| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| WRIGHT MCAFEE CO | 5,678 | 2,839 | 2,839 | 2,839 |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| DEPRECIATION | 3,790 | ||||||||
| DEPLETION ON WELLS | 9,526 | 48 |
| Identifier | Return Reference | Explanation |
|---|
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| VARIOUS PARTNERSHIPS OIL | 273,193 | 134,338 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| VARIOUS | 470,666 | 395,299 | 75,367 | 75,367 |
| LAND | 277,415 | 277,415 | 277,415 |
| Item No. | 1 |
|---|---|
| Lender's Name | VARIOUS BANK |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | |
| Balance Due | 238855 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| MINERALS HELD FOR SALE | 100,000 |
| Description | Amount |
|---|---|
| Excise tax on investment incom | 124 |
| Nondeductible expenses from K-1s | 314 |
| Loss on investments | 24,368 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INTANGIBLE DRILLING COSTS | 10,034 | 10,034 | 10,034 | |
| LEASE OPERATING EXPENSES | 15,028 | 15,028 | 15,028 | |
| DRY HOLES | 1,800 | 1,800 | 1,800 | |
| OFFICE EXPENSE | 5 | 3 | 3 | 2 |
| AMORTIZATION | 4,168 | 4,168 | 4,168 | |
| BAD DEBT | 52,264 | 52,264 | 52,264 | |
| DIRECTORS FEES | 1,250 | 625 | 625 | 625 |
| BANK CHARGES | 2,308 | 1,154 | 1,154 | 1,154 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PROFIT ON SALE OF MINERAL INTERSTS | 45,211 | 45,211 | |
| PARTNERSHIP INCOME AND LOSSES | -5,862 | -5,862 | -5,862 |
| OIL GAS INCOME | 45,279 | 45,279 | 45,279 |
| INTEREST INCOME FROM K-1 | 2,125 | 2,125 | 2,125 |
| GAIN ON SALE OF WORKING INTEREST | 4,232 | 4,232 | 4,232 |
| Description | Amount |
|---|---|
| Nontaxable income from K-1 for insurance proceeds | 14,280 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Real estate tax not included in line 20 | 1,434 | 1,434 | 1,434 | |
| PRODUCTION TAX | 1,785 | 1,785 | 1,785 |