| Return Reference | Explanation |
|---|---|
| PART II 24B ASSTES AT END OF THE YEAR | AIRCRAFT N1179U, 1976 CESSNA MODEL 172M, S/N 17266880 $120,000 AND AIRCRAFT N1481X, 1975 PIPER ARROW 11, S/N 28R-7535289 $81,000 ACCOUNT RECEIVEABLE $1601 COMPUTER AND SOFTWARE $150 |
| PART II 26A LIABILITIES AT BEGINING OF THE YR | Capital BANK NOTE $75,782 ACCOUNTS PAYABLE $1861 MEMBERS EQUITY $120,000 RETAINED EARNINGS $13,763 |
| PART II 26B TOTAL ASSETS AT END OF THE YR | ACCOUNTS PAYABLE $961 Capital BANK NOTE $72,143 MEMBER EQUITY $120,000 RETAINED EARNINGS $18100 |
| PART I LINE 16 OTHER EXPENSES | AIRCRAFT FUEL $10308 AIRCRAFT MAINTENANCE $24496 AIRCRAFT AVIONICS $5524 GPS DATABASE SUBSCRIPTION $684 AIRCRAFT OIL $537 AIRCRAFT HANGAR $5064 INSURANCE $11360 LOAN INTEREST $6394 MEMBER INTEREST $164 MISC OFFICE EXPENSE $348 TAXES AND LICENSES $250 |
| PART II 24A ASSETS BEGINING OF THE YR | AIRCRAFT N1179N $119,184 AIRCRAFT N1481X $109,600 ACCOUNT RECEIVEABLE $961 COMPUTER AND SOFTWARE $150 |
| FORM 990EZ PART I LINE 8 | Description:1179U HOURS Amount:10816 |
| FORM 990EZ PART I LINE 8 | Description:1481X HOURS Amount:14528 |
| FORM 990EZ PART I LINE 8 | Description:MEMBER LATE FEES Amount:530 |
| FORM 990EZ PART I LINE 16 | Description:AIRCRAFT FUELS Amount:10308 |
| FORM 990EZ PART I LINE 16 | Description:AIRCRAFT MAINTENANCE Amount:24496 |
| FORM 990EZ PART I LINE 16 | Description:AIRCRAFT AVIONICS Amount:5524 |
| FORM 990EZ PART I LINE 16 | Description:AIRCRAFT OIL Amount:537 |
| FORM 990EZ PART I LINE 16 | Description:GPS DATABASE SUBSCRIPTION Amount:684 |
| FORM 990EZ PART I LINE 16 | Description:AIRCRAFT HANGAR Amount:5064 |
| FORM 990EZ PART I LINE 16 | Description:AIRCRAFT INSURANCE Amount:11360 |
| FORM 990EZ PART I LINE 16 | Description:CAPITAL LOAN INTEREST Amount:6394 |
| FORM 990EZ PART I LINE 16 | Description:MEMBER Amount:164 |
| FORM 990EZ PART I LINE 16 | Description:MISC OFFICE EXPENSES Amount:348 |
| FORM 990EZ PART I LINE 16 | Description:TAXES AND LICENSES Amount:250 |
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