| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,039 | 0 | 0 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| ELECTRIC BEDS | 2020-12-28 | 400 | 263 | 200DB | 13.68 % | 55 | |||
| HORSE TRAILER | 2021-10-06 | 7,800 | 4,056 | 200DB | 19.20 % | 1,498 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Machinery and Equipment | 8,200 | 5,872 | 2,328 | 2,328 |
| Item No. | 1 |
|---|---|
| Lender's Name | SIPOS LAW |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 300 |
| Balance Due | |
| Date of Note | 2020-12 |
| Maturity Date | 2021-12 |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| LOAN | 7,200 | 15,007 | 15,007 |
| SUPPLIES ON HAND | 700 | 700 | 700 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUCTION MEMBERSHIP | 200 | |||
| GOOGLE SERVICES | 87 | |||
| MISC. EXPENSES | 40 | |||
| REGISTRATION FEES | 18 | |||
| SUBSCRIPTIONS | 165 | |||
| SUPPLIES | 53 | |||
| TRAILER MAINTENANCE | 46 |
| Name | Address |
|---|---|
| VICTOR SIPOS |
11718 S CURRENT CREEK CIR SOUTH JORDAN,UT84095 |