Michael J. Rozzano, Jr., and Rose Marie Rozzano - Page 6




                                        - 6 -                                         
          Repairs and maintenance   4,430              7,791                          
          Supplies                 3,106               2,302                          
          Taxes and licenses       58                       58                        
          Travel                   10,361              7,307                          
          Meals                    2,337               1,874                          
          Utilities           13,249                   11,618                         
          Wages                    19,925              19,836                         
          Other expenses:                                                             
          Veterinarian           $13,981               $19,773                        
          Groundskeeping      6,167                    3,777                          
          Farrier        2,010                         1,990                          
          Hay and feed            38,666               40,806                         
          Bedding             4,303                5,242                              
          Total          65,127                        71,588                         
          Cash expenses before                                                        
          depreciation             129,890             131,831                        
          Depreciation              18,003                18,003                      
          Total expenses           147,893               149,834                      
               Substantiation of these figures is not in dispute.                     
               During 1999 and 2000 petitioners received the following                
          monthly income from the number of horses boarded as shown below:            
                    1999                                  2000                        
           Month      Income   Horses         Month      Income   Horses              
          January   $3,886.65    12          January   $6,596.00   18                 
          February   4,031.50    11          February     5,650.00   15               
          March     4,427.42    11           March     4,870.00   13                  
          April       3,375.00     9         April        5,025.00   14               
          May       2,940.00     9           May       4,447.30   14                  
          June   4,050.03    10   June2    --------   --                              
          July        4,476.00    12         July         5,504.00   15               
          August      4,105.00    11         August       4,275.00   12               
          September   4,105.00    11         September    4,575.00   13               
          October     6,156.60    16         October    4,437.00   13                 
          November   5,585.00    16          November     4,628.00   13               
          December    5,383.00    15         December     3,260.00    9               
                                                                                     

               2 Figures for June 2000 were not included in the record.               






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Last modified: November 10, 2007