| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| H&S COMPANIES | 5,087 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| SHORT TERM COVERED | PURCHASE | 177,845 | 194,899 | -17,054 | ||||||
| LONG TERM COVERED | PURCHASE | 1,522,023 | 1,592,023 | -70,000 | ||||||
| FRANKLIN HIGH INC FUND CL A | 2011-12 | PURCHASE | 2020-04 | 10,009 | 11,609 | -1,600 | ||||
| VANGUARD REAL ESTATE ETF | 2020-03 | PURCHASE | 2017-10 | 553 | 553 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALPS ETF TR ALERIAN MLP ETF | 350,462 | 184,187 |
| AMERICAN BALANCED FUND CLASS A | 99,721 | 155,291 |
| AMERICAN HIGH INCOME TRUST, CL A | 51,439 | 47,352 |
| AMGEN INC | 25,097 | 39,546 |
| AT&T | 25,086 | 20,535 |
| BERKSHIRE HATHAWAY INC DEL CL A | ||
| CHINA MOBILE LTD | 50,010 | 27,170 |
| ETF SER SOLUTIONS DEFIANCE NEXT | 49,839 | 68,880 |
| EUROPACIFIC GROWTH FUND CLASS A | 32,730 | 61,083 |
| EUROPACIFIC GROWTH FUND CLASS F-1 | 37,116 | 59,345 |
| FIRST TR CLOUD COMPUTING | 49,794 | 78,400 |
| FIRST TR EXCHANGE TRADED FD II | 50,019 | 79,218 |
| FRANKLIN DYNATECH FUND | 150,000 | 233,774 |
| FRANKLIN FLOATING RATE DAILY ACCESS | 17,980 | 17,160 |
| FRANKLIN HIGH INCOME FD, CLASS A | 349,190 | 332,800 |
| FRANKLIN MANAGED INCOME FD CL A | 155,302 | 170,806 |
| FRANKLIN MUTUAL SERIES EUROPEAN | 106,872 | 88,789 |
| FRANKLIN NATURAL RESOURCES FD | 88,331 | 38,936 |
| FRANKLIN RISING DIVIDENDS FUND | 186,652 | 250,144 |
| FRANKLIN TEMPLETON CHINA WORLD FUND | 221,975 | 213,318 |
| FRANKLIN TOTAL RETURN FD, CL A | 38,205 | 39,218 |
| ISHARES MSCI GERMANY | 141,616 | 155,673 |
| ISHARES MSCI HONG KONG ETF | 108,181 | 113,960 |
| JOHNSON & JOHNSON | 50,675 | 70,821 |
| MACATAWA BANK CORP | 139,140 | 170,807 |
| NEW WORLD CLASS A | 23,768 | 39,341 |
| NEW WORLD CLASS F | 141,002 | 220,032 |
| PFIZER INC COMM | 23,748 | 29,154 |
| PRINCIPAL BLUE CHIP FD CL A | 104,518 | 139,599 |
| PRINCIPAL CORE FIXED INCOME CL A | 374,697 | 386,997 |
| PRINCIPAL EQUITY INC CL A | 50,705 | 64,641 |
| PRINCIPAL GLOBAL DIVERSIFIED INC | 248,033 | 249,565 |
| PRINCIPAL GLOBAL MULTI STRATEGY FD | ||
| PRINCIPAL GLOBAL REAL ESTATE | 148,797 | 153,154 |
| PRINCIPAL HIGH YIELD II FUND | 216,377 | 232,380 |
| PRINCIPAL REAL ESTATE SEC FD CL A | 76,678 | 87,293 |
| PRINCIPAL SAM BALANCED | 329,088 | 361,109 |
| AMERICAN SHORT TERM BOND CL A | 7,624 | 7,725 |
| PRINCIPAL SMALL MID CAP DIV INCOME | 181,524 | 170,279 |
| SMALLCAP WORLD FUND CLASS A | 63,584 | 110,419 |
| SPDR GOLD TR GOLD SHS | 99,742 | 98,990 |
| TEMPLETON DEVELOPING MARKETS | 87,902 | 91,972 |
| TEMPLETON FOREIGN FD, CL A | 92,283 | 82,737 |
| VANGUARD INDEX FDS EXTENDED MKT | 30,335 | 57,803 |
| VANGUARD INDEX FDS REIT | ||
| VANGUARD INDEX FDS SMALL CAP | 45,435 | 77,288 |
| VIATRIS INC | 1,332 | 1,836 |
| WASHINGTON MUTUAL INVESTORS FUND | 85,799 | 130,694 |
| FRANKLIN CONVERTIBLE SEC, CL A | 133,032 | 174,426 |
| PRINCIPAL INTL EMERGING MARKETS | ||
| VANGUARD INTL EQUITY INDEX FD | 100,537 | 97,589 |
| Description | Amount |
|---|---|
| FEDERAL INCOME TAX PAID | 4,106 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| INSURANCE-LIABILITY D AND O | 175 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ACCRUED PROFIT SHARING | 25,367 | 18,798 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT ADMINISTRATION FEES | 356 | 356 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX ON INVESTMENT INCOME | 1,589 | 1,589 | ||
| MI ANNUAL REPORT | ||||
| PAYROLL TAXES | 5,798 |