| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CPA Service Fee | 3,000 | 3,000 | 0 |
| 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 FEE | 2021-11-11 | 9,383 | 4,243 | 84.000000000000 | 1,340 | 1,340 | 1,340 | 5,583 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| BUILDING | 2021-10-01 | 1,080,000 | 88,854 | SL | 39.000000000000 | 27,692 | 27,692 | 27,692 | |
| LAND | 2021-10-01 | 1,620,000 | L | 0 | 0 | 0 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LOAN FEE | 9,383 | 5,583 | 3,800 | 3,800 |
| BUILDING | 1,080,000 | 116,546 | 963,454 | 963,454 |
| LAND | 1,620,000 | 0 | 1,620,000 | 1,620,000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| SECURITY DEPOSIT | 64,933 | 64,933 | 64,933 |
| INVESTMENT IN GYRATION | 100,000 | 100,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Meal | 0 | -9,025 | -9,025 | 0 |
| Entertainment | 0 | -1,403 | -1,403 | 0 |
| Repair & Maintenance | 1,752 | 1,752 | 0 | |
| Property Insurance | 4,799 | 4,799 | 0 | |
| Painting | 0 | 0 | 0 | |
| Licm Fees, Permit | 0 | 0 | 0 | |
| ADVERTISING | 16,000 | 16,000 | 0 | |
| Office | 1,183 | 1,183 | 0 | |
| Transportation | 2,166 | 2,166 | 0 | |
| Phone | 253 | 253 | 0 | |
| Meal | 18,049 | 18,049 | 0 | |
| Entertainment | 1,403 | 1,403 | 0 | |
| Amortization | 1,340 | 1,340 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Other Payables | 0 | 23,222 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| IRS TAX | 0 | -1,878 | -1,878 | 0 |
| PROPERTY TAX | 29,742 | 29,742 | 0 | |
| Tax Expense | 1,978 | 1,978 | 0 |