| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,500 | 1,500 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| COMPUTER | 2010-12-31 | 2,192 | 2,192 | S/L | 5.0000 | ||||
| COMPUTER | 2014-05-31 | 1,578 | 1,131 | S/L | 5.0000 | 315 | |||
| LAPTOP COMPUTER | 2018-04-10 | 1,795 | S/L | 5.0000 | 269 | ||||
| DESKTOP COMPUTER | 2018-06-15 | 1,959 | S/L | 5.0000 | 229 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 5,332 | 1,944 | 3,388 | 5,332 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| EDITORIAL EXPENSES | 4,834 | 4,834 | ||
| DISTRIBUTION EXPENSES | 896 | 896 | ||
| AUTHOR FEES | 10,892 | 10,892 | ||
| VEHICLE | 900 | 900 | ||
| READINGS , RECEPTIONS AND PRE | 19,759 | 19,759 | ||
| BANK FEES | 637 | 637 | ||
| TELEPHONE | 6,387 | 6,387 | ||
| WEBSITE AND INTERNET | ||||
| OFFICE SUPPLIES AND POSTAGE | 885 | 885 | ||
| MEAL AND ENTERTAINMENT | 10,303 | 10,303 | ||
| BUSINESS GIFTS | 85 | 85 | ||
| NJ ANNUAL REPORT | ||||
| OTHER PROFESSIONAL FEES | 457 | 457 | ||
| FINANCE CHARGES | 1,630 | 1,630 | ||
| ADMINISTRATIVE SERVICES | 417 | 417 | ||
| DONATIONS | ||||
| PERIODICALS AND BOOKS | ||||
| DUES AND SUBSCRIPTIONS | 195 | 195 | ||
| REPAIRS AND MAINTENANCE | 408 | 408 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| CREDIT CARD BALANCE | 8,053 | |
| OFFICER LOAN | 11,734 | 7,716 |