Miller & Sons Drywall, Inc. - Page 8

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                       TYE       Base                  Total                          
                     June 30    Salary     Bonus   Compensation                       
                       1983    $36,000   $15,000      $51,000                         
                       1985    36,000    104,700      140,700                         
                       1987    36,000    30,000       66,000                          
                       1988    36,000    40,000       76,000                          
                       1989    36,000    30,000       66,000                          
                       1990    36,000    40,471       76,471                          
                       1991    56,404    40,000       96,404                          
                       1992    34,900    61,196       96,096                          
                       1993    43,200    69,376       112,576                         
                       1994    48,000    109,920      157,920                         
                       1995    48,000    105,760      153,760                         
                       1996    90,000    109,000      199,000                         
                       1997    90,000    60,000       150,000                         
                       1998     90,000   60,000       150,000                         
                       1999    90,000    60,000       150,000                         
                       2000    90,000 160,000         250,000                         
          F.   Petitioner’s Financial Condition                                       
               From 1980 through 1982, the shareholder-employees                      
          capitalized petitioner with contributions of property totaling              
          $11,300.  No additional capital contributions were made.  As of             
          June 30, 2000, petitioner had retained earnings of $781,702 and             
          total shareholder equity of $793,002.  Petitioner never declared            
          a dividend.                                                                 








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