| 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 | 2014-05-31 | 1,578 | 1,578 | S/L | 5.0000 | ||||
| LAPTOP COMPUTER | 2018-04-10 | 1,795 | 628 | S/L | 5.0000 | 359 | |||
| DESKTOP COMPUTER | 2018-06-15 | 1,959 | 620 | S/L | 5.0000 | 392 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 5,332 | 3,577 | 1,755 | 1,755 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| EDITORIAL & DISTRIBUTION EXP | 1,688 | 1,688 | ||
| AUTHOR FEES | 16,213 | 16,213 | ||
| VEHICLE | 1,200 | 1,200 | ||
| READINGS , RECEPTIONS AND PRE | 14,665 | 14,665 | ||
| BANK FEES | 299 | 299 | ||
| TELEPHONE | 1,938 | 1,938 | ||
| OFFICE SUPPLIES AND POSTAGE | 455 | 455 | ||
| MEAL AND ENTERTAINMENT | ||||
| BUSINESS GIFTS | ||||
| DUES AND SUBSCRIPTIONS | 17 | 17 | ||
| CONSULTING FEES | 600 | 600 | ||
| FINANCE CHARGES | 182 | 182 | ||
| OTHER MISCELLEANOUS | 45 | 45 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| CREDIT CARD BALANCE | 2,326 | 4,667 |
| OFFICER LOAN | 6,705 | 6,705 |