| 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 | 2015-11-05 | 1,038 | 469 | 200DB | 5.000000000000 | 50 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AFLAC Inc 3.625% 06/15/2023 | 5,178 | 5,391 |
| AT&T Inc 4.35% 03/01/2029-2028 | 9,605 | 10,734 |
| Aetna Inc 3.5% 11/15/2024 | 3,069 | 3,293 |
| Aetna Inc 2.8% 06/15/2023 | 9,060 | 9,469 |
| Alphabet Inc 3.375% 02/25/2024 | 12,255 | 13,134 |
| Anheuser-Busch Inbev Worldwide 4.75% 01/23/2029-2028 | 11,073 | 12,350 |
| Anthem Inc 2.25% 05/15/2030 | 4,190 | 4,249 |
| Avangrid Inc 3.8% 06/01/2029 | 9,253 | 10,322 |
| Berkshire Hathaway Inc 3% 02/11/2023 | 12,085 | 12,670 |
| BP Cap Markets America 3.224% 04/14/2024 | 3,232 | 3,245 |
| Citigroup Inc 3.75% 06/16/2024 | 1,042 | 1,106 |
| Citigroup Inc 3.668% 07/24/2028-2027 | 9,286 | 10,203 |
| Constellation 3.5% 05/09/2027 | 6,891 | 7,897 |
| Crown Castle Intl Corp New 4.3% 02/15/2029-2028 | 8,523 | 9,501 |
| Disney Walt Co New Medium Term 2.95% 06/15/2027 | 12,697 | 13,368 |
| Discover Finl Svcs 4.5% 01/30/2026-2025 | 9,214 | 10,398 |
| Enterprise Prods Oper LLC 3.9% 02/15/2024-2023 | 1,047 | 1,093 |
| ExxonMobil Corporation 2.709% 03/06/2024 | 11,792 | 12,956 |
| Fox Corporation 4.03% 01/25/2024-2023 | 9,860 | 9,912 |
| General Motors Co 4.875% 10/02/2023 | 7,259 | 7,766 |
| Goldman Sachs 3.691% 06/05/2028-2027 | 9,072 | 10,368 |
| Goldman Sachs Group Inc 3.75% 02/25/2026-2025 | 4,122 | 4,544 |
| Hudson Pac Pptys L P 4.65% 04/01/2029 | 10,839 | 11,681 |
| JPMorgan Chase & Co 2.739% 10/15/2030-2029 | 10,784 | 10,873 |
| Lazard Group LLC 4.375% 03/11/2029-2028 | 10,145 | 11,726 |
| Lowes 3.875% 09/15/2023 | 2,116 | 2,171 |
| Microsoft Corp NT 4% 02/08/2021 | 12,025 | 12,038 |
| Oneok Inc 4.35% 03/15/2029-2028 | 11,840 | 14,743 |
| Procter & Gamble Co 2.3% 02/06/2022 | 12,019 | 12,278 |
| Santander Hldgs USA Inc 3.5% 06/07/2024 | 3,978 | 4,321 |
| Santander UK PLC 4% 03/13/2024 | 8,315 | 8,848 |
| Simon Property Group Inc 2.45% 06/13/2029 | 6,979 | 7,353 |
| Southern Calif Edison Co 2.85% 08/01/2029 | 10,630 | 10,880 |
| Southern Co 2.95% 07/01/2023 | 5,022 | 5,295 |
| WRKCO Inc 4.65% 03/15/2026 | 2,117 | 2,352 |
| WRKCO Inc 4.9% 03/15/2029-2028 | 9,640 | 11,117 |
| Wells Fargo & Co Medium Term SR 4.15% 01/24/2029-2028 | 10,696 | 11,870 |
| Williams Partners L P 4.5% 11/15/2023 | 3,111 | 3,308 |
| Brookfield Fin Inc 4.85% 03/29/2029-2028 | 6,351 | 7,350 |
| IHS Markit Ltd 4.25% 05/01/2029 | 10,063 | 10,934 |
| Total Capital Intl SA 3.75% 04/10/2024 | 3,267 | 3,317 |
| Promissory Note from Charlotte Mason Community School | 40,000 | 40,000 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Ecolab Inc | 15,776 | 43,272 |
| Adobe Sys Inc | 9,987 | 50,012 |
| Apple Inc | 13,662 | 151,267 |
| Microsoft Corp | 11,941 | 105,650 |
| Paypal Holdings Inc | 14,427 | 83,141 |
| Visa Inc | 5,982 | 63,432 |
| Boeing Co | 18,903 | 28,898 |
| JB Hunt Transportation Services | 9,763 | 17,081 |
| Roper Inds Inc New | 6,075 | 32,332 |
| Illumina Inc | 21,225 | 54,760 |
| Koninkijke Royal Philips Electronics | 38 | 54 |
| Thermo Fisher Scientific Inc | 18,140 | 55,894 |
| Zoetis Inc | 19,009 | 60,408 |
| Berkshire Hathaway Inc | 17,842 | 28,520 |
| Church & Dwight Inc | 16,926 | 47,977 |
| Costco Wholesale Corp | 17,654 | 56,517 |
| Estee Lauder Campanies | 15,183 | 56,166 |
| Pepsico Inc | 26,343 | 45,676 |
| Booking Hldgs Inc | 18,690 | 33,409 |
| O Reilly Automotive Inc New | 20,890 | 38,468 |
| Starbucks Corp | 13,452 | 41,722 |
| Facebook Inc | 22,098 | 62,554 |
| Alphabet Inc | 26,642 | 71,858 |
| Alphabet Inc | 14,349 | 45,549 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Blackrock L/C Core Plus | AT COST | 49,776 | 51,511 |
| Columbia Emerging Markets Fund | AT COST | 58,753 | 77,552 |
| Harding Loevner Funds Inc International Equity Portfolio | AT COST | 103,216 | 119,341 |
| WCM Focused International Growth Fund | AT COST | 59,856 | 77,159 |
| Oberweis Funds Inter Opportunities | AT COST | 67,293 | 112,733 |
| Vanguard Small-Cap Value | AT COST | 77,950 | 95,423 |
| Virtus Kar Small-Cap Growth Fund | AT COST | 57,657 | 62,667 |
| Blackrock Strategic Income Opportunities | AT COST | 39,187 | 40,848 |
| Eaton Vance Global Macro Absolute Return Fund | AT COST | 62,530 | 60,654 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Computer | 1,038 | 1,038 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Attorney fees | 7,123 | 7,123 | 0 |
| Description | Amount |
|---|---|
| Book tax difference in dividends | 740 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Bank fees | 20,565 | 20,565 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Foreign tax | 853 | 853 | 0 |