| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 2,100 | 2,100 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LAND | 2015-01-23 | 42,915 | L | 0 | 0 | ||||
| BUILDING | 2015-01-23 | 272,637 | SL | 27.500000000000 | 9,088 | 9,088 | |||
| FURNISHING | 2015-01-23 | 30,293 | SL | 7.000000000000 | 3,967 | 3,967 | |||
| LAND | 2015-02-12 | 131,308 | L | 0 | 0 | ||||
| BUILDING | 2015-02-12 | 353,521 | SL | 27.500000000000 | 11,784 | 11,784 | |||
| FURNISHING | 2015-02-12 | 50,503 | SL | 7.000000000000 | 6,613 | 6,613 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 1500 SHARES NORFOLK SOUTHERN CORP | 110,865 | 126,885 |
| 2000 SHARES ORACLE CORP | 64,139 | 73,060 |
| 1000 SHARES PEPSICO INC | 63,309 | 99,920 |
| 4000 SHARES PFIZER INC | 83,101 | 129,120 |
| 4000 SHARES SOUTHERN CO | 155,649 | 187,160 |
| 2000 SHARES WELLS FARGO & CO | 66,841 | 108,720 |
| 1500 SHARES HOME DEPOT | 77,116 | 198,375 |
| 1000 SHARES PHILLIPS 66 | 32,947 | 81,800 |
| 3571 SHARES SYNOVUS FINANCIAL CORP | 75,755 | 115,629 |
| 3000 SHARES INTEL | 75,083 | 103,350 |
| 5000 SHARES BRISTOL MYERS SQUIBB CO | 131,247 | 343,950 |
| 2000 SHARES LOWES COMPANIES | 34,060 | 152,080 |
| 10600 SHARES ALTRIA GROUP, INC | 169,311 | 617,026 |
| 20000 SHARES BANK OF AMERICA | 185,448 | 336,600 |
| 2000 SHARES GENERAL ELECTRIC CO | 26,437 | 62,300 |
| 1000 SHARES JOHNSON & JOHNSON | 61,918 | 102,720 |
| 2500 BERKSHIRE HATHAWAY INC | 191,834 | 330,100 |
| 2000 SHARES AMERICAN EXPRESS | 86,899 | 139,100 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND | 42,915 | 0 | 42,915 | 42,500 |
| BUILDING | 272,637 | 9,088 | 263,549 | 270,000 |
| FURNISHING | 30,293 | 3,967 | 26,326 | 30,000 |
| LAND | 131,308 | 0 | 131,308 | 130,000 |
| BUILDING | 353,521 | 11,784 | 341,737 | 350,000 |
| FURNISHING | 50,503 | 6,613 | 43,890 | 50,000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| 2015 GRANT RETURNED IN 2016 | 30,000 | 30,000 |
| Description | Amount |
|---|---|
| CORRECTION TO STOCK BOOK VALUE | 551,296 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSES | 128 | 128 | 0 | |
| CHARITABLE USE OF 413 SMOKY VIEW RD CABIN | 2,775 | 0 | 2,775 | |
| CHARITABLE USE OF 1230 UPPER ALPINE WAY CABIN | 3,957 | 0 | 3,957 | |
| RENTAL EXPENSES 413 SMOKY VIEW RD CBIN | 0 | 35,505 | 0 | |
| RENTAL EXPENSES 1230 UPPER ALPINE WAY CABIN | 0 | 46,678 | 0 | |
| 413 SMOKY VIEW RD RENTAL EXPENSES | 35,505 | 0 | 0 | |
| 1230 UPPER ALPINE WAY RENTAL EXPENSES | 46,678 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MISC INCOME | 1,443 | 1,443 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| 17,643 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL INCOME | 1,704 | 0 | 0 | |
| UNDERPAYMENT PENALTY | 38 | 0 | 0 |