-35-
APPENDIX
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
Cash, beginning -0- $2,307 $6,839 $3,320 $9,724 $199 $7,489 $354,292 $4,816 $4,020
Transfers by decedent
Payment of rent $11,250 7,200 9,600 7,200 6,000 10,000 -0- -0- -0- -0-
Other checks -0- -0- -0- 7,000 -0- 7,000 4,000 -0- -0- -0-
Partners’ contributions
David Disbrow -0- 2,000 -0- 1,600 -0- -0- 6,714 -0- -0- -0-
Other 8 partners equally -0- 8,000 -0- 6,400 -0- -0- -0- -0- -0- -0-
Interest income -0- -0- -0- 529 177 73 580 277 47 29
Proceeds from loans
From decedent -0- -0- -0- -0- -0- 6,774 -0- -0- -0- -0-
From unspecified sources -0- 450 -0- -0- -0- -0- 7,933 -0- -0- -0-
Proceeds from sale of residence -0- -0- -0- -0- -0- -0- 348,600 -0- -0- -0-
Payment of expenses (8,943) (9,957) (12,319) (12,325) (15,702) (12,332) (20,256) (1,153) (843) -0-
Purchase of capital assets -0- (3,161) (800) -0- -0- (4,225) -0- -0- -0- -0-
Nondeductible portion of
“business meals” -0- -0- -0- -0- -0- -0- (768) -0- -0- -0-
Distributions to partners
David Disbrow -0- -0- -0- -0- -0- -0- -0- (72,058)1 -0- (810)
Other 8 partners equally -0- -0- -0- -0- -0- -0- -0- (261,384) -0- (3,239)
Repayment of loans -0- -0- -0- -0- -0- -0- -0- (15,158) -0- -0-
Unaccounted withdrawal -0- -0- -0- (4,000) -0- -0- -0- -0- -0- -0-
Cash, ending 2,307 6,839 3,320 9,724 199 7,489 354,292 4,816 4,020 -0-
1We note that $72,058 equals $6,714 plus $65,344. Six thousand seven hundred and fourteen dollars corresponds to David
Disbrow’s contribution for 2000, and $65,344 approximates the product of David Disbrow’s 20-percent partnership interest in
Funny Hats and the difference between the total distributions for 2001 and $6,714 ($72,058 + $261,384 - $6,714 = $326,728;
$326,728 x .20 = 65,345.60).
Page: Previous 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 Last modified: May 25, 2011