| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting Fees | 14,800 | 3,800 | 0 | 11,000 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Fully Depreciated Land Improvements | 2000-07-31 | 28,694 | 28,694 | M | 7 | 0 | 0 | 0 | |
| Improvements | 2006-06-30 | 4,550 | 4,550 | M | 4 | 0 | 0 | 0 | |
| Improvements | 2010-07-01 | 1,300 | 1,186 | M | 4 | 114 | 0 | 0 | |
| Improvements | 2010-07-08 | 12,500 | 11,401 | M | 4 | 1,099 | 0 | 0 | |
| Doors | 2010-11-01 | 2,000 | 1,762 | M | 4 | 230 | 0 | 0 | |
| Improvements | 2010-11-05 | 1,500 | 1,322 | M | 4 | 173 | 0 | 0 | |
| Improvements | 2010-11-08 | 1,000 | 881 | M | 4 | 115 | 0 | 0 | |
| Dozer Work Improvements | 2011-06-21 | 4,500 | 2,692 | M | 4 | 518 | 0 | 0 | |
| Improvements | 2011-01-03 | 2,800 | 1,851 | M | 4 | 323 | 0 | 0 | |
| Furniture & Fixtures | 2000-10-31 | 56,784 | 56,784 | M | 5 | 0 | 0 | 0 | |
| Wild Game Cameras | 2012-10-15 | 520 | 398 | SL | 4 | 122 | 0 | 0 | |
| Fully Depreciated Equipment | 2001-07-31 | 39,315 | 39,315 | M | 4 | 0 | 0 | 0 | |
| Tractor | 2009-10-20 | 25,000 | 25,000 | M | 3 | 0 | 0 | 0 | |
| Disc | 2009-09-28 | 7,341 | 7,341 | M | 3 | 0 | 0 | 0 | |
| Hustler Fasback Mower | 2010-04-09 | 6,700 | 6,700 | M | 3 | 0 | 0 | 0 | |
| Bale Spike | 2010-06-09 | 625 | 625 | M | 3 | 0 | 0 | 0 | |
| Equipment | 2010-09-19 | 1,600 | 1,586 | M | 3 | 14 | 0 | 0 | |
| Security Cameras | 2010-09-10 | 9,492 | 9,404 | M | 3 | 0 | 0 | 0 | |
| Trailer | 2011-02-21 | 10,600 | 10,158 | SL | 3 | 442 | 0 | 0 | |
| Feeder | 2011-01-04 | 1,200 | 1,150 | SL | 3 | 50 | 0 | 0 | |
| Heavy Bilt Bin | 2011-03-01 | 7,195 | 6,895 | SL | 3 | 300 | 0 | 0 | |
| Lawn Mower | 2011-03-23 | 225 | 216 | SL | 3 | 9 | 0 | 0 | |
| Fencing & Corrals | 2011-06-01 | 57,225 | 37,553 | SL | 4 | 14,306 | 0 | 0 | |
| Walk Behind Trimmer | 2012-06-07 | 609 | 505 | SL | 4 | 104 | 0 | 0 | |
| Mower | 2012-06-28 | 2,375 | 1,967 | SL | 4 | 408 | 0 | 0 | |
| Chey Pickup | 2000-06-30 | 18,449 | 18,449 | M | 5 | 0 | 0 | 0 | |
| Pick UP | 2000-07-31 | 2,200 | 2,200 | M | 5 | 0 | 0 | 0 | |
| 2006 Toyota Avalon | 2005-10-04 | 34,846 | 20,504 | M | 3 | 1,675 | 0 | 0 | |
| 4 Wheeler | 2006-09-23 | 4,300 | 4,300 | M | 3 | 0 | 0 | 0 | |
| Bronco | 2008-07-10 | 2,500 | 2,500 | M | 3 | 0 | 0 | 0 | |
| Feed Truck | 2010-12-21 | 2,595 | 2,523 | M | 3 | 0 | 0 | 0 | |
| 2006 Chey Flatbed | 2010-12-12 | 7,522 | 7,313 | M | 3 | 0 | 0 | 0 | |
| Hummer | 2011-03-18 | 19,924 | 19,093 | SL | 3 | 831 | 0 | 0 | |
| 2011 F350 Pickup | 2012-01-11 | 40,711 | 39,863 | SL | 3 | 848 | 0 | 0 | |
| Land | 2000-06-30 | 251,000 | 0 | NDA | 0 | 0 | 0 | ||
| Animal--Horse | 2005-08-07 | 2,000 | 2,000 | M | 3 | 0 | 0 | 0 | |
| Chain Saw | 2013-03-12 | 1,343 | 336 | ALT | 3 | 504 | 0 | 0 | |
| T Posts Straps--Fencing | 2013-04-11 | 1,627 | 244 | ALT | 4 | 415 | 0 | 0 | |
| Auger | 2013-10-07 | 598 | 90 | ALT | 4 | 152 | 0 | 0 | |
| Farm Building Improvemnets | 2013-06-30 | 8,583 | 211 | ALT | 22 | 390 | 0 | 0 | |
| Equipment | 2013-06-01 | 11,973 | 1,796 | ALT | 4 | 3,053 | 0 | 0 | |
| Ranch Equipment | 2013-06-01 | 1,281 | 192 | ALT | 5 | 327 | 0 | 0 | |
| Fencing Improvements | 2013-06-01 | 6,067 | 910 | ALT | 5 | 1,547 | 0 | 0 | |
| HP Printer | 2014-12-31 | 104 | 0 | ALT | 3 | 26 | 0 | 0 | |
| Kubota Tractor | 2014-06-03 | 19,434 | 0 | ALT | 5 | 2,915 | 0 | 0 | |
| Security Equipment | 2014-06-18 | 2,743 | 0 | ALT | 3 | 686 | 0 | 0 | |
| Ground Drive Spreader | 2014-09-10 | 1,662 | 0 | ALT | 5 | 249 | 0 | 0 | |
| Rebuild Hummer | 2014-07-20 | 19,333 | 0 | ALT | 5 | 2,900 | 0 | 0 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Corporate Fixed Income | 135,000 | 135,018 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Corporate Stock | 200,058 | 232,971 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Producing Minerals at Cost | 16,248 | 16,248 | 500,000 |
| Non Producting Minerals | 8 | 8 | 8 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Bank Fees | 97 | 0 | 0 | 97 |
| Labor | 48,100 | 0 | 0 | 48,100 |
| Auto Expense | 2,093 | 0 | 0 | 2,093 |
| Fuel | 8,805 | 0 | 0 | 8,805 |
| Insurance | 10,763 | 0 | 0 | 10,763 |
| Meals | 37 | 0 | 0 | 37 |
| Miscellaneous Expenses | 545 | 0 | 0 | 545 |
| Office Supplies | 82 | 0 | 0 | 82 |
| Postage | 61 | 0 | 0 | 61 |
| Supplies | 19,384 | 0 | 0 | 19,384 |
| Telephone | 771 | 0 | 0 | 771 |
| Vet | 107 | 0 | 0 | 107 |
| Feed | 660 | 0 | 0 | 660 |
| Landscaping | 190 | 0 | 0 | 190 |
| Repairs | 37,706 | 0 | 0 | 37,706 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Other Income | 4,488 | 0 | 4,488 |
| Non Taxable Distributions | 1,716 | 0 | 1,716 |
| Misc Distributions | 6 | 6 | 0 |
| Description | Amount |
|---|---|
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Financial Advisor Fees | 903 | 903 | 0 | 0 |
| Survey Fee | 1,000 | 0 | 0 | 1,000 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| Oil & Gas Royalty | 206,028 | 0 | 206,028 |
| Name | Address |
|---|---|
| Howard Woodruff |
PO Box 720958 Norman,OK73070 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Severance Tax | 13,446 | 0 | 0 | 13,446 |
| Local Property Tax | 919 | 0 | 0 | 919 |
| Payroll Taxes | 7,753 | 0 | 0 | 7,753 |
| Foreign Tax | 36 | 36 | 0 | 0 |
| Federal Tax on Investments | 166 | 166 | 0 | 0 |