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1980-107
San Bernardino 66,009-9-1 RESOLUTION NO. RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO FINDING THAT AN APPLICATION FOR INDUSTRIAL DEVELOPMENT BOND FINANCING HAS BEEN SUBMITTED PURSUANT TO THE PROVISIONS OF ORDINANCE NO. 3815 OF THE CITY BY VTN CONSOLIDATED, INC. , AND EASTERN PACIFIC FINANCIAL GROUP, A JOINT VENTURE; FINDING THAT SAID APPLICATION COMPLIES WITH THE PROVISIONS AND REQUIREMENTS OF SAID ORDINANCE NO. 3815; PRELIMINARILY APPROVING SAID APPLICATION AND THE PROJECT TO WHICH IT REFERS; FIXING A TIME AND PLACE FOR THE HOLDING OF A HEARING THEREON; ORDERING THE PUBLICATION OF A NOTICE OF HEARING IN THE FORM AND MANNER PROVIDED BY SAID ORDINANCE NO. 3815; AND MAKING CERTAIN OTHER FINDINGS AND DETERMINATIONS IN CONNECTION THEREWITH (SUBJECT TO APPROVAL OF THE AMENDED DISPOSITION AND JOINT DEVELOPMENT AGREE- MENT AND THE EXECUTION THEREOF BY ALL PARTIES) . WHEREAS, the City of San Bernardino ("City" herein) , is a "home rule city" duly organized and existing under and pursuant to a Charter adopted under the provisions of the Constitution of the State of California; and WHEREAS, pursuant to its home rule powers , the City duly and regularly enacted Ordinance No. 3815 ( "Ordinance" herein) to finance various types of projects , as defined in the Ordinance, and to issue its special revenue bonds for the purpose of paying the cost of financ- ing such projects; and B194-7 (gl) 3/10/80 i San, Bernardino 60 ,009-9-2 WHEREAS, said Ordinance No. 3815 is intended to finance the development of industry and commerce and to thereby broaden the employment opportunities for residents of the City and its tax and revenue base; and WHEREAS, VTN Consolidated, Inc. , and Eastern Pacific Group, a joint venture ("VTN/Eastern" herein) , has submitted its Application in the form and manner provided in saia Ordinance No. 3815 requesting the City to issue and sell to Miller & Schroeder Municipals, Inc. ("Underwriter" herein) , its special revenue bonds as authorized by said Ordinance for the purpose of financing for VTN/Eastern multi- ` tenant industrial buildings which shall provide approximately 240 ,800 square feet of rentable space, to be located in the Southeast Industrial Park Project Area of the Redevelopment Agency of the City of San Bernardino, which buildings , including the land necessary therefor and for the providing of parking spaces for the use and convenience of the tenants of and visitors to said buildings , and the financing of same, including interest during construction, costs and expenses of issuing said bonds, including bond discount, if any, constitute a project ("Project" herein) as that term is used in said Ordinance No. 3815 ; and s B52-1 (jsy) -2- 3/11/80 San. Bernardino • 60,009-9-1 WHEREAS, the Coordinator (being the Redevelopment Agency of the City) , City Attorney, Redevelopment Agency Counsel, Bond Counsel, the Underwriter and staff -of both the City and the Coordinator have reviewed the Application and have found that the Project is within and complies with the spirit, intent and provisions of the Ordinance, and that the City should proceed with the financing; and WHEREAS, the City finds that it is in the public interest to authorize an issue of its special revenue bonds, for the purpose of paying the cost of financing the Project upon such terms and conditions as may then be agreed upon by the City, VTN/Eastern, its successors and assigns, and the Underwriter; NOW, THEREFORE, IT IS HEREBY RESOLVED, DETERMINED AND ORDERED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS : Section 1. That the recitals set forth hereinabove are true and correct in all respects . Section 2 . That said Application as referred to in the recitals hereof complies with the provisions. and,- - requirements of said Ordinance No. 3815 . -3- B194-9 (gl) 3/10/80 pan Bernardino 60 , 009-9-1 Section 3. That said Application and the Project be, and the same are, hereby preliminarily approved. Section 4 . That in accordance with the provisions of Section ll (C) of said Ordinance No. 3815 , a public hearing shall be held at the time and place and for the purpose set forth on the "Notice of Hearing" form attached hereto as Exhibit A and incorporated herein, which notice complies with the requirements of said Ordinance. Section 5 . That the City Clerk is hereby directed to cause said Notice of Hearing referred to in Section 4 hereof to be published in a legal newspaper of the City in the time and manner required by Section 6061 of the Government Code of the State of California. I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Mayor and Common Council of the City of San Bernardino at a meeting thereof, held on the day of 1980, by the following vote, to wit: Ayes: Councilmen �,,.Q � ��©aQ�� s. � c ool r_-V1 NOES: ABSENT: City Clerk The foregoing resolution is hereby approved this day of n��.k, 1980. M yo o e City of an Bernardino Approved as to form: &tie ty Attvorney - 4 - B194--10 (gl) ^ /"I ^ /nA San Bernardino 60,-009-9-1 CITY OF SAN BERNARDINO NOTICE OF PUBLIC HEARING ON APPLICATION FOR FINANCING OF A PROJECT PURSUANT TO ORDINANCE NO. 3815 OF THE CITY OF SAN BERNARDINO FOR AND ON BEHALF OF VTN CONSOLIDATED, INC. AND EASTERN PACIFIC FINANCIAL GROUP, A JOINT VENTURE NOTICE IS HEREBY GIVEN that the Mayor and Common Council of the City of San Bernardino have accepted an application from a joint venture consisting of: VTN Consolidated, Inc . and Eastern Pacific Financial Group and have adopted its Resolution entitled: "Resolution No. "Resolution of the Mayor and Common Council of the City of San Bernardino Finding that an Application for Industrial Development Bond Financing Has Been Submitted Pursuant to the Provisions of Ordinance No. 3815 of the City by VTN Consolidated, Inc . and Eastern Pacific Financial Group, a joint venture; Finding that Said Application Complies with the Pro- visions and Requirements of Said Ordinance No. 3815; Preliminarily Approving Said Application and the Project to Which it Refers; Fixing a Time and Place for the Holding of a Hearing Thereon; Ordering the s B194-11 (gl) 3/11/80 San' Bernardino 60,009-9-1 Publication of a Notice of Hearing in the Form and Manner Provided by Said Ordinance No. 3815; and Making Certain Other Findings and Determina- tions in Connection Therewith" all for the financing of multi-tenant industrial buildings of approximately 240,800 square feet in the aggregate, to be located in the 'joutheast Industrial Park Project Area of the Redevelopment Agency of said City (the "Project") and to issue approximately $7,120 ,000 of special revenue bonds therefor pursuant to Ordinance No. 3815 . NOTICE IS FURTHER GIVEN that the Mayor and Common Council will hold a public hearing on the Application and the proposed Project and its financing as follows : Date: April 7, 1980 Time: 2 :00 P.M. Place: Council Chambers City Hall 300 North "D" Street San Bernardino, California 92418 on which date, time and place any and all persons interested may appear and be heard. GIVEN by order of the Mayor and Common Cogncil' of the City of San Bernardino, California, March 17, 1980 . Shauna Clark, City Clerk of the City of San Bernardino -2- B194-12 (all ®j THE Clry�F (EASTERN PACIFIC MAR 111980 a 0 March 11, 1980. Mr. Ralph E. Shadwell, Jr. Executive Director Re-Development Agency 300 North "D" Street San Bernardino, California 92401 Dear Mr. Shadwell: Enclosed is our completed "Industrial Development Bond" Application package together with a $500 ,00 nonrefundable fee. Being submitted concurrent with our application is the "Disposition and Joint Development Agreement" modified by James Warren Beebe 's office to provide for IDB financing. Sincerely you EAS PAC IC President DD:bp Enclosures j 3573 CANUENGA BLVD. WEST, LOS ANGELES, CA. 90028 213/816-4181 INDUSTRIAL DEVELOPMENT BOND We herewith make application for $7, 120,000 Industrial Development Bond financing to construct 240 , 800 square feet of industrial buildings on 15 acres of industrial zoned land fronting on Cooley Avenue in the Southeast Industrial Park in the city of San Bernardino, consistent with the following applicant responses to the Industrial Development Bond Application: 1. 1 Legal name of the applicant VTN Corporation, a Delaware Corporation (hereinafter referred to as VTN) , and Eastern Pacific Financial Group, a California corporation (hereinafter referred to as EP) , as co-venturers . 1.2 Line of Business VTN - Civil Engineering EP - Land Development 1. 3 Mailing address for purposes of application liaison, and address of headquarters . VTN - 2501 Campus Drive, Irvine, California 92713 EP - 3575 Cahuenga Boulevard, West, Los Angeles , California 90028 1. 4 Employer I.D. Number VTN - 95-2784907 EP - 95-3073052 1. 5 Name and title of principal contact. VTN - C. Richard Nelson, President, VTN Corporation EP - David Doremus, President, Eastern Pacific Financial Group 1. 6 Phone number (s) . _ j VTN - (714) 851-5200 EP - (213) 876-4181 Industrial Development Bond Application Page Two 1. 7 Type of business organization: 1. 7 . 1 Place of organization VTN - Delaware EP - California 1. 7.2 Date of organization, and VTN - November 22, 1972 EP - October 1, 1969 1. 7. 3 The nature of legal affiliation or relationship with other entities (Parent - subsidiary, division, common oweenship, etc. ) . VTN Corporation - parent company owns all of the stock of the following corporations: VTN, Colorado VTN Consolidated, Inc. VTN, Inc. VTN, International VTN, Louisiana VTN, Oregon VTN Pacific, Inc. VTN Wyoming, Inc. VTN Consolidated in addition to doing business under its own name has three active companies doing business as : VTN, San Bernardino VTN, Los Angeles VTN, San Diego VTN, San Bernardino is the only active company in San Bernardino County. It owns no property other than minor office furnishings and employs seven people in the county. EP - None 1. 8 Constitution of ownership of the company, including pbrcent- age of holdings by general public. VTN - 34% publicly owned by many stockholders (no more than 5%) ; 66% privately owned. Industrial Development Bond Application Page Three 1. 8 (Continued) EP - Stock corporation privately held by David Doremus 1.9 Names and locations of key officials, including: 1. 9. 1 Principal officers , VTN - J. J. Trindle, Chairman of the Board 35395 Beach Road Capistrano Beach, California 92624 C. R. Nelson, President & Director 20 Pine Hearst Road Newport Beach, California 92660 K. W. Carlson, Vice Executive Officer & Director 13142 Laurinda Way Santa Ana, California 92705 R. L. Weaver, Executive General Manager 19492 Sierra Lago Irvine, California 92715 M. J. Ruston, Director 2465 Campus Drive Irvine, California 92715 R. W. Gay, Director 626 North Pioneer Drive Anaheim, California 92805 EP - David Doremus, President & Director 3791 Multiview Drive Los Angeles , California 90028 Valerie Doremus, Director 3791 Multiview Drive Los Angeles, California 90028 L. M. Lilly, Vice President 886 Hillside Drive Long Beach, California 90815 Julie Hueftle, Treasurer 1090 Mission Drive j Costa Mesa, California 92626 Industrial Development Bond Application Page Four 1. 9 . 1 (Continued) Barbara Peterson, Secretary 23469 Victory Boulevard Canoga Park, California 91307 1.9 . 2 Directors, and Included in 1.9 .1 above 1. 9 . 3 Principal stockholders (over 10% ownership) . VTN - C. Richard Nelson 22%, James R. Trindle 22% , and Kenneth Carlson 22%; remaining 34% of stock is publicly owned and is widely disbursed. EP - David Doremus 100% 1. 10 Description of other business affiliations of principal officers, directors, and principal stockholders. VTN - J. J. Trindle, C. R. Nelson, and K. W. Carlson are the three shareholders of the Cotter Corporation, which owns improved properties in Orange County and Los Angeles County, and VTN, Nevada, which operates a civil engineering company in Nevada. EP - David Doremus, in addition to owning 100% of the outstanding stock of Eastern Pacific Financial Group, also owns 100% outstanding stock of Doremus Development, Inc. , a California corporation which is a real estate development company, 13. 3% of the outstanding stock of Pathfinder Mortgage Corporation, a California corporation which is a mortgage banker, and is general partner of the following limited partnerships engaged in the development and management of real property in California: E. P. Investments Eastern Pacific I E. P. Investments III Santa Maria Industrial E. P. Investments VII E. P. Hamlin Pathfinders Investments DYL Investments Eastern Pacific Management Company Industrial Development Bond Application Page Five 1.10 (Continued) None of the affiliated corporations or entities are presently involved in the development of any property within the county or city of San Bernardino and no projects are anticipated during the term of the bond issuance. 1. 11 Employees VTN - Number of employees in San Bernardino - 7 Number of employees in California - 327 Total number of employees worldwide - 521 EP - Number of employees in California - 30 1.11.1 Number of employees in California, and Included in 1.11 above 1. 11.2 Locations in California. VTN - 2301 Campus Drive, Irvine, California 92713 5919 Van Nuys Boulevard, Van Nuys, California 91401 71-301 Highway 111, Suite 1, Rancho Mirage, California 92770 VTN, San Diego, 4845 Ronson Court San Diego, California 92111 VTN, San Bernardino, 353 West 6th Street, San Bernardino, California 92402 EP - 3573 Cahuenga Boulevard, West, Los Angeles, California 90028 14724 Ventura Boulevard, Sherman Oaks , California 91403 1. 12 Expert Services : 1. 12 .1 The applicant ' s accountant and principal contact at such firm, Industrial Development Bond Application Page Six 1. 12 . 1 (Continued) VTN - Ernst and Whinney 4000 MacArthur Boulevard, Suite 800 Newport Beach, California 92660 Contact: Mr. Robert Vernon (714) 851-1700 EP - Herbert A. Lampert, C.P.A. 14724 Ventura Boulevard Sherman Oaks , California 91403 Contact: Mr. Herbert A. Lampert (213) 990-5644 1.12 .2 The applicant's attorneys and principal contact at such firm, and VTN - Robert Bachman 2361 Campus Drive Irvine, California 92713 Contact: Mr. Robert Bachman (714) 851-5206 EP - Kadison, Pfaelzer, Woodard, Quinn, & Rossi 707 Wilshire Boulevard, 40th Floor Los Angeles , California 90017 Contact: Richard Smith, Esq. (213) 688-9000 1. 12 . 3 Any experts or firms of experts that will be involved and the principal contacts at each firm. Miller and Schroeder Muncipals , Inc. 1200 Prospect Avenue La Jolla, California 92037 (714) 459-2661 James E. Iverson, Consultants and Bond Underwriters City of San Bernardino James Warren Beebe, Esq. 611 West 6th Street Los Angeles, California 90017 Contact: James Warren Beebe, Esq. , (213) 680-1406 Bond Counselor, City of San Bernardino 1. 13 Principal bank of account and name of officers handling account. VTN - Bank of America j Irvine Industrial Office 1400 Dove Street Newport Beach, California 92660 (714) 759-4565 Industrial Development Bond Application Page Seven 1. 13 (Continued) EP - Manufacturers Bank 9701 Wilshire Boulevard Beverly Hills, California 90212 Charles Solomon, Executive Vice President (213) 278-9120 1. 14 The source of funding for the project. Bonds will be underwritten by Miller and Schroeder Municipals, Inc. PART II BOND ISSUE 2 . 1 Provide the estimated total amount of the financing with a tabulation of proposed use of bond proceeds, including: 2 . 1. 1 through 2. 1. 5 $ 97,000 Legal printing and related fees 260, 000 Underwriting financing costs and fees 650 ,000 Capitalized interest 650 ,000 Interest reserve 472 ,500 Land 1,000 ,000 Land Development 3,516 ,000 Direct construction 150, 000 Architectural and engineering fees 324,500 Marketing and sales $7 ,120 ,000 Total Bond Proceeds 2.2 Estimated target date of financing. June 1, 1980 for underwriting of the $7 ,120,000 bond issue. There will be construction disbursements as required up to the aggregate phase disbursements of: $2,750 ,000 will be funded June 1, 1980 ,. $2 ,600,000 is anticipated to be funded March 1, 1981, and $1,770 ,000 is anticipated to be funded March 1, 1982 . In no event will the total develop- ment of the project not be completed by December 31, 1983. 2. 3 Estimated times of financing. See 2.2 above j Industrial Development Bond Application Page Eight 2. 4 Type of bond sale (private placement, underwritten offering) . Underwritten offering PART III FINANCIAL INFORMATION 3.1 Financial statements certified or prepared by a CPA, from three most recent fiscal years, including the following: 3. 1.1 Balance Sheet Attached hereto 3.1.2 Income (Profit and Loss) Statements, and Attached hereto 3. 1.3 Analysis of sources and application of funds. Sources: Bond issuance underwritten by Miller and Schroeder Municipals, Inc. , plus required owners equity. Application: Purchase of approximately 15 acres of industrial zoned land, known as Parcel 3, Parcel Map 4781, as per map recorded in Book 48 , Pages 87 - 89 of Parcel Maps in the Office of the County Recorder of the County of San Bernardino, state of California and construction of 240, 800 square feet of free standing light industrial buildings , together with the necessary developmental, processing fees , bond underwriting and finance costs , merchandising and overhead costs. 3.2 Advise as to whether applicant is a small business, and a description of the applicant's ranking and relative size in its industry. VTN - A medium sized business ranked in the upper 10% of civil engineering firms in the United States. EP - A small business unranked in its industry. No Small Business Administration loan funds or guarantees are requested or will be issued in connection with this bond underwriting. Industrial Development Bond Application Page Nine PART IV PROJECT INFORMATION 4.1 A short summary of the purpose, objective and function of the proposed project. The industrial project will be developed with 34 buildings comprising 240 , 800 square feet. A pent-up demand exists for small (1,000 to 7,000 square foot) primary manufactur- ing and commercial users. These users are precluded from establishing themselves in the San Bernardino market for want of improved industrial space. We will build the project in three phases : Phase Total Footage Anticipation of Construction 1st 92, 400 June 1, 1980 2nd 94 , 400 March 1, 1981 3rd 54, 000 March 1, 1982 The IDB will be issued in the aggregate amount of $7,120,000 with total phase disbursements of: 1st Phase - $2 ,980 ,000 2nd Phase - 2 ,600,000 3rd Phase - 1,540 ,000 $7, 120,000 Total The project will be built and the bonds guaranteed by the developer with the industrial buildings being both sold and leased to tenants who will be the primary users. 4.2. 1 Land, Land Purchase $ 450,000 5% Commission 22 ,500 $ 472,500 Total Land Cost 1,000 ,000 Common Area Improvements (streets, street lighting, underground utilities, landscaping, etc.,) _ i $1,472, 500 Total Developed Land Industrial Development Bond Application Page Ten 4.2 .2 Buildings, 3,516 ,000 - 240 , 800 square foot buildings, including 10% of each building improved as offices . 4 .2 . 3 A tabulation of equipment, None 4 .2. 4 Engineering and technical services , and $150 ,000 4.2 . 5 Other or miscellaneous items (describe and tabulate) . $260 ,000 Bond Underwriting Financing 97,000 Bond Underwriting Legal and Printing 650, 000 Construction Period Interest 324 ,500 Marketing and Sales Cost 650 ,000 10% Interest Reserve 4. 3 Estimated construction period: 4. 3. 1 Scheduled starting date, and June 1, 1980, March 1, 1980, and March 1, 1982 4. 3. 2 Scheduled completion date. January 31, 1981, September 30, 1981, and September 30, 1982 4. 4 Name and location of the applicant's supervising or consulting engineer responsible for design of the project. Civil Engineering - VTN Consolidated, Inc. 353 West 6th Street San Bernardino, California 92402 John Adams (714) 889-4431 Architectural - Johannes Van Tiburg & Partners 1101 Broadway Santa Monica, California 90401 Johannes Van Tiburg, AIA (213) 394-0273 4. 5 The location of the proposed project. If duplicate installa- tions in several locations, list addresses of all'. See Exhibit "A" attached hereto. Industrial Development Bond Application Page Eleven 4 .6 Advise as to whether the project site is a new location. If not, describe what expansion or alteration will be made. The project site is the first land acquisition and develop- ment by either the joint venture or the co-venturers in the city of San Bernardino. 4. 7 Name of legal owner of location: 4 .7 . 1 If not owned by applicant, advise terms and nature of occupancy, and The joint venture is in escrow to purchase the referenced property from the Re-Development Agency, City of San Bernardino. The purchase price will be $450, 000, plus a 5% broker' s commission to be paid by the buyer to Pathfinder Mortgage. Escrow to close upon issuance and disbursement of the industrial development bond proceeds, anticipated to be June 1, 1980. 4. 7 . 2 If there is or will be a legal relationship between the applicant and owner of the location, describe the relationship. Not applicable 4. 8 A description of operations that are or are to be conducted at the location of the proposed project, and the scope, magnitude and process relationships of the proposed project, including: 4. 8. 1 An 8 1/2" X 11" map showing plant site and location of the project, and See Exhibit "B" attached hereto. 4. 8 . 2 A description of the plant process. The project is being built as a speculative develop- ment to be leased and/or sold upon completion. The anticipated tenants and owners will be light manufacturers and suppliers . No loud, obnoxious, or toxic materials will be produced, manufactured or handled on-site. 4. 9 List the environmental quality regulations, standards or requirements which are to be met within this project. Industrial Development Bond Application Page Twelve 4 . 9 (Continued) All applicable environmental quality standards and regulations will be met and no special permits or waivers are anticipated by the subsequent users of the project. Strict standards will be established and administered by the owners association, prohibiting future variances from the developers ' requirements . 4. 10 A list and copies of all permits, water quality enforce- ment orders, air pollution permits and variances or evidence of other actions evidencing need for installation of this project. See Section 4 . 9 above. 4 . 11 List pollution control agencies (local, state and federal) imposing the applicable regulations, standards or require- ments for operations or disposal. South Coast Air Quality Management Board, State and Federal Water Quality Acts , and State of California Department of Health. 4. 12 Describe the regional county or basin plan to which this project is to conform, and the manner in which it will provide conformance. The general plan for the city master, for the county are consistent with zoning and uses established for the property. 4. 13 Describe the by-products or residues of the project, and where and how ultimate disposal will be accomplished. If recycling or salvage is to be a function, advise as to market opportunities. See Section 4.9 above. In addition, the non-recyclable trash from operations of the manufacturing facilities will be collected weekly, and disposed of by the city contracted refuse service. PART V PUBLIC BENEFITS 5.1 Describe the benefits that will accrue to the City and its citizens as a results of the installation of this , _ facility and the use of this method of financing;i vis-a-vis a conventional method. Industrial Development Bond Application Page Thirteen 5.1 (Continued) The developer anticipates the following cumulative long term effects : the creation of 480 new jobs (assumed to be two direct jobs per 1,000 square feet of manufacturing facility) ; together with the addition of 6 .5 million dollar base for city and county taxation purpose: the attractiveness of the project, and viability will not only provide industrial space for smaller users wishing to relocate in the city of San Bernardino, but should attract additional speculative developments which will further enhnace the tax base and employment opportunities ; and, as a result of the increased employment, all secondary service industries and primary manufacturing industries will benefit from the capital expenditures and discretionary personal income available to the employees and owners . An immediate developmental effect will be the establishment of approximately 150 on-site construction jobs together with the capital purchases by the developer, which will impact the discretionary income levels in service and construction industries in the city and county of San Bernardino. 5 .2 In particular, the application should address the findings in Section 1 of the Ordinance, and should show that the applicant is locating in the City for long-term business reasons and not merely because of any financial inducement offered by the Ordinance. Specific responses to items addressed in the findings of Section 1 are as follows: By creation of industrial space to house industrial users, job opportunities will be created and in order to fill the employment situation, the locally unemployed and persons requiring job assistance will be called upon to fill the positions . The addition of job opportunities will have an incremental effect upon the reoccurring problems of crime and juvenile delinquency due to the income and alternative sources of gainful employment and further the urban deterioration will be abated through the construction of aesthetically pleasing and attractive buildings, which will enhance the city and surrounding areas . As developers, we have noted the significant need for small (3,000 to 6 ,600 square foot) industrial space which, although it will not attract national firms to San Bernardino, will result in regional relocations to the market and the Industrial Development Bond Application Page Fourteen 5.2 (Continued) regionally relocated firms will provide the support facilities necessary to attract the national firms into the market place. Without the smaller industrial facilities, many firms wishing to relocate are being excluded due to lack of space and facilities. It is not the specific intent of the developer of the city to realize profit from the bond underwriting, but it must be recognized that there will be income derived by the city from bond administration reimbursements in excess of out-of-pocket expenses by the city and additionally, the city and county will realize tax revenues in excess of incremental increases for the municipal services such as police and fire protection. All development and financing costs will be borne exclusively by the developer and all on-site landscaping and roads will be paid for and maintained by the developer and the subsequent owners association, which will be established. The development and financing program will be self-supporting. PART VI COMMITMENTS 6 . 1 through 6 . 4 The applicant hereby agrees to comply with and/or assist the city in complying with and to provide staff additional information and supplemental schedules, plans and documents of whatever nature so as required by the city in order to comply with all provisions of Paragraph 6 . 1, 6 . 2 , 6 . 3 , and 6 . 4 of the Industrial Development Bond Application. This application is submitted by Eastern Pacific Financial Group, and Eastern Pacific Financial Group warrants that it has the prime responsibility and authority to bind the co-venturers to all provisions of the application and to the best of our knowledge and belief it contains no false or inaccurate information or data and is totally descriptive of the project. We have been counseled and are familiar with Ordinance No. 3815 of the City of San Bernardino. EASTERN PACIFIC tFINANC L GROUP, Co-Venturer Davi Doremus, 4 t Ile sit o }l #yg MZ Rl Z $ � n C� a u%aat r a cm oz a C r 7M M —I I f,FT 10011 1 Huse 3 anon 30-39 30 IL awl x r a D D D j x W D -H — � W J H y X - I I m - n Z C m a-I m II � s D o t _ c Huse , ands,-,e • co � D D w O P ♦ Y Y } t r 1 COOLEY AVENUE + INDUSTRIAL- PARK a - PARCEL NUMBER 3 1 RY: M CONSOLIDATED & E. �. m m m It m R i l d- I Z N D -- j COOLEY AVENUE f � t INDUSTRIAL'-PARK PARCEL ►NUMBER`3 a sir: YIN 00f 29-2OP A z m Z . ; m m c O Z Z 2 1 Z r � f f t D L • I i COOLEY AVENUE E = t INDUSTRIAL PARK` PARM NUMBER 3:� _ i VTN CID Ll -BY IM PAMD -1" O Z Z Z is `� Il i �i ti Y� ' COOLEY AVENUE S ?a INDUSTRIAL PARK PARCEL NUMBER 3 ,T:—vTN c2N LIDATFED & f P-I.__ - 4I i s a � --- - tZc P r�� t� �•x Q�tJs � . � _� i � 11'U1�/� _•-; - --,r- a 4 --- li COaSTv- <�o.� 1J) Pa!U�� —�` , 4 6! i �PL.MQF�T-�X!'� I I � i 6 e , T �x µ y 9 M� . -- v 14 t - i 14 1411 1J�eL L- LSE- ��L� �_.__I 14 I 15 �' i I 15 —r Q ► ST � --. 16 171 1117 19', TC?T L 370 S __119 40 00 441 i I 44 43 43 - - - -44 R i LC - CDT- 2,4 44_ 45' cVZLU �YL11 . Cc� 45 - --46' L_o .4�c T-v A 49 30 � - t �--- 7 30 31 I _j V I 31 32 33 { � i i 7 33 1 34 35 I } I 35 i 36 —:� --- -i -- -- } --t — s7 38 I! -T�Y1D iy-LZ. 1 i—.— 38 3 9 i • ELFGHON FOR APPORTIOti:;rNf Or $50,000 SURTAX • EXEMPTION FOR 1',Ia•MRS OF CONTROLLED CROUP OF CORPORA'rIONS Corporation filing original election: Name aA-.-C C 0.H Addresses 3__�Fa Ls �•�__�? Taxable year S- etc e, r--c _- Service center where original return was filed: -- - 77 9-E-,"" -' - ---- The following corporations, component members of a controlled group of corporations, hereby elect and consent to the following apportionment plan vit4 respect to the $50,000 surtax exemption available as of January 1, 1975 in computing the tax applicable after December 31, 1974 per form 1120-FY. Taxable Apportionment Signature of Corp. Year E. I. of surtax authorized No. Ended Name --_ Number— _ exemption _ officer (2) IT, (3) (4) (5) — (6) -- - ---- -------- 33 V1t1 d03t)- 14 U4 cc U.S. Corporation Income Tax Return Form � , �� For calendar year 1976 or other taxable year beginning %76 Deeartment of the Treasury OC T. 1• 1976•.nd;ng SF PT . 30• 19 7 7 Internal'itevenue Service (PLEASE TYPE OR PRINT) check If a-- N3LAA S TE RN PACIFIC FIN ANC I AL GROUP o Employer identiriuhon number A Consolidated return r7 FORMED'_" KNCNN AS LAR I CK GUNS T Q 95-26 9 9 9 —3 sn5 Number and street E Date incorporateu e Personal H-)Id,ag Co. 17 5300 ORANGE AVE. { C &mines Cede No. (See fife• 7 City or town. State. and ZIP code F Enter total assets from line 14, ,g column (D), Schedule L (See of mstrirctiens) L510 10 C Y P A E S S CALIFORNIA instruction R) IMPORTANT—FO in all applicable tines and schedules. If the lines on the schedules are not sufficient.see instruction N. $ 2 9 4 1 Gross receipts or gross sales..................................Less: Returns and allowai..-s"____---------------________--_----- 1 ----------------------------- 2 Less: Cost of goods sold (Schedule A) and/or operations, , . . Sk E. ST ALT%M 0 T Z 2 e Z 21 3 Gross profit . . 3 —5-� ----. W 2z7 2 4 Dividends(Schedule C) . . . . . . . . . . . . . . . . . . 4 ---------------------------- V5 Interest on obligations of the United States and U.S. instrumentalities , . . , , . . . . . . 5 ______________ Z 6 Other interest. 6 4 U) 7 Gross rents . 7 i N 8 Gross royalties 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . ---------------------------- 9 (a) Net capital gains—(attach separate Schedule D). . . . . . . . . . . . . . 9(a) --------------------------- (b) Ordinary gain or (loss) from Part II, Form 4797 (attach Form 4797) . 9(b) 16 Other income (see instructions---attach schedule) . . . . EE .ST ATI;MNT 10 S 11 TOTAL income—Add Tines 3 through 10 . 11 2262622 . . . . . . . . . . 12 Compeitsstion of olBcers(Schedttte E) • • • 22 ___�—_____--------- . 13 Salaries and wages (rot deducted elsewhere) . • . . • . . . . . . . . 13 --------------� f_� 4. 14 14 Repairs (see instructions) . . • ----------------x-!8 l9_ 15 Bad debts(Schedule F if reserve method is used) . . . . . . . . . . . . . . . . 15 - - --- ----------------- Rents • . • . • . . . . . . . . . . . . 16 ---------------8_t 6 6 j . . . . . . . . . . . . 17 Taxes (attach schedule) . . . . . . . . . . . . . . . SEE .5TAT . . . , 4 17 _ - S2, 18 Interest• . . . . . . . . . . . . . 18 e LS d9 . . . . . . . . . . . . . . . . stn 19 Contributions (not over 5%of litre 30 adjusted per Instructions—attach schedule) �E E •STMT e 19 --- --- - ---- -- ----64 Z 20 Amortization (attach schedule) . . 20 _ t^" 21 Depreciation (Schedule G). . . . CZ2 Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -- -- -------- r 11 {ta 23 Advertising . . . . . . . . . . . . . . . . . . . . . . . . . --------------------------- O 24 Pension, profit-sharin etc. plans (see instructions) (enter number of plans ) • 24 , 25 25 Employee benefit programs(see instructons). . . . . . . . E S¢A t E M N T � 26 ---__- 26 Other deductions (attach schedule) . . . . . . . . . . . •-__ --_ ------ J 16 e 4» 27 TOTAL deductions--Add lines 12 through 26. . . . . . . . . . . . . . . . 27 Z 0 Q y g 5 28 Taxable income before net operating loss deduction and special deductions(line 11 less line 27) . 28 l S ,6 3 7 ------------------ 29 Less: (a) Net operating loss deduction (see instructions) , SEIE STMT .T. (a 044 -------------------------- (b) Special ded".:. ..s (Schedule 1) . . . . . . . . . . 0(bl 844 30 Taxable income (line 28 less line 29) 30 i 4 7 9 3 . . . . . . . . . . . . . . . . . . . TOTAL TAX Schedule J 31 ( ) . . . . . . . . . . . . . . . . . . . . . . . . 31 --------------- 4 32 Credits: (a) Overpayment from 1975 allowed as a credit . --._________------- (b) 1976 estimated tax payments . . . . . . . . ------- (e) Less refund of 1976 estimated tax applied for on Form 4466 { --------------------------- (4) Tai deposited with Forms 7004 (attach copy) . . . . . . . . . . . -------------- (e) Tax deposited with Form 7005 (attach copy) . . . . . . . . . i. . • . »------------------------- (f) Crelit from reptlated investment companies(attach Form 2439) . . . . . . . »_________________________ (g) U.S. tax on speciait fuels,nonhighway gas and lubricating oil (attach Form 4136) . . . . 33 TAX DUE (line 31 less line 32). See instruction G for depositary method of payment . . . 33 4#649 34 OVERPAYMENT (line 32 less line 31) • 34 r 35 Enter amotint of line 34 you want: Credited to 197 • Ipated tax • Refunded ► S5 Under oenalt,cs of per urvI I declare that I have exam&' returr%ocluding ace panymg schedules and statements, and to the best of my knowtedge and belief it is true, correct, and eeniplete. Declaration of preo«lr (other than taxplaar) is lion at wki h the preWr«has airy knowledge. »» _ '--------•-�•y-�{---------------------_f� »»»-»»_»»_an (LJNeal e r/1liV CORP. oat. '< siiER1 M OAKS, Ck 91403 _ ' _--------------------------•----------==-=----»-»---------------------------- -------------•-------------�-y yw--------------- --ess and Idle Identifying nranber (sM instrv��� Address and ZIP cods j' EASTL� h PACIFIL FINANLIAL Gk[UP 077 6635-14 G5 95—,�Co'73052 Form 1120 4 1 3 7 6) Page }� - Cost of Goods Sold(See instruction 2) Dividends(See instruction 4) 1 Inventory at beginning of year. . . . . _______________________ 1 Domestic corporations subject to 85%deduction ........................... 2 Merchandise bought for monufocture or sale . _______________________ 2 Certain preferred stock of public utilities . - - 3 Salaries and wages . . . . . . . . 3 Foreign corporations subject to 85%deduction. - -------------«---------- 4 Other costs 4 Dividends from wholly-owned forei n subsidiaries fi 5 Total . . . . .......................... subject to IDO%deduction(section 245(6)). - ------------------------- j 6 less:Inventory at end of yecr. 5 Other dividends from foreign corporations . 7 Cost of goods sold—Enter on line 2,page 1 b Includable income from controlled foreign corpora Method of inventory valuation---------------------------------------------- tions undersubprsri F(attoch Forms 3646) . - ------------------------- ------------------------------------------------------------------------------ 7 Foreign dividend gross-up(section 78) - - - - ------------------------ 8 Oualifying dividends received from affiliated i ------------------------------------------------------------------------------ groups and subject to the 100% deduction ------------------------------ (section 243(0)(3)) . ec ------------------- --- 9 Qualifying dividends received from affiliated i ------------------------------------------------------------------------------ groups and subject to the provisions of section Was there any substantiol chonge in determin- 1564t b) - - - - - - - - - - - - ------------------------ ing quantities costs, or vo'uetions between 10 Taxable dividends from o DISC or former DISC opening and closing inventory? E] Yes Fi No not included in line 1(section 2461,d)) ----------------------- If"Yes,' attocn on exploncticn 11 Other dividends . . . . . . . . . 12 Totol—Enter here and on line 4,pog e 1 Compensation of Officers(See instruction 12) 4.Time Percent of corporation 1 Nome of office• 2.Social security number 3.Title devoted to stock owned 7.Amount of B Expense account business eornperoat�on allowances 5.Common 6.Preferred -------------------------------------- -------------------------- --------------------------- ----------- ---------- ---------------------------------------- i I ------------------------------------- ------------------------- ------------ ------------ --------------------------------------------------------------- ---------------------------j----------- -------------------------: -------------- ------------ ----------' --------' Total compensation o.officers—Enter here and on line 12,page 1 Bad Debts—Reserve Method (See instruction 15) Amount added to reserve I Year Y Trade nit.,and occoont..• 3 Soles on occount 4.Current year 6.Amount charged 7.Reserve for bad debts --blr ountordmg or end of yea .Ye 5.Recoveries against reserve at end of year I provision I --------------------- ----------------- -- ------------------------- ------------------------ ! ----------------------------------------------- ------------------------- ------------------------ ------------------------- ------------------------ 4 ---------------------- ----------------------- --------------------------------------------------- ----------------------- ----------------------- -------------------- ---------------------- ------------------------ ----------------------- ----------------------- ------------------------ Depreciation (See instructions for Schedule G) Note: If depreciation is computed by using the Class life (ADRi System or the Guideline Class life System, you must file Form 4832 (Class Life (ADR) System) or Form 5006 (Guideline Class Life System) with your return. Check boxles) if you mode an election this taxable year to use Class life ADR System and/or El Guideline Class Life System. See Publication 534. i A.De eciatlon 5.Method of 1.Group and gu�del�ne class 2.Dote 3.Cost or allowed or allowable computing 0.Life or 7.Depreciation for or description of properts acquired other basis in prior years depreuatien rate this year 1 Total additional first-year depreciation(do not include in items below) / --------------------------- 2 Depreciation from Form 4632- - - - - - - ---------------------------- / --------------------------- ---------------------------- 3 Depreciation from Form 5006. --------------------------- 4 Other depreciation: Buildings - - - - - - - - -------------- -------------------------------------------------------- -------------- -------------- Furnitureand fixtures. - -------------- -------------------------------------------------------- -------------' -------------- --------------------------- Transportation equipment ---------- ------------------ ------------ r Machinery and other equipment - - -------------- -------------------------------------------------------- ------------- --i----------- --------------------------- Other------------ ---------------------- ----------------------------- 10-t-b- -7-8----------------------------- -------------- -------------- ----------------2--.y E S - - - --------------------------- --------------------------- -------------- -------------- --------------------------- -------------------------------------------- -------------- ------------------- - - -- ------- 5 Totals . . . . . . . . . . . . 10v67b °-- ----2 99�{i 6 less amount of depreciation claimed in Schedule A . . . . . W . .E. DIV .THE. R ETV. 1V. _ . . . 7 Balance—Enter here and on line 21,page 1. . . . 2 9 8 S , EA5T=-RN PACIFIC FINANCIAL GRCuP 070 Z635-14 06 95-3073052 - Fo.nt 4-1 20 ( Ig 16 1 page 3 I (a)85%of line 1,Schedule C (b)60.208%of line 2,Schedule C 2 (c) 85%of line 3,Schedule C - - I V (d) 100%of line 4,Schedule C . . . . . . . . . . . • • • • • • . . . • . • • • • • . . • • 2 Total—See instructions for limitatic- 3 100%of line 8,Schedule C 4 Enter dividends-received deduction allowed for dividends reported on line 9.Sch.C See section 15641 b'for compvtot-on . . . . . ----------------------------- 5 Dividends paid on certain preferred stock of public utilities(see instructions) . . . . . . . . . . . . . . . . 6 Western Hemisphere trade corporations(see instructions) 7 Total special deductions—Add lines 2 through 6 Enter here and on line 291b),page I . . . . . . . . . . .. . . 1 Taxable income(fine 30,page 1) . . . . . . . . . . . . . . . . . . . 2 Enter line I or $25,000, whichever is lesser. (Members of a controlled group, see instructions) • • . . . . . . 3 Line I less line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ................LZ*29.3 C 0 4 Enter line 3 or S25,000, whichever is lesser. (Members of a controlled group, see instructions) • . . . . . . O5 Line 3 less line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 20%of line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ................. E 7 22%of line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ------------....2- IN 0 U 8 48%of line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 and 8 or alternative tax a 9 income tax (" of ""** ", i from separate Schedule D, whichever is lesser) . . . . . . . . . . . . . . . . . . . . . . . . . ----------------- 10 (a) Foreign tax credit(attach Form 1118) (b) Investment credit(ottoch Form 3468) (c) Work incentive(WIN)credit(attach Form 4874) . . . . . . . . . . . . . . . . 11 Total of lines 10(a),(6),and(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Line 9 less line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .................. 13 Personal holding company tax(attach Schedule PH(Form 1120)) - 14 Tax from recomputing a prior year investment credit(attach Form 4255) . . . . . . . . . . . . . . . . . . ---------------------------- * 1 15 Tax from recomputing a prior year WIN credit(see instructions—attach computation) . . . . . . . . . . . . . * ---------------------------- 16 Minimum tax on tax preference items(see instructions—attoch Form 4626) . . . . . . . . . . . . . . . . . . 17 Total tax—Add lines 12 through 16.Enter here and on line 31,page I . . . . . . . . . . . . . . . . . . . EMPT-M Record of Federal Tax Deposits Class Tax Number 503 List deposits in order of date made—See instruction G Date of Date of Date of deposit Amount Amount Amount deposit deposit --------------------------- ---------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- FYO-T.7 G Did you claim a deduction for expenses connected with: Yes No If"Yes,"chock the type of relationship! N (1) Entertainment facility(boat,resort,ranch,etc.)? . . . . . . . _—k (1) parent-subsidiary (2) FT brother-sister (2) Living accommodations(except for employees on business)? (3) combination of(1)and!21(See section 1563.)E (3) Employees'families at conventions or meetings? . . . . . . L Refer to page 7 of instructions and state the principal: . — L (4) Employee or family vocations not reported on Form W-2? . . . . X Business activ,tyS k!0JQE ------------------------ H (1) Did you at the end of the taxable year own,directly or indirectly, Product a,ser,icec�UJPW.RJUCT,ILA__---_---------------------M 50%or more of the voting stock of a domestic corporation?(For X X rules of attribution,see section 267(c` . . . . . . . . . M Did you file all required Forms 1087, 1096 and 1099? . . . If"Yes,"attach a schedule showing: N Were you a U.S.shareholder of any controlled foreign corporation? (a) name,address,and identifying number; (See sections 951 and 957.) . . . . . . . . . . . . . . X (b) percentage owned;and If"Yes,"attach Form 3646 for each such corporation. (c) taxable income or (loss) (e.g., if a Form 1120: from line 30, page 1, Form 1120)of such corporation for the taxable year 0 If you ore a farmers'cooperative.check type: ending with or within your taxable year. E purchasing marketing I I service other(explain) ►----------------------------------------------- (2) Did any individual, partnership, corporation, estate or trust at the of the taxable year own, directly or indirectly, 50% or Is During this taxable year, did you pay dividends(other than stock more of your voting stock? (For rules of attribution, see section i dividends and distributions in exchange for stock) in excess of 267(,).) . . . . . . . . . . . . . . . . . . • your current and accumulated earnings and profits? iSee sections If"Yes:" 301 and 316.) . . . . . . . . . . . . . . . . . . (a) Attach a schedule showing name, address, and identifying If "Yes," file Form 5452. If this is a consolidated return, answer number. here for parent corporation and on Form 851,Affiliations Schedule, �b) Enter percentage owned b►---------------11-4---$WT-------Al- for each subsidiary. c) Was the owner of such voting stock a person other than a U.S.person? (See instruction T.) . . . . . . . . . . . X 0 Did you,at any time during the taxable year,have any interest in If"Yes."enter owner's country jo►------------------------------------- or signature or other authority over a bank, securities, or other financial account in a foreign country (except in a U.S. military E, I Did you ever declare a stock dividend? . . . . . . . . . . . banking facility operated by a U.S.financial institution)?If"Yes," J Taxable income or (loss)from line 30, page 1, Form 1120 for our attach Form 4683.(For definitions,see Form 4683.) . . . . . . . taxable your beginning in: 1973_--_--__----_-- ON- 1 R Were you the grantor of, or transferor to,a foreign trust during 1974-------------------------I.Ala_1975----------------ni-too 4- any taxable year, which foreign trust was in being during he current taxable year, whether or not you have any beneficial K Were you a member of a controlled group subject to the provisions interest in such trust? If"Yes,"attach Form 4683.(For definitions, of Section 1561? . . . . . . . . . . . . . . . . . x see Form 4683.) . . . . . . . . . . . . . . . . . X EASTERN PACIFIC. FINANCIAL GROUP 070 8635-14 07 *i�5-X3073052 Form 1120 I Page 4 Balance Sheets eel,mmns of taxable year End of taxable year ASSETS (A) Amount le Total (C) Amount (D) Total 1 Cash . . . . . . . . . . . . �y —7 279 2 Trade notes and accounts receivable . . --------- --------------- �/%// /%//// /�-------------------------- (a) Less allowance for bad debts . . . -------------------------- ' -------------------------- 3 Inventories . . . ---------------------- ------------------------ l 4 Gov't obligations: (a)U.S. and instrumentalities (b) State, subdivisions thereof, etc. / ___________________••____- S other current assets . S T M T 9 - 1 N 0 -- 6 Loans to stockholders . , . , . . . 2 5f# i l 9 f Q 5 2 Mortgage,nd investments . . . .l estate loans ------------------------- / / -------_________ ---------- s vest 9 Buildings and other fixed depreciable assets ---------------------------�//// ���� -----------------Q r b 7 b ��f��/��������J������J� (a) Less accumulated depreciation . . . 2 `!89 7 689 /�JJ/ 20 Depletable assets. . . . . . . , . ------------------------- //���� --------- ��������������������� (a) Less accumulated depletion, . . -- ----------------------- --------------------------- 11 Land (net of any amortization) . . . �/J �/J 12 Intangible assets (amortizable only) ------------------ ----- 171111111171 12 ----------------------------- ------------------------ ��//�////���/�//�/���/��� (a) less accumulated amortization 13 Other assets . . . . . S?MT, 4o SO 14 Total assets. i 504 294t 184 LIABILITIES AND STOCKHOLDERS' EQUITY 25 Accounts payable . . 2-79.336--- 16 Mtges.,notes,bonds payable in le s than l err ------------------------ ------------61 50 -- 17 Other current liabilities 0M T 1 i Id Z f 45 b --------------------------- ------ ------ 18 Loans from stockholders __________________________- - / --------------------------- 20 Other liabilities �� able in 1 yr.or more / / 21 Capital stock: (a) Preferred stock __ ----------- ----------- ---------------- -------- (b) Common stock . . . 1 f 400 1-1000 1 f 000 1 f C00 22 Paid-in or capital surplus . . --- ---------------------- -------------------------- 23 Retained earnings—Appropriated . . . . ----------------`------•- --------------------- i 24 Retained earnings Unappropriated -------------- ---49---- ----------- 209.4 92------ 25 Less cost of treasury stock . . . . . ( �� ZI 26 Total liabilities and stockholders'equit 294 t I e 4 Reconciliation of Income Per Books With Income Per Return 1 Net income per books • • . . . . -------------- � 9b--.. 7 Income recorded on books this year not included l 2 Federal income tax . . 4'649 - -------- in this n (itemize) 3 Excess of capital losses over capital gains -------------------------- (a) Tax-exempt interest S-----.--.--.--------.-.- 4 Taxable income not recorded on books -------------------------------------------------- thisyear(itemize)------------------------- ------------------------------------------------ --------------------------- __- _ __ _ -- - - - 8 Deductions in this tax return not charged aga!nst 5 Expenses recorded on books this year book income this year (terr!ze) not deducted in this return (itemize) (a) Depreciation $ (a) Dep»eiaYOr►S-------------------------- (b) Depletion , $ ......................... (b) Depletion $------------------------ ------------------------ -------------------------- 9 Total of lines 7 and 8 . . . . . . . 6 Total of lines 1 through 5 f 10 Income (line 28, page 1)—I ne 6 less 9. I - 259637 Analysis of Unappropriated Retained Earnings Per Books (line 24 above) 1 1 Balance at beginning of year , , , -49b $ Distributions: (a) Cash 2 Net income per books -----------------��48a (b) Stock ----- . . . , . . . . --------------------------- ` 3 Other increases eternize)................... (c) Property . . . , . .° . ------------- -- - -- i .-. 6 Other decreases (itemize)-_________•______________ i __ ___ ___••______ _ _________ _ 7 Total of lines 5 and 6. . . . , 4 - Total of lines 1, 2, and 3 t y 8 Balance at end of year(Ime 4 less 7) U e 't l + FASTEv-.N PACIFIC. F I NA14C IAL GRCUP 070 8135-14 08 Form 346$ Computation of Investment Credit peknrt;tent of the Treasury ► Attach to your tax return. �n " Internal RMnw Service � Name Identifying number as shown on EASTERN PACIFIC FINANCIAL GROUP page 1 of your tax return FORMLRLY KNCkN AS OARICK CU14ST CO.05-4639LW 95-3073051 1 Use schedule below to list qualified investment in new and used property acquired or constructed and placed in service during the taxable Xeor; and also list qualified progress expenditures made during the 1976 taxable year and qualified progress expend- itures mode in 1974 and 1975 taxable years providing a proper election as prescribed in section 46(d)(6) was made for such prior years. If progress expenditure property is placed in service during the taxable year, do not list qualified progress expenditures for this property.See Specific Instruction for line 1. _ If 100% investment credit is being claimed on certain ships, check this block. 1 `J See Instruction K for details. Note: Include your shore of investment in property made by a partnership,estate,trust,small business corporation,or lessor. j Type of (1) (21 O (41 j property line Life years (See instruction G) plrPentaoge (CColulmn 2 x column 3 (a) 3 or more but less than 5 4t 701 33'h 1_t_5 b 7______, New --------------- ' (b) 5 or more but less than 7 5 s 5 7 7 662/3 3 t 9 8 S piropeirty (c) 7 or more 100 -------------------------------- T llifi 1974 and 1975 (d) 7 or more 20 tisessm res 1976 (e) 7 or more 40 ------------------------------ f Used f) 3 or more but less than 5 331h ---_-----—---------------____. 1 propel ( ) 5 or more but less than 7 662/3 s (See instructions for -------------------------•- j t doom krnitation) Ib 7 or more 100 i 2 Qualified investment—add lines 1(a)thru(h). . . . . . . . . . . . . . . . . . . . . . . . . . 5 55 2 3 1 o%of line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ------------------ S S 5 4 7%(4%for public utility property)of certain property(see Instruction for line 1) . . . . . . . . . . . . . ___________________________________ y 5 Electing corporations with qualifying stock ownership plans—Enter 1%of line 2(see Instruction 1). (Attoch election statement.) . . ------ 6 Carrybock and carryover of unused credit(s).See instruction F—attach computation . . . . . . . . . . . 7 Tentative investment credit—Add lines 3,4,5 and 6 5 5 5 . . . . . . . . . . . . . . . . . . . . . . . Limitation I a) Individuals—Enter amount from line 18,page 1,Form 1040. . . . . . . . . . . . 5 s e 0 4 b) Estates and trusts—Enter amount from line 24 or 25,page 1,Form 1041 . . ----- ---- ------- ------------ } le) Corporations—Enter amount from line 9,Schedule J,page 3,Form 1120. . . . .� 9 Less: (a) Credit for the elderly(individuals only) . . . . . . . . . . . , ________________________________ s ' (b) Foreign tax credit (e) Tax on lump-sum distributions(see instruction for line 9(c)) . . . . - ________________________________ (d) Possession Tax Credit(corporations only) . . . . . . . . . . . . 10 Total—Add lines 9(a),(b),(c)and(d). . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Line Bless line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 s 0 4 12 (a) Enter amount on line 11 or 32s ^^0, whichever is lesser. (Married persons filing separately, } t), z04 controlled corporate groups,estates,and trusts,see instruction for line 12.) . _______________________________. � (b) If line 11 exceeds line 12(a), enter 50% of the excess. (Public utilities, railroads, and airlines see instruction J.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Total—Add lines 12(a)and b 5 r 20 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Investment credit—Amount from line 7 or line 13,whichever is lesser. Enter here and on line 50, Form 1040;lane 10(b),Schedule J,page 3,Form 1120;or the appropriate line on other returns 5 5 5 If any part of your investment in line 1 or 4 above was made by a partnership, b ostatio, .trust, small business corporation, or lessor, complete the following r statement and identify property qualifying for the 7% or 10% investment credit. f Name and address Property (Partnership,estate,trust,etc.) e% eddy„ New i Used Life year It i i i 3 J If property is clispase o dispose of prior to the life years used in computing the investment credit, see instruction E. 1 ; 95-3073052 070 8635-14 09 !`ASTERN PACIFIC FINANCIAL GROUP j CEDERAL CORPORATION STATEMENTS - YEAR ENDING OQ/3A/77 PAGE 1 STATEMENT i - CORPCRATION ONNEPSMIP INFORMATION CORPORATION IS OWNED BY i (A) NA4[ DAVID DOREMMUS ADDRESS CYPRESSV CA SOCIAL SECURITY N0. 569-66-1728 ( 9) PERCENTAGE OWNED 100 PCT -•-------M----M---------------------------------------------------N------ I� I STATEMENT 2 - COST OF OPERATIONS i OTHER COSTS i ABANDONED JOBS t WARRANTY 59227 TOTAL OTHER COSTS S•227** -------------------------------------------------------- --- i STATEMENT 3 - OTHER INC04E OVERHEAD REIMBURSEMENTS 218.200 PAYROLL REIMBURSEMENTS 7.196 TOTAL OTHER INCOME 2259396** 1 I i 95-3073052 070 8635-14 10 - tASTERN PACIFIC FINANCIAL GROUP FFr"E24L CC14PflRATION STATcmFNTS — YEQR E'•JU[Nri 09/30/77 PAGE 2 STATEMENT 4 — TAXES FRANCHISE TAX 200 OTHER 52 TOTAL TAXES 25Z*• ------ ----------------------- ------------------------------------------ STATFMGNT 5 — OTHER DEDUCTIONS TRAVEL COSTS 189582 TRAVEL COSTS—PLANE 21. 349 AUTO EXPENSE 25. 756 DUES t SUBS 29333 SMALL TOOLS 550 PROFESSIONAL FEES 99786 UTILITIES 2, 861 TELEPHONE 995L3 PROMOTION C PUBLIC RELATIONS 2.467 OFFICE EXPENSE 9, o35 DATA PROCESSING 69260 MISC 351 BANK CHARGES 29623 INSURANCE e9953 EMPLOYEE BENEFITS 59821 TOTAL OTHER DEDUCTIONS 126 ,842** --------------------------------------------------------------------------- .t r f 95-3073052 070 8635-14 11 EASTERN PACIFIC FINANCIAL GROUP crnc- RAL CORPORAMiN STATEMENTS - YEAR FNDI %G U9/30/» PAGE 3 STATEMENT 6 - GEPREC IAT ION COST USEFUL DESCRIPTION DATE OR OTHER ACCUMULATED METHOD LIFE CURRENT ACQUIRED edSIS DEDUCTION YRS PCT DEDUCTION AUTO 49300 * 29150 j OFFICE EQUIP 6#378 * 839 TOTAL S 109678** 0** 20989** ------------------------ ------ ---- — ----- ---- — i STATEMENT 7 — NET OPERATING LOSS DEDUCTION i AMOUNT APPLIED AMOUNT AVAILABLE YEAR LOSS SUSTAINED IN PRIOR YEARS FOR CARRYOVER 1975 19004 160 844 TOTAL NET OPERATING LOSS 844** STATEMENT 8 — CONTRIBUTIONS Cf1NTRIBUTIONS QUALIFYING FOR 5 PCT LIMIT 64 TOTAL AMOUNT AVAILA8LE FOR CGNTP16UTION DEDUCTION 64* TAXABLE INCOME SUBJECT T') S PCT LI`4ITLTTr)N 24• 57 3 PCT THEREOF 19243 CONTRIBUTION DEDUCTION 64** -------------- ---------------------------------------------------------- I q,5-3073052 070 8635-14 12 EASTERN PACIFIC FINANCIAL GROUP FrDERAL CORPORATION STATFMFNTC - YEAP ENDING 09/30/77 PACE 4 STATEMFNT 9 - OTHER CURRENT ASSETS BFUNNING OF ENO OF TAXABLE YEAR TAXABLE YEAR PREPAID STATE TAX 200 203 PREPAID EXPE4SES 0 57 LOANS RECEIVABLE-VARIOUS 0 409544 C`lNST IN PROCESS D 59319 DUE-E p LANO DEV 3 1.019 DUE_;EP/SM 0 751484 CUE-EP M-;MT 0 9. 118 DUE-BOWER REALTY 0 419883 j TOTAL rT4ER CURRENT ASSETS 200** 173.624** ------------------------------------------------------------------------ STATEMENT 10 - OTHER ASSETS BFGINNING OF ENO OF TAXABLE YEAR TAXABLE YEAR r.RO CASTS 50 0 SECURITY UEa3SI T-RE'4T 0 996 PROFIT SHARING 0 100 TOTAL OTHER ASSETS 50** 19098** --------------------------------------------------------------------------- STATr"ENT 11 - OTHER CURRENT LIA6IL IT IES 6EGINNIMG -JF Ellvn 9F TAXABLc Y;-AR. TAXABLE YEAR ACCRUED FEDERAL I*:C ;ME TAX 4.649 PAYPO?LL TAXES PAYABLE U 914 CONTRACTS PAYABLE 0 420 DUE-E P DEVELOPMENT 0 1009921 DUE-VTN/E P u 20,403 DUE-PLO/0 0 J 1.602 DUE-E P III 0 539426 DUE-LAMPERT 0 ' 124 TOTAL OTHER CURRENT LIAt3ILITIES 0** 182,456** 25-3073052 G70 8635-14 13 EASTERN 'PACIFIC FINANCIAL GROUP F1�INC^"L CORPORATION STATEMENTS — YFAR ENDIf;j 09/30/77 PAGE 5 STATEMENT 12 — FOOTNOTES CORPORATE OWNERSHIP DAVID DOR.EMUS 100 PCT OF DOREMUS DEVELOPMENTS INC 95-2845276 EASTERN PACIFIC FINANCIAL GROUP 95-3073052 OTHER CUPRENT ASSETS LVANS PECEIVABLE MISC 324 PALMFP 5000 SCOTT/LUNOdLAD 154 VAN TILBEPC 1734 ROUSSELLOT 400 FELTON 5000 EP MFG 1585 J. LISTON 2490 SEIFERT 715 WALLACE 1500 A I S T 4200 YZNAGA 17442 --------------------------------------------------------------------------- s ELECTION FOR APPORTIONMENT OF $50,000 SURTAX EXEMPTION FOR MEMBERS OF CONTROLLED GROUP OF CORPORATIONS Corporation filing original election: Name Eastern Pacific Financial Group Address 5300 Orange Avenue Cypress, California 90630 Taxable year September 30, 1977 Service center where original return was filed: Fresno, California The following corporations, component members of a controlled group of corporations, hereby elect and consent to the following apportionment plan with respect to the $50,000 surtax exemption available as of January 1, 1975 in computing the tax applicable after December 31, 1974 per form 1120-FY. Taxable Apportionment Signature of Corp. Year E. I. of surtax authorized No. Ended Name Number exemption officer (1) 9/30/77 Eastern Pacific Financial Groff 95-3073052 25,000 (2) 11/30/7 Doremus Development Co, Inc. 95-2845276 25,000 (3) (4) (5) (6) i t I f��s i11i1�1■■!11111■i-�►�:■■®1■�11 - - . - ■Ililll■i11��A.1■■1 �■�®■1■II -m-m-00-0 ' Imo, _ �����■'��,����_i •', on MM mull i1�111�i1q !■iAil" �1!■Ilii�il � � i1N111t'i1� e a111111f/■1■�e�l .�' :ili1�IS�i�111��1�1i1I111�i®III iii __!!11IIl�alliA: !�i111111�:■�■oll . , a,. ■��1■■pllla�ilk''-�6�1�1�®■� ■� '�;iLR� I■a■®■ll • __El�WRI�;■1����■i■Iil■■1■�fl _ ��������I i�e6�i i1�111■il®ml■I .!�� i�111 � 1�A�1■ ���i■1�1��1 � •- _ iiliO�lii i� �■i��'� �l� 1lt■I �I :■lilts III,ki A!FmM....a!iit��j1 .� �■IIItN�alillll�■111�■iiN���l ��� �illll�illilll�il11111i�i111111�1 ;O 1111� it1'llll�illli�i■1�1��1 • i111i11?■igi1111�iIl1I ■;iii X11 .►� �i111i11i i1111I1■i1Y.���iW slaw ME OMMEMMMEN'm�-mmmms �ommsommmimmmmmmmi i 1111111111111111101MMINIMmill IMMEMMM NIEEMMMES - OMNI Ell OR -winnommil oil q�ln��l����l mmmimmmmimmmmmmmmii 101111111110 IN �l Elmo, M11110111011 in 10101 MEMMINEINNIMMIN 11U111111 11 Ii, mill ��1�1111111111111111111111111 = �I�IIIIIIIIIIIIIIIIIIINIIII �n���nnnm�nnnnm� " X1111111111111111111111111111 r.��nnm.unn.��nnm �1�11111 111111111111111111 � l+llll l�lll 1111 11111111111 Application for Autial vatic. C—Xtension ov T ibile FJ.T (Roy. f1Jv. 1977) to Filo Corporation Incofnto Tax Potarn ee:srt.aant c1 We Treasury latuna) teaeteae serri:e (Undor soetiaa =1(b) of t,'UO Internal Ravonue Cc.,*) r1o;o: prof:o Guz ra::71 in 'u;iiC3;a. Va the O:td:nJ7 with the Ro%cm;o iaroma tax ic:ur.r; Dist, attach a copy to your income tax return. A Faralty for iailuro to Fay tax viii generaNy be impoxd upon any corporation which files Form 7CZ4 and c:;.;.'t:es;i.;ta;:,1;y Ilan 10,e Q tantati a c.nount of income tax for tlo taxabta year. Sae Instrucuoi, 0. 3.1S?a.LV ?ACI IC i INANCIAL G U? c,.ek type ar number and street i � Form ,.:a Form 112:L 3573 C.0 iLNG A MULEVARD WEST Form 11 Cm = 7 .-n -„ .y or esfeft„ ttaae, a" ::P acre ❑ Form 1120FM ^1 C1c:k 'yore if S.Jr S a�Iv. :.ESr CA 9C�S8 you do not have an office or plo:e of busi. ness in the t.'.S : An automatic 3-mont4 extension of time until ..... ...arC`..........., 19... , is ereby reqy sted in which to file the incorne x of ;tie corporation named above for the taxable year beginning . ...00t. 19 J ..., and ending ...Se,��. _ 2 Cocs this zppncalion also cover subsidiaries to be included in a consolidated return? . . . . . . . . . Yc: '—T ::o ff '"fez," I.4.? ilazto and Ad*ass of Ea--h Member of the Affiliated Group Employer ld3ntification :lo. -------------••........................•--•--•--•---.......-....--------------••-------••---....._...------•----•---......-• -----...._..---------•--------•---------------... -------------•--------------•--•---•---------•-•---------•-----......----......------•----------.....----•-•------•----..... ..................----------•-•--------••-------- 3 50% of the tax tentatively determined to be due(line 3(c)) must be deposited on or before the original due date of the corporation's income tat return. Sae instructions for depositary method of payment. A pssn.:y for failure to Ray tax tAgl racy be lmpolad upon arty carporstlori which files Form 7C.^4 and wtdeveailin by maro than 10%H leRDWI a amount of income tax for the taxable year.See instruction G. (a) Tentative amount of ineonte tax for the taxable yaw tnNudinS any i Minimum tax on tax preference items Personal hoMns company tax f Tax from recomputing a prior year investment credit Tax from recomputing a prior year work incentive(")credit 1 412 Foreign tax credit . . . . . . . . . i'-----------1 3 l Possession tax credit l Investment credit f i wit Now low coed .cam Loos; A OwPlalilat frwc�at,�wFicr�rear ,.,a,gmed as a credit . . . . . . . . ........ 04 EsLtsd teat ,.�. =ts ZC:I'+3) for tits taxable year . . . . . . . ............................i A Loa refund at a Us for the'usrle year e09W for at form 4466 . . '(--------------•-----•--). 04 Credo km std Wndmost txWL-r<es . . . . . . . . ..................-----•--- �oae 440�far M tax at1 zWal hick r:xt5tg mq ps and lubricating oi! . . .40 Solana due . ! 13,412 _ (d) Amount required to he deposited-50% of line 3(c) 6,Mr, Si$natttra(See instruc ' ndef penalties of psryury,I declare that I haw beta authoti:ad by the above-named corpora!ioa to make this apa':a'ion. SRI that to the best of my nowledge aadbe%het the statements made herein are true,correct, and complete. 1 ... ..........: .................. --.-------•----•-----.. .!.t?. �. ..1� � - A Copy of This Appikation Must fie Attachod to the Corporation's Income Tax Return __ - - .r... Form 706- (R... 11-77) .Far,,, 120 U.S. Corporation Income Tax Return For calendar year 1977 or other taxable year beginning 077 Department of the Trsuery — •'laleriral naaonw Senior *'r S_X:,__1_.._.._. 1977, ending ..,��a t.���3i� , 19.Zi (PLEASE TYPE OR PRINT) CAeck M a•— Name r D Emplerer ideatimcefiee w�her A e rotene ❑ 1:f G—♦�GT C_R N {� t�\L 71 tL�1 Al _\ R l_ �.r 1 -f ti i R-1 1 a Per"MI froudiag co.❑ h12 Number and street E Date incorporated busing. Cede Ice. (see g•a 3 7 v L_' hues at iastreuronN City or town,State,and ZIP code F Enter total assets from line 14, column (0). Schedule L(See swific 'v C1 it, l IMhwtiau)'t N11t09T —Fill is aU applicable lines and schedules. It the lines on the schedules are not sufficient,see Instruction N. a Lj 11 S —7�?G 1 Cross receipts or gross Was......................'..............Lass: Returns and allowances.................................... 1 -------------—------------- 2 Less: Cost'of goods sold (Schedule A) and/or operations (attach schedule) . . . 2 3 Gross profit . . . . . . . . . . . 3 4 DWWends(Schedule C) . . . . . . . . . . . . . . . . . . . . . . . 4 S Interest on obligations of the United States and U.S. instrumentalities . . 5 6 Other interest . 6 -----------��M_ 7 Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . 7 __._---•--------__._._ 8 Gross royalties . . . . . . . . . 8 . . . -- ----------------------- 9 (a) Capital gain net income (attach separate Schedule D) . . . . . . . . . . . . 9(a) __—--------—------ __—� (b) Net gain or(loss)from line 9, Part 11, Form 4797(attach Form 4797) . . . . . . . 9(b) _______-------------— 10 Other income (see instructions—attach schedule) . . . . . . . . . . . 10 11 TOTAL income--Add lines 3 through 10 11 12 Compensation of ollicers(Schedule E) . . . . . 12 13 Salaries and wages(not deducted elsewhere)N 4 t4 -�c i21 v C.—Q_C.GCT . !3`t,S.'1 7 . 13 _-- L 14 tlapails (see instructions) . . . . . . . . . . . . . . . 14 is dad debts(Schedule F if reserve method is used) . . . . . . . 15 ifRo . . . . . . . . . . . . . . . . . . . 16 17 Tapes (attach schedule) . . . . . . . . . . . I. 17 li ttsDerest. . . . . . . . . . . . . . i t:. 18 __J --a-- 19 Contribubons(not over 5% of Hm 30 adjusted •on tta h. •) 'S< 19 _M_ eA 20 Amortization (attach schedule) 20 21 Depreciation from Form 4562 (attac _........ less depreciation claimed in Schedule A and el ...............................Balance ► 21 ----------1_l� 22 Depletion . . . . . . . . . . . . . . . 22 23 Advertising. . . . . . . . . . . . . . . 23 24 Pensio r Ice e V Ions) (enter number of plans► 24..............) _._________._______�_____._ 25 Em b p a (se s ctions) . . . . . . . . . . . . . . . u - ------- ��!(--- 26 Other c a edule) . . . . . . . . . . . . . . . . . . . 26 'Q� 27 A ns—Add lines 12 through 26 . . . . . . . . . . . . . . 27 1 U`r. 1 2, 28 Taxable inc re net operating loss deduction and special deductions (line 11 less line 27). . . . . 28 __________�� 4_4et-7___ 29 Less: (a) et operating loss deduction (see instructions--attach schedule) . . 29(s) _ (b) Special deductions (Schedule 1) . . . . . . . . 29(b) 30 Taxable income (line 28 less line 29) 30 31 TOTAL TAX(Schedule J) . . . . . 31 - �� . . . . . . . --- ---_ 32 Credits. (a) Overpayment from 1976 allowed as a credit• . . -----------------__--- (b) 1977 estimated tax payments . . . . . . . . (e) Lass mfuod of 1977 atimsteE tax applied for out Form 4466 • �-- x - (aA Tax deposited with Form 7004 (attack copy) . . . . . . . . . . . --__--_----- (e) Tax deposited with Form 7005 (attach copy) . . . . . . . . . . ............—..... (f) Credit from regulated investment companies(attach Form 2439) (9) U.S.tax on special fuels,nonhighway gas and lubricating oil (attach Form 4136) 33 TAX DUE(line 31 less line 32). e e instruction G for depositary method of payment '34 OVERPAYMENT (line 32 less lira 31) . . . . . . . . . . . . . 34 35 Enter amount of line 34 you want: Cr!td to 1978 estimated tax ► Refunded ► 36 -21 under aitrn of periury. I declare that I hew esemi this return, iecloding accempanriaa schedules cad ststwnsab, and b the Mat of aq nowledp w MIW it is trace, eerred, w Oedarariee Of praparer (other see is hosed • ale iedofmtim N which the Paperer has w tl.ewlarae. Signature of officer a Paid preparers signature and identifying number (sea instructions) -------------------HERRT A-IAMPERT_-CPA---------------------------- 1724 VENTURA BLVD SUITE 704 ' Title Paid pr s 1(yA"F,0k40*ss an f)@@ a*nWc 19Eer) S Form 1120 (1977) Pep 3 Tax Computation 1 Taxable income (line 30, page 1) . . . . . . . . . . . . . . . . . . . . . . . ,3 2 Enter line 1 or$25,000, whichever is lesser. (Members of a controlled group, see instructions) n CSC Z 3 Une 1 legs line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Enter line 3 or$25,000, whichever is lesser. (Members of a controlled group, see instructions) . . . . SLine 3 less line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C 6 20% of line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A-- 7 22% of Ilya 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. z?_7 11 48% of line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C-V 9 Income tax (Sum of lines 6,7 and 8 or alternative tax from separate.Schedule Dr whichever Is law-er). 10 (a) Foreign tax credit (attach Form 1118) . . . . . . . . . . . . ....._........_ ______ (b) Investment credit (attach Form 3468) . . . . . . . . . . . . (c) Work incentive (WIN) credit (attach Forth 4874) . (d) New jobs credit (attach Form 5884) . . . . . . . . . . . . . . "7 11 Total of lines 10(a), (b), (c), and (d) . . . . . . . . . . . . . . . . . . . . . 12 Line 9 less line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Personal holding company tax (attach Schedule PH (Form 1120)) . . . . . . . . . . . . -------------------- 14 Tax from recomputing a prior year investment credit (attach Form 4255) . _ 15 Tax from recomputing a prior year WIN credit (see instructions--attach computation) . . . . . . __---_____------------- 16 Minimum tax on tax preference items (see Instructions--attach Form 4626). . . . . . . . . . 17 Total tax—Add lines 12 through 16. Enter hen and on line 31, pfte 1 . . — ' Record of FedwW Talc Deposits Talc Om Nwinber 503 (Ust deposits in order of dab made—SSoe instruction G) Daft of Amount Do"deposit ^ Of Amount dpk Amount M- --------------------------- v O Did you claim a deduction for expenses connected with: *s No K Were you a member of a controlled Yes NO group subject to the provi- _ (1) Entertainment facility (boat, resort ranch, etc.)? , _ SWO of section 1561? . . . . . . . . . . . (2) Living accommodations (except for employees on business)?. _ If"Yes,"check the type of relationship: 1/a,/ '(3) Employee i families at conventions or meetingst . _ n) ❑ Grant-subsidiary (2) a brother-sister j (4) Employee or family vacations not reported on Form W-2?. (3) ❑ combination of(1)and(2)(Sec section 1563.) Enter total amount of deduction(s)on Form 1120 that are cWmaN L Rahn to age 8 of instructions and state the principal: j% under section 274 (entertainment, gifts, etc) ►..........._.....__... activity....1 .................................. j j H (1) Did you at the end of the taxable year own, directly or roll. Product or servks..�rS:.r,►.S�.Si;.).(�4T!C.!`�............ e rectly,50%or more of the voting stock of a domestic corpora- M Did you file all required Fortes 1087, 1096 and 1099?. . . tion?(For rules of attribution,we section 267(c).). . . . N Were you a U.S. shareholder of any controlled foreign corpora- If"Yes,"attach a schedule showing: j lion? (See sections 951 and 957.) . (a) name,address, and identifying number, j If"Yes,"attach Form 3646 for each such corporation. %% (b) percentage owned; and O Was this firm in business at the end of 19771. (c) taxable income or (loss) (e.g., if a Form 1120: from lira X '� j - flow many months in 1977 was this firm in business?_..1 28,page 1,Form 1120)of such corporation for the taxable j Q During this taxable year,did you pay dividends(other than stock NO year ending with or within your taxable year. / dividends end distributions in exchange for stock) in excess of your current and accumulated earnings and profits? (See sec- (2) Did any individual, partnership, corporation, estate or trust at tions 301 and 316.) the end of the taxable year own,directly or indirectly,50%or more of your voting stock? (For rules of attributioa, see W, If"Yes."fib Form 5452. If this is a eomWidated return,answer tion 267(c).) . . . . . . . . . . . . . 11 each o t and on Form 851,Affiliation Schad- j (a) Attach a schedule showing name, address,and identifying R N for are a fanmrs'coeparaWe,marketing types: loo" number. I ❑ ! ❑ ��� ❑ service ❑ other (explain) ►..................•................................... (b) Enter percentage owned ►...A- Q?7v....................Im_ a Did you,at any time during the taxable year,have any interest in (c) Was the owner of such voting stock a person other than a or signature or other authority over a bank, securitie or other j j j U.S. person? (See instruction S.) . . . . . . , � financial account in a foreign country (excdpt in a U.S. military If "Yes," enter owners country ►.................... M ,i banking facility operated by a U.S. financial institution)? If ' "Yee,"see Instruction r. 1 Did you ever declare a stock dividend?. . . . . T W*m f6 the gt•�of,or traWaror to, a foralgn frost during J Taxable income or loss from line 28, taxable yew, which foreign(loss) pap 1,Form 1120 for your / ' gn trust was in Ming during the taxable ar inning in: aurent taxable year, whether or not you have any beneficial 1974 y. �... , 7 interest In such trust? If "Yes," you may be required to file 1975. 1,.(� y. 117iw� �?. .... Forms 3520.3520--i1,or 926. . . . . . a Form 3468 Computation of Investment Credit R77 oeam nant of the Treasury ► Attach to your tax return. Internal Revenue Service Name Identifying number as shown on page 1 of your tax return NCTtc (LT'L It3zLLFli tdRtVCtR1_ f? ^t.L? 1 S— -L17 'A,C,'_�-s 1 Use schedule below to list qualified investment in new and used property acquired or constructed and placed in service during the taxable year and also list qualified progress expenditures made during the 1977 taxable year and qualified progress expend- itures made in 1974, 1975, and 1976 taxable years providing a proper election as prescribed in section 46(d)(6) was made for such prior years. If progress expenditure property is placed in service during the taxable year, do not list qualified progress ex- penditures for this property. See instruction for line 1. If 100% inwstmsnt credit is Ming claimed on certain ships, check this block. ► E] See Instruction K for details. Note: Include your share of investment in property made by a partnership, estate, trust, small business corporation, or lessor. Type of (1) (2) (3) (4) property Line Cost or basis Applicable Qualified investment Life years (gee instruction G) percentage (Column 2 x column 3) Ne. (a) 3 or more but less than 5 -0, a G 7 331/a propom (_ ) 5 or more but less than 7 _3�� _(__.______ (c) 7 or more 100 Qualified 1974. 1975 and 1976 (d) 7 or more 20 progress expenditures 7971 (e) 7 or more Used (n 3 or more but less than 5 1 I`mot S 331/3 _..___..�,�1.3,� (See instructions for (�� 5 or more but less than 7 662h dollar limitation) 7 or more 100 2 Qualified investment—add lines 1(a)throup (h) . . . . . . . . . . . . . . . . . . $ _ 3 10% of line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .............. a-•-••--- 4 7% (4% for public utility property)of certain property(see instruction for line 1) . . . . . . -------------------------------- 5 Corporations electing the additional investment credit for contributions to Employee Stock Ownership Plans—Attach election statement. (See Instruction 1 and instruction for line 5.) (a) Additional 1% credit—Enter 1% of line 2 . . . . . . . . . . . . . . . . . -------------------------------- (b) Additional credit not to exceed .5%—Enter allowable percentage times adjusted line 2 (attach schedule).. -------------------------------- 6 Carryback and carryover of unused credit(s). See Instruction F—attach computation . . . . . . . 7 Tentative investment credit—Add lines 3 through 6 . fi.imitation 8 (a) Individuals—Enter amount from line 37, page 2, Form 1040 . . . . . . . 7 (b) Estates and trusts—Enter amount from line 26 or 27, page 1, Form 1041. . . "'-"'----- ------ (c) Corporations—Enter amount from line 9, Schedule J, page 3. Form 1120 . . . J 9 (a) Credit for the elderly (individuals only) . . . . . . . . . . . . . ......................... (b) Foreign tax credit (c) Tax on lump-sum distributions (see instruction for line 9(c)) . . . . . . . ......................... (d) Possession Tax Credit(corporations only) . . . . . . . . . . . . . ........................ (e) Section 72(m)(5) penalty tax . . . . . . . . . . . . . . . 10 Total—Add lines 9(a)through (a) . • • • • • _ 11 Line 8 less line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . -R n Z_ 12 (a) Enter amount on lint 11 or $25,000, whichever is lesser. (Married persons filing separately, con- pp trolled corporate groups, estates, and trusts, see instruction for line 12.) . (b) If line 11 exceeds line 12(a), enter 50% of the excess. (Public utilities, railroads, and airlines, see Instruction J.) . . . . . . 13 Total—Add lines 12(a) and (b) 14 Investment credit—Amount from line 7 or line 13, whichever is lesser. Enter here and on line 41, Form 1040; line 10(b), Schedule J, page 3. Form 1120; or the appropriate line on other returns . S as If any part of your investment in line 1 or 4 above was made by a partnership, estate, trust, small business corporation, or lessor, complete the following statement and identify property qualifying for the 7% or 10% investment credit. (Partnership, e, trust, ate.) �ddfm Progress Now U►ed r e4te expenditures ! ! y ars If property is disposed of prior to the life rears used in Computing the investment credit,see Instruction I- Form 3468 (1977) L/J ,.5x84 New Jobs Credit R 77 10..rt•..n{of tA.Tr..11Ny See separate Instructions. ,.0{ 18.0.0• serr,t• )o Attach t0 your tax return. ne I Identifying number as shown on pap 1 of n _ your tax return C A GT G 4L�V Y f IN L_ t �c t� -?<-- ::�-17 3 L� .octant—The employer's wage and salary deduction must be reduced by the tentative new lobs credit on line 13. (Sea Instruction F.) .mall business corporations, partner- other jobs credit will disregard lines 1 Note: It this form is being completed by -s, and estates or trusts which appor- through 13, complete lines 14 through 17. a member of a group of trades or busi. : the credit to shareholders, partners. Or enter the apportioned credit on line 18, nesses that are under common control or eficiaries are to complete only lines 1 19, or 20 respectively and complete the an estate or trust that apportions the new ;ugh 13. The ind vidual shareholder, balance of the form as applicable. Those jobs credit between itself and its benefici. .ner, or beneficiary receiving the credit Individuals having other new jobs credit, aries, see instructioq G and the instruction n the above entities and having no see instruction for line 13. for line 13, before completing the form. Enter the aggregate unemployment insurance wagers (limited to $4,200 for each employee) paid during calendar year 1977 (set instruction for line 1) . . . . . . . . . . . . . . . . . . . ._� ._ _� Enter 102% of the aggregate unemployment insurance wages (limited to $4,200 for each employee) paid during calendar year 1976(see instruction for line 2) . . . . . . . . . . . . . . . . . . Line 1 less line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter 50% of line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter the lesser of line 3 or line 4 . . . . . . . . . . . . . . . . . . . . . . . . --Z Enter total wages paid in calendar year 1977 (see instruction for line 6) . . . . . . . . . . . -__ _ Enter 105% of total wages paid In calendar year 1976 (see instruction for line 6) . . . . . . . . . Line 6 less line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . Enter 50% of the lesser of line 5 or line 8. . . . . . . . . . . . . . . . . . . . . _3<l, _17 Enter,the lesser of line!or$100,000(married individuals firing separately,estates aad trusts,see instruction for line 10). . . _R'/' 5-/ -7 Enter the unemployment Insurance wages(limited to$4,200 for each employee)paid to vocational rehabilita• :;on referral employees during calendar year 1977 (see instruction 0) . . . . . . . . . . . :rater the lesser of (a) 10% of line 11 or (b) 20% of line 9. . . . . . . . . . . . . . . . 'er.tative new jobs credit--Add lines 10 and 12 (members of a group of trades or businesses that are under common control, e'ecting small business corporations, partnerships, and estates or trusts, we instruction for line 13) . . . . . . . . E 1 7 Limitation -,a) Individuals—Enter amount from fine 37, page 2, Form 1040 . . . . . . ;b) Estates and trusts—Enter amount from line 26 or 27. page 1, Form 1041 . 3 7 .'-c) Corporations—Enter amount from line 9, Schedule J. page 3, Form 1120. .a) Credit for the elderly (individuals only). 'b) Foreign tax credit . . . . . . . . . . . . . . . . . . . ,c) Investment credit . . . . . . . . . . . . . . . . . . __--------- J_ct.. d) WIN credit ;e) Contributions to candidates for public office credit (individuals only) _ _ _ _ _ __________________________ J) Child and dependent care expenses credit (individuals only) _ _ _ _ _ _ _ --------------------------- 0 Possession tax credit (corporations only) . h) Tax on lump-sum distributions(see instruction for line 15(h)) - - - - - - - --------------------------- t) Section 72(m)(5) penalty tax . . . . . . . . . . . . . . . . . o. (add lines 15(a) through (i)) . . . . . . . . . . . . . . . . . . . . . . . ine 14 less line 16. (All filers, other than shareholders, partners, or beneficiaries to which lines 18, 19, or t0 apply, are to skip lines 18 through 21;enter zero on line 22,and complete lines 23 through 25). . . . 7 .iharehotder's new jobs credit from Schedule K-1 (Form 11205)(See instruction for lint 13). . . . . . 3artnees new jobs cre tt from Schedule K-1 (Fate 1065)(See instruction for fine 13). . . . . . . . Jeneficiafy's new jobs credit from Schedule K-1 (Form 1041) (See hrstrucUm for line 13) . . . .a) Une 18 limitation (enter the lesser of One 18 or the amount computed in accordance with the formula In the Instrudga for Ewe 21). . . . . . . . . . . . . . . . . . . . . . . . :b) Line 19 kmitation (enter the lesser of One 19 or the amount computed in accordance with the formula In the Instruction for One 21) . . . . . . . . . . . . . . . . . . . . .. . . . c) Una 20 limitation (enter the lesser of One 20 or the amount computed in accordance with the formula in the instruction for fne 21) . . . . . . . . . . . . . . . . . . . . . . . . .dd lines 21(a). (b). and (c) . . . . . . . . . . . . . . . . . . . . . . . . . -ine 17 less line 22 . . . . . . . . . . . . . . . . . . . . . . . . 7 t) - .:.ter the tosser of line 13 or line 23 . 7` [ C- otal allowable new jobs credit (add lines 22 and 24). Enter here and on fine 44. Form 1040; line 10(d), -chedule J. page 3. Forrri 1120: or the appropriate fine on other returns. 7_ '04-1 ♦as soeee con rarrnws oma r•se-oaas-a. orwm 5884 o977) >x f N� rz ,, :It CO Z° �. a i p w it V' f I C c>o y J O 3 I 0 .4 -4 P` > i I x c '4 X00 L D L •a0 r O G J > '� w NON i M ; O Q N ' iii > n NCtt 0r M = Z ;rS 1Coi m �. v 0-7 I C>�n C O \ rz > r- �Z, -4n a w m C• r , .D v >z > ,- a > N r. v > <> c m c w � m _n N" o z � >' c -r� w f` X700-17 It a0>OZn a^C > • i a A =n� n.4.OL <Osi> P:>•Ox a aw = w •az o r Opt °_ � Q_ `_ wr a >-o;> awa„-+ Nn w w R �A>o E.ASTEriN PP,,C- < P71 NA A)--IAL R uhf r / E 5/30/78' _ --T.11._�- i ) v{ j ,I 1 4 II I j 4 31 - 0 v t1�i G P.� ��- - I - - -- - - --- 3 4' i e � _ •� � j i v s 5 7' �1 PS_S2.t�.P11yT`� �.�a = i _ 16�l 7 8. I I I ! 8 F :110 101, I 11 11` kA- 121 14 3 _ ► r i' 13 141! PS�VFC6S\oNpL i I 14 115 1611 ; 16 17 17 � �taTA �.taccSS —� -- __ !Qa - -- 8 - S d -_ 18 i 19 PP_ot t bT\vty 4 !"sr�} l _ �L �Q ---�- 19 40j I I �40 I' TI 144 -44�- -- 431' i43 /� -oa 4 r - -- ------ - ---L.J �.�_1_``1G _.._._ _ � ------'' I IqS 45; Z! • 174 r-- ►/�� - -271 --- �- -- - --L_R1�St�1E4�S1e�t_� ST - - -- ---�.. "r`� 47 48 TOT h I I --- -_. r-- 49 49 -�- ,----*-- -- -;- - -r--*---- 1-- - 30 it i 30 31 ! I j j 31 34 it —� ! 34 34 34 35 ;{ it f j j 35 36 li j i i 136 371 11 I� j jl 37 38 38 it ! 39 ' 39 401 140 41, I "EXHIBIT A" DR`AftT p SITE T SAM-TA TM1 -GTY � C TERSTr�T£ 10 -PWY VICINITY MAP NOT to scnLe OWNE Pf DEVELOPMETIT A Of NCY CITY OF SN`I 5EfKNARDIN0 300 NORTH " D " STREET SN'I BERIIAKDI NO, Ch. 92401 SUbDIVIDE-R fAGTffKN PACIFIC 3573 ChFtUErIGR BLVD. I r-\ /-" A r--i r- r- /"% A. /- fio� " �0 U.S. Corporation Income Tax Return 1@78 Dorertme�of the lrwory For calm r year 1978 or other taxable year oginnina Q Internal Remus Sonny 1978. endin -- ... 19, 1 ......... .... .. floe Nam aaaarlar 'AConsIlldat�.d wba, a Personal Holding Ce. Number and street 9 Date I P ted C Business Code Me. (See Page a of 'e"a) please ,,,� print City town,5�ate,and ZIP code r Inter total easeb(see Instruction A or type. �.�5 F'�+�1 �L S Ck $ 1 Gross receipts or gross Was..........._.._...................Less: Returns and allowances............... 1 .. 2 Lest Cost of goods sold (Schedule A) and/or operations (attach schedu . . . . . . 2 3 Gross profit . . . . . . . . . . . . . . . . . . . . . . 3 l 4 Dividends(Schedule C) . . . . . . . . . . . . . . . 4 S Interest on obligations of the United States and U.S. in ri . . . . . S _ 6 Other interest. . . . . . . . . . . . 6Q�____ a 7 Gross rents . . . . . . . . . A. . . . . 7 _ 8 Gross royalties . . . . . -� 8 9 (a) Capital gain net income (atta �e le D) . . . . . . . . . . 9(a) —_______ (b) Net gain or(loss)from 11, (attach Form 4797). . . . . . _ ---------------------- 10 Other income (see in edul . . . . . . . . . . . . . 10 1 11 TOTAL into A e h o 11 ILI 12 Compensa Sc ul 12 \\ -C'%t 13 (a) I n _. 13(b) Less now jobs credit__......_........_.. Balance ► 13(c) ( s o . . . . . . . . . . . . . . . . . . . 14 ._.� d ( if method Is used) . . . . . . . . . . . . . . 15 16 16 _ 17 T 17 181nt . . . . . . . is 19 Contributions(not over 5%of line 30 adjusted per Instructions— attach schedule) . . . . 19 w 20 Amortization (attach schedule) . . . . . . . . . . . . . . . . . . . . 20 21 Depreciation from Form 4562 (attach Form 4562) ...�,.�C-tr1�.................. less depreciation \ claimed in Schedule A and elsewhere on return.........................................................Balance 10. 21 22 Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 _-------- 23 Advertising. . . . . . . . . . . . . . . . . . . . . . . . . . . 23 24 Pension, profit-sharing,etc.plans(see instructions) (enter number of plans No ..............) 24 _ 25 Employee benefit programs(see instructions) . . . . . . . . . . . . . . . . 26 Other deductions(attach schedule) . . . . . . . . . . . . . . . . . . . 26 — 27 TOTAL deductions—Add lines 12 through 26 . . . . . . . . . . 27 28 Taxable income before net operating loss deduction and special deductions (subtract line 27 from line 11) . 29 Less: (a) Net operating loss deduction(see instructions—attach schedule) 29(a) .......... - (b) Special deductions (Schedule 1) . . . . . . . . 29(b) 29 30 Taxable income (subtract line 29 from line 28) 30 _ 31 TOTAL TAX(Schedule J) . . . . . . . . . . . . . . . . . . . 31 -------- �`�-- 32 Credits: (a) Overpayment from 1977 allowed as a credit. (b) 1978 estimated tat< paymalb . . . . . . . . . i——-—-------- (e) less refund of 1975 estimated tax applied for on Form 4466. ) Tax deposited: Form 7004...�ei��.�P.__ Form 7005 attach __.......... Total --- (e) Credit from regulated inwStment companies(attach Form 2439) . . . . . ____..._._ M U.3.toot a special fuels,noahighway gas and lubricating oil(attach Form 413 32 33 TAX DUE(subbed line 32 from line 31).See instruction G for depositary method of payment. 33 ///; / (Check►❑it Form 2220 is attached-See page of instructions.)►$...................................... �.����//�/i�� 34 OVERPAYMENT (subtract line 31 line 32) . . . . 34 a0 35 Enter angorlt of line 34 u want: fked' d 1979 at •hs Refunded ► 35 Under /eneltlee el fiery, 1 dreive that 1 Aare esamin tbie return, ine� dine eecomraering schedules and statemebb, and to the beet of ray knowledge ad�eliir. It it lre4 garnet, eN Dacleretien er argwor Weir tale iaretl is wall IMenaWon of whkb rroo"has any knowledge. 1 n Der Mte 10, at e 1•aid Neprers Preparers soda)security ne. Cheek If "it- ftp041011's employed 00 13 m' Firs name(or Yoln-hk HERBERT A LAMPERT CPA E.I. No. ► Irtfarmatbn If seK•em l address and ZIP code Date ► SHERMAN OAKSg CALIF 91403 353049 Rorrri I120 MIS) Pea Z Cost of Goods Sold (See instruction 2) IInventory at beginning of year. . . . . . . . . . . . . . . . . . . . . . . . 2 Merchandise bought for manufacture or sale . . . . . . . . . . . . . . . . . . . 3 Salaries and wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Other costs (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Total . . . . . . . . . . . . . . . . . . . . . . . . --------------- 6 Less: Inventory at and of year. . . . . . . . . . . . . . . . . . . . . . . . . . 7 Cost of goods sold—Enter here and on line 2, page 1 . . . . . . . . . . . . . . . . . . • (a) Check valuation method(s)used for total closing inventory: 0 cost 0 Lower of cost or market 0 Other (if 'other," attach explanation) (b) Check if this is the first year UFO inventory method was adopted and used.(If checked,attach Form 970.). . . . . . 0 (e) M the UFO inventory method was used for this taxable year, enter percentage (or amounts) of closing im I vontory computed under LIFO. . . . . . . . . . . . . . . . . . . . . . . (d) Is the corporation engaged in manufacturing activities? . . . . . . . . . . . . . . . . 0 Yes 0 No H"Yes,"are inventories valued under Regulations section 1.471-11 (full absorption accounting method)?. 0 Yes 0 No (e) Was them any substantial change in determining quantities,cost,or valuatim between opening and cbsing inventory?. 0 Yes 0 No If"Yes," attach explanation. Dividends (See instruction 4) 1 Domestic corporations subject to 85% deduction . . . . . . . . . . . . . . . . . . . _—__-�- 2 Certain preferred stock of public utilities . . . . . . . . . . . . . . . . . . . . . . 3 Foreign corporations subject to 85% deduction . . . . . . . . . . . . . . . . . . . . 4 Ghddends from wholly-owned foreign subsidiaries subject to 100% deduction (section 245(b)) . . . . . Other dividends from foreign corporations . . . . . . . . . . . . . . . . . . . . . . 4 Includable income from controlled foreign corporations under subpart F(attach Forms 3646) . . . . . . 7 Foreign dividend gross-up (section 78) . . . . . . . . . . . . . . . . . . . . . . . • Qualifying dividends received from affiliated groups and subject to the 100% deduction (section 243(a)(3)) 9 Taxable dividends from a DISC or former DISC not included in line 1 (section 246(d)). . . . . . . . . 10 Other dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Total—Enter here and on line 4, page 1 • Compensation of Officers (See instruction 12) 3. Time Percent of corporation 6. Amount of 7. Expense awnunt 1. fiance of offiear 2. Social security number devoted to stock o.ned cem,e-satioe a,,3wances –business 4. Common 5. Preferred --------------------- ---------------- ---_—____.-- — -_ ____ --------------_---._--- -- ---- - Total compensation of officers—Enter here and on line 12, page 1 Bad Debts—Reserve Method (See instruction 15) Anrount"tied to resent L Yefr L Trf/e rtotts aid a m, is te- j, Sa1M M aCCOUpt 4. CurrtM ptir't 6.4moLnt chased i 7. ReserWarh"Jobts uivaON eotstMeing of said of reef Prai.W00 S. Recoveries ria.vt rrsm.• at end of rear 1973 1974 1976 197'8 �31.111 Spe" Deductions 1 (a) 85% of Schedule C, "no 1 . --- (q 6022089 of Schedule C.fine 2. (e} 85% of Schedule Ce line 3. . . . . . . . . . . . . . . . —V_-_-- (1Q. 10096 of Schedule Q Mine 4. w a . . . . . . . . . . . . . Todd--e/ee katrucdeo�.ns for firrAnOorr. .". • . . . . . . . . . . . . . . S 100%of Schedule Mr Ilm S. . • . . . . . . . . ...�.._- 4 Dividends paid on certain preferred stock of pub8e frtiolles(see kw&udlons). . . . . . . . . . . . _ Q 1Nestem Hemisphere trade corporations (see InstruetloneV . . . . . . . . . 4 Total special deductions—Add lines 2 through&Enter here and on Ilne 29(b), e 1 . f=ore u2O n9m I&VITMENE Tax Computation t>'ase 3 (Racal year corporstloea.omit lies 1 thoagh l and eater ea gee 9,the am"at free Fora 1124-FY(197><-711.Nor S.Mt IIJ) I Taxable Income (line 30, page 1) . . . . . . . . . . . . . . . . . . . . . . . -_ 2 Eater line 1 or=25,000,whkdcsm is lea(Members of a controlled group enter one-balt of soda allocation,tae instructions)• . 3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . 4 Enter line 3 or$25.000,whichaver Is lea (Members of a controlled group enter one-half of surtax allocation,see instructions). 5 Subtract 4 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . 6 20% of line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..� 7 22% of line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ----- • 48% of line 5 . . . . . . . . . . . 9 Income tax(Sum d lines 6,7.and 8 or alternative tax from separate Schedule M whichever to leas) .14 10 (a) Foreign tax credit (attach Form 1118) . . . . . . . . . . . . ___-_ (b) Investment credit (attach Form 3468) . . . . . . . . . . . . . _----- (c) Work incentive (WIN) credit (attach Forth 4874) . . . . . . . . (d) Now jobs credit (attach Forth 5864) . . . . . . . . . . . . . . -a��------ 11 Total of lines 10(a), (b). (c), and (d) . . . . . . . . . . . . . . . . . . . . . . 12 Subtract line 11 from line 9 . . . . . . . . . . . . . . . . . . . . . . . . . _ - 13 Personal holding company tax (attach Schedule PH (Form 1120)) . . . . . . . . . . . . . 14 Tax from recomputing a prior year investment credit(attach Form 4255) . . . . . . . . . . . 15 Tax from recomputing a prior year WIN credit(see instructions^-attach computation) . . . . . . . 16 Minimum tax on tax preference items (see instructions--attach Form 4626) . . . . . . . . . . 17 Total tax—Add lines 12 through 16. Enter here and on line 31, page 1 . OREEMM Record of Federal Tax Deposits Tax Class Number 503 Date of deposit Amount p,bt depeaits in order d dab rsadia—sa instruction 6) Deb of deposit Amount Date of deposit ArwwrR _� NO O (1) Did you claim a deduction for expenses connected with: Yes (e) ��gh:amount&1 owed 871.6_such owner during I1%" (a) Entertainment facility (boak resort, ranch,etc.)? . . . (Nob: For purposes of H(1) and H(2), "highest amount owed" (b) Living accommodations (except for employees on busi- includes Irons and amounts receivable/payable.) now)? . . . . . . . . . . . . . . 1 Did you ever declare a stock dividend? . . . . . . (c) Employe': families at conventions or meetings? . J Taxable income or (loss) from Form 1120, line 28, page 1, for If "Yes," were any of these conventions at meetings outside %//. your tax year binning in: �G the United States or its possessions? . . . . . . . 1975...... AO'�1. (d) Employee or family vacations not reported on Form W-2?. K Were you a member of a controlled group subject to the pmW- ti (2) Enter total amount claimed on Form 1120 for entertainment, lions of section 1561?If"Yes,"check the type of relationship. (1) parent-subsidiary (21 brother•sister entertainment facilities, gift, trawl, and conventions d the j� ❑ � � 1/w// /type for whieb substantiation is required sectia /i (� ❑ combinatiot of (1) and (2) (See section 1563.) -/ 274(d). (See isstnioetia Y.) ► .__ L Refer to page 8 of ' sER- activity nd state the principal: Al a `Business ... -. �(1) Qid you at the end d Me taxable year own, directly a indt- ��%� Product or service ..... ..._. .. .p`��.. recdy, 50%or more d the voting stock d a domestic coryo- / ... .......... ;.a? (For ruin of attribution,see section 267(c).) . . . I M Did you file all required Forms lOR7. 1,096 and 10991 . . . N"Yes," attach a schedule showin ' N Were you a U.S. shareholder or any controlled foreign corpora- If p) name, address, and lion?(See sections 951 and 957.) If"Yes,"attach Form 3646 for identifying number, (b) percentage owned; (c) taxable each such corporation . income or (loss) (9.g.. d a Form 1120: from Form 1120, line ' 2% pap 1) of such corporation for the taxable year ending O Did you,at any time during the taxable year,haw an interest in you to _ ye highest amount owed by / r with a within your taxable year; (d} hi j leerily ar signabue or other out own a bank securities mother man unt owed to such during the ring the)yew. / thiancial account in a foreign country (no instruction 1)? M Did may ladhridual, peftenhlp,corporation,stab or frost at / P Ware you the grantor d,or transferor to,a foreign trust during the and of the taxable year own, directly or Indirectly, 50% an taxable year, which fo eip trust was In being during the ar elan at your voting slack? (For runts d aftributim see section 267(04 If"Yak" complete (a) dnugi (e) . . . current taxable year. whether or not you haw may beneficial W Atta h a sdsdule showing aase, addfeak mad W=W interest in such trust? If 'Yak" you any be ^periled to file Mg number, (b) Eater puarttep oned 0-1=% it Forms 3520, 3520-A or 926. . . . . . . . . . (e) WU the owner of suds loft stect a person otrsr than .�' / Q During this taxable year.did you pay dividends(oilier that hock a a,S,paw(San instructim P. . . . . . . dividends ad distributions in exchange for docio in ,seas of M"Yak," ate^ands F rfry 10 ` yew wheat and ammulaW aaraiap ant PWW One :ac- tions 301 and 31Q . . . . . . . . . . . . ----_---___/ If"Yee file Fam 5452. 8 thin Is a consolidated rabu%aaawar 40 ENV hVda stoat owee by IN it suer Owner Eft a hen fa parent ee w lion and an Fonn 851.A11111iauea Sdbd• / ere for web Subsidiary. /. Form 1120 (197 ►sae 4 Balance Sheets eaainnlna of taxable year End of taxable year . ASSETS UU Amount (8) Total (0 Amount M) Total 1 Cash ��%�%% ��� / / /r ///� % 2 Trade notes and accounts receivable -------------- ---. ........_..-----...-- (a) Less allowance for bad debts . . . ................... __— 3 Inventories . . . . . . . . . . jj ............................ ..........---------- 4 Gov't obligations: (a) U.S. and instrumentalities .......--------------------- %,i ; ------------------_------ (b) State, subdivisions thereof, etc . . ! ............... r / S other current assets(attach schedule) . . . % ._....�10,-� ...... 6 Loans to stockholders. . . . . . . � iij -----.�.�����_..._ ---- 7 Mort M and real estate loans . . . . . „ ------ ........ j j % ! /j .....................� 8 Other Investments (attach schedule) % % / jam! ��� �j . / I .. i j// 9 Buildings and other fixed depreciable assets __..'�S.d�_ ------ ------- �i/%�%%�i%%%. •------`� b3- .----- i/ � (a) less&=mutated depreciation . . . . \`�1j� a0 �9_.._. y q•� --- 10 Depletable assets. ----------------------- i �/// ---------------------------- mom (a) Less accumulated depletion . . . . . __....................... .................—...— 11 Land(net of any amortization)sse , 12 Intangible assets (amortizable only) . -----_. ��������'������%._.......------------------ (a) Lou accumulated amortization . . . . ---------•--------------- ------------- 13 Other assets (attach schedule) . . . . . /j `' ,%.' _ 14 Total assets ;� / / /'//%/ LIABILITIES AND WWAMMEW EQUITY 15 Aao(uds payable. / •___ 16 Mtpst.,rote;bonds payable In less than i yr. --------------a-- ---� j.—---------- -- -- ---- 17 Other current liabilities (attach schedule) . . . j -------- �.b_ j a from stockholders . /.-------------------------- //% ,,, %. - � -------------------------- 18 Loans ro 'Z 19 Mtges.,notes,bonds payable in 1 yr.or more j ij -----------•------------- /, - - - - - 20 Other liabilities (attach schedule) . . . . . / - % //iiiii%%/i%�i//�� - ,_ -- %%�%%/%%%%%/i,.--------- --------------- % 21 Capital stock: (a) Preferred stock _____________________ . (b) Common stock . . . . . -------- ---•---- - %\,zi'oi J 7% - — ------. 22 Paid in or capital surplus ! j..i -•----•--.._... i/ 23 Retained earnings—Appropriated(attach sch.) -• -- - 24 Retained earninP—Unappropriated ��//� / /'j ----- �i►�'7�..-- � .�-r.-•-- i 25 Less cost of treasury stock 'j (— �+ ) 26 Total liabilities and stockholders' equity � Reconciliation of Income Per Books With Income Per Return 1 Net income per books . . . . .__.�.�0 7 Income recorded on books this year not in- - ��.11 ��-11- 2 Federal income tax . . . . . ____. 7_ L_L_____ eluded in this return (itemize) 3 Excess of capital tosses over capital gains . . . . -------------------------- (a) Tax-exempt interest S-------—-------- 4 Income subject to tax not recorded on books this year ------------------------------------------------ Cdernize)w._...�_--- •--- -------------------- ---------------------------------------------- -------------- -----—--------------------------------- q ------------------------------------------------ -------------------•---- 5_ �sAA?_ _w__— ___._._ �.1VA----• 8 Deductions in this tax return not charged S Expenses recorded on books this year not deducted is against bock income this year(itemize) thit return (itemize) (a) Depreciation _...................... (a) Depreratim . . . _.._....._.._.._.. (b) Depletion. _........................ (b) . . . . . ------------- ------------------------- -~ 9 -_._w--Total of lines 7 and 8 . — 6 ToW of lion 1 througA 5 ...— 10 Income (line 28, page 1)—line 6 less 9 Anlalysis of nappropriated Retained Earnings Per Books (line 24 above 1 Bala=nce at betiaain8 of par . . . . . . . ._ ?S_.t _ S Distributions: (a) Cash . . . . . . 2 rest keooala per boob . . . . . . . . . .____�\O1p _-- (b) Stock . . . . . .t _ a met ilaa m(Rwdne) (e) Property . . . . . —.__... 6 Other decreases ab mize . F\Z ......�.._�. ._.__.__.._ 7 TotN of 1ma S.aed 8......_...._. _ 4 Toll of Imes 1,2, and 3 . a Balance at end of year(line 4 less cr U.S. G0vEP%%CNT PRINTING OFFICE: 1978-263-101 E.1. 13-3737287 Revised in Accordance With Revenue Act of 1978 P. 1120-Ft- Corporation Fiscal Year f� FY a"'r`ei1i1M Tte'° Tax Computation Schedule '�""`"""�"`°' 1978-79 10, Attach to your tax rehm is schedule is to be used in lieu of certain lines of the Tax mputatlon Schedule on 1978 Forms 1120, 1120F, 990-0, 990—T and Schedule 0 (Form 1120). Name Geptoyer idellbft&tWn number �- CIS-NZ,►J 4-1 \F1c._ 9S-3��-I'x7Sa• Address(Number and stmet) pty or tam.State.and IP code o N rsia—t, GPI �i O xnputation of Regular Tax Computation at Tax Rates Applicable Before 1/1/79 Form 1120, line 30, page 1 . . . . Form 1120F, line 30, page 3. 3'1 j ( A.pose 3)• 1 Taxable irttrortre Form 990-0, line 30, page 1 . � � � � sw Iron ' Form 990-T, line 6, page 1 (see instructions) 2 Enter line 1 or $25,00^ `ichever is less. (Members of a controlled group enter one-half of surtax allo• cation, see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . 1 * _ 4.Enter line 3 or $25.000, whichever is less. (Members of a twrtrolled group enter one•Mlf of surtax aUo- catioa. see instructions) . . . . . . . . . . . . . _ o S Subtract line 4 from line 3. . . . . . . . . . . . . . . . . 6 20% of line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 22% of line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 48% of line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . O _ 9 Total of lines 6, 7 and 8. If applicable.enter here and on line 1, Part III . Computation at Tax Rates Applicable After 12/31/78 10 Enter amount from line 1, Part 1 (see instruction A. page 3) . . . . . . . . . . . . . . . 13�.,3 11 Enter line 10 or$25,000,whichever is less. (Members of a controlled group. an instructions) . . . . 12 Subtract line 11 iron line 10 . . . . . . . . . . . . . . . . . . . . . . . 13 Enter line 12 or$25.000,whichever is less,(Members of a controlled group,see instructions). . . . . 14 Subtract line 13 from line 12 . . . . . . . . . . . . . . . . . . . . . . . . 15 Enter line 14 or$25,000,whichever is less.(Members of a controlled group,see instructions). . . . . _ 16 Subtract line 15 from line 14 . . . . . . . . . . . . . . . . . . . . . . 17 Enter line 16 or$25.000.whichever is less.(Members of a controlled g+�a see Webuctions). . . . . 1S Subbvd Ora 17 from line 16. . . . . . . . . . . 19 17% of a" 11 . . . . . . . . . . . . . . . . . . . . . . . a 20 20% d line 15 . . . . . . . . . . . . s; ca r.. . . . . . . . . . 21 30% as tltte 1s. . . . . . . . . . . i22 40% of Nne 17 . . . . . . . . . . . .. .. ....�.��..._ . .. ._ . :' J 28 46% of Ilea 19 • � ;•y '2 '. ` . •' i 34� Totel of liras 19 through 23.If applicable,ertM here and on nnt J�rt 0. •'.�����^` Pier- am-m _ _ �,�: •�>c�-'s�!!�'#�3e-�i+•.r X31 ,s.•.. . . .- . . . - 114 Computation of Alternative Tax Computation at Tax Rates Appht"8iafore!/1/79 1 Taxable income (Nne 1. Part 1) . ' . . . . . . . . . . . . . . . . . 2 (a) Excess of mat long-term capital gain over net short-term capital loss(Schedule D,line 8.column f). g D is Y W completed • (b) Excess of net long-term capital pin over an net short-term capital loss on transactions after December 31. 1978, but not more than the amount entered on line 2(a) (Schedule D. line 8. column 10 . . . . . . . . . . . . . . . . . . . . . .I X (e) Subtract line 2(b) from line 2(a) . . . . . . . . . . . . . <• >,. / 3 Subtract line 2(a) from line 1 . . . . . . . . . . . . . . . . . . . . . . . . 4 Enter line 3 or$25,000, whichever is less. (Member of a=*WW groux no iustruoboes for liars 2 and 4.Part 1) . ! Subtract line 4 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . 6 Enter line 5 or$25,000,whichever is less. (Member of a coetrolled S MW see imbaetions for lines 2 and 4,hrt 1) . 7 Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . 8 20% of line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 229: of line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 48% of line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 289(of line 2(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 30% of line 2(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Alternative tax-total of lines 8 through 12. If this amount is less then the regular tax on line 9, Part 1. enter here and on line 1. Part 111 . . . . . . . . . . . . . . . . . . . . . . . . Computation at Tax Rates Applicable After 12/31/78 14 Taxable Income(One 10. Part 1) . . . . . . . . . . . . . . . . . . . . . . . . 18 (a) Excess of net long-term capital gain over net short-term capiW loss(Schedule D.Urn B.column f). (r) Excess of not long-term capital gain over any net short-term capital loss on transactions completed after December 31. 1978. but not more than the amount entered on line 15(x) (Schedule D. line column . . . . . . . . . . . . . I (c) Subtract line 15(b) from line 15(a) . . . . . . . . . . . . �.. 16 Subtract line 15(a) from line 14 . . . . . . . . . . . . . . . . . . . . . . . . 17 Enter line 16 or$25,000, whichever is less. (Members of a controlled group, see instructions for lines 11, 13, 15, and 17. Part 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Subtract line 17 from line 16. . . . . . . . . . . . . . . . . . . . . . . . . 19 Enter line 18 or $25,000, whichever is less. (Members of a controlled group. see instructions for lines 11. 13. 15, and 17, Part 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Subtract line 19 from line 18. . . . . . . . . . . . . . . . . . . . . . . . . 21 Enter line 20 or$25,0 +0, whichever is less. (Members of a controlled group,see instructions for lines 11, 13, 15. and 17. Part 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Subtract line 21 from line 20. . . . . . . . . . . . . . . . . . . . . . . . . 23 Enter line 22 or$25,000,whichever is less. (Members of a controlled group.we instructions for lines 11. 13. 15. and 17, Part 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Subtract line 23 from line 22. . . . . . . . . . . . . . . . . . . . . . . . . 25 17% of line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 20% of line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 30% of line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 400,0 of fine 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 46% of line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 28% of line 15(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 3096 of pure 15(e) . c 32 Alternative tax-4otnl of lines 25 through 31. If this amount b kws then the regular tax on line 24. Part 1. errter here and on One 3, Part Ill. BULIM Proration of Tentative Taxes 1 whichever a(regular tax from One 9. Part 1 or aftermative tax from One 13.Part 14 �10� )) �. . . . . 2 Portion of t r+tautfw tax before 1/1/79-see instructions for computation. . . . . . . . s•Tsnlallva tlol(regular tare f m Nne 2K„Part 1 or altematM tax from One 37.Part IL rlfl+lahe>~: • . .� . LA-6 3a'1 4 Portion of Im Is Na tax after 12/31/78--era bmtrvWans 1w compubtion. . . . . . . . Form 1120. line 9. Schedule J, page 3 9 Incorne tax-edd Irmo 2 and 4.Enter hen and oft Form 11201'.line 9,Schedule J.pep 5: Form 990-0 Una 6. Schedule J.page 3. /y,�y"����r>;:/.r�,;• Form 990-T, line 13. page 1 iss-ail-i Ferro 3468 Computation of Investment Credit 0-p-I arK sf Ise Treasery b. Attach to your fez mtla m 1@78 lalweal Ilweew genie. Hann Identifying number as drown on pep 1 of your �-r�.a �����t.�p,,,�c.�+�l,� Gl�� tea reuurn 9�•3�Z3�Sa► 1 Use the format below to list qualified investment in new and used property acquired or constructed and placed in service during the tax year.Also list quali- Prod progress expenditures made during the 1978 to year and qualified progress expenditures made in 1974, 1975, 1976, and 1977 if you made the proper election prescribed in section 46(d)(6)for those tax years. If progress expenditure property is placed in service during the tax year,do not list qualified prog- ress expenditures for this property.See instruction for line 1. H you we clalmlrlg 1000% Imiestmiant credit on certain shl^ check this block► []. See Instruction K for debiis. Nob. Include your share of investment in property made by a partnership, estate, trust, small business corporation or lessor. TYve of W (2) (3) (IS) OroWft Line We years Cost or basis Applicable Qualifi( investment (see instruction G) percentage (Column 2 x column 3) Now (a) 3 or more but less than 5 ��,S 331/3 P"m,Y (b) 5 or more but less than 7 662/3 (e) 7 or more 100 QwlilMd 1974, 1975.1976 eN 1977 (d) 7 or more 20 ea>pendlRrns 1971 (e) 7 or more 80 property losb 3 or more but less than 5 331/3 — — (See Instructions for (g 5 or more but less than 7 662/3 dollar limits) (h) 7 or more 100 2 Qualified ink lines 1(a)through (h) (see instruction M for special limits) . . . . . . 10% of line 2. . . . . . . . . . . . . . . . . . . . . . . . . 4 7% (4% for publk utiift property)of certain property (see instructions M and N) . . . . . . . --~- S Corporations electing the additional investment credit for contributions to Employee Stock Ownership Plans--Attach election statement(see instruction I and instruction for line 5) (a) Additional 1% credit—Enter 1% of line 2 . . . . . . . . . . . . . . . . . (b) Additional credit(not more than .5%)--Enter allowable percentage times adjusted line 2(attach schedule) . . . 6 Carryback and carryover of unused credit(s)—Attach computation (see instruction F) . . . . . . 7 Tentative investment credit—Add lines 3 through 6 . 8 (a) Individuals—Enter amount from Form 1040, line 37,page 2. . . . . . . . (b) Estates and trusts—Enter amount from Form 1041,tine 27 or 28,page 1 . __________ ��! ____- (c) Corporations—Enter amount from Schedule J (Form 1120), line 9, page 3 . 9 (a) Credit for the elderly (individuals only) . . . . . . . . . . (b) Foreign tax credit . . . . . . . . . . . . . . . . . (c) Tax on lump-sum distributions(see instruction for line 9(c)). . . . . . .___–...... (d) Possession tax credit(corporations only) . . . . . . . . . . . . ......................... C (e) Section 72(m)(5) penalty tax(individuals only) . . . . . . . . 3 10 Total,--Add tines 9(a) through (e) . . . . . . . . . . . . . . . . . . . . . S 11 Subtract line 10 from line 8 . E 12 a Enter smatter of line 11 or$25,000. See instruction M for special• limits..Married • g � ( ) ( persons filing separately, controlled corporate groups, estates, and trvvft see instruction for line 12.) . . . _______� - - ----------- (b) If line 11 is more than line 12(a)and your tax year ends in 1978,enter 50% of the excess(if your tax year ends in 1979,enter 60%of the excess).(Public utilities,railroads,and airlines,see instruction J.). 13 Total,—Add lines 12(a) and (b) . . . . . . . . . . . . . . . . . . . . . . 14 Enter smaller of line 7 or line 13. . . . . . . . . . . . . . . . . . . . . . 18 Subtract line 14 from line 11 . . . . . . . . . . . . . . . . . . . . . . 16 Enter energy property credit from line 3 of Schedule B (Form 3468) . . . . . . . . . . 17 Enter smaller of line 15 or line 16(if there is no entry on line 16.enter zero). If Total lawstrnent Credit---Add lines 14 and 17. Enter here and on Form 1040, line 41;Schedule J (Form 1120),line 10(b). 3;or the appropriate line on other returns. r If Illy Put of your Wilestrneat in line 1 or 4 abode was Trade by a Partnership,estab,trust.Snell business corPM5046 K user, coelpieb the following state(neet aced identify pfoperll gwlifYint for the 7% or 10% investineat t Wk- fb= Ariest heperty ( pbt*erablR..tree,tryst gee,) eocPa"ituurres NeW Used We " 8 property a d'aposed et prior b the life year:used in figuring the imestntes txedit,sM Wbuctiop E sorm 3468 um) oa'v*•w:,rrl- ,a,�_n. �..,.o—nn.noon.on♦ 5884 New lobs Credit lip- See separate Instructions. ::=am Of" TF01e911117 su.+aa Attach to your tax return. Nsma Identifying number as shown on pegs 1 at 3!ow tax MUM °I Important—The empioWs wage and salary deduction must be reduced by the tentative new jobs credit on line 13. (See Instruction F.) Snap business corporations, partner- other cabs credit will disregard lines 1 Note: If this form is being completed by ships, and estates or trusts which appor• throug 13, complete lines 14 through 17, a member of a group of trades or busi- tion the credit to shareholders.partners,or enter the apportioned credit on line 18, nesses that are under common control or beneficiaries are to complete only lines 1 19, or 20 respectively and complete the an estate or trust that apportions the new through 13. The Individual shareholder, balance of the form as applicable. Those jobs credit between itself and its benefici• partner, or beneficiary receiving the credit individuals having other new jobs credit. aries, see instruction G and the instruction from the above entities and having no see instruction for line 13. for line 13, before completing the form. 1 Enter the aggregate unemployment insurance wages (limited to $4,200 for each employee) paid during calendar year 1977 (see instruction for line 1) . . . . . . . . . . . . . . . . . __.__�__._�___._ 2 Enter 102% of the aggregate unemployment insurance wages (limited to $4,200 for each employee) paid during calendar year 1976(set instruction for line 2). . . . . . . . . . . . . . . . . 3 Una 1 less line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Enter 50% of One 1 . . . . . . . . . . . . . . . . . . . . . . . . . 5 Enter the lesser r''. 3 or line 4. . . . . . . . . . . . . . . . . . . . . . 6 Enter total wages paid in calendar year 2977 (see instruction for line 6) . . . . . . . . . . . . ..._______---------__.- 7 Enter 105% of total wages paid In calendar year 1976 (see instruction for line 6) . . . . . . . . 9 Une 6 less line 7 . . . . . . . . . . . . . . . . . . . . . . . 9 Enter 50% of the lesser of line 5 or line 8 . . . . . . . . . . . . . . . . . . . . . 1Q Eder the ksser of few 1 er=100,000(married individuals filing separately,s=tates and trusts,see instruction for One 10). . . _ 11 Enter the unemployment insurance wages(limited to$4,200 for each employee)paid to vocational rehabilita- tion referral employees during calendar year 1977 (see instruction t)). . . . . . . . . . . . . 12 Enter the lesser of(a) 10% of line 11 or(b)2O% of line 9. . . . . . . . . . . . . . . . 13 Tentative new jobs credit—Add lines 10 and 12(members of a group of trades or businesses that a r co mm coon 1 electing small business corporations, partnerships, and estates or trusts, see instruction for line 13) :� aG. Oa Limitation 14 (a) Individuals—Enter amount from line 37, page 2, Form 1040 . . . . . . . . (b) Estates and trusts—Enter amount from line 26 or 27, page 1, Form 1041 . (c) Corporations—Enter amount from line 9, Schedule J, page 3, Form 1120. . 15 (a) Credit for the elderly (individuals only) . . . . . . . . . . . . (b) Foreign tax credit . . . . . . . . . . . . . . . . . . . _ T (c) Investment credit . . . . . . . . . . . . . . . . . . . _� !o~w_-• (d) VAIN credit . . . . . . . . . . . . . . . . . . . . . . _•-__ (e) Contributions to candidates for public office credit(individuals only). . . . . (f) Child and dependent care expenses credit (individuals only) . . . . . . W Possession tax credit (corporations only) . . . . . . . . . . . . . (h) Tax on lump-sum distributions(see instruction for line 15(h)). . . . . . --------- (I) Section 72(m)(5) penalty tax . . . . . . . . . . . . . . . . . 16 Total (add lines 15(a) through (i)) . . . . . . . 3�lo 17 Une 14 less line 16. (All filers, other than shareholders, partners, or beneficiaries to which lines 18, 19.or %Cky 20 apply,are to skip lines 18 through 21;enter zero on line 22,and complete lines 23 through 25). . . . 18 Shareholders new jobs credit from Schedule K-1 (Form 11205) (See Instruction for line 13). . . . . 19 Partners new jobs credit from Schedule K-I(Form 1065)(See instruction for One 13). . . . . . . 20 Beneficiary's new jobs credit from Schedule K-1 (Form 1041) (See instruction for line 13). . . . . . 21 (a) Une 18 limitation (enter the lesser of Ii a 1Q�orr the ama it computed In accordance with the formuls �-�'� In the hrsbudion for IMe 21).'�.��^.�"At!� . . . . . . . . . . �1�`! p) Une 19 Mdtation (enter the lesser of One 19 or the amount computed In accordance wft the f.cnwta . M Vw lust action for ire Zl) . . . . . . . . . . . . . .- W Une 20 Ilrnkatbn (enter the lesser of One 20 or the amount computed In accordance Wth the No- In thin Mstruction for Ins 21). . . . . . . . . . . . . . . . . . . . . . LAIL 22 Add Mutes 21(0). Cb). and (c) . . . . . . . . . . . . . . . . . . . .. . . 23 Urte 17 less line 22 . . . . . • e • • . . . •• • • 24 fides the hisser of tine 13 or One 23. . . . . . . .' . 25 Total allowable stew jobs credit (add lines 22 and 24). Enter hen and on tine 44. Form 1040; Mme 10(d)6 Schedule J.page 3. Forni 1120;or the appropriate line on other returns. 1 235-toe-1 11 as sevowron PMnrrc WV I nrr-o236-31" rom 5884 t1977) EASTERN PACIFIC FINANCIAL GROUP NEW JOBS CREDI. -ARRYBACK 95-3073052 AVAILABLE FOR CARRYBACK $ 27,012 APPLIED TO FYE 9/30/75 0 APPLIED TO FYE 9/30/76 0 APPLIED TO FYE 9/30/77 - Sea 5884 (1) 4,649 AVAILABLE FOR CARRYFORWARD $ 22,363 ELECTION FOR APPORTIONHZNT OF $50,000 SURTAX EXEMPTION FOR K&M M S OF CONTROLLED GROUP OF CORPORATIONS Corporation filing original election: Iisat �aSTSRN�) pee.►G�e.1r►w1Rw�GiAt. �.ROu�P Address 3513 CA*u6.t^NkA !%%-Vb. UbESe Lo% A ►a.•-es , cw gboLB Taxable year '5C"*n►g4c9. 304 V"t Service center where original return was filed: r.2QS�10 The following corporations, component members of a controlled group of corporations, hereby elect and consent to the following apportionment plan with respect tothe $100,000 surtax exemption available as of January 1, 1979 in counputing the tax applicable after December 31, 1976 per form 1120-FY. Taxable Apportio:�ant S:daazu a o! Corp. Year E. I. of surtax autac::ced tto. Ended Name 21u=ber ener-n:icn (1) q 30 18 Ty,srEtta?wc�pit ��wwac.��� (�RwF 46-3oT3o51 �o0}p00 (2) �► �,0 18 17o�ttMws �i.�Eteye►WT Co =.ac. 4S-JlVSh 1. -O- (3) (4) (5) (6)