| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| PROCTER AND GAMBLE CO | 218,400 | 218,400 |
| JANNEY INVESTMENTS | 805,000 | 805,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| BANK FEES | 30 |
| Description | Amount |
|---|---|
| INCREASE IN INVESTMENT VALUE | 36,408 |