PK Ventures, Inc. and Subsidiaries, et al. - Page 141

                                       - 86 -                                         
                                                              Amount                  
                                                         General  Limited             
           Year                   Item                  Interest  Interest            
           1986  Capital contributed during year           $500       --              
                Net long-term capital gain                   29       -–              
                Withdrawals and distributions               --        -–              
                Ordinary loss from business activities (1,323)        -–              
                Net short-term capital loss                 (13)      -–              
           1987  Capital contributed during year            --        --              
                Interest income                              69       -–              
                Withdrawals and distributions               --        -–              
                Ordinary loss from business activities (2,036)        -–              
           1988  Capital contributed during year          3,540       --              
                Withdrawals and distributions               -–        --              
                Ordinary loss from business activities (18,515)       -–              
           1989  Capital contributed during year            --        --              
                Withdrawals and distributions               -–        --              
                Ordinary loss from business activities (26,497)       -–              
           1990  Capital contributed during year            --   ($95,640)            
                Net gain under section 1231                 708      2,105            
                Withdrawals and distributions               -–        --              
                Ordinary loss from business activities (32,301) (96,097)              
           1991  Capital contributed during year            --        --              
                Cancellation of indebtedness income      81,119  373,755              
                Withdrawals and distributions               -–        --              
                Ordinary loss from business activities (32,327) (148,944)             
           1992  Capital contributed during year            --        --              
                Withdrawals and distributions               -–        --              
                Ordinary loss from business activities (44,925) (206,996)             
           1993  Capital contributed during year            --        --              
                Withdrawals and distributions               -–        --              
                Ordinary loss from business activities (33,561) (154,631)             
                Net loss under section 1231              (4,405) (20,296)             
               B.  As Reported on the Income Tax Returns for PK Ventures              
          and PKV&S                                                                   
               PK Ventures reported the following amount with respect to              
          its interest in PKVI LP on its income tax return for 1986, and              





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