| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL & ACCOUNTING FEES | 2,354 | 0 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| EMERSON EQUITY | 623,011 | 1,011,368 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DIVIDENDS RECEIVABLE | 380 | 205 | 205 |
| Description | Amount |
|---|---|
| ADJUSTMENT TO NET ASSETS | 776 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MANAGEMENT FEES | 4,708 | 0 | 0 | |
| MICHIGAN ANNUAL REPORT | 20 | 0 | 0 |