. Jacobsen’s employer should be included as an asset on the
Jacobsens’ 1986 net worth statement.
f. Mrs. Jacobsen’s Inheritance
In 1986, Mrs. Jacobsen received an inheritance of $12,518
plus a one-eighth interest in a contract for deed valued at
$1,966. The inheritance was not reflected as an asset on the net
worth calculations as of December 31, 1986. Mrs. Jacobsen
testified that she held the distribution check into 1987 because
she could not decide how to spend or invest the funds. She
further testified that after she cashed the check in 1987 she
kept the cash and used it to pay expenses in 1987 and 1988. Mr.
Jacobsen did not produce the canceled check or call the
administrator who issued the check on behalf of the estate to
confirm when the check was cashed. Furthermore, the inheritance
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