| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| LOAN FEES | 2020-12-09 | 7,885 | 2.0000 | 329 | 329 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 7,885 | 329 | 7,556 | 7,556 | |
| LAND | 3,411,900 | 3,411,900 | 3,411,900 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT LEGAL FEES | 15,238 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CANDLES, T-SHIRTS SALES | ||||
| BANK CHARGES & FEES | 5,423 | 5,423 | ||
| CONTRACTORS | 1,250 | 1,250 | ||
| LICENSES & PERMITS | 250 | 250 | ||
| OFFICE SUPPLIES | 1,187 | 1,187 | ||
| WEBSITE/COMPUTER | 527 | 527 | ||
| ADVERTISING | 3,799 | 3,799 | ||
| EXPENSES | ||||
| CHARITABLE DONATIONS - MINOR | 2,805 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| LOAN PAYABLE | 790,500 | |
| DEPOSIT ON LAND | 75,000 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| CANDLES, T-SHIRTS SALES | 9,055 | 5,613 | 3,442 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAXES | 676,984 |