| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| WRIGHT MCAFEE CO | 5,075 | 2,538 | 2,537 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| DEPRECIATION | 2020-11-30 | 33,231 | 33,231 | ||||||
| DEPLETION | 2020-11-30 | 142,584 | 142,584 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| Part X Line 1e Reduction Oil gas leases to be drilled have been deferred until September 2023 due to | Part X Line 1e Reduction Oil gas leases to be drilled have been deferred until September 2023 due to supply chain issues for oil gas pipe and drlling rigs |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| VARIOUS PARTNERSHIPS OIL | 675,481 | 675,481 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FIXED ASSETS | 460,494 | 460,494 | ||
| LAND | 247,809 | 247,809 | 247,809 |
| Item No. | 1 |
|---|---|
| Lender's Name | FIRST NATIONAL BANK |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | |
| Balance Due | 536,524 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | SBA |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | |
| Balance Due | 68,259 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Amount |
|---|---|
| Excise tax | 643 |
| Change to tie to capital on 1065K-1 | 10,546 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEASE OPERATING EXPENSES | 3,106 | 3,106 | ||
| BANK CHARGES | 555 | 277 | 278 | |
| INSURANCE | 289 | 145 | 144 | |
| AMORTIZATION | 594 | 594 | ||
| FILING FEES | 216 | 108 | 108 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OIL GAS INCOME | 19,077 | 19,077 | |
| PARTNERSHIP INCOME AND LOSSES | -43,936 | -43,936 | |
| INTEREST INCOME FROM K-1 | 4,748 | 4,748 | |
| SURFACE DAMABE | 1,300 | 1,300 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Real estate tax not included in line 20 | 1,622 | 811 | 811 | |
| Production Tax | 2,993 | 2,993 | ||
| Payroll taxes | 30 | 15 | 15 |