| 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 |
|---|---|---|---|---|---|---|---|---|---|
| FARMLAND TILE | 2025-12-01 | 138,468 | 150DB | 15.0000 | 1,731 | 1,731 | 1,731 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| RAYMOND JAMES 4233 STOCKS | PURCHASE | 45,987 | 44,082 | 1,905 | ||||||
| RAYMOND JAMES STOCKS | PURCHASE | 122,862 | 62,251 | 60,611 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| EDWARD JONES BROKERAGE | 1,082,460 | 1,082,460 |
| EDWARD JONES BROKERAGE - X203 | 246,097 | 246,097 |
| EDWARD JONES BROKERAGE - X233 | 336,144 | 336,144 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FARMLAND / 160 ACRES APPRAISAL | 2,140,500 | 2,140,500 | 2,140,500 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| INSURANCE - D & O | 1,040 | 260 | 260 | 780 |
| INSURANCE - FARMLAND | 245 | 245 | 245 | |
| MISCELLANEOUS EXPENSE | 61 | 61 | 61 | |
| IL REPORT FEES | 26 | 26 | 26 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FARMLAND RENT | 48,000 | 48,000 | 48,000 |
| Description | Amount |
|---|---|
| UNREALIZED MARKET GAIN - EDWARD JONES | 75,525 |
| UNREALIZED MARKET GAIN - RAYMOND JAMES | 20,402 |
| UNREALIZED MARKET GAIN - RAYMOND JAMES | -42,150 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BROKERAGE INVESTMENT FEES | 5,800 | 5,800 | 5,800 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAXES | 9,410 | 9,410 | 9,410 | |
| EXCISE TAX ON INVESTMENT INCOME | 1,620 | 1,620 |