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ESH/RJONES.WIL/DISK: WILLS #9/0CTOBER 25, 1989/bma/#2
LAST WILL AND TESTAMENT
OF
RICHARD J. JONES
I, RICHARD J. JONES, of Mt. Holly Springs, Cumberland
County, Pennsylvanin, b~ing of sound and disposing mind and
memory, do make, publish and declare this to be my Last Will and
Testament I hereby revoking all Wills and Codicils by me at any
time previously made.
ITEN-1: All inheritance, estate and
similar taxes becoming due by reason of my death, except any taxes
relating to generation skipping transfers imposed under Chapter 13
of Subtitle B of the Internal Revenue COde, as amended ("D6ath
Taxes"), whether such Death Taxes shall be payable by my estate or
by any recipient of any property, shall be paid by my Executor out
of the property passing under ITEM IV of this will as an expense
and cost of administration of my estate; provided, however, that
if any property held in any testamentary or inter vivos trust
created by my wife, HELEN M. JONES ("My Wife"), is includable in
my estate for purposes of any Death Tax, then any Death Tax
attributable to the inclusion of any such property in my estate
for the purposes of that Death Tax shall be paid out of such
Page 1 of 18 pages
'.
,
property or by the recipients of such property; and, if such Death
Taxes are nevertheless paid by my Executor, I direct my Executor
to obtain reimbursement or contribution for any such taxes paid by
my Executor. Except to the extent above provided, my Executor
shall have no duty or obligation to obtain reimbursement for any
Death Taxes paid by my Executor, even though paid with respect to
proceeds of insurance or other property not passing under this
Will.
ITEM II: I hereby exercise all powers of
appointment which I may have at the time of my death in favor of
my Executor, and all property sUbject to all such powers of
appointment shall be included in my estate and be governed by the
provisions of this Will; provided, however, that I specifically
decline to exercise any power of appointment given to me in any
Will, COdicil, Agreement of Trust or other instrument executed by
My Wife.
ITEM III: I give and bequeath all of my
household furniture and furnishings, automobiles, books, pictures,
jewelry, china, crystal, appliances, silverware, wearing apparel
and all other like articles of hOUsehold or personal use or
adornment to My Wife, if she survives me. If she does not survive
me, I give such articles to my children, PENELOPE DEMELLO E. SOUSA
page 2 of 18 pages
"... 4.
and DANIEL M. JONES, living at my death, in as nearly equal shares
as they shall select under the supervision of my Exeoutor, or in
its entirety to the survivor of them living at my death. If any
suoh articles cannot be fairly divided or distributed in kind in
the opinion of my Executor, suoh articles shall be sold and the
proceeds thereof shall pass as a part of my residuary estate.
ITEM IV: I give, devise and bequeath an
amount equal to the balance of the dollar amount not taxed in my
estate due to the application to my estate of the unified oredit
against federal ~state tax (the "Unified Credit"), after deducting
therefrom the value, for federal estate tax purposes, of (a)
assets included in my federal gross estate whioh pass or have
passed other than under the terms of this Will and whioh will
utilize a portion of the Unified Credit and (b) adjusted taxable
gifts not included in my federal gross estate but included in the
computation of the tentative federal estate tax in my estate, to
my issue living at my death, per stirpes; provided. however, that
(1) should any such issue be a child of mine who has not then
attained the age of forty-five years, such child's share shall be
retained by my Trustee, IN TRUST NEVERTHELESS, to be held, admini-
stered and disposed of as a separate trust e~tate in aocordance
with ITEM VI for the benefit of such child (the "Child's Trust"),
Page 3 of 18 pages
". .
or (2) should any suoh isslle be the issue of a deQsased chi.ld of
mine and shall not then have attained the age of twenty-one years,
each such issue's share shall be retained by my Trustee, IN TRUST
NEVERTHELESS, each to be held, administered and dispossd of as a
separate trust estate in acoordanoe with ITEM VII for the benefit
of each such issue (the "Grandchild's Trust") .
ITEM V: I give, devise and bequeath all
of the rest, residue and remainder of my property, real, personal
and mi.xed, not disposed of in the precedi.ng portions of this Will,
to my Trustee hereinafter named, IN TRUST NEVERTHELESS, to be
held, admini.stered and disposed of in accordance with t.hi.s ITEM
for the benefit of My Wife and my issue (the "Qualified Terminable
Interest Property Trust", herein referred to as the "Q'rIP Trust").
My Executor shall have the right to elect on the federal estate
tax return prepared on behalf of my estate to have a portion or
all of the property passing under this ITEM treated as "qualified
terminable interest pt'operty" in ol:der to qualify such portion or
all of the property for the marital deduction for federal estate
tax purposes. If my Executor elects to have a portion or a1.1 of
such assets so qualify, such elected assets may, at the discretion
of my Trustee and so long as the election to qualify e;uoh assets
for the federal estate tax mar! tal deduction is not jeopardized,
.Page 4 of 18 pages
(a) be held and maintained by my Trustee as a separate trust
estate with the balance, if any, of the assets which are governed
by this ITEM also held and maintained as a separate trust estate
or (b) be held and maintained by my Trustee with the non-elected
assets as one trust estate. In either case any such trust or
trusts shall be held in trust for the fOllowing uses and purposes
and be subject to the provisions of the following subparagraphs
(a) and (b). My Trustee shall have, hold, manage, invest and
reinvest the assets governed by each such trust, collect the
income and
(a) If My Wife survives me, beginning at my death,
my Trustee shall pay over the net income of each such
trust to My Wife during her lifetime, in installments
not less frequently than quarterly. In addition, my
Trustee shall pay such amounts of the principal of each
such trust as, in the sole discretion of my Trustee,
shall be necessary for the mai.ntenance, support and
medical and nursing care of My Wife, taking into
consideration any other means readily available for such
purposes. Upon the death of My Wife, my Trustee shall,
distribute any accumulated income of each such trust to
My Wife's estate.
Page 5 of 18 pages
'.
(b) Upon the death of the survivor of My Wife and
me, my Trustee shall distribute the principal of each
such trust to my issue then living, per stirpes; pro-
vided, however, that (1) should any such issue be a
child of mine who has not then attained the age of
forty-five years, such child's share shall be retained
by my Trustee, IN TRUST NEVERTHELESS, to be held,
administered and disposed of as a separate trust estate
in accordance with ITEM VI for the benefit of such child
(~he "Child's Trust"), or (2) should any such issue be
the issue of a deceased child of mine and shall not then
have attained the age of twenty-one years, each such
issue's share shall be retained by my Trustee, IN TRUST
NEVERTHELESS, each to be held, administered and disposed
of as a separate trust estate in accordance with ITEM
VII for the benefit of each such issue (the "Grand-
child's Trust").
ITEM VI: My Trustee shall have, hold,
manage, invest and reinvest the assets of each Child's Trust,
collect the income and
(a) until the beneficiary of the Child's Trust
(the "Child") shall have attained the age of twenty-one
Page 6 of 18 pages
years, my Trustee shall from time to time pay to or for
the benefit of the Child such amounts of the net income
and principal of the Child's Trust as, in the sole
disoretion of my Trustee, shall be necessary for the
ChJ.1d's maintenance, support, medical and nursing care
and ed\lCation, including college and graduate eduoation,
taking into consideration any other means readily
available for such purposes. At the end of each year
any unexpended income shall be added to the principal of
the Child's Trust.
(b) After the Child shall have attained the age of
twenty-one years, my Trustee shall thereafter pay to the
Child the net income derived from the Child's Trust in
installments not less frequently than quarterly and
such amounts of the principal as, in the sole discretion
of my Trustee, shall be necessary for the Child's
maintenance, support, medical and nursing care and
education, including college and graduate education,
taking into consideration any other means readily
available for such purposes.
(c) If at the time of the creation of the Child's
Trust the Child shall have then attained the age of
Page 7 of 18 pages
forty-five years or if the Child shall thereafter attain
that age, upon receipt by my Trustee of a written
request from the Child, my Trustee shall distribute
outright to the Child the fractional portion of the then
remaining principal and any undistributed income of the
Child's Trust.
(d) If a Child shall die before final distribution
of the assets of the Child's Trust is made, the then
remaining principal and any undistributed income of the
Child's Trust shall be distributed to the Child's issue
then living, per stirpes; provided, however, that if any
such issue shall not then have attained the age of
twenty-one years, each such issue's share shall be
retained by my Trustee as a separate trust estate, IN
TRUST NEVERTHELESS, each to be held, administered and
disposed of in accordance with the provisions of ITEM
VII for the benefit of each such issue (the
"Grandchild's Trust"); or if the Child has no issue then
living, to my issue then living, per stirpes; provided,
however, that if any such beneficiary is then a
beneficiary of a Child's Trust or Grandchild's Trust
hereunder, the share of such beneficiary shall be added
Page 8 of 18 pages
t9the prinoipal of suoh Child's Trust, or Grandohild~s
Trust aEl if an integral part thereof, to be held,
. administered and disposed of in acoordanoe with the
terms thereof.
ITEM VII: My Trustee shall have, hold,
manage, invest and t'einvest the assets of eaoh Grandohild's Trust,
oolleot the inoome and
(a) until the benefioiary of the Grandchild's
Trust (the "Grandchild") shall have attained the age of
twenty-one years, my Trustee shall from time to time pay
to or for the benefit of the Grandchild such amounts of
the net inoome and principal of the Grandchild's Trust
as, in the sole discretion of my Trustee, shall be
necessary for the Grandchild's maintenance, support,
medical and nursing care and education, including
oollege and graduate education, taking into
consideration any other means readily available for such
purposes. At the end of each year any unexpended inoome
shall be added to the principal of the Grandchild's
Trust.
(b) After the Grandchi.ld Shall have attained the
age of twenty-one years, my Trustee shall distribute
Page 9 of 18 pages
the remaining principal and any undistributed income of
the Grandchild's Trust outright to the Grandchild; or,
if the Grandchild shall have diad before attaining that
age, my Trustee shall distribute the then remaining
principal and any undistributed income to the issue then
living of the parent of the Grandchild who was a child
of mine, per stirpes; or, if such parent shall have no
issue then living, to my issue then living, per stirpes.
I~~M VIII: It is my intention to conform
to the provisions for the allowance of the marital deduction for
federal estate tax purposes. I therefore direct that any provi-
sions of this Will notwithstanding, the powers granted herein to
my Executor and Trustee shall be construed in accordance with said
intention and shall not be interpreted or exercised so as to
disqualify any portion of the QTIP Trust elected by my Executor to
qualify for the federal estate tax marital deduction.
ITEM-IX: No interest in income or
principal of my esta~a or any trust oreated hereunder shall be
subject to attachment, levy or seizure by any creditor, spouse,
assignee or trustee or receiver in bankruptcy of any beneficiary
of my estate or of any trust created hereunder prior to the
beneficiary's actual receipt thereof. My Executor or Trustee
Page 10 of 18 pages
!
. j
shall pay over the net income and the principal to the
beneficiaries herein designated, as their interests may appear,
without regard to any attempted anticipation (except as may be
specifically provided herein), pledging or assignment by any
beneficiary of my estate or of any trust created hereunder and
without regard to any claim thereto or attempted levy, attachment,
seizure or other process against said beneficiary.
l.'L~:
Any person other than My Wife,
who shall have died at the same time as I or under such circum-
stances that it is difficult or impossible to determine who shall
have died first, shall be deemed to have predeceased me. If My
Wife and I shall have died at the same time or under such circum-
stances that. it is difficult or impossible to determine who shall
have died first, My Wife shall be deemed to have survived me. Any
person other than me who shall have died at the same time as any
then beneficiary of income of my estate or a trust created
hereunder or under such circumstances that it is difficult or
impossible to determine who shall have died first, shall be deemed
to have predeceased such beneficiary.
ITEM X:[:
In the settlement of my estate
and during the continuance of any trust created hereunder, my
Executor and my Trustee shall possess, among others, the following
Page 11 of 18 pages
powers to bfil exercised for the best interests of the
beneficiaries I subject, however, insofar as any portion of the
QTIP Trust qualified for the federal estate tax marital deduction
is concerned, to the restrictions set forth below:
(a) To retain any investments I may have at my
death so long as my Executor or Trustee may deem it
advisable to my estate or trust so to do.
(b) To vary investments, when deemed desirable by
my Executor or Trustee, and to invest in such bonds,
stocks, notes, real estate mortgages or other securities
or in such other real or personal property as my
Executor or Trustee shall deem wise, without being
restricted to so called "legal investments."
(c) In order to effect a division of the principal
of my estate or trust or for any other purpose,
inClUding any final distribution of my estate or trust,
my Executor or Trustee is authorized to make said
divisions or distributions of the personalty and realty
partly or wholly in kind. If such division or
distribution is made in kind, said assets shall be
divided or distributed at their respective values on the
date or dates of their division or distribution. In
making any division or distribution in kind, my Executor
or Trustee shall divide or distribute said assets in a
manner which will fairly allocate any unrealized
appreciation among the beneficiaries.
(d) To sell either ilt: p'.:blic or private sale and
upon such t.erms find conditions as my Executor or Trustee
may deem advantageous to my estate or trust, any or all
real or personal estate or interest therein owned by my
estate or trust severally or in conjunction with other
persons or acquired after my death by my Executor or
Trustee, and to consummate said sale or sales by
sufficient deeds or other instruments to the purchaser
or purchasers, oonveying a fee simple title, free and
clear of all trust and without obligation or liability
of the purchaser or purchasers to see to the application
of the purchase money or to make inquiry into the
Page 12 of 18 pages
.
validity of said sale or sales; also, to make, execute,
acknowledge and deliver any and all deeds, assignments,
options or other writings which may be necessary or
desirable in carrying out any of the powers oonferred
upon my Executor or Trustee in this paragraph or
elsewhere in this Will.
(e) To mortgage real estate; provided, however,
that this provision shall not apply to real estate which
is an asset of any portion of the QTIP Trust qualified
for the federal estate tax marital deduction; and to
make leases of real estate for any term.
(f) To borrow money from any party, including my
Executor or Trustee, to pay indebtedness of mine or of
my estate or trust, expenses of administration, Death
Taxes or other taxes; provided, however, that this
provision shall not authorize borrowing from any portion
of the QTIP Trust qualified for the federal estate tax
marital deduction.
(g) From the same source as from which Death Taxes
are to be paid in accordance with ITEM I, to pay all
costs, Death Taxes or other taxes, expenses and charges
in connection with the admin1stration of my estate or
trust, and my Executor shall pay the expenses of my last
illness and funeral expenses; provided, however, that no
such costs, Death Taxes, expenses or charges in
connection with the administration of my estate shall be
paid from the assets of any portion of the QTIP Trust
qualified for the federal estate tax marital deduction.
(h) To vote any shares of stock which form a part
of my estate or trust and to otherwise exercise all the
powers incident to the ownership of such stock and to
actively manage and operate any unincorporated businesia,
including any joint ventures and partnerships, and to
incorporate any such unincorporated business, with all
the rights and powers of any owner thereof.
(i) In the discretion of my Executor or Trustee,
to unite with other owners of similar property in
carrying out any plans for the reorganization of any
corporation or company whose securit~es form a part of
my estate or trust.
Page 13 of 18 pages
deoision made in good faith to use a particular valua-
tion datel nor, as a result of such decision, shall any
oompensating adjustment be made in the amount of any
gift under this will to my spouse intended to qualify
for the marital deduction for federal estate tax
purposes.
(d) My Executor is authorized to elect under
Section 2652(a) (3) of the Internal Revenue Code of 1986,
as amended, (the "Code") to treat me as the transferor
of any qualified terminable interest property with
respect to Which my estate was allowed a deduction under
seotion 2056(b) (7) of the Code and to allocate any of my
exemption from federal generation Skipping transfer tax
under Section 2631 of the Code to any property as to
which I am the deemed transferor under Section 2652(a)
of the COde, regardless of whether or not the property
with respect to which such election or allocation is
made is part of my probate estate. Any such election or
allocation shall be made in the sole discretion of my
Executor and shall be binding upon all persons,
including the then trustee of any inter vivos trust
created by me, and such Executor shall not be personally
liable for exercising any such discretion in good faith.
My Executor or Trustee is authorized to divide any trust
created hereunder or by inter vivos trust created by me
into two or more separate trusts if such separation, in
the sole discretion of my Executor or Trustee, is
advantageous to my estate and the benefioiaries of my
estate or a trust created hereunder or by inter vivos
trust for the purposes of application of the federal
generation skipping transfer tax; provided, however,
that such separated trusts shall be held, administered
and disposed of in accordance with terms hereunder or of
the governing instrument as identical trusts in all
"ther respects.
ITEM XIII:
If at any time any minor shall
be entitled to receive any assets free of trust by reason of my
death, whether payable hereunder, by operation of law or
Page 15 of 18 pages
otherwise, I appoint the Trustee hereunder as Guardian of such
assets authorized by law payable to such minor. The Guardian may
receive, administer and shall have full authority to use such
assets, both principal and income, in any manner the Guardian
shall deem advisable for the best interests of the minor,
including college, university, graduate or other education,
without securing a court order. The Guardian shall have all the
rights and privileges in its capacity as Guardian as are herein
granted to my Executor and Trustee as to my estate and any trusts
created hereunder.
ITEM ~: I hereby appoint my son, DANIEL
M. JONES, as Executor of this Will. If for any reason he should
fail or cease to act, I appoint FARMERS TRUST COMPANY, of
Carlisle, Pennsylvania, as Executor. All references in this Will
to my "Executor" shall refer to my Executor or to my successor
Executor, as the case may be.
ITEM XV: I hereby appoint my son, DANIEL
M. JONES, and FARMERS TRUST COMPANY, of Carlisle, Pennsylvania, as
Co-Trustees of any trust created hereunder. If for any reason
either of them should fail or cease to act, the other or others
shall act or continue to act with all of the powers granted to the
two of them. So long as my son is Co-Trustee, he shall not
Page 16 of 18 pages
.
participate in any discretionary determination of the Trustee to
distribute principal or income of any trust to or for his benefit.
The income beneficiary of any trust hereunder (or his or her legal
representative) shall have the right from time to time for any
reason to remove the corporate Trustee and to appoint a successor
corporate Trustee which shall be a banking corporation with
flduciary powers. Within 120 days from receipt by the then acting
Trustee of a written request to remove from said income
beneficiary, the then acting Trustee shall prepare a final
accounting and turn over the trust assets to the newly designated
Trustee. Such change shall not be made more often than once in
any consecutive 24-month period. All references in this Will to
my "Trustee" shall refer to my Co-Trustees or to my sole successor
Trustee, as the caRe may be.
ITEM XVI: Any Guardian, Executor or
Trustee shall qualify and serve without the duty or obligation of
filing any bond or other security. Any corporate fiduciary shall
be entitled to compennation for services in accordance with the
standard schedule of fees in effect when the services are
rendered.
Page 17 of 18 pages
COHHONW't:.U TH OF PENNSYlVANIA
DfPAIHHf.Nl or REVUlllF.
8URHU OF IHDIVtoUAl TAXES
DElll. Z80601
tlARRISauRO, PA 17128-0601
*
INFORMATION NOTICE
AND
TAXPAYER RESPONSE
FILE
ACN
DAn
NO. 21 . 'J'
96151(,03
10-28-96
1'/
.n-IUI U." I1-Ml
EST. OF RICHARD J JONES
5.5. NO. 188-14-2812
DATE OF DEATH 09-7.4-96
COUNTY CUMBERLAND
TYPE OF ACCOUNT
Ix] SAVINGS
[I CHECKING
D TRUST
D CERTIF .
ALBERTO DEMELLOESOUZA
RUA PERI 126
RIO DE JANEIRO RJ
BRAZIL OC 22460
REMIf PAVMENT AND FORMS TO,
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
FINANCIAL TRUST COHPAN hili providad the Depart.ent with the Inf(lrntlun lilted b,low whIoh ha. b..n u..d In oalnvlatlng the
pot.ntlal tax dUI, Their record. Indicate that at th_ daath of the above decedent, you WIre a joint ownlr/blneflolary of thi. account.
If you f..l thl. Inforllatlon i. incorrlot, pi.a.. obtftln wrItten corr.ntion froll tho fInan~lal lnltltl,ltlon, attach a oopy to thll forM
:":1 rrt:qrn Ii:: tl' tt,,, ",1-,"'"1 IItlrlr,...., Thl... ""r1l\U"t '" t"'Il'Ihle in It(ltlOrdllnrfl with Ihe Tnherltannl l'<x In'''l 'If the Coaaonw.alth of Plnn..,lvanh,
Que.tlon. May b. an.w.rld by celling (717) 141-8327.
COMPLETE PART 1 BELOW M M M SEE
Account No. 1-385355 Dlt.
ElhbU.h.d
REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS
12-29-92
To Inlurl propflr eredit to yeur Hooount, lwo
eZl oopl.. of thll netloe eUlt accoepllny your
paYllent to the Rtg:llter of Wllls, Hake chlllck
payable tOl "RClgl.hr of Willi. Agent",
Acoount O.lIno. 1,392.74
Porc.nt T.x.bll K 16.667
HOTEl If hx pl'lYllllnh "re mllde withIn thr..
Altount Subj.ct to Tax 232,13 (3) 1Il0nthll M the decedenl's dlth of dAl5th.
Tax Rat. )( ,15 yoU IIIlY dado'ot II 5;: dl.count of the tax due.
- Any Inherltflncl, tQX due 101111 becoe. dtllnquent
Pot.ntial rax Dua 34,82 nlne (9) Mor,thl' nft"r the dl'lte of death,
Nn TAXPAYER RESPONSE .
l!J I. I'AXt.UIlETO.R!l!I'O"A lIXt.LFlESU~ T I"AfoI OFF.XCXALTAXA$S~l!S"E~!:~SEDO" THIS NlIT.ICE J
A. r11 The ftbovt Infor.l!ltlon I'Incl tl'lX due Is cor'rllct.
(I 1, You Illfty chaeR" to rAlIllt plly.ent to thll Reulster of Wills Idth two ~llpIIII of thllllotJca to olltllln
a discount or l'lvold lnterelt, er you lIlay check bOl( "A" and rtturn llll. notice to the RIghter of
Willa tlnd !in officIal ftuuutnt will blil lUlled by the PA nepltrt..' ( of Rllvenuo,
[- CHECK ]
ONE
BLOCK
ONLY .
R, 0 Thll above auet ha. beon or 101111 be reporte(1 ftOd tftX pftld with the r.nr,sylvan1l'l InhtrltMlce Tax return
to be filed by the decedent's ropre.entfttlvt.
C, 0 The above Inforutlon Is Incorrect and/or dtbh IInd deductIon. werll Pfftd by YOU,
You Ml,llt co.plett PART 0 and/or PART 0 btlow,
PART
~1
fAX
LINE
K~fuKN . ~UM~UIAltUh
1. Dat. Eatablish.d
2, Account Balanc.
3, Parc.nt TaxeDl.
4. Altount Subject to Tax
S, Debt. and Deduction.
6, A.aunt Taxable
7. Ta)( Rat.
8. Ta)( Du.
I AA Urt ,",U,1,rt-j.; 'I "'u~ i A.w'uui. Tb
OmCJAk ~SE ONLY 0 AAf"
PADF.PARTM.E~T OF REVENUE
If ~ou indicat. a different tax rat., ple.s. .tate your
r.laUonlhip to decadent I
UI"
1
2
3-lL-
4
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11
PART
~
DATE
~EBTS AND DEDUCTIONS
.t'AiJ
1
.. "'."2..
3
4
S
6
1
8
CLAIMED
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-
PAID PAYEE
1-
DESCR I PTI ON
AMOUNT PAID
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.
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TOTAL (Enter on Line S of Tax Co.putation)
Under panelti.. of p.rjury, I declar. that th. fact, X hay. report.d above er. true, corr.ct and
eOMpI.t. to the be.t of MY knowledge and beli.f.
~_OML.~.
WORK ( )
1 ELEPHONE NUMBER
GENERAL INFORMATION
1. FAILURE TO RESPOND WILL RESULT IN AN OffICIAL lAX ASSESSHENT wtth applicable tnt.r..t based Of'! Jnfor...UM
,utNllttlCf by thl fltlM<llel In.tltuthm,
Z. IntlIr!tano. tal! bfICDIl.. c.'IlltlqlMnt nlm. aonth. flftlr the dtt<:ad."t '. dltt. of rKllIth,
:5, A Joint IKlCOUtl't 11 tllllRble IlVIfl though the d..ted.."t'. nMlIll \IIn. added III " .attar of conv8nlonoa,
4, Aocountl <tncllJdlng tho.. h.ld butw..n hUlbMe/ 1!I1\(j .11';.) which the dcteod.nt put In joInt Me.. within 00tI y.ar prior to
d..th are fully taxbbl. III trmnlf.rl,
S. ACCOlJnh ..tr.blhhttd ,101ntly blh/..n hll.bond and wlf. 1101"' than ana yur prior to w.llth tire rnlt tftl(ltbh.
6. Aooooo\l h4Ild bV ,. de(Jadltf,t "In trust for" MCthlr or othflrl tn-. tftl(abllll fully,
REPORTING INSTRUCTIONS - PART 1
- TAXPAYER RESPONSE
1. BLOCK A - I( the 1"for"tltlan lInd cowputnt Wtl In the notice ore correct and d.ductlon. lire not boiling olalHd, pJ1Ml1I an "X'"
In bltH:k "A" of Pt'lrt 1 of HI. "lllxPlIyur Rupof1U" 'Ictlon. SAg" two coplin flOtl IOOI1t th.. 141th your ohm for thfl IlIIOUl'lt of
tine to th. Reght.r of \.lUll of tit.. GOullt... lrnllcllh,d, The PA Olparhllnt of Rllvonue ",111 h.ue an ofHoial ........,t
(For. REV-154ft DO upon roclllpt of tho rot'...rt't froll the Replthr of wilt.,
?, BLOCt( 11 k If the auet .pacifled on thh: f\:It101l hu been or 101111 bll reported and tax paId with the Penn.YlVMla Inhllritlll"KlI
TalC Return fllod by the doc.dont'. r.pru"n~lItlv., plac. 1'111 "X" In blook "S" of p"rt 1 of thti "Taxpay.r R..'Dn.... lectlon, Sign OM
copy and return to the PA DlIpart.ant of Revonull. Bl,lr$lau of IndIvidual TB)(IloI. Oept 260601, Harrhbur'g, f1A 17128M0601 In the
.nvelop~ provided,
5, 81.0(:1( C - If the notice Infor,..tIon 11. lncof'ro:ct nod/or deduction. are beIng clal..d, ch.ck block "C" and cOMflI.to P.rh 2 and;S
"::::;":H:,,.r. hl ~~.: ::.~~:-~;:lt:r.:--_~ ;",:.", :11;.'; ~..o ""p:... .."..; lI...i.;...t ~;,,,Ool ,,;U, YU\.t, \,1,,11I1.1;', rUf .illil UlttJUII. of tlllK pByool. to tho Koghter
of WAll. of tho county indlcBted, Tho PA nllpBrtl.nt of R.~.nue ~111 ISlue an offJcJ"l as,o"lIent (For. REV~IS48 EXi upon r&Clllpt
of tho r.turn frOll tho ReAI,ter of WIll..
TAX RETURN - PART 2 - TAX COMPUTATION
LINE
1. E:nter
NOTEl
the dlllte the a(';oount oriuJnallv WlIS utabll,hed or t1t16id In thll nnner exhtlng ftt date of d.ath,
For a dlcedent dvini after 1?'/12/8ll Account. whIch tho declldont put In joint ne..e wIthIn on. (1) yaar of death are
tnxabla fully !III trrmsferl, How...."r, th(1re III 1111 exclu.ion not to exceed n,llOO pllr tran.fere. rQl1ardlln of the value of
the account or the nUllIber of !tCcounh h-IIld.
If II double ut.rlll< (MM) 8ppellr. bllfor" your first M.. 11"1 tho addre.. pOI'Hon of thh notice, thti n,ooo exclusion
alre!ld~ hu been dodUtlted froll the Hccount b!llrmce a, reported by the flmlltlohl in.tHutlon,
2, Enter the total belanoe of tho l'lccount Incl.ll(tlng Interest IIccrued to th.- datil of dlleth.
.5, The perc:.nt of tho IICCollnt that I. tflKabl" for ollch aurvJvor' Is dlltllrllIned u follow'l
A, The percent hHftbh for joint ("Ults llIliltftblhhed iliaI'D th'!ln onll ye8r prior to thtl dlHledent'. dlllthl
1 DIVIDED BY fOTAl NUHBEll Jf
JOINT OWHEflS
EXlulplel A joInt ftnllt rflglflhr"d
!JIVIDED bY TOTAL NUMBER OF X 100 .. PERCEHT TAKABLE
SURVIVING JOINT OWNERS
In thM na.e of the dvclld.nt and two other person.,
1 DIV10fD BV 3 (JOHn OWHER';) otVlOED BY 2 (S~VIVORS) .. .167 X 100 .. 16,7i( (TAXABLE fOR EACH SURVIVOIU
8, The p4lrcent t!lxl'lblll for uuts oront.d withIn on. YlIl!lr of the do.clld.nt's d.lIth or accounts owned by the dlced..,t but held
In tru.t for anQthllr Indl~ldlli.ll(a) (trust be'lof1cIlIrI.vI):
1 DIVlOEO BY TOTliL NUM8ER Of: SURVIVHW JOINT
OWNERS OR TRUST BENEFICIARIES
X lOll .. PERCENT TAXA8LE
ExallPlel Joint 8(jcount rllglNttlflllld In the nu. of the defl.d.nt I'lnd two athflr perlon. Itl'ld oatablhh.d within on. ~.ar of d..th by
tho deceDent.
1 DIVJl)ED BY l (SURVIVORS) .. .!lO X 100 .. 50% CTA)(ABlE FOR EACII SURIIIIIOR)
4. fh, a.ount subjoot to tnx (Un. 4) hi dlilhrllined by lulthllylng th. account balanoe (Un. Z) by the p.rcclInt taxable (l1011 3,),
5. Fnt.r tho tot'll of th. rhlt-t, !'Owl ,.1<.r1"etIM'~ ',I......" In p....t 1;
6, The ..ount taxable (11m. (I) 11 dot.reined by luhtrl'lctJng the debt. hnd doduotlon. (lIne 5) frOll tho altOUnt .ubject to taH UIM 4),
7. Entlr the approprJBte tsx retll (line 7) as dltel'lIllnod b.IoloJ,
A, Fur dateft of death occurrJn~ after 6150/94, the tl'lX ratel for trftn~fers to spauee. are as follow. I
1, Date. of death on or after 7/1/94 and b~forQ 1/1195 the rat. II 3%,
2, Date. of death on or after 1/1/95 tranlf8r. to SpaUII. ",111 be taxed nt O~ tsx rate,
Hotel For d~te' of death prIor to 711194 trMllflln tr.! s.j'oua811 ar. taKl'lble et iiI:,
B, TrBnwfer. to lin8s1 delloendanta incILlding father. .other, lon, dftUljJhter, grMdehIldron, son-In-law,
uftUghteraln-lftw, stepchild 61\t1 theIr ll-lue are taxnble I'lt IlK PQrcent (6;D.
C, Tren.fer. tcJ all othor. Inoluding brother, .!star, unclo. lIunt, nophQw and nil,,:e ar'e h:.;ftbll\ lit flH~an percent (1S;().
D. If YOU oh!llrlQe tho tax r~te, plen.. r,pII(dfy your rCllstlonlhlp to the dKedent In till are. pnwtded,
8, The MIOUr'It of tax due (line 8) 11 deterlllnad b" MultJplylng thll e..aunt taxftble {lIn. CIl by the tax rat. (11ne 'I),
CLAIMED DEDUCTIONS - PART 3
DEBTS AND DEDUCTIONS CLAIMED
Allpwsble dlbts and dllduct!cm. are dlltoreIn.d III follow'l
A. You hll.ll~ arlit r..ponlible for pftYllIent, or the utfltll Subject to adcsInhtratJon b~ II per.onal rlpr.l,"ht1~1 II In,uffJcl~t
to pay the doduotlbl. ite..,
a, Vou l'Kltulllly p81d thVl debts ftfhr death of the decedent BOd Ct., f'.lrnhh proof of pli!l~t.
C. OMIt. being clal"ld .ust he It..lud full:.' in Pftrt:s. If addlt10nlll SPllKlfl It neodld, UIl. plaIn pllpllr . In'" )( 11", Proof of
P"Y..nt ..ey be requ.et~d by the PA nepart..ent of Re~.nu.,
"",'1"';':':'::;""""""'" ",::::" ":':":" :, "':" '"":',, ,,:,' "t''\XPAVER AS$lSTAiiCE "', ':' ,', ' ' , , , """,,, :",::,,:',:,
:,~,:::,",::::: :','if! VOU NEED FURTHER INFORMArtON OR ASSISTANCE; CONTACT ANV '" ,,,,,<::::,i,i
"", I::, "REeUHR OF WILLS, PA DEPARTMEtn OF RE\lENUEDI$TRICT al'I'lCE ,,", '", ",', ..:' ',' '
, ", " OR CALL THE llUREAU OF INDIVIDUAL TAXES/. TAXPAVU INQUlI1;Y:UNlt:t!l:i:::':':::.~"'~/4::':':""
" ' ,HARRISaURljl AT (717) 7117.II~ll7.TDll',(7,m 7{2~lll1S2(HI!ARINOU1,"AUl!:Il'lINlii\l~,\il~1i!i~~
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CERTIFIED .
UUOAlll'I ll: SINON 1.1.1'
ATTORNEYS AT I..AW
,e i;) 3i! 113 'I 1,'1L1
MAlt
ONt SouTH MARI<;!':T SQUARe:
BBG Pi1
p,O, BOX 1146
HARRISBURG, PA 17106-1146
Mary C. Lewis
Regist<:r ofW ills
County of Cumberland
Cumberland County Courtho!1se
I Courthouse Square
Carlisle, p;\ 17013
17013)3322 U
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PURPOSE OF
NOTICE I
To fulfill the r.q..drtHnh of SflOt1on 2140 of ,ttM Inherltanc. end eltat. iax Aot, Act 21. of 1991. (72 P.S.
S~Uon 2140'),
PAVHENT I
O,taoh the top pol'tton of thh Notice and tubIIlt with your pay...nt to Uti R'lIhhr of WIlls prlntld on the
rIver.. side.
h Meke Ch'Clk or -.ur'lIlY order paYDble to: REIH5TER Of WILLS, AGENT.
All paYlenh received .hall f1rlt b, applIed to any Intttrut whioh NY bll due, with MY r..alnd.,. app1Jed to the tax,
REFUND ( CR) I
A refund of II tax oredIt, which Wit. not raqUlltad on the tax return. lIay bit requuted by cOllplet1ng an "Applloation
for Rlfund of Penfuyl..."nh, Inhef'lhmce and E,tab Tax" (REV.1313L APpl1cutlonl l!lrll a...dlabl. at the Offlc. of
t~ Register of Willi. any of the 23 Revenue Oi.trIat Offlc.. or by clll11ng the ,peolal ?4.hour &ntworlng ..rvlce
rnMbIr. for foru ordering: In PennlylvMh 1-800-361,-2050, outsIde Pennlylvant. and wHhln looal
lit,rrhburg area (17) 787-8094, TOOl (711) 77Z~Z252 (HCll'Irlno Iupa!rlKl Only),
oaJECTlOHSI Any pllrty in Int.r'lt not ut!lflad with the 8ppr"he_"t, "l1ow~" or dh:f111oW8nce of deduction. or fl......ant
of tax (loolud!ng clhC:OU1t or InhruU as shown on thh Notlc. "flY object !.I1th!n sixty (60) days of rlllC.lpt of
thll MoUcu by I
MMMrlttan prnh,t to tho PA o.pllrtMnt of R.v8OlJ1t, DOllrd of Arpaals, Dept, 281021, HarrIsburg, PA 17128-1021, OR
~-1l1e<lt1ng to have the IltllUer dIItar.in.d at t~ lloo1t of tM ttccount of ttw\ pfolrsonnl rapre'Wltnt1Vtl, OR
--appeal to the rJrphans' Court
ADHIN~
ISTRAl'lYE
CORRECTIONS I
f'actu~l .rrors dhcov.rud on this lIUllunent should b4t lKklr..sltd In !.Ir1Ung tOt PA DllfJart.ent of Revenue,
!uraltU of Indlvldulll lax.... ATTN: Po.t Auuullnt f{lIvlew iJnlt. DEPT. 280601, Harrhb\Jra, PA 17IZ8"OMl
Phone (17) 787-6505, See pagll 5 of tho booklet nIn.tructJons for tnher1tlM\ce Ta1< RAturn for., Ruident
Decadent" (REI/-ISOl) for an e)(plnnlltlon of Mhlnhtrrttlve.\y cOIToot&ble error.,
DISCOUNT l
If any tax dutl Is paid within thr.lI (3) cltlendar IfOntlu after the d.cedant'l d.llth, a flvlI percent (S:()
dhcO\l"It of the tax paId Is allowed,
PENAL TV:
Tho 15:< tlUC Mn..ty nonMpart101pation penalty Is co.putad 01"; thel total of the tax 8nd Jnt.rut alln,tKl, and not
PIJd before Janutsry 18, 1996, the flrlt dflY flft"r the "nd of the tax sarnellty period. Thh non-pert1clpat1on
pe.naltll Is eppealebl. in the .au .nnnar ami 1n the the SMltt tiN period as YOU t<K)Yld appoad the tit)( and Inhr..t
thttt hll8 been ".....ad !II Indic-'ltfld on thlt notica.
IN'(EREST I
Int.ra.t 1. charged b~lnnlng with first dsy of d.ll~y, or nl~ (9) ~ths ~ one (1) dRY
frOll tho d~t. of death, to thtl date of PSYll8f'1t. Tax.,. whIch bcKllYMI dlsUnqu.nt b.fore Jan>.Jnry I, 19dZ
~.r Inter..t at the rat. of I1x (61:) perofWlt ptlr ~ calouhted lilt a daHy rllt. of ,000164.
All t81<tII whIch baeHO dellnq\lant 01'\ or lIftol' JMUllIry 1, 19ftZ will btaer !nter..t l!lt a rute which 14111 vllry frOll
oalendar year tn cl'IlflndPJr y.ltr with that rllt. 1tf\l10UllC-.d by the P^ nepart.."t of Rev.,..,.,., The applicable
Inhr..t ratflll for 19ftl through 1991 t'lr.:
Year tnt.rut Rat. DlIlly Int.rut Factor Yur Inter'lt Rat. Deily interest factor
1982 2'~ ,000548 1987 9~ ,000247
1983 16;( .OO043a 1988-1991 11i .000301
1984 11% ,000301 199Z 9;( ,000241
1985 13;( ,D003S6 199J~1994 n ,000192
19116 10)( ,000274 1995Ml997 9~ .000241
uInt.rut It naloulat.d .. follow'l
INTEREST. BALANCE OF TAX UNPAID X NUNBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR
nAny Notice luued l!lftar the tax becolM. dallnquent will r.f1a.Qt en inhr..t calcuht10n to flU.., (1!i) den
btyond the d.t. Ctf the 1I......."t, If F'aYHflt Is IIfKM aft.r tho Inter.st cMP\ltatlon dIIt, Ihol<<'! Qn the
NoUc., mddltiDnlll Int.rut Illl,t be oalculated.
,. .- / '.J ()", I
{.) .- ).1 - ."
,_;(;~~ !,1O,\.jWI AI. 1!1 Of PI ""~~iYL '1M,'A
OU1AfHI,\lN.'OF nr:vtNlll:
lJ1Y1280601'
HAHflISOuflO, PA \7128 -060 I
INHERITANCE TAX RETURN
RESIDENT DECEDENT
(TO BE FILED IN DUPLICATE
WITH REGI TER OF WILLS
i Of! t" \11 ';')1
tf ^ ';P<,)W1AI
f'\JIlI.HIV\,;l\LUj!
FILE NUMBER
,q'V ",()(J ,\!.;.I.<}_II
1)1 ,\ I" ,\1 I! 'I 'i J I ~..I ' ,OJ .,", "I HI
,;.d,';LIIIM~U I I
21
1996
OB1"
COll~j IY r~OOI:
YtAfI
~il, '.\ III "
me! D(NT S NAME (l fiST, f InST AND M DOl I INITIAL) ')[ ero! NT', COI,H't lIE AODnf Sf,
o I'Jone.--fl~~ch~r~_~____ ___ 21-1 North Baltimore Avenue
~ ,0e'Al SECUIl"YNuM"'R 10ATEOI D,;:;;:;'-"FATI 01 A'''''' Nt, Holly .spnngs, P/\ 17065
~ ,__ ~ 88 - 1_4 - 28] 2 ._.-1 .o_~n..4.L~_O.?j2 5 U 2._ (,O,O]'~l. Cl11i~I!;~Ll\NO-b)--- .m...__'____nu
T W.' Al'eueAflL'I'UR""NO srOll"E'S NAM' ILASl,"RST AND M'DDLE INlTrAl.i SOCIAL SE ClI III " NI.IM"'" AMollNI flEel'IVEO I"" <N"H'""",,,,,
A H~J)~Jl ~,~ln~~~~~-"""-~-[]2'--s~PPI'me';;~1 RelUrn-' __~Q_4..:;i.U981_ 3.R~;";~;~d~~R~lu~--212'iG. 00
C p ~ __ 4. limited Estate [J 4a. Future IntQro~1 Compromise (for dalos of doath pnor to 12. 13-8?)
H P 0 r.:J
C~ R C (for dal('s of death after 12.12.82) L~_ 5 Foderal ESlale Tax Return ReqUired
K ~ ~ Q 6, Decedent Died Testate [J 7 Decedont Main1alned a living Trust _0_8. Total Number of Salo DopoSJ1 Boxes
___ __.__JMach~J of Will) (Attach a coEl, 01 Trus1l..~_______.__.__,.~_______,._
C P ALLf,ORRESPONDENCE AND_c;,ONFIOENTlAL TAX INFORMATION SHOULD BE DIRECTED TO: ___..._......___.
o 0 NAME
R N
R D
E E
S N TELEPHONE NUMBER
T
'717 233-5731
I Real ESlale (Sc~ledule A)
2. Slacks and Bonds (Schedule B)
3 Closely Held Slock/Parlnership Interest (Schedule C)
4. MOrlgages and Noles Recelvahlo (Schedule 0)
5. Cash, Bank Deposits & Miscellanoous Personal Property (Sch. E)
6. JOlnlly Owned Properly (Schedule F)
7. Translers (Schedule 0) (Schedule Ll
8. Total Gross Assets (total lines 1-7)
g, Funeral Expenses, Adrnlnistratlve Costs, Miscellaneous
Expenses (Schedule H)
10. Debts, MOrlgage liabilities, Liens (Schedule I)
11 Total DeduC1ions (total lines 9 & 10)
12, Net Value 01 E'tate (Une 8 minus Line 11)
13. Charitable and Governmental Bequosts (Schedule J)
J4. Net Value SU~~C1 to Tax (Line 12 minus Line 13)
IS Spousal Transfers (for dales of death after 6-30-94)
See Instructions for Applicable Percentage on page 2
(Include values tram Schedule K or Schedule Mo)
16. Amounl of line 14 tAxable at 6% rate
(Include values ~om Scileelule K or Sch,dule M)
17. Amount of Line '14 taxable., 15% rate
(Include values ~om Schedule K or Schedule M.)
18 Principal tax due (Add tax ~om Line 15, 16 and 17.)
19 Credits Spousal Poverly Credrt Prior Payments Discount
0,00 + 25,000,00, 1,236.38
20. II line 191s reater than Une 18, enler the difference on Line 20 Thl. is the OVERPAVMENT,
~x[J Q)eck her~~,ye reqtieS'llng. refund of you, over~.!!!!J
21 If Line 18 i. greater than Une 19, enler lI1e difference on line 21 This IS Ihe TAX DUE.
A. Enter the interest on the balance due on Line 21A
B. Enlor Ihe lotal of line 21 and 21A on line 21B. This IS Ihe BALANCE DUE.
Make Check Pa able to: Re 1st.. of Wills A ent
~ ~ BE SURE TO ANSWER ALL QUESTIONS ON PAGE 2 AND TO RECHECK MATH <l <l
Under plnallill 01 perjulY. I declarelhlll I h,,~e uamin,,'d Ihit r\tl~~: IncludlngaecomptlrlVing Icheduln and tt....lemenll,llnd 10 thl belt 01 my knowllldgll-Ilnd bellll, II Iltru;;--
corllcl Ind comlClllll. I declarl Ihat III re,I"IIlI11 hat been reported al Irue market ~'luI. Olcllrallon of preparer olher thin Ihl perlul'\ll( reprellnllltlve II buee! on ,UlnlorlNl,110n of
::!hjCh~arer ~a..nYk~owledge, ~____'_'____'_'_______,__,,,~,_,__,______,_______ __.__..h__~
St~nley /\, _Smith, Esquire
R
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SIGNATURE or. PERSON RESPONSIBLE Fon f:tLlNG R~ TURN AODRU1S
/'
/
COMPl.ETE MAILING ADDAESS
Rhoads & Sinon
p, O. Box 1146
Harrisbur P/\ 17108-1146
(1) _________
(2) 0,00
~) 468,536.9!
(4) ____
(5)
(6)
(7)
2,297.00
_____~J..",ll
16,62..9,00
(8) ___ig,ll.., 34 7-'..9.2
(9)
4},309.25
(10)_
30,662,44
(11)
(12)
(13)
(14)
73,971,69
414 , 375 ,.J}
0,00
414,322.c..2..3
(15)
2,250,00 x'Q.Q..'
0,00
(16)
412,125,33 X 06.
24,727,_~
(17)
0,00X.15.
0,00
(18)
24,727.52
Interest
0,00.
(1g)
(20)
261236.38
1, 508_~
(21)
(21A)
( 21B)
0,00
,--...Q..Jl.,o
0,00
DATE
_._:..:.._-_._---_--=-:..-----'-:::~~-~.::...~.._-_.
SIONA1}JRE.?F PREPAA/J7!ER It'iAN fH:rRER[ N1ATlVl
-~~
rmlofIWIII"Or1ly(;f'Ryllllml,lnc
I??_f1~,~;t..~! _ .~C?~l~.~ '- _ f.-,o;~s:~.t_<?;-. . _ .... . . . _ _ _ _ _ _.. _ __
m._E12..Bl'oacl,s."--iiJnon____._._n____.____.._.___
AOOf~r.'lS
Rh,oadn. ,&. .si.non.", p.', ,0,. .8ox~ 146... . .
_Iiar~,;,sbllrg L.J'/\ ...1.!.lQI3..:..1_,\..4_6....._____
f.~:-:'~,.::..._s!.'1 ('
DATE
(~!P
form 1500 IRftv 7 04)
IlL'/ 1'i0'][;'\'11;>-881
COM"\0~WI.;.~_'1 H OF PENNSYLVANiA
INH :n I NeE TAX Hnl1AN
fl .SID 'NT fH!bEDENT
ESTATE OF
Richard J, Jones
FILE NUMBER
21-96..0817
Joint 'onant(.).
NAME ______'__ADDRESS..___._____ __..' RElATIONSHIP TO DECEpENT __
A. Penelope de Mello E Souza Rio de Janeiro, Bl-azil Daughter
B, Alberto de Mello E Souza Rio de Janeiro, Brazil Son-in-law
C, Thomas de Mello E, Souza Rio de ,Janeiro I Brazil Grandson
Jointly. owned property:
ITEM
NUMBER
LETTER
fOR
JOINT
TENANT
DATE
MADE
JOINT
DESCRIPTION Of PROPERTY
TOTAL VALUE
. OF ASSET
DECO'S DOLlAR VALUE OF
% INT. DeCEDENT'S INTEREST
1
A
07/20/81 Dauphin Deposit Bank ar.d Trus
Company Checking Acct.
#0049148486, titled in joint
names of Rior,ard J, Jones or
p, M. Souza
864,90 50
432.45
2
B C
12/29/92 Farmers Trust Savings Acct,
#1-385355, opened 12/29/92,
titled Alberto De Mello E
Souza or Richard J. Jones or
Thomas De Mello E souza
1,395,94 33
460.66
TOTAL ~_~Qter o'l.!!!l~ Recapitulation)
(II more .paco I. noeded In.ert additional .hoots of .ame ,'zo)
Copyrighl(c) HI04 f(jrm loftwllrl only OPSYlllmi, Inc,
.L_.__-1!.93 . 11
Form '1500Schtdull F(R,v, 12-0l'l)
."......"
r-.,
I'XIII'llTl'
It .'
. ' , ' ." .
LAST WILL AND TESTAMENT
OF
RICHARD J'. JONES
I, RICHARD J. JONES, of Mt. Holly Springs, Cumberland
County, Pennsylvania, being of aound and disposing mind and
memory, do make, publish and declare this to be my Last Will and
Testament, hereby revoking all Wills and Codicils by me at any
time previously made.
ITEM I:
All inheritance, estate and
similar taxes becoming due by reason of my death, except any taxes
relating to generation skipping transfors imposed under Chapter 13
of Subtitle B of the Internal Revenue Code, as amended ("Death
Taxes"), whether such Death Taxes ahall be payable by my estate or
by any recipient of any property, shall be paid by my Executor out
of the pr.operty passing under ITEM IV of this Will as an expense
and cost of administration of my estate; provided, however, that
if any property held in any t.estamentary or inter vivos trust
created by my wife, HELEN M. JONES ("My Wife"), is includable in
my estate for purposes of any Death Tax, then any Death Tax
attributable to the inclusion of any such property in my estate
for the purposes of that Death Tax shall be paid out of such
Page 1 of 18 pages
~
.....---.-" -...---.... .-----..
property or by the recipients of such property; and, if such Death
Taxes are nevertheless paid by my Executor, I direct my Executor
to obtain reimbursement or contribution for any such talCes paid by
my Executor. Except to the extent above provided, my Executor
shall have no duty or obligation to obtain reimbursement for any
Death Taxes paid by my Executor, even though paid with respect to
proceeds of insurance or other property not passing under this
Will.
ITEM II: I hereby exercise all powers of
appointment which I may have at the time of my death in favor of
my Executor, and all property subject to all such powers of
appointment shall be included in MY eotate and be governed by the
provisions of this Will; provided, however, that I specifically
decline to exercise any power of appointment given to me in any
Will, COdicil, Agreement of Trust or other instrument executed by
My Wife.
ITEM III: I give and bequeath all of my
household furniture and furniShings, automobiles, books, pictures,
jewelry, china, crystal, appliances, silverware, wearing apparel
and all other like articles of household or personal use or
adornme~t to My Wif~, if she survives me. If she does not survive
me, I give such articles to my children, PENELOPE DEMELLO E. SOUSA
Page 2 of 18 pages
".-
and DANIEL M. JONES, living at my death, in as nearly equal shares
as they shall select under the supervision of my Executor, or in
its entirety to the survivor of them living at my death. If any
such articles oannot be fairly divided or distributed in kind in
the opinion of my Executor, such articles shall be sold and the
proceeds thereof shall pass as a part of my residuary estate.
ITEM IV: I give, devise and bequeath an
amount equal to the balance of the dollar amount not taxed in my
estate due to the application to my estate of the unif.ied credit
against federal estate tax (the "Unified Credit"), after deducting
therefrom the value, for federal estate tax purposes, of (a)
assets inoluded in my federal gross estate which pass or have
passed other than under the terms of this will and which will
utilize a portion, of the Unified Credit and (b) adjusted taxable
gifts not included in my federal gross estate but included in the
oomputation of the tentative federal estate tax in my estate, to
my issue living at my death, per stirpes; provided. however, that
(1) should any such issue be a child of. mine who hae not then
attained the age of forty-five years, such child's shar.e shall be
retained by my Trustee, IN TRUST NEVERTHELESS, to be held, admini-
Atered'and disposed of as a separate trust estate in accordance
with ITEM VI for the benefit of such child (the "Child's Trust"),
Page 3 of 18 pages
..-
or (2) should any such issue be the issue of a deceased child of
mine and shall not then have attained the age of twenty-one years,
each such issue's share shall be retained by my Trustee, IN TRUST
NEVERTHELESS, each to be held, administered and disposed of as a
separate trust estate in accordance with ITEM VII for the benefit
of each such issue (the "Grandchild's Trust").
ITEM VI I give, devise and bequeath all
of the rest, residue and remainder of my property, real, personal
and mixed, not disposed of in the preceding portions of this Will,
to my Trustee hereinafter named, IN TRUST NEVERTHELESS, to be
held, administered and disposed of in accordance with this ITEM
for the benefit of My Wife and my issue (the "Qualified Terminable
Interest Property Trust", herein referred to as the "QTIP Trust").
My Executor shall have the right to elect on the federal estate
tax return prepared on behalf of my estate to have a portion or
all of the property passing under this ITEM treated as "qualified
terminable interest property" in or.der to qualify such portion or
all of the property for the marital deduotion for federal estate
tax purposes. If my Executor elects to have a portion or all of
such assets so qualify, such elected assets may, at the discretion
of my Trustee and so long as the election to qualify such assets
for the federal estate tax marital deduction is not jeopardized,
Page 4 of 18 pages
~
(a) be held and maintained by my Trustee as a separate trust
estate with the balance, if any, of the assets which are governed
by this ITEM also held and maintained as a separate trust estate
or (b) be held and maintained by my Trustee with the non-elected
assets as one trust estate. In either case any such trust or
trusts shall be held in trust for the following uses and purposes
and be subject to the provisions of the fOllowing subparagraphs
(a) and (b). My Trustee shall have, hold, manage, invest and
reinvest the assets governed by each such trust, collect the
income and
(a) If My Wife survives me, beginning at my death,
my Trustee shall pay over the net income of each such
trust to My Wife during her lifetime, in installments
not less frequently than quarterly. In addition, my
Trustee shall pay such amounts of the principal of each
such trust as, in the sole discretion of my Trustee,
shall be necessary for the maintenanoe, support and
medical and nursing care of My wife, taking into
consideration any other means readily available for such
purposes. Upon the death of My Wife, my Trustee shall
distribute any accumulated income of each such trust to
My Wife's estate.
Page 5 of 18 pages
(b) Upon the death of the survivor of My Wife and
me, my Trustee shall distribute the principal of each
such trust to my issue then livi.ng, per stirpes I pro-
vided, however, that (1) should any suoh issue be a
child of mine who has not 'chen attained the age of
forty-five years, such child's share shall be retained
by my Trustee, IN TRUST NEVERTHELESS, to be held,
administered and disposed of as a separate trust estate
in accordance with ITEM VI for the benefit of such child
(the "Child's Trust"), or (2) should any such issue be
the issue of a deceased child of mine and shall not then
have attained the age of twenty-one years, each such
issue's share shall be retained by my Trustee, IN TRUST
NEVERTHELESS, eaoh to be held, administered and disposed
of as a separate trust estate in accordanoe with ITEM
VII for the benefit of eaoh such issue (the "Grand-
child's Trust").
I'l'EM VI: My 'rrustee shall have, hold,
manage, invest and reinvest the assets of eaoh Child's Trust,
collect the income and
(a) Until the beneficiary of the Child's Trust
(the "Child") shall have attained the age of twenty-one
Page 6 of 18 pages
--
yaars, my Trustee shall from time to time pay to or for
the benefit of the Child such amounts of the net income
and principal of the Child's Trust as, in the sole
discretion of my Trustee, shall be necessary for the
Child's maintenance, support, medical and nursing care
and education, including college and graduate education,
taking into consideration any other means readily
available for such purposes. At the end of each year
any unexpended income shall be added to the principal of
the Child's Trust.
(b) After the Child shall have attained the age of
twenty-one years, my Trustee shall thereafter pay to the
Child the net income derived from the Child's Trust in
installments not less frequently than quarterly and
such amounts of the principal as, in the sole discretion
of my Trustee, shall be necessary for the Child's
maintenance, support, medical and nursing care and
education, including college and graduate education,
taking into consideration any other means readily
available for such purposes.
(c) If at the time of the creation of the Child's
Trust the Child shall have then attained the age of
Page 7 of 18 page.
~
forty-five years or if the Child shall thereafter attain
that age, upon receipt by my Trustee of a written
request from the Child, my Trustee Shall distribute
outright to the Child the fractional portion of the then
remaining principal and any undistributed income of the
Child's Trust.
(d) If a Child shall die before final distribution
of the assets of the Child's Trust is made, the then
remaining principal and any undistributed income of the
Child's Trust shall be distributed to the Child's iasue
then living, per stirpes; provided, however, that if any
such issue shall not then have attained the age of
twenty-one years, each such issue's ahare shall be
retained by my Trustee as a separate trust estate, IN
TRUST NEVERTHELESS, each to be held, administered and
disposed of in accordance with the provisions of ITEM
VII for the benefit of each such issue (the
"Grandchild's Trust"); or if the Child has no issue then
liVing, to my issue then living, per stirpes; provided,
however, that if any such beneficiary is then a
beneficiary of a Child's Trust or Grandchild's Trust
hereunder, the share of such beneficiary shall be added
Page 8 of 18 pages
-
-
to tho prinoipal of such child'. Trust or Grandohild's
Trust as if an integral part thereof, to be held,
adminidtered and disposed of in aooordance with the
terms thereof.
1TEM VII: My Trustee shall have, hold,
manage, invest and reinvest the assets of eaoh GrandChild's Trust,
colleot the inoome and
(a) Until the benefioiary of the GrandChild's
Trust (the "Grandchild") shall have attained the age of
twenty-one years/ my Trustee shall from time to time pay
to or for the benefit of the Grandchild such amounts of
the net income and pr.incipa1 of the Grandchild's Trust
as, in the sole discretion of my Trustee, shall be
necessary for t.he Grandchild's maintenance, support,
medioal and nursing care and education, inoluding
college and graduate education, taking into
consideration any other means readily available for such
purpoles. At the end of each year any unexpended income
shall be added to the pr.incipal of the Grandchild's
Trust.
(b) After the Grandohild shall have attained the
age of twenty-one years, my Trustee shall distribute
Page 9 of 10 pag..
~--
the remaining principal and any undistributed income of
the Grandchild's Trust outright to the Grandchild; or,
if the Grandchild shall have died before attaining that
age, my Trustee shall distribute the then remaining
principal and any undistributed income to the issue then
living of the parent of the Grandchild who was a child
of mine, per stirpes; or, if such parent shall have no
issue then living, to my issue then living, per stirpes.
ITEM VI~: It is my intention to conform
to the provisions for the allowance of the marital deduction for
federal estate tax purposes. I therefore direct that any provi-
sions of this Will notwithstanding, the powers granted herein to
my Executor and Trustee shall be construed in accordance with said
intention and shall not be inter.preted or exercised so as to
disqualify any portion of the QTIP Trust elected by my Executor to
qualify for the federal estate tax marital deduction.
ITEM IX: No interest in income or
principal of my esta~e or any trust created hereunder shall be
subject to attachment, levy or seizure by any creditor, spouse,
assignee or trustee or receiver in bankruptcy of any beneficiary
of my estate or of any trust created hereunder prior to the
beneficiary's actual receipt thereof. My Executor or Trustee
Page 10 of 18 pages
shall pay over the nNt inoome and the prinoipal to the
benetioiari.. herein de.iQn~ted, ~B their interests may appear,
without regard to any attempted anticipation (except as may be
speoiticallY provided hereinl, pledging or assignment by any
benefioiary ot my e.tate or ot any trust created hereunder and
without regard to any claim thereto or attempted levy, attachment,
seizure or other process against said beneficiary.
ITEM Kl Any person other than My Wife,
who shall have died at the same time as I or under such circurn-
.tance. that it ia difficult or impossible to determine who shall
have died firet, .hall be deemed to have predeceased me. If My
Wife and I .hall have died at the same time or under such circum-
.tanoe. that it i. difficult or impossible to determine who shall
have died firat, My Wife shall be deemed to have survived me. Any
pereon other than me who shall have died at the same time as any
then benefioiary of inoome of my estate or a t~1st created
hereundsr or under auoh circumstances that it is difficult or
impollibl, to determine who shall have died first, shall be deemed
to have predeoea.ed such beneficiary.
ITEM XII In the settlement of my estate
and during the oontinuance of any trust created hereunder, my
Executor and my Trust.. .hall possess, among others, the following
Page 11 of 18 page.
to
-
powers to be exercised for the best interests of the
beneficiaries; subject, however, insofar as any portion of the
QTIP Trust qualified for the federal estate tax marital deduction
is concerned, to the restrictions set forth below:
(a) To retain any investments I may have at my
death so long as my Executor or Trustee may deem it
advisable to my estate or. trust so to do.
(b) To vary investments, when deemed desirable by
my Executor or Trustee, and to invest in such bonds,
stooks, notes, real estate mortgages or other securities
or in such other real or personal property as my
Executor or Trustee shall deem wise, without being
restricted to so called "legal investments."
(c) In order to effect a division of the principal
of my estate or trust or for any other purpose,
including any final distribution of my estate or trust,
my Executor or Trustee is authorized to make said
divisions or distributions of the. personalty and realty
partly or wholly in kind. If such division or
distribution is made in kind, said assets shall be
divided or distributed at their respective values on the
date or dates of their division or distribution. In
making any division or distribution in kind, my Executor
or Trustee shall divide or distribute said assets in a
manner which will fairly allocate any unrealized
appreciation among the beneficiaries.
(d) To sell either at pUblic or private sale and
upon such terms and conditions as my Executor or Trustee
may deem advantageous to my estate or trust, any or all
real or personal estate or interest therein owned by my
estate or trust severally or in conjunction with other
persons or acquired after my death by my Executor or
Trustee, and to consummate said sale or sales by
sufficient deeds or other instruments to the purchaser
or purChasers, conveying a fee simple title, free and
clear of all trust and without obligation or liability
of the purchaser or purchasers to see to the application
of the purchase money or to make inquiry into the
Page 12 of 18 pages
--
validity of said sale or sales; also, to make, execute,
acknowledge and deliver any and all deeds, assignments,
options or other writings which may be necessary or
desirable in carrying out any of the powers conferred
upon my Executor or Trustee i.n this paragraph or
elsewhere in this Will.
(e) To mortgage real estate; provided, however,
that this provision shall not apply to real estate which
is an asset of any portion of the QTIP Trust qualified
for the federal estate tax marital deduction; and to
make leases of real estate for any term.
(f) To borrow money from any party, including my
Executor or Trustee, to pay indebtedness of mine or of
my estate or trust, expenses of administration, Death
Taxes or other taxes; provided, however, that this
provision shall not authorize borrowing from any portion
of the QTIP Trust ~Jalified for the federal estate tax
marital deduction.
(g) From the same source as from which Death Taxes
are to ue paid in accordance with ITEM I, to pay all
costs, Death Taxes or other taxes, expenses and charges
in connection with the administration of my estate or
trust, and my Executor shall pay the expenses of my last
illness and funeral expenses; provided, however, that no
such costs, Death Taxes, expenses or charges in
connection with the administration of my estate shall be
paid from the assets of any portion of the QTIP Trust
qualified for the federal estate tax marital deduction.
(h) To vote any shares of stock which ferm a part
of my estate or trust and to otherwise exercise all the
powers incident to the ownership of such stock and to
actively manage and operate any unincorporated business,
including any joint ventux'es and partnerships, and to
incorporate any such unincorporated business, with all
the rights and powers of any owner thereof.
(i) In the discretion of my Executor or Trustee,
to unite with other owners of similar property in
carrying out any plans for the reorganization of any
corporation or company whose securities form a part of
my estate or trust.
Page 13 of ],8 page.
......
~eoision made in good faith to use a partioular valua-
tion datel nor, as a result of such deoision, shall any
oompensating adjustment be ma~e in the amount of any
gift \.m~er thi.s Will to my spouse intende~ to qualify
for the marital deduction for federal estate tax
purposes.
(d) My Executor is authorized to elect under
Section 2652(a) (3) of the Internal Revenue Code of 1986,
as amended, (the "Code") to treat me as the transferor
of any qualified terminable interest property with
respect to which my estate was allowed a deduction under
Section 2056(b) (7) of the Co~e and to allocate any of my
exemption from federal generation skipping transfer tax
un~er Section 2631 of the Co~e to any property as to
which I am the ~eemed transferor under Section 2652(a)
of the Co~e, regardless of whether or not the property
with respect to which such election or allocation is
ma~e is part of my probate estate. Any such election or
allocation shall be ma~e in the sole ~iscretion of my
Executor and shall be bindi.ng upon all persons,
including the then trustee of any inter vivos trust
created by me, and such Executor shall not be personally
liable for exercising any such discretion in good faith.
My Executor or Trustee is authorized to divide any trust
created hereun~er or by inter vivos trust created by me
j,nto two or more separate trusts if such separation, in
the sole discretion of my Executor or Trustee, is
a~vantageous to my estate and the beneficiaries of my
estate or a trust created hereunder or by inter vivos
trust for the purposes of application of the federal
generation skipping transfer taxI provided, however,
that such separated trusts shall be held, administered
and disposed of in accordance with tenns hereunder or of
the governing instrument as identical trusts in all
other respects.
ITEM XIII:
If at any time any minor shall
be entitled to receive any assets free of trust by reason of my
death, whether payable hereunder, by operation of law or
Page 15 of 18 pages
otherwise, I appoint the Trustee hereunder as Guardian of such
assets authorized by law payable to such minor. The Guardian may
reoeive, administer and shall have full authority to use such
assets, both principal and income, in any manner the Guardian
shall deem advisable for the best interests of the minor,
inoluding college, university, graduate or other education,
without securing a court order. The Guardian shall have all the
rights and privileges in its capacity as Guardian a13 are herein
granted to my Executor and Trustee as to my estate and any trusts
created hereunder.
ITEM XIV: I hereby appoint my son, DANIEL
M. JONES, as Executor of this Will. If for any reason he should
fail or cease to act, I appoint FARMERS TRUST COMPANY, of
CarliSle, Pennsylvania, as Executor. All references in this will
to my "Executor" shall refer to my Executor or to my successor
Executor, as the case may be.
~: I hereby appoint my son, DANIEL
M. JONES, and FARMERS TRUST COMPANY, of Carlisle, Pennsylvania, as
CO-Trustees of any trust cre~ted hereunder. If for any reason
either of them should fail or cease to act, the other or others
shall act or continue to act with all of the powers granted to the
two of them. So long as my son is CO-Trustee, he shall not
Page 16 of 18 pages
III i ''In'l',~ I n '1;'1
CO\IMONWt:t\l.1110f f'f NNc;VI. 'IM..jI^
IN!!! fll r Mj(;f: fflX PL rUlIN
flr ~llL1E N 1 O[ (:1 Of N 1
SCHEDULE C 1
CLOSELY HELD CORPORATE STOCK
INFORMATI N REPORT Ploaso T 0 or Pllnl
ESTATE OF Richard ,), ,Tone" " FILE NUMBER
1\~~~~~3~~~:~I~~~~;~~~~;~~i:rc:~~~~If,~~~~;~~~I~:,~,~~~~I~~:'~~:~~:h~::o~e;~':':~;I~Ck=='~=:':'.~':'....=
I B Complete copiCS of financIal statementt 01' complete copies of the Foderal Tax Returns (Federal Form 1120) for the year 01 death and 4
I preceding years
C, Statement of dIVidends paid each year, Llstlhoso doclared and unpaid
o List names 0/ oHicors, salaries, bonuses and any other bone fits received from Corporation
E. II tho Company owned roal eslate, submit a lisl showing tho complote address/os and otllmated Fair Market Value/s If Roal Estate
Appraisals have been secured, please attach copies
F List pnnclpal stockholders al date 01 death, number of shares held, and relationship to decedenl.
_9.:.A'lY...Q!h~.~.!.Qrmatlon r,elative to the yal~E!!9lLof the _C!9..c.sdont's. inter~L.~~.__~_~_____~ ______.__~"___._._____.._.__..
;~:1..96. 0817
1. Name 01 Corporation _$j) V~:t;_._f2pr i~.h~~ t~.~~_1.._J.rlQ.'_~_~__ Stale 0/ Inc, PA d_____"...
Street Address 214 North Ba1timoF~.Avel).H~______ Daleoflnc 01/06/1949 .____._.~...
Cily Mt, HollySprinqs Slate PA Zip Code 17065 TOIaI Number of Shareholders ...1__._____.
2. Federal LD. Number 23-1623180 BuSiness Reporting Vear 01/01/1996 !0--.!-_lli!.L1.9_9.~.,
(Same As Federal Form 1120)
3. Type of Business Entertainment Product Outdoor Theater
4. STOCK TYPE TOTAL' SHARES PAR VALUE T . ""." _rn ]
OUT,?TANDING =t= BY,jlECEDENT ___
Common ~O,OO 0,00 1,255,00 ,___
Preferred 0,00 0.00 __Q.."QL..___
ProvIde all rights and restrictions pertaining to each clan of stock.
5. Was decedent employed by the Corporation? W Yes 0 No
If yes, Position Theater manage.r Annual Salary $
(part'-time)
6. Was the Corporation indebted to the decedent? D Ves [i] No
II yes, provide amount of Indebtedness $
3 ,000. OOlime Devoled to business 10 hrs per wk.'--,_
(Seasonal)
1. Was lhere life Insurance payable to the corporation upon death of decedent? Dves [!] No
II yes, Cash Surrender Value: $ Net Proceeds Payable: $
Owner of Policy
8. Old the decedent sell or transfer slock of lhls compan~l"ln on~ar prior to death If the dale of death was on or after 12/13/82 or within
two yoars lIthe date of deatl1 was prlorto 12/13/82? ~ Ves U No
Ilyos WTransfer o Sale lofShares___~...!..CWansfereeorPurchaser Daniel M, Jones
Consideration $ ____.2..:. 0 Dale 12 / 31 / 19 9 5
Attach 11 separate sheellor additional transfers and/or sales.
9. Old the corporalion have an Interest In other corporatlons or pannershlps? D Ves [i! No
If yes, report the necessary information on a separa\e sheet, including Schedule "e. 1" or "C.;!" for each Interest.
10, Was there a wrlUen shareholders' agreement In effeC1al the lime of the decedent's death? OVes Ii] No
If yes, provide a CCtpy 01 the agreement
11. Was Ihe decedent's stock soldl 0 Ves [i] No
If yes, provide a copy of the agreemenl of sale, ele
12. Was the corporallon dissolved or tlquidaled after the decedent's death? 0 Ves Q No
If yes. provide a breakdown 01 liquidation distributions, etc, Attach a soparate sheet.
COPYright (e) \994 'o~m I('dl~.r& onlv CPRy.lllml. loc
form 1500 Sctled\JIIl C-1 (nfl~ .1f1?l
FOln' 1120S
U.S. IlIcome Tax Return for an S COlporatlon
"I
~__~~~!~~__! ".~_r~.-:~~.
,
I 1992
..I
(J~pl'tm',iI nll/Ht TI~.uVII'
1'111'''/11 R.~.nu. :.',II''''~'
""' ,:,lll1'ldM ,~~I \'.'11 'J! I~. ylM 1)~'J'n""\~
, , 'I Il. ~II,! nll'l'''iJ ,
C Employer IdenUllcallon no,
23-1623180
---
o Dalo II1corpl)ralOd
01/06/49
E Tol.1 ."01. (.eo SpoClllc
InSlrllGtlonS)
78,335
Amonded ralum
(4)
ChICk thl' b(l~lf thl, 5 corpOfltlon It .UbJICllo lh, 00'1'0110"'0 IU(!11 ploe,ourU of 1tcliorIJ 1124' ItHough 1I24!1lulln'!fIlCllon. blrOr. chlcklng lht~ bo_)
Enler number 01 shareholders In the corporation 81 end oll1m lax year,
~o
.. 4
CIUllon: Include ontv tTade or business Income and Ol<DOnSOS on lin09 18 throuah 21.
1. atoU'le'IPttorlAl..1 29 I .30Q b l...ulIluln.lndluowlnc.-;-r
2 COS! 01 goods eold (Schedule A, line B),
3 Gross profit. Subtract line 21rom line 10
4 Nel gain (1088) Irom Form 4797, Par1 II, line 20 (allsch Form 4797)
5 Olt,,,, Income (loss) (sooln9lructlons) (anach schodule)
8 Total Income (loss), Combine line. J Ihrounh 5
7 Compen8lUon 01 offIcers, , .
.. 5a1arles and wag.sl
9 Repairs,
10 Bad debls
11 Renls, ,
12 Taxe.. , , , , , ,
13 Inler98l, , , ,
141 Depreciation ('00 InalT\JcUon.) , . , , . , .. , . .
b Depreclallon claimed on Schedulo A and oIsewhere on relurn.
c 5ub~aclllne 14b from IInel4a. """ "
15 Depletion (00 nol deducl 011 and gu dtpl.Uon,) ,
1. AdvenJslng, . . , , , , , , . . , ,
17 Pension, pront-sharing, olc" plan. .
18 Efll'loyoo benefit programs, , , , ,
19 Olher deductlona (Boolnslructlons) (alloch schedule),
20 Total _cUon., Add IIn.. 7 Ihrough 19 . , , , . ,
21 Ordlnarv Income Ooaollrom Irado or busln..s acllvlll... 5ubtraclllno 20 Irom line 6
22 Tax:
I Ex..... nel puslve Income lax (anach ochedule) . , , , .
b Tax Irom Schedule D (Form 11205) , , , '. " '"
c Add lines 22. end 22b (900 Instrucllons lor .ddltlonallax..)
23 Plymonta:
I 1992 ..tlmalod lax plymenl8, ."" " 230
b Tax depoolle<l wllh Form 7004, ."., 23b
c Credit lor Fedelallax paid on fuel. (anach Form 413B) , ,230 ,
d Add II_ 231 Itvough 23c , , , , , , , , ,. " 23d
24 EOUIT141od lax penalty (see Inslructlons), Checl< II Fonn 2220 Is ."ached , , . ~ 0 24
21 'ru du... Ilth,'otalaf Mn.. 220' 2ClIl&flltf thin ~n. 2Jd, anta, Imount owed, S..lnlt, lor d'POlltary method of Plym.nt .. 25
211 Ov<llplymlnl - II line 23<1 Is larger Ihln Ihe 10lal 01 IIn.. 22c Ind 24, enl'" amounl oVllfllald . ~ 28
27 Enl'" amounl 01 line 2e you want: Crodlled 10 1993 ..Umlled \.ax ~ Refunded ~ 27
Und.r p.n.ltftt 01 ~"IU'y, I daolar,'hlll hili. 'XI~nfn.f.I till. "furn, Includlnglccompanylllg .ch.dul.. .nd 'l.l.m.n~}o ~b"l of my .I'\OWI'Ull'ij' .1111(1
Pi.... b,hl, Illltru" eon,c,t, Il'\d co"'plet.. O,clltatJon 01 ptlpltl' (oth.r lhln tuply.r)I' bU.lt on IlIlnlO''''lllon 01 W~I~I'I""..;I: 11'\1 b"~ .
Sign I I~'
Here ~ J ~
r Skinllure 01 01flc8r ol'e r Title
~%f.a ~ /je: ", (,.I ,(' I-!!~, ,114,/,11, ~T~ I{ //.1 ~=v~r'.
r"m''"'~' ~ ~9Y.~..&., ~~ .t:~~r;,f.. ~f~~.... __... _.. _..... __ __.
:~1~i~H~:'dl' 2~f," .~?~L?_3_g~.... 0"...0".. ........ - -....". .0"
Soo tho lnslrucllons lor moro inlormation.
I c Sel ~ 10
2
3
4
5
~ 6
7
Bo
.. 9
10
11
12
13
91,
, .,,,:
14c
15
16
17
16
19
. ~ 20
21
. ,
... See Sf! a'a'e Instruction!,
A Dale 01 (llocliOn 88
an S Corporallon
U..
IRS
lab.l,
Oth.r..
wi..,
pleu.
print
or typo,
SILVER SPRINGS THEATRE CORP
.J2].D 7 7 2
8 Business code
no. (900 Spoclflc
InstrucUona)
214 N BALTIMORE STREET
MT HOLLY SPRINGS, PA 17065-1203
7830
F Chock applic.bla box"": (I)
G
H
IIl!\jaJ relurn
(2)
FInal rolurn
(3)
Chango In addross
I
n
c
0
m
.
.
.
.
I
,
0 .
0 ,
d ,
u .,
c
I I
I .
0 ,
n
0 I
I
m
I
,
.
I
I
.
,
.
~
b Loss lob. cledll
c Bal ..
"I ;401 .
, ,114b I
T
.
x
.12201
,I 22b I
.
P
I
V
m
.
n
I
I
29~
303
28,997
28 997
694
7,954
2.966
91
433
7 ,541
19.679
9.318
"
22c
,
Plld
~~ u
I Preparer's social socunty no.
nl 209-12-6630
.-.-----.
prep.r.r'.
UHOnIy
EI. No. ~ 23-1311005
ZIP Co do ~ 17001-8300
0113 FOt PlpltWIHk R.ductlon Act Notle., J.U Inlt,.
CIlPynght (e11U210rm lollw". only e.nl.r PI.e. SollwI".lnc..
Fori'll 11205 llg92l
SILVER
NGS THEATReS INC WI 23
11.80
Cost or Goods Sold (SOEl in~tnlcllon~.)
Irwanlory 81 boginnlng or YOnt
Purchases,
COst 01 labor.
Additional section 26JA cosls (s&O Instructions) (aUach schodulo)
Other cosls (attach schedulo) ,
Tol.Il, Add lines 1 Ihrough 5, , ,
Inventory al end 01 yoar '
COlt of goods .old. Subtract line 7 Irom line 6, Enlor hero and Or) page 1, IIno 2-
Check all methods usod lor vnlulng closing Inventory:
(I) ~ Cost
(II) Lower of cost or mar1<slss doscrlbed In Rogulallons SOCllon 1.471-4
(Ill) Wrltodown of "subnormal" goods as described In RegulalJons sectlon 1.471-2(0)
(Iv) Olho< (spoclfy roolhod usod and Inach e'planllion) ~
b Chock If tho LIFO Invontory roolhod was Idoplod IhlslOJ( yo" lor s~y 9~~d; ili ch';;;ko'd~ 'Iilach 'F~;r;'; gio')" : '.' ............ . ... ... ~ D"
e Illhe LIFO Invontory 1l18lhod was usod lor Ihlslax yosr, onlor porconlsgo (or amounls) 01 closing
Invonlory conlluted und.. LIFO, , , , , , , , , , , , , , , , , , , ,
d Do Ihe rul.. 01 BOCtion 2&:lA (lor property produced or acquired lor r..aIe) apply 10 Ihe corporation7 ,
. Wu there any chlnge In dolermnlng quantlUes, cost, or valuations between opening and clOSing invenlor)l? .
If "Yes," anech ellplanatlon,
I Sohedule' 811- Other Information
P;,ge 2.
\
2
3
4
S
&
7
8
303
303
303
'~o
.. Yes ~NO-
. ' Yes D No
Yes No
1 Chock roolhod ollCCOunllng: (I) CRJ Cash (b) 0 Accrual (e) D Olhe, (.poclly) ~ . _... ..... _....... _ _. _., _
2 Refer 10 Ihe Ust In the In~trucUons and slate (he corporation's prlnclpaJ;
(I) Business acW11y ~ .~l:I:I:l?R'!'A!~f:lF1l:1:I:......... (b) Produol or aotvlce ~ ~l!:I:1?~9R. :r:1:I.~~:r:I3.~........
3 Old the corporallon III the end 01 the tax lJear own, dlroclly or IndlrecUy, ~% or more of the vollng stock 01. dOfllQsUc corporaUon? X
(For ruleo 01 IltI1bution, NO aection 287(0),) II 'Ye.: Inach I schedule showing: (I) name, addrasa, and employer
IdenUllcltion number Ind (b) p..conllge owned. , ,
4 W.. the o.orporltion I member oil conuolled group .ublocllO Ihe provl.lens olsocUon 15617 , X
5 At any time during catendar year 1992, did the corporation have an Interest In or I signature or olher aUlhorlty OVOf a financial account
In I foreign country (such as a bank account, securltles lecount, or Olh8f' fInancial Iccount)? (See lnstrucllons lor
e,ceptionoand nllng requlremenl8 lor lorm TO F 90-22.1.). . , X
II 'Y..', ent..lhe name ollhe lorolgn counlry ~ ... _ . . .. . . " _ .. .. . . .... .. . _ . . " . .. . . . __ . .. . . . " . .. . _ .. . . .. .. . .. __ . .
8 Was the corporation lhe grlntor 01, or tranaferor 10, a for8ign trust that existed during the cuneol la>c year, whelher or not (ho
corporltion has Iny beneflcjal Inl""lln"7 II "V..: Ihe corporlllon mlY hive 10 me Fonns 3520, 3520-A, or 926 X
7 ChocIc Ihls box" lhe corporltion has med or I. required 10 file Form '2114, Appllcallon lor Reglsuallon 01 a TOJ(
. ~=;hl~ ;,.;,'" t~ ~~o~l~n"~e~ ~I;~~O~~~ 'd~b; I~~~';"nI' wilh orIglnol I..uo discount. .: 8
If 90, the corporlllon mlY hive 10 IIIe Form '2'1, Inlormltion Rerum lor Publicly Oll..ed Original I..ue Dlscounllnslrumenls
I Illhe corporltlon: (I) mlld Ita election to be In S corporltion 1110< 190&, (b) was I C corporlllon beloreII elocled 10
be In S corporltion or the corporltion acquired In ...., with I basis determined by rel..ence 10 Ila blsla (or Iho
basi. ollny other property) In lhe hlnde oil C co'porlllon, Ind (e) has nel unrealized bul"-In gain (delined In aecllon
1374(d)(1)) In e,ceaa 01 the nel recognized buiHn gain Irom prior year., anter Ihe nel unrealized built-In geln ,educed
by nel recognized buUHn geln Irom prior yoar. (see InsUucllons). , , , , , , , ,~ _...... _........ _.. _.....
10 ChocIc IhilI box" the corporltion hid subchaplo< C earnings Ind prollts lllhe close ollhe IOJ( year (.eelnslrucllons), ,. ~ [R]
11 W..lhl. corporltion In operltion "' the end 0119927 X
12 How mony monlha In 1992 waslhl. corporlllon In opo<allen7 12
C"'gnatlon of Tax Matle,. Peraon (See Instrucllons,)
En'o< below the shl/ehold'" deoJgnllad as Ihe lax man,,", per..n (iMP) lor lhe Ill( year 01 thll re\Urn:
Name 01 II. Idenllfylng II.
~naledTMP , HELEN M JONES number 01 TMP , 204-26-9981
Addr...ol II. 214 BALTIMORE AVENUE
~lledTMP , MT HOLLY SPRINGS, PA 17065
F 0' P,p.,work Mlduchol'l Atl Nolin, ... HIll',
ClIPI'1!ghl Ie) 1"2 fnrm loft......" Dilly C,ntl! F'IIIU ~af\W.f'. Inc.
ro,m 11205 PUll
SILVU, NGS TIiI::A'!'I{E~j !tIC IIJ# .~ l
Form 1 \205 ~_
SCh8duIQ~~reholders' Shares or Income, Credits, Deductions, elc,
liBO
P:l'jo3
---'-~'.'._~-,--- -----. - ---_._---~ ~- _._ . ..____.__.__m.__.____.
___._------1~~.::~.::~<1IO 110~~___..__~~_ (b) TI)lal c1r1'oOllnl
-_.._~----
1 OrdlnalY income (loss) hom trodo or bUSIIlOS9 actlvltlos (page 1, IIno 21) -'-. .9..LJ_~.f!.
2 Nollncome (loSs) Irorn rDnlal roal oslate ac\JvlllOS (allactl Fornl 8825) 2 J.Cl.J 0 0 0
3.11 Gross Income from other ronlaJ aclJVltlos, , ~
I b Expenseslrom othOI rental aclivllies (anech SChodule). .31>
n
c c Nellncome (loss) Irom othor rontal Bellvillo9, Suhlraclline Jb from II no 3a 30
0
m 4 Ponlollo income (loss):
0
. lnlorosllncome , 40 JL~~
L b DIvIdend Income 4b
0 o ROYltty income , 40
.
. d Nol.hon-I.,m Copllol goln (Ioos) (OI1.ch Sch.dul. D (Fo,m \1205)) 4d
, .
o N.,long-,.rm copllol g.ln (loss) (.I1.ch Sch.dul. 0 (Form 11205)). 40
I OlhOl portfolio Income (Ios.) (1l1lch sch.dule) 41
5 N., glln (loss) undOl oooUon 1231 (olh.r '''.n duo 10 c.,uolly or Ih.h) (1110Ch Form 4797) . 5
I OlhOl Income (1099) (.n.ch .ch.dulo). , 8
1 Ch..11.ble conl1lbuUon. (....In.trucUons) (.l1ech sch.dul.). . . , 1
0 I SocUon 119 .xpen.. d.ducUon (.l1ech Fo,m 4562), , 8 8,000
0
d . O.ducUon. r.lat.d 10 portfolio Income (loss) ('00 Insl,ucllon,) (lI.m,.). 9
.
10 Olher d.ducllons (.naeh ,ch.dul.1 , \0
II 11. lnt8f'Mt elCpense on investment dabts . 111
nn b (1) Inv..tmonllncome Includ.d on IIn.. 4.,h,ough 4f lbov.. ~ill ~.2
v I
(2)lnv..tmenla,p.n."'nclud.d on line 9 abovo llb(2
121 Cr.dll for alcohol u...d IS . luel (.lIlch Form 6418), . 12.
b Low~jncome housing Cl'Qdll (nee Instructions):
(1) F,om partn.r.hlpllo which oectlon 42U)(5) oppll,,'or prop.rty plac.d In servlca bolor. 1990, Il1l(1
C (a) Olher Ihln on line 12b(l) lor p,opony pl.c.d In sorvlce bolor. 1990, J.2!?0
r "',' . 1----
r (3) F,om partner. hip. 10 which oecUon 42U)(5) oppll.. 10' p,op.rty plllC8d In llOIVlc. .hOl 1969, 12b(3
(4) Olher Ihln on line 12b(3) lor propony pl.c.d In llOIVlc. ah.r 1969, " , , , Il1ll4
I o Quollflod 'oh.bllllatlon .xpendlill,.. ,elol.d 10 ,.nIN r.oI "III. ooUvlUes (al\och Form 3458) , 120
d C,.dllll (oll18llhan cr.dll. .hown on II""" '2b and 12c) relal.d 10 r.nlol '.01 ..191. .cUvIU.. ' ,,',
(.... In.trucUon.) , , ",. , , , ,." . " , '" , 12d
o C,.dlt. ,eI.,.d 10 olher ,.nlll acllvlU.. (.... InsUucUons) 120
13 Oth9f credit! (see Instnlctlons) . , 13
y~ 1411 Oop,ocIoUon adlustmenl on p,oporty pl.c.d In servlc. .lIor 1988. 14. -J6
b Adlulled goln or 100. ... , , , , , , , 14b
" o OopleUon (Olher thon 011 .nd g..). , " , , , , , 140
T I d (t) GrOIS Incamo from oU, SU, or (I00lhormol p,oportl.. . , , 14d11
00 (2) D.ducUons lllocoble 10 011, gu, or goolhermol p,oportlaa, , 14d{2
.m 0011181 .dlustmonlO and lax pr.f...nce Itomo (.n.ch sch.dule) ,
. 140
15. Typ. 01 Income ~ ............................................................................ !i]'!!!II:!'I!'
~T b Nomo of lo,elgn oounlty or V.S, po_lIIon ~ .....................................................
r I o TollI gro..lncoll>l1 lrom lOurc.. outside lhe Unll.d 51.1.. (al\ooh schadul.) , , , 150
o. d TOIII oppltclble deducUona .nd 10_ (.l1ach schedul.) . 15d
I 0 . . , .
X. o Tolllloroign lax.. (cheel< one): ~ 0 Paid D Accru.d, " , leo
.'--
, Reduction In tax.. .1I"oblo lor credit (.nach schedule) ". , , , 151
a Olher fo,oIon lax Informollon (.l1ach schedul.) . lSa
I" Tolal oxp.ndltur.. lO wl1lch 0 oecllon 69(.) oIocUon mov oppl'f ' , , 18.
b Typ. 01 oxpondl1u,.. ~ .........................................".................................. !!,,:, ,11.: !.
11 TIII-.xOl'fllt Inl..09t Income, 11
11 Olher 11II-.xOl'fllt Income, , , , .., , " , ,.",." , ",..,., , 18
11 NondeducUbIe oxp.nsoo , , ., , " , ,'.'" , "".", , 11
X ao TOlal property dlatrtbullono (Incllldlng c..h) other Ihln dMdencla '&poned on Une 22 below. .~
. 21 Other ~omo .nd amounto ,.quUed 10 bo r.pon.d .&pOl.tely to .h....hold... (.... In.truoUon.)
r (1l\och schedule)
:12 Tolal dividend dlstribullona paid f,om occumulal.d oOlnlngs ond proffls, , , , , 22
:l3 lnoon,o (10") (R.qul,ed onl'f II Schedule M-l musl be co"..,lel.d,), Combine II_ 1
Ihrough 8 In column (b), F,om tho r..u", subUocllh. .um of lin.. 1lh,ough "., Hlo, .nd
18. , 23 14,681
For P.~"wllrtl R,ductlon Act nolitt, 1I'llnlll.
Copyright (e)1RU 101m lollw." only Ctnll' P.lce Sollw,", Int,
Form 1120S (liHI
~F~~;,~~~gs~-lJ Shareht. ... '5 Shar; ~~ ~~~:~~~~I~~;O~:ts, Dt.:,,~~t10I1S, etc. I')'M\""'~~:I:~:)\]I)__
()~lllflnl'''! 'JI Ill" 1'~'lu'Y For calend.u year 1992 or tax year I 1992
Inl",,_1 fh...n""~= begInning , 1997., olnd endln , 19 I
Shareholdor'. Id.nUlylng numb.r ~_l2.1- 3.2.- 5 2 iL.___ Co Or!1I0n:S~.nUlylng numb., ~~ 162 3 1~.__,
~hftrohDldor'9 n&mO, addross, lInd ZIP r;ode Corporllllo,1's rlarTlO, IIddro~3. und ZIP codo
PENELOPE DEMELLO E SOUSA SILVER SPRINGS THEATRE CORP
RUA PERI 126
JARDIM BOTANICO
RIO DE JANERIRO, BRAZIL 22460
214 N BALTIMORE STREET
MT HOLLY SPRINGS, PA 17065-1203
A Shl1;~d&f'8 p8rcenlage of stock ownership lor llJ( year (see In91llJcUon9 lor Schodule K-l). ,.. 4 . 811"io
B IniOln81 Rovonuo Servlco Conlo' whoro co,porallon lIIed 119 relurn ~ .~f:l.I.~!\I?_E;~RJ:l.I.~.... .~~..........,........... ......,..'......,..'....
C (1) TBX .hollorrogi.traUon numbor ('00 In,'rueUons lor Schodulo K'l) . ~ .... . . .. .. . .. .. .. .. .. . .. . . . . . . ..
(2) TVpo 01 IBX shellOl ~
0 Chock .oollc.bl. bo'e.: . iii' n 'Fi~~I'K--"" ... i:il Tl' A;';';~,j~d' i<:; . ....... ............ .. ... . . .......... ....'....."
(a) Pro rala share IIams (bl Ar<1Ounl (e) Form 1040 Wers ontor
1110 IIfnounl ~ column (b) on:
1 OrdInary Income (loss) from trade or business actlvltios . 1 449 ~~oe Shareholder's
2 Nellncome (loss) from rontal roal 091810 aclivlUos 2 481 Inslruellons lor SChodulo
3 Net Income (loss) from olher rontal aellvlllos, 3 K-l (Form 1 \205),
. Portfolio Income (1089): I',.;,
a InIOl..I , " , . , 4a 162 Sch. B, Part I. line 1
Income b Olvldond.. , 4b Sch. 0, Part II, line 5
(Lo..) 0 ROVllU.. , , " , , , 40 Seh, E, Part I, IIn. 4
d N., .hort-IOIm capll81 g8ln (loss) 4d Sch. 0, IIn. 5, col. (~ 0' (g)
. N.,long-term capll81 g.ln (1089). ,. , " , 4. SCh, 0, Iino 13, col. (~or (g)
f Olher portfolio Income (1089) (In.eh sch.dul.) 41 lEnt.ron.ppl.lln.olyourr.turn,j
5 N., gain (1089) undOl secllon 1231 (olhOllhan duo 10 cI.u8lly !i11!":!;1 Su 5h.f.hold./,s In~t/ucllons
or \110M) , , . , , , .." . .,.,. , . . 5 '0/ Sch.dul. "" \ (Fill"' 11205),
. Olher Income 110891 (IMach schodulol. , , , " , . IEnlllon.ppl,hn'o'youfrllurn.1
7 Chartl.ble conlribuUon. (seo InstructJon.) (IMlch schodule). 7 S6h,A, IIno 13 or 14
Deduc- . SocUon 179 .'ponso doducUon, , '" . ..,..., , . 385
Uona . O.ducUon. relalod 10 portfolio Income (10..) (Inach schedule) . ~all' Sh."hold.r'S II\Ilructlon.
10 Olher dOductlon. (aMlch schedulel , . . , 10 10/scherlull K-' (Form 1 \20$).
Inv..'- 11a Inler..'o'ponl8 on Inv..lmonl dobts. , . lIa Form 4952, Iln. 1
ment b (I) In...lmonl Income Includod on lines ..Ihrough 4Iabo.., bll 162 Sill Sh.reholdlr'1In.1rucllon.
In'ar..' 121 In...lmonl o,o.n... Includod on IIn. 9 lbov. . bl2 lor S"hldull K..l {Folm 11205),
1211 C,.dI1lol' Ilcohol usod .. luel, , " , , , ~ I='orm 6476. line 10
b Low-Income housing crod~:
(1~ From IIc110n 420)(5) plttnlf.llip. lor pfOPlfty plaCid In UNlce before "110 , bll
(:.1~ Ollllf Ihln on Wi'll 12b(I)forpfopltty plaCid In UNite b.folll110, , . . b(2 Form 8588, IIno 5
(3) Prom IIctlon 42ij)(5) p.rln.,.hlp, fo' p,op.rly p!lced In ..Nlceafllt 1'''. b(3 --
Craclta (4) Olliff than on Nnl 12b(31'0' properly pl.lced In "Nice,ller lR... . bl4
a Quallllod rehlbllllaUon o"".ndltur.. relalod 10 'onl81 ro.' ..,II. :-iilt'
11,,11111111
ICtJvIUeo (180 InotrucUon.). . , , . " . ~
d Cr.dIts (olher Ihan crodlts shown on IIn.. 12b and 12c) ,olll.d 10
S..Sh.llholder'.JnllluctIO!\l
ronlal real oalal. acUvIUoa (800 InstructJonsl, '. , 12d
Cr.dlts ,lIlalod 10 olh.. r.nl81 scIMtJeo (.... In.trucUon.) 12. 10f Schldull K-I (Form \1105).
. " ,
13 Olher cr.dlts (.... InstrucUon.l , 13
AdjuII- 140 OeproclltJon Idju.lmonl on property placod In 8OIV1ce IMOI1986 . 14a -2 Soo Shll.hold.,'.
monta b Adlu8lod gain or 10.. , , . '. . ." , " , ~4b InslrucUons lor
and Tu a DepIoUon (olher 'hln oU Ind g..) , ,. , "...,. . " , 140 Sch.dul. 1<-1 (Form
Pral.,- d (I) Gro.. Income hom o~, gu, or geolhermal proportJoa , , . d(1
..... (2) OeductJono 81locable 10 oU, goo, or goolherrnIJ proportift , d(2 11205) .nd In.trucUons
la, Form 8251
lIaml . Olher Idluslmonls and IBX pr.I....net ~oms rlnach schadulol , I..
F:n PIPIt..arll Rlductloll ~ct Notlel, ..,lnll"
COPYf1ghl!ell.l2lolm loltW'" only e.M.r Plee. SOU".II, Inc.
~orm 11205 SCtl'dui.K~1 (l'it~l
Sh."ho,".'" Sh,,, of '",om., C"Olto, Doc "'"0"', "" i'''" ". ."""""._
. See uparate In"trucUons,
For col.nd.. yo.r 1992 0' la, y.., 1992
OtplrlmtnlollMtTIUtUly
Inl,rllll R.....l\u. SllVlce be Innln , 1992, and endln ,19
Sharoholder'. IdonUfylng numb.~ 188 -14 - 2 m- Co or;tlon'. Idontlfylng ~umbor.' 23 -16 2 3 180_.____
Shlloholdor'y n&mO, address, and ZIP code Corporallorl'a name, addroal!', and ZIP code
RICHARD J JONES SILVER SPRINGS THEATRE CORP
214 BALTIMORE AVENUE
MT HOLLY SPRINGS, PA
SCHEDULE K-l
(Form 1120S)
17065
214 N BALTIMORE STREET
MT HOLLY SPRINGS, PA 17065-1203
--- -- --
A Shale holder's percentage 01 stock ownership lor lax year \soe InsltuctJons for Schedule K-1). .. 45-:-1890,'0
B Inlernlll Revonue Service Cenlor whero corporollon IlIod ilS relurn . PH I LADELPH IA, PA .. ..... . ' , .
C (1) Tax shollor r09lstralion number (soolnslruclions lor Schodule K-ii.... _........ -...... --.~::::::::::::::::::::::::::::::::
(2) Typo 01 lax shelter .
D Chock .ppllcablo bo'!": 'i;i'r--TFi~~'K-l"'-"i21'r--T'A;~~d~dK:;'-'-"'--"""'"-........................"...
(I) Pro roll sharo 1I0ms (b) Amounl (0) Form 1040 IiICH9 enlor
lhe amount in column (b) on .
1 Ordinary Income (10..) ~om trade or buslnoss oclivltles , , , 1 4,211
2 Nollncome (loss) Irom renllll roal eatate acUV'llIs9 . 2 4.519 ~:eo Sharoholdor's
, , Instrucllons lor SchOdLJla
3 Net Income (loss) Irom other rElnta! acUV'lUes, , , 3 K-1(Form 1120S),
4 Portfolio Income (loss): I.u""
I Inl"'''' , , , , , . 41 1. 520 Soh, B, Par1I, Ii no 1
Income b Dividendo. , . , , , , 4b Soh, B, Part II. IIno 5
(1.0") e Royalties ., . , . , , 4e Sch. E, Part I, lino 4
d NOI short-term c""llaI g~n (1000) ~d Soh, D, IIno 5, col. (n or (g)
I Nellong-Iorm capllal g~n (loss), , , , , 40 Soh. D, line 13, col. In or 191
1 Olher portfolio Income (Ios,) (anach schedule) , , 41 (EnllronIPpl.llnloiYOllrrIlUHl,j
5 Nel gain (loss) under ooclion 1231 (olher Ihan du.,o casually ,lillillil!! 5.. StI"llholdlr'lln.llllcl(oo.
or lhoh) , , . , , , ""'" , , , """, , " , 6 10l 5ch,dul, 1':.-1 (Fulm 11205).
e Olher Income llossl (an,ch schodule), , , e (Eolllon.ppl.llrI,olyollrrllurn.j
7 Charllablo contrlbullons (soolnslruclions) (anach schodule). , , 7 5ch, A, Ime 13 or 14
lleduo- e Secllon 179 o.ponse doductlon, , . , e 3 615
Uonl 9 Doducllons rolltod 10 portfolio Income (loss) (anach schedulo) , , 9 ~5" Shl"holdlf'llrlICIUClrorll
10 Olher deductions lan.ch ,ch3dule) . 10 fOl SGhldull "'-, (Folm 1\205).
Inv..l- 111 Interest expense on Investment debts. , , 111 Form 4952, line 1
monl b (I) Inveslmenllncome Included on lines 41 Ihrough 41 aboVo. b/l 1 520 II Sh,'tl'lold""'IIIC'\lCl(OIlI
lnt.r.'1 (2) Inv..lmenl e'pen.es Included on line 9 abovo . b12 10' Schtdult "'-I (FOlm 1120S)
12<1 Credn lor alcohol used ..fuol. , , , " , 12<1 Form 6478, line 10
b I.ow-Income houslng crodlt: 111:1;'
(1) Fro," ItC:lIon42(J)(Slp,rlnll.hlp.forj'lfOplflypIlrC:ldln..rvIu blfoFl IUO.
(2) OlhIF thin on Wnt 12b(lllo,proplrtypIloCldmllrvrC:I b.,u,. llliO. , , bt2 Form 8586, Uno !l
(3) From IIC\101'l4?'{j)j!)Plrlll.,.hlp.forpfoplflypIlC:ldin ..NICI"III' 111I1. b/3
C,_ (4)OlhtrthanonWnI12b(JJIO'PfOp.,Iypllcldi"..rvIC:IIIt111UI. , b14
. Qua/l1\od rohlblllllll.>n o'pondltu'es rolllOd 10 r.nlal roal estalo 1IIIIIIIillll
~ (_Inawcllons), , , . , , . , , , . . , , , 12e
d C,odIta (olher Ihan crodllO shown on II"'" 12b and 120) rolaled 10 1111111111,1
5.. Sh""hOldtr', II1,t,utllo",
renlal real ...lale octlvlllos (000 I""wcllons), , , " . 12d
Crodlla ralllld 10 0""" /.nlalocllvnlos (oeo Instrucllonl) 120 lor SctllduIIK.' (FOlm 11105).
0 , ,
13 Olher crodlm (... Insll~ctlon.) , , , , 13
-'dlu.l- 141 Deprocllllon Idiu.ln1Onl on property placed In service Iner 1966 , 1.1 -16 S.. Shareholde..o
menll b Adjusled gain or 10.. , 1~ InS1ructlonalor
ondTu e Deplellon (Olher Ihln 011 .nd gas), , , . 1.e Schadule K-1 (Form
Pr...,- d (I) Gross Income Irom 011, gas, or goolhorrna/ proportlo. eIIl 1120S) Ind Instrucllons
anco (2) Dlduc1lo"" allocable 10 011, gas, or goolhenna/ propertIeS , dt2 lor Form 6251
110m. I Olher adlu,tmonlO Ind lax proleroncolloms (anach schedule) . 1.0
r IH Plpll'ilW(Hk Rlduc\lon All! Nnllu, "I (n.lf.
CIlPyt'llIl'Il(cl 1111 hllm .nlt",,,," only C,",,, P1lu SOIlWII', IIlC,
For'"1120S SCtll~\IIIK"l (IU21
SCtlEDULE K-l
(Form 11205)
Sl1aroh~
.('S Share of Income, Credits, 0..._ .ctions, otc, I '-'Mil >i" ",,1',.,"'1',
.. See ..p.,aleln.ltucllon.. __L' ......-1. 992
For cillen~r VItU 1992 or lax yur
, 199,_, and endln .19
Co orallon', Id.nUlylng numb.r.. ~3 -16 23180 _._..._
Corporallon's na/llO, ac1dro~s, and ZIP carlo
SILVER SPRINGS THEATRE CORP
Uepatlm,n\1l!1I'1IITrutu1y
1"1&,nal fl.....mjl 'i,/v,ce begInning
~~~d'"'" IdenUlylny numb.~ 04 '.2 6 - 9 9 8 1
ShL\toholder'9 name, addra~, and ZIP code
HELEN JONES
214 BALTIMORE AVENUE
MT HOLLY SPRINGS, PA 17065
214 N BALTIMORE STREET
MT HOLLY SPRINGS, PA 17065-1203
ASharahOldor'9 porcenlago 01 !!lock ownership for lax year (soo In9truCtion~ Schodule K~ 1): .. 4""5:"18 9 %
B Inlernel Revenue SOrvlce Cenlo< wilero corpor.llon flied II' relurn .. RI:l_I.~[].~r,.RI:l.IJ\J., R~...................... ........................
() (1) TllX 'ilello< regl'trotion numbe, (,.. In'trucllon' lor Sciledule K-1) ... . . ...... ................ ........
(2) Type 01 Ill)( ,helter ..
D Chock oppllc.bl. box..: . (~;I.K:1...'.' i2). IT.A;';';~ci~ci i<:;........... ........ - -... ... -.......... -.. .......
(a) Pro r.', shllr. Ilems (b) Amounl (0) Form 1040 Iilars entor
the amounl in column {b} on:
1 Ordinary income (lo~) frorn trade orbusinoss activities. 1 4,210 See Shareholder'g
2 Net income (loss) lrom rental real eslate acUvWes , 2 4 519 r'-nstrucIJon$ lor SchedlJle
3 Net lncomo (108S) lrom other rental acUvitles, 3 K-1 (Form 1120S),
. Port1ollo Income (Io,s): !i::li!:!
. Inter"l , , . , .. 1 519 Seh, 8, Part I, line 1
looom. b Dividends. , , , , , 4b Seh. 8, PMll, line 5
(Lou) 0 RoyeJlios .0 Seil. E, Part I, line 4
d NOI ,horHo<m cepllel g.in (loss) 4d Sch. 0, Ilno 5, col. m or (gl
. Nollong-Ierm e.pllel galn (Ios,), , , .. Seh, 0, line \3, col. (Q or (g)
1 Olher p"rt1ollo Income (loss) (.II.eh schedule) , . 41 (Enl.iIHllppl, IIn. 0' y(jur relurn.)
--
5 Nol geln (loss) under .ocllon 1231 (olher Ihan due 10 eooualty iii:!,I'!', 5uSI1.r,110Id,r'.lnslrue!loru
or 11le1l) , .L. 'or Schedule 1<.-1 (Form 11205).
--- (Enlerllnappl.llneo1yourreturn,1
. Olher Income .JI2,.) (.lIaeilsciledule). , , 6
7 Chlfltable contributions (soe Instructions) (attach schedule), 7 ~cn.~", linG 13 or 14
o.due- . Section 179 9)(pemm deducllon, . ". , . 3 615
tion. 8 DeducUOn'J related to portfolio income (1050) (anseh schedule) 8 r Su SI1.v.hnldll'slnllrucllont
10 Olher deduellon. (all~~..!'Chedule) , 10 'M Schedul. K~1 (Form \1]VS).
, ,
InV"I- 11. Inl&f8$t expense on Investment debts. , , 11a Form 4952, line 1
m"'l b (1) Investmenllncome Included on lines 4.,h,ough 41 above, bl1 1 519 r~" Shlr,t\Old'''llnllrucl,on,
lnt...... (:Z~ tnveetment o~nse6l Included on line 9 ftbove . bl2 10' 5ct\.dultl(.~1 {FIHm 1\205).
12. Credit for ticohol ulJod as fuel. . 121 I"orm 6478, hne 10
b Lowplncome housing credit iiillil!I!I!1
(1) From notIon li2UKSjPllln.f,t\ipe'OI prop.rtypil!c.d In nr'l1c. b.lo,. 1UQ , bl1
(2) Oth., Iha" on Mn. 12b(1) Ill' proptrlypllc.d in ",vIe. b.lorll liliO. ." bl2 Form BS66, lin6 5
(3) From ncUon HU.S) p.,ln,r.tl1p.lor prop.'typllcld In ..rvie.lft., tllai. bl3 '-'---
Creclta (4) atlltr lht.non Wrlt12b(31Iurprop.,typllc.din "NIC'III.r \lUt. bl4
0 Qu&lllled mh.blllI.Uon expendl\lJres ral.led 10 mnlal reel e.lOlo ,Iii!!!,,:!,
actlvi1les (_lnst,ucUons), . --
d Cledlts (Olher Ih.n credil9 'hown on lines 12b .nd 1~t) ,alaled 10
,enlll rell &alele activities (... InslnJellon,). 12d !In Shlrltlolde,.,ln.lrucllOnl
Cfedl1a ,elaled 10 olher ,onlol octivltles (see In.lruullon.) 12. 'or 9ch,Qul' K-l (rorm 11209).
.
13 _~her cr.dll1 (_ Inst!1.lCllon.) 13
.
Adlual- I'" DoprOl'J.Uon .dlu.llmnl on properly placed In S<lfVIce aller 1860 , 1<< -16 See Shllraholder's
m...ta b Ad/uoled geln 0' 10.. ., . 141> Insln.lcUons lor
Ind Tax 0 DopleUon (olher lil.n 011 and gos) , " , He Schedule K-l (Form
Prtl.,- d (I) Gro.. Income ~om oU, gos, 0' goolhermal properllot ell 1
(2) Olduellnnl alloelble 10 011, gal, or goolhermal propertlee , d(2 11205) and Inslrucuons
- lor Form 6251
11- . Other .dlultmenl9 and Ill)( orelorencellems tOllach solledule' , 14.
FQr Paptrwo,k A.duc;:t!ol'l ",ot Notlce,.1I ine\f.
Cop'l't'igtlt (Cjlt12 lo,m loltwart only etnt., PI.l.':t Sollw"I, lnc.
Porm 11209 5Chtdul.K..1 (U91)
SCHEDULE K-l SharehCJ.~"r's Share 01 Income, Credits, DCuuctlons, ctc, I~MB~o 1'>.'>-0\:10_
(Form 11205) .. s.. ..pmt.'nstructlons, L
O,"&"mtnl 01111. TIIUlIfy for cillend.lr ve., Ui2 or '-U Y..' 1992
In(II",1 A'Ylnu. S.r"IC' be Innln ,199'2, o1nd endln ,19
~".holder's Identifying numb.~ 460 - 2 1- ~~~-=--= _CorporoUon'. Id.ntlfylng numb.'" 2 ] - 162] 180
Shareholder', name, address, and ZIP codo Corporation's name, address, and ZIP co do
DANn;L M JONES SILVER SPRINGS THEATRE CORP
214 BALTIMORE AVENUE
MT !lOLLY SPRINGS I FA 17065 214 N BALTIMORE STREET
MT HOLLY SPRINGS, PA 17065-1203
A Shlleholder's percentage 01 slock ownership for IIJl: year (seo In9lrucllons lor Schodule K~ 1). ... ... .4. : !3. ~ .1. %
B InterneJ Revenu. SolVlee Cenler where corporallon med II. relum ~ .~':l.l~ ~1?!'~~RJ:l.I.~,1" R~.. __. . . . ".,...." . .." __.. . '"
C (1) Tax shottOl regl.~IUon number (... In.truclJOn. lor Schedule K-') ~ .........................,......
(2) Typo 01 tax .hel1e, ..
o C"ock applicable be...: "Iii' 0 'Fi~~I'K':""'" (2)' O' A;';';~cio'ci i<:;'" -"". ........ ... - -.. .. ... ...... -'" .........
(I) Pro rlla .haro ne"" (b) Amounl (0) Form 1040 IIlors entor
--, the amount In column (b) on'
1 OrdlnlllY Income (10..) ~om trlde or bu.lnos. Ictlvlllos , , , 1 448
2 Nellncome (loss) Irom rental real estale activitJos , 2 481 ~~.. Sh.r.hold.,'.
Inalruc1!ons for Schedulo
a Not Income (loss) from olher rental 8chvilies. , , 3 K-l (Form 11205),
4 Portfolio Income (loa.): I"
I Inlor..t 41 1.62 Sch. B, Part I, line 1
Income b Dividends, , " , 4b Sch, 8, P8I111, line 5
(Lo..) 0 RoyeJtJea , , 40 Soh, E, Plrt I, IIn. ~
d Netohort-Ierm oaptleJ gain (10") , ., , 4d Soh, 0, line 5, col. (n or (g)
. N.,long-lerm caplleJ geJn (10"), , , , ,. , 40 Soh, 0, IIno 13, col. (n or (g)
I Olher portfolio Income (10..) (Inlch schedule) , , 41 (Enllfonlppl.lin.nlyourr'luln.f
5 Net g..n (1001) under 98CUon 1231 (olher Ihln due 10 c..ueJty niliiliii!, Su SIl."hold.r',ln,tluC;lion,
orlheft) , , , , , . , . , , , , , , , , , , , .", , ." , 5 101 SC;hRd\llt KMl IForm 11209).
1 Other Income 110..1 (ItllOh schedule). 1 (Entllon.ppt,lin.01 YOufl"urn.1
7 Charttlble cont1buUon. (....lnstnJcUOns) (Inaoh schedule), , , 7 -3'85 :>cn. A, nnol:!' or 14
Deduo' 1 Section 179 e.pen... deducUon, , , , '" , 1
Uonl 1 Oeductlons ,otlted 10 portfolio Income (1090) (.nach schedule) 1 I~s" 511."hold,,',lnU/uCllon,
10 Other deductions (Inaoh schedule) , 10 lor Sell,dull K-l lForm 1120SI.
,,' . -
Inv..l- 111 Intorll91 e.pe""" on InVOSlment debl., , '" . 111 Form 4952, line 1
menl b (I) Inv..lmOnllncome Included on lines 4a Ihrough 41 ebov8, 1>/1 162 I "UStlll'hold't'llnltruellon.
Inl.r..' ..J&.'nv..lment o.pen...lncluded ~n line 9 abeve , , , b/2 101 Scllldul. It..l (Form 1\205),
1:11 Crodltlor alcohol u...d .. luol, , , . ., , , , 121 ,orm 6~79, line 10--
b Low-Income housing credit: iliillll~iIi
(1) FrO"1 ulltlon 420)(!1 p.r1ntflt\lp, 'or prop.rly plac.d!n .eMee bel ore "10 , b/I rForm ~6, line 5
(2) Olhe, lhan on Mn. 12b(1)lor properly plaCid In U'VlCl belo,. 1810, . , b/2
(3) F,om nctlo" UijK.5jp.rtner.hlp,lor prop.rty plac.d In "'Yle. alia, leal, b/3
Crecl1a (4) Olh., Ihan on Mnl 12b(J) fo, proplflyp,,",cld In n'YIO, Iller IOU. , , b/4
0 Quamktd rehabUt1IUon 8ICpendl1ur89 relaled to renlaJ feN 891118 I:,!I,!;"I:
.c1MtIeo (0Ge InatnJcUona), , , , , , , , , , ""," . , , 12.
d Cledha (other Itlan credllS shown on IInoo12b and 120) rotaled 10 IIII!IIIIII!
S"Sh.,.holder'llnJltruchonl
rent.. r811 estate actMtlee (0Ge In.tnJctklns), , , . . 12d
CI_ ,elated to other rent.. acllv_ (0Ge Ins~ucUon.) 12. 10rSCh'dull Kwl (Form '12051,
. , , " ,
13 Olher ",lldIto (.... InstruclJOns) , , , , , , " , , , , , 13
Ad!uI'- 148 Osp,ocIaUon Idluslment on property plllC8d In sorvIce Ih", 1181 , 141 -2 see ShlleholdOl"
menla b Adlultlld geJn or 10.. , "'" , "", , 14b InstrucUon. for
and Tu . Ospletlon (other Ihan 0" Ind gu), , , , , , ."".. , 140 Sohedull K-' (Form
Pr....... d (1) Gto.. Income ham oi, gas, or geolhormal propertlas , , d/l
- (2) DlIduotlonl Illoclbll 10 011, gu, 0' !lflOlhermai propertlas , , d/2 11205) Ind InstnJoUons
-- lor Form 6251
"..... . Other Idlultmenll and lax D,eIOle"".. noma tlnlOh IOhedll181 , 14.
Fo,Paparwo," A.ducllonActNollcl,ualn.lr,
COP'I"IQhllc) I 112 lor", loll...,. only C.nter Pile. 501\...,., Inc,
FOlm 11208 !lclI'/juI,K.1 (\111)
rorm
4562
L
Depreciation and Amortization
(Including Informallon on Usted Property)
I,Mf3 t/r, 1~14"H)'72
..-..----------.-----
In ~.' ~,I 111 v III" I '1" '" r. I
s.. separale Instructlon9.
~ Attach thl, form 10 your return.
1992
67
(l.pMlm,lllol I'll T'ut",y
Nam'(II.lIoulI OIl/lIIJ'1l
l~enUfylng number
23-1623180
SILVER SPRINGS THEATRE CORP
Bugjnoss or activity to which thi9 lorm lohU89
OUTDOOR THEATRE
I Part IlElecllon To Expense Certain Ta'iiglble Property (Secllon 179) INoto: /I YOll hayo any "lIslod !'roporty,'
complatn Pan V before you complete Pari I.)
1 MA;(lmum dollftfllrnUIUon (8M InslruCtlons) , 1 1. 0 I _~ 0 0
:2 Tolal cOfll 01 section 179 property placod In servlco dUring the lax yoar (flOO instlllction9) . 2
J Throshold cost 01 sectJon 179 proporty beloro roduc.tlon In limitation 3 $ 2 0 6~ 000
4 Reduction In Umlation. Subl1lCl Una 3 from lino 2, bul do not enlor loss than ~o~ 4
5 Dollar UrnllaUorl for tAlC year. Subtrlcl Une ~ Irom line 1, but do nol enler less than ~o.. 5
(I) OIlCrl/lllOn of prop'fly (b) COI' 0) Ellctld CO'I
e
7 Usled property. Enter amount Irom line 26. .
. Total elecled cost 01 section 179 property. Add amounts In column (Cl, IIn09 6 and 7 .
. Tentallve deduction. Ent9f lhe smailOf' 0' Une 5 or Uno O.
10 Carryover of disallowed deduction from 1991 (see InSlru~tlons),
11 T&,l(lble Income limitation. (ntor tho smaJlef or ta>eable Income or line:, (see Instructions),
12 SootJon 179 e'pense doduetJon, Add IInoa 9 and 10, bul d'. not ente. moro 111." line 11 ,
13 ClnyOIi&r of dlaanowed deduction Ie- 1993. Add Uno9!) a'~..le9S line 12 . .... 13
Notl: Do nol UN Part II or Par111l bok'Iw lor autOf1"Y:.Wlles, certain other vehlel", cellular telephones, computers, or property used for
onlerlalnment, recreation, or amusemenl (lIslt'..1 property). Inslead, use Part V for listed property.
I'Fll!ltJ.lill:J MACRS Depreclatlo'. For Assell Placed In Service ONLY DuriNg Your 1992 Tax Year (00 Nollnclude
Usllld Propertyt
7
a
9
10
11
12
o
(I) CI.IIllleAllon nl prop.rty
(e) aUII lor d.prlCltllon
(bu.lnll.llnv.llmln\ uu
(d) Rlcovary
p"lod
(OM.thod
(g) Olprtelthon dtdllcll[ln
1.
;liiil:ili!illl!III!!lIlilii;ill,j,
0
0
0
0
0
0
0 27.5 .a. MM
0 27.5 MM
0 31,5 a, MM
0 31,8 a, MM
S/L
S/L
S/L
S/L
o
o
o
o
o
o
o
o
o
o
g Reejdendll rental p.opany
h NonreejdenUIl rell propony
15 A1t...nottvo D
I CI... IWe 0
b 12-yoOl 0
.~_ 0
L!L~1 Other Oeproclltlon (00 Not Include Usted Property)
1. GDS Ind ADS deductions lor....18 pllCGd In service In t.. ya.,.. beginning belo.o 1992 (see
IMttuetlor..j. , , , '. ".'".,
17 Property .ubject to section 181l(Q(1) elactJon (_In.truetlon.)
.!.!..t.CRS ond olller dopreclotlon see Instruction. .
U~JM1 Summery
12 rs.
40
MM
S/L
S/L
S/L
o
o
o
18
17
18
91
o
o
11 U.ted propony, Enlor NllOunt ~om Une 2a, ,
20 Tolal, Add deductlons on Une 12, Unea 1. Ind 151n column (g), Ind lines 16111rough 19. Enl...l1oro
Ind on lhe opp,oprlllo linea 01 your roturn. (pannor.hlp. Ind S corporlUono - .oo InatNetlon. ,
21 FO.....II .hown oboye and pieced In service during 1110 cunont YOIt, onlOllhe portion
01 the bo.l. .Mbutoble 10 .oollon 263A co.t. (... In.ln,ellon.)
11
o
20
91
o
rnr P,p.,work Rlductlon All! NoUn, In "111',
COPVt'!ghl(cII1l81 form In/lwlrl only Clnltr PltC' Sollwarl, Inc,
ForM 4562 (18'Hl
SILVER SPRINGS Till
Form 4,562 (1992)
[, COEI'
2J-l()(~JldO
67
~
Tolephones, Computers, and Property
r Part V I Uated Property - Automobiles, Certain Other Vehicles, Cellular
Used lor Entertainment, Recreallon, or Amusemont
For any vohiclo lor which you aro llSlllg tllo standard mloago ralo or doductlnq I08!lEl fJiCpon!Jo, complolo only 2;~a.
22b, columns (a) Ihrouqh (e) 01 SocIJon A, nU 01 Soclion 8, and SQc{jon C II npphcable
SttctJon A . Depr.clatlon JCi;utlon: SO(l inslructlons lor hmltUJOnslor ftlllOf,Tbllos 1
22100 you to,v. ,vld,nt.lo .uppar! lilt h\ll,n...Mvutm'r\l 'lit C1''''''d1 Yell No 22b 11 "'Y09." 19 tho oVldonco WIIMOf1?
a - c) 0' ( (0) ( )
!IUI,Iot
d,pllel.llon
{b'jlln.u'
,nv"'I'II.nl
,
(Ii.\v.nlclt'!illll
,,'vie.
Olilln,.. I
Invlo.lm,n'
".
Pllc'rlttg.
CllI' or
A,co...".,.
M,lIlOd!
D.!HI1.141IQI1
Typ.olpropltly
D.I.pllc.d In
Olhl!hu.'
pt/lud
ClJnv.nllon
ct,dur,lllln
tlClwn Iii
co ~ I
23 Property used more 'ha!!, 50% In a uahfied business usn 500 inSITLJcllon~):
~,
24 Pro e
usod ~;. or less In Do
0;.
'!.
ualilled business use (800 instrucllons):
'!.
'!.
';'
5/L.
S/L.
S/L -
25
o,!,e,'1"
i,'"
:IS Add amounts In column (h), Enler lhe 10111 hero and on IIno 19, poge 1
28 Add amounts In column (I). Enter the tot., hElro and on line 7, page '1 .
s.cuon 8 .. InformaUon Rlgardlng U.. of V.hlcl.. .. If you deduct e)(pensos lor vehicles;
. MNI'f9 complote thlt section lor vehicles UMld by tl. sole proprietor, par1ner. or other "morelhan 50/. owner.~ or related person.
. If you provided vehk:fea to your 8fl1)loyoes. first answer the quesUons In SocUon C 10 see II you meet an 6KcepUon \0 complellng this section lor
lhose vehicles.
26
-- -
o
(a)
(b)
(0)
(d)
(0)
In
27 TOI.lbu'./lnvo..lll'l.nlll'lll..
drlvo.n durlnglh. 'fl. (00 NOT
Inelud.enll'lll'lullngmll"I. , .
28 Totalr,oll'lmutlngmlllldrl\l.n
durlnglh'y.., ,
:It lotalolhttp.flOn&l(non-
commuting) 11'I1111 dti....n ,
30 T'ltllmll.. arty.n during
lh.y..r. Add NI'1I21
Ihrough21.
31 WUlh.y.hlcl"ytILabl.lor
~.r.on.lu" du,lngoff-dulY
OU,.?",.,.", ,
32 WIIII"Y'hICl,ulld~n-
m.nlybyftlftor.lhtn %
own" o"...l.d p"lon7,
33 II,nolhtt\l,hIClI'lvalLabl,
lo,p.,.onllu.." ,
V.IIlC!' \
V,lllcl.2
V,hICI,J
V.hlcl, ..
Veh,cl. ~
Veh,cl.8
v..
No
Vaa
No
VII
No
VII
No
Voa
140
Vao
No
SooUon C - Ouoollona lor Employoro Who Provldo Valllolaa lor UN by Tholr Employ...
A~ 1_ qu_no 10 dotermne n yoU meel an ..eepllon 10 co~IeUng Section B, Nola: Seelio" B mu.t aIwoy. be co~'.'ed lor
vehlclee uoed by 0Cl1e prop""lol1, pllt"""', or olher mot. than ~% owne,. Ot talaled pOlson.,
Vaa No
34 Do you malntaln . _ policy lIalomenllhal prohibits all p....nll u.. 01 vehlcleo, Including co"""'ling, by your
IlI1l'loyees1.",."""",."" ""'"
35 Do you maintain a _ policy lIalomenllhal prohlbilO per80nll use 01 v.hicles, ..eepl corromJUng, by your
IlI1l'loy_1 (See Inotruc1lono lor vehlc/eO uoed by corporal. ofl1cero, dlreelol1, or ,'" or mote ownOl.,)
34 Do you treat all UM of vehlclerl by IlI1l'loy.... .. personal u..1. , " "",.
37 Do you provldo more than ftvo vonk:lae 10 your """,Ioyees and rellln lhe Inlormallon tecelved Irom YOUt .mploy....
concerning Iho UN ollho ",,_1., ".",
34 Do you mnt the roqulrementa concerning qllallllod aulomoblle demono~allon USO (... Instrucllons)1
Not.: If ur InflWer 10 3", 38, :'fe, 37, or 3811 '"1(88," ou need nol co let. SecUOn B far lhe cavet'ed vehicle!.
; I i Amortization
(al
il';I';;i"
Amo,'I"bl'
,mount
Cod.
ucllC"
a)
Alnor,il&Uon
pI"odor
"unl. I
(~
o
Ollulpllonof eo.lI
Ott.tll'l(l,tlullon
b.gl",
Amor\III!lon
101Ihl''I''''
31 AmortiZallon 01 cos11l 'h.t begins during
'/,
'f,
~ Amortlzallon 01 co.'a Ihat began belore '992 ,
4. TollI. Enter here Ind on "Ol~ Oeductlon." or "Olhef E)( onset" line of OUf ,elUrn
~.~"worlt A.duotlon Att Notlc', ...In,lr, CopyrIQlhl{c)l"r lorm 'Ol\WII'I on IV C,nl., PltCI SoHwtl'l, Inc.
40
41
o
-0
FOIm 8825
Rental Real Estate Income and Expenses of a
Partnership or an S Corporation
"'St'!.lnllrucUonl.
...Atuch to Form 1065 or Form 11205.
-..--
(jMB rju 1[14fl-ll11ti
1992
Dlplllmln\ol !Ill T'UIU''f
IrIIltnll A....'nu. ':lIr\lI(:1
ame
mp over en Clan number
SILVER SPRIl'GS 'rHEA'rFlE COHP ?1.-162J180
1 Show lhe kind and location 01 each ~!!L2...~~~~ddili0f181 P.!2~r1109.
DRIVE-IN THEATRE MECHANICSBURG PA -----
A ........................ J................. ...., (.......... -.......... ..........................................
B ... ............. .................--.........,..................... --. --....... -. --.--.................. ............
c......... ......... ..... ...... .............. --. -.. ................. ................................... ..... --...
o ... ........................ ............... --.. -... .......... .................. ... --... -........ -...... --......
,- --
Propor1Jol
Ronlll Rool folllo Incomo A B C
0
2 GrolS fenta, 2 10.000
Ronlll R... follto Expen..1
3 Advenlolng , 3
4 AUlo Ind IrIVol , 4
5 Cle.nlng ond malnlen.nco . 5
I Commieek>no, I
-
7 lnsur.nca , 7
. Legallnd oil"" prol_nall_ .
. InI8l..t, .
10 Repalrl, 10
11 TaxOl, 11
12 UtINlIeI. 12
13 W"l)8I .nd lallri81. 13
-
14 Deprecl.tIon (_ InatnJctlont) , 14
15 Other (1111) ~ ....................
............................................ 15
..............................................
II TOlale_po".. lor ooch propeny,
Add N_ 3 IIvough Ie, II -
17 TOlal groll ronts, Add groll renl. Irom Uno 2, column. A Ih,ough H 17 10.000
II TOlal..pen_, Add tolal..po"..lrom Uno 18, cokJmn. A Ihrough H. ,.
II Nel gain (loll) from Form 47a7, Part II, Uno 20, from the dl.poslllon of propeny Irom renlal reel e51.,e
actlvtIIeI ,.
201 Net lnoomo (loll) from rental real ....1. actlvtIIeI from plll1""",hlpllnd ftduellll8lln whlc:h Ihll
partnollhlp Of S corporltlon III plr1n8l' or benollelll'f (Irom Sohedule K-l) , rim
b ldentlty bIIow the partnollhlpl or ftduel_ Irom which nellncomo (loll) 18 lhown on llno 20.,
AU",h . "'hedlJle n mo," op_ I. needed: Ii ,.!I
(11 Name (~) E~lover IdenUllc:ltIon numbet'
.. .. ~.. ........ .. .. ........ .. .. .. ........ .. .. .... .. .. .. .. .... .. .... . .. ...... .. .. .. .. .. .. .. .. .... .. .. .. .. ..................
......................................................................... ..................... 1,111:
........................................................................ .........................
21 Nlllncomo (loll) from renlal ,eal 1IOIIIe ocUvIU... Combine IInel 17 Ihrough 20.. Enler r..un
here .nd on Schedule K "no 2 , 21 10 000
For P.~.,warll ill.d"ctlan Act HotlCl', ..,In.t"
CopyrilJhl (el '''2101/11 ,011.11. onlv e.M.r PIOU $01l.lfl, Inc.
Form aU& 11112)
Form 1120S
! U.S., .orne Tax Return for an S C. ,poratlon tow, 'L~,:':"":9_'_~a__
~ Do flOt IlIe this form unl~9!llhft corporatJol1 ha9 timely lH8d
Furm 255.110 .I.cllo b. an S cO'1'oraUon, 1993
___ ______ __________~ See 9~ille InstrucUon". .__.__.__.
(JIIJI,trtlllllnflhIlTrIUUfy
1(llorll,1 R.venuI "Il,~,t.
r (I' . 111""1_' (~_, I"'~' H !Il' (11_' l'IlV"\~"'Q
.\1''11 In <:I ""1'''9
"
A Dale 01 olO<':lIon M
In S Corporation
SILVER SPRINGS THEATRES INC
C Emplov.r IdenU11~Uon no,
23-1623180
03/27 /72
B Bu8Jnoos ctldo
no (... Spoclflc
Instrucuons)
u..
IRS
lab.l.
Oth.r-
wi..,
plene
print
or type,
214 N BALTIMORE AVENUE
MT HOLLY SPRINGS, PA 17065-1203
7830
F Ci>9cI< .ppllc.ble bo,..: (II
G Chick \hi, bo~ If Ihll 9 to/POri lion II 'Ublltl \0 Ihl to"'oWd,I,d 'ud.' p'octdu'lI of ..Cll0nl 3241 through 824$ (It. !nlttuchon. blfo" thtcklnv Ihl' bo_) ,
H EntOf' numbof' 01 shareholders In the ~~lton at end 01 tile lax yoar
c.uUon: Include on trade or business Income and e)(pensos on tines 1 a Ihrough 21, See lhe Instructtons lor more Informahon.
'a Qfuur'COlpl.oru.I.1I 38~~'''''lurll...nd'lIo~ ~MII> 1~
2 Co.1 of 90008 oold (Schedule A, line 8) 2
3 Gross pront, Sub~aclllne 2 ~om line 1c 3
4 Nol geln (10..) ~om Form 4797, pen II, ~ne 20 (.ltlCh Form 4797) , 4
5 Olher lnoome (10..) (....In.lruclJon.) (anach schedule) 5
I Tolollncom. (10"), Combine IIn.. 3 Ihrou h 5 . . ~ I
7 Co~nselJoa of offlcers , 7
~ II Selarloe and wages I I b L... ol'r4'lovmeal credits I 0 Bill ~ I.
. . Rap...., and maintenance I
I 10 Bed debla . . , , , 10
o : II Renla . II
o \ 12 T.... ond lice"""" , 12
d '
u .. 13 IntOfest., . . . 13
i '~ :::::~ =~nC:~1e A an~ ~~e 'o~ ;elurn :: 91111111illllil
~ 0 Sub~1Ct line 14b ~om line 140 , . , , . , , 14.
. : IS DeplelJon (Do not doduct 011 and gu depl.Uon,) , 15
m II Advtw1loing, , , , , . , , , , , , , 11
I
, 17 Pension, prom-aharlng, .'e" pl."" , , , , , , , , , 11
~ 11 ~Ioyee benent progrll'T'd , , , . . , . . . , , , 18
I " other deduc1Jone (_lnstruclJona) (.nach schedule) It
o
, 20 Total_Add llnee 7 Ihrough 19 " , . , , ,~ 20
. 21 Ordln. Income 10.. ~om ~ade or ooaln... actMtl... Sub~1Ct line 20 ~om line e , 21
T :tl Tax, 0 Ex~ net peaslve Income IIlI (.nach IChedUIe) , . , , . , . . , , " 22a 1,1,1111'11111111:,111,
o b Till ~om Schedule 0 (Form 1120S) , , , , , . , , , , , , , , , , , , , , , ., :I2b
. 0 Add linea 220 .nd 22b (880 l""truclJo"" for .ddllJonlll.....) , , , , , , , , , , , , , , , , , . , 22.
: 23 b ~::";.~:::: ~ P~18: : : : : : :: :ilillllllll
a 0 Cl'edll lot' F6delOI ~ plld on Ill'" (anoch Form 4136) :I3c ,"11 llili
Y
m dAddllnee23attvou~h23c.,."""""""""."",.""""""", 23d
~ 24 E.Umoled IIlI peno/1y (_ l""trucIJoM), ChecIc II Form = Is .nached . , , , , , , , , , . . , , ,~D 24
t 21 To due - II lhll tolalo' IIn.. Uo & H 1.Ia,g., lh..n MI''' nd, IInl., .",otln10w.d, S..ln.l, 10f dopUlwy",.lhod of p.ym.nl II> 25
.
:It OvOlJ>lymelll - If line 23d Is large< Ihan the 10111 01111180 22c and 24, .al., amounl o,"",OId , , , , . ~ 21
27 Enl., amount 01 line !l!.l:2u w.nt: Credlted to 1m ..Umated lax ~ R.funded ~ 27
Unr.l.r p'Il,lll.. of p'f!ury, I d.cllr.lhlll h.v. 'Qmlnld Ihl. ,.turn. including .ecomp.nylng .chtdu'" .nd .lIl.tII'nI', .nd to the blt.t 01 my knowl.dg. .nd
b.W.', 11111I l,u., r.orllel, and tomple'., O.<<:l&Illlan of prepa,.r (oth., than lAItp.ytrlI. bind on .lIln'o,,".llon 01 which prepall' hu Iny ~no",lIdgll.
Ir\lUa! return
(2)
Final rolurn
(Jl
Ch.ngo in addro.. (4)
o Oalo 1n<'-orporalOfJ
01 06/49
E TOlal a.q",*"ls (9OIiI SpecIfic
InstrucIJons)
86,571
Amondod return
.~ 0
.~ 4
38,954
I
n
o
o
m
.
38,,95i
38,954
4 879
--2L191
3 413
91
__~81
~455
12 499
Pl....
Sign
H.r.
Flrm'lInam. ~
(or ounll
l.tr~"I!PIoY'dl
.ndllddr...
BOYER & RITTER
P: 0:' .BOX. .83.00...................-.............
Camp' "i(ii Y""" --....... pA--.................. --.
I.
0.,.
JOII. /
~I
~
n.hlre 01 offic:er
Paid
Preporor'.
U.. Only
Plopar"'.
algnallJr.
~
E.I No, ~ 23-1311005
ZIP Code ~ 17001-8302--
0113 FOf PII'l"work ~lldtltllon Acl Notlct, "' !n'lr,
CopyrIght (e111l3 101m ,011,.,.,. only CPS'I'.t."'I, Inc.
f'nrm 11205 (1113)
Fonn1120S(1993 SILVER SPh. ,GS THEATRES INC 23-1623180 P'go2
Schedule A Cosl 01 Goods Sold (SIlO in,'rllC"O"n)
t Irwonlory al bogmrung or yOaJ 1
:z Purchases 2
3 Coal allobar 3
4 Addlllonal secllon 21lJA co.1S (soe InnlrucUon.) (aUach achedulo) . 4
5 Olhe< co.t. (allach schedu",) . 5
1 Total. Add lines 1 IIvough ~ 1
7 Invonlory al and of voat, , 7
1 Co.t of goodt told. SlJbtraclllne 7 from line 6, Enler here a"d on page 1, line 2 1
at Check all melhods uood lor valuing clo~ng Invonlory'
(I) ~ Co.t
(II) Low'" of co.t 0' markelas described In Rogulallono section 1,~71-~
(III) Wrlledown OI'9Ubnorma/" good. as doscrlbed In Rogulallon. secUon 1.471-2(C)
(Iv) Othe< (specify molhod u..d ."d allach e'planallon) ~ ........................................ -........ -- '0"
b Checl< ~ lhe UFO Invonlory method was .doplod IhlS IlIX voar for ony goods (~ chocked, .l1och Form 970) '" , ", ,~
o ~ the LIFO Inventory melhod was ueod for thlelax VOat, onl'" p",centage (or smounlS) of clo.lng Invonlory
oo"lluted under UFO ". , , , . , " ".""",.""",..,
d Do lhe ruloo of """Ilon 21lJA (lor property produced or acquired for r"aIe) llppfy to lhe corporotion7. , , . , Y.. No
o Was Illere .ny chonge In d81..mnlng quonUtJos, oost, or v""ollono belw..n opening ond closing Invenlory7 y.., No
II.".... ollach o'plonallon,
I Schedul. 131 Othef Inlofmatlon
t Checl< melhod of llCOOunUng: (a) W Cash (1)) 0 Accrulll (0) 0 Olhe< (specify) ~ ..................... _ . . .
2 Rof", to the I18tln lhe I""lructions .nd .tate lhe corporallon'. principal:
(0) Ilu..""", actlvlly ~ !;~:r:~~T~!~.F:~:r:......... (1)) Product or sorv\co ~ ~l}:r:I?~9~. :r:1j.F;~:r:I3.E;........
3 Old lhe corpor.l!on at the end ollhe lax yelll own, dlrocUv or IndlrllCtIy, ~'.. or more 01 the voUng slock ola dorT169iJc corporollon7
(For ruloo of .\tIlbullon, ... section 267(c),) II .".... allach 0 schedu", showing: (a) name, add,..., ond omploVer IdonUflcotion
number .nd (1)) percenlogo owned. , , , , , , . . , . . , , , , , , , ,
4 Was "'" corporallon a mombor of a controlled group 8lJbject to tho provlslorl8 of secllon 15617, , , , , , , , , , , , ,
5 AI any limo during randll( y8t11993, did the corporallon hive In Intor..tln or oiUgnature or otller aulhorlly ovor I nnancllll accounl
In . lorelgn country (such as . bani< lCCOun~ oocurllJos accoun~ or olhe< nnancllll llCOOunl)7 (See Inslrucllons for .,captions and
IIIlng roqolrornenta lor Iorm TO F 90-22,1.) """""""""""""""""
If ."..', ontor tho name of lhe forolgn country ~ .... __ _.................. ......................................
1 Wu lho corporation tho gr.nlo< of, 01 transforOl \0, a forolgn trusl thale,loted cklrlng !he currontlax vo", whethe< or 001 tho
corporation hu ony benoflcllll Inl",..lln 11'7 If .".... the corporation mav havo to file Fo"",, =, 3il2O-A, or 926 , , , , , ,
7 Checl< this bo, ~ the corporotion has lIIed or Is required 10 n", Form 1264, Appllcotlon lor Roglstrotion 01 a Tax
1 ~=t~~'~I~~rporl~n'~~~~~'O~oredd8bllnalr"~..n~;';;ho;~I~II'~e'd;';"'u~I : , ,. ":::: EJ
If 10, \he corporallon meV hove \0 file Form 1211, Inlormatlon Return lor Publicly Offored Orlglnlll....e Olscounllns~umenlS.
. If lhe corporation: (I) flied Ita election 10 be III S oorporation Inor 1988, (1)) wea I C corporation belorelf oif>cled 10 be an S
oorporlllon or !he corporallon acquired an _ wI1h I b.... d8\Omined by reforence 10 I1a boslo (or lhe basis ollnv Olher property)
In lhe hllldo of a C corpofltion, Ind (e) hM nol urvollllzed built-In glln (d8nned In section 1374(d)(1)) In ""0001 ollhe nol rocognlZ
built-In glln ~om pr10l 1"*", enW tho noI urv_ 1",1It-ln gllln reduced by net recognIZed built-In glln from prlol VOlll1l (_
Inotruc1lona) , , , , , , . , , , , , , . , , . , , , , , , . , , , . " "" ~
.!.!!... Chocl< this bo, ~ the oo'poratlon had subchllplor C oarnlngs and prollta It lho clo.. ollho lax e", ... Inslructlon.
O..lgnatlon 01 Tax Mltter. PerlOn (See Insirucllona,)
Enlor boIow the Ih",.hoIdor dosIgn",ed as lho tax mallOI'll p"'oon (TMP) lor lhe lax Ve" of Ifilii relUrn:
=n~:OO TMP ~ HELEN JONES ~':,"~::~ TMP ~
Acldrl8l of Il. 214 BALTIMORE AVENUE
doalgnlledTMP" MT HOLLY SPRINGS PA 17065
204-26-9981
For ""tfWflf. ,.,duotion A4l1 Nollca, ,.. Inllr,
CClP'(t'llht fell.n 'or 1ft loll.a,. nnl'l' CPSyl'I"'I, In\,\.
x
X
X
~'I"'''I
:,.!!I!'.!
,.IIi'!.'
X
.. i 'I i ! III i ; Iii; ~ i I: II! i II
;::I!llil;!'III:I:,:,:I!;1
',~ Iii II:! Ii 11111 i II! i: I! I
'I! 11111' i Ii! ;1 :'1' ~ I: I;; '['['
""""'11\11[,"
'11111 i ,111111
:! Iii II ~!I! II: il,: :: i I: II! II, i III'
".1<111."111'1
;Ililllllil' !11!iiilk
rorm 11205 ,unl
-.-- ~'-' .--
----- (iI) Pm rnl~ 9hnro IllIm!! (b) TOlnl 1l1l~tH~___
1 Ordinary incofllfl (lo9.s) from trado Of businos9 IICUVltloS (pago 1, lUll) 2\) 1 12,499
2 N.at income (loss) horn ronlaJ fOal o9talo oclNltlOS (sllach Form 0025) , 2
3.1 (3mss Income from othor rental acUvl\JOS . .ti]
I b Expenses from 01/10( ronlN actlvllklS (attach uchoduJe). .- '.
n "
.
. c Not Income (loss) from othcr rontal actiVItieS. Subtrl\CI lino 3b from IIno 3a ., , 3.
m 4 Portfolio locome (kl9S): .,i",,.
.
. InlOl'oot income , 4. J,413
L b Dividend loco"'" 4b
0 . Royally incom. ,
" . , , , -~-
I d Nel .hort-IOITTl copilal gain (kls..) lallach Sch.dula 0 (Form 11205))
,. , 4d
-
o Nul klng-Iorm capital gain (kl9S) (attach Schadula 0 (Fo'm 11;!QS)) 4.
, Olhar portlollo Inco,,,,, (kl9S) (alloch ochodulo) , , , 41
5 Nel gain (kl9S) under section 1231 (olher Ihan du.,o casually 0' Ih.lI) (aNoeh Form 4797) , 5
--
I Other Incorno (lo~Uanoch scl1ud"I.) I
7 Ch",<<abio contrlo"lIons (_ In.tr"cllons) ('lIoel1 ochodul.) " , "
0 I Section 170 Qxpenoo doductlon (attach Form 4562) ~.
0 ' ,
d I Daducllons ,00atad 10 partfolkl l'lCOm. (kl..) (500 In.trucllon.) (lIomzo)
0 I
10 Other deducllon. rallocl1 sch<ldul.) . 10
II 118 Intafoot oltpOnsG on lrwesunent debts 110
nn 0(1) Inv,,"lmOnllncorno Includad on """'" 4a, 40, 40, and 41 above llbil J,4lJ
v t
12\ Inv...ttnonl .'pan... Included on llna 9 ahov. llbi2
1:la Crudlllor alcohol uood as a fuel (alloeh Form 6478) 120
b Low-lnooma houslng credit (9&8 Instructions): ""..',.Lilll'
C (1) F,om pat1nar9hlp9 10 which sacllon 4~(j)(5) appllos lor proporty placad In servic. belora 1990 12b(1
r (2) Olhar Iha" on llna 120(1) lor p'OpOlt'i placod In """,lea belo,01990 12b(2
0 (3) F,om pat1narshlp9 10 which secllon <\20>(5) appllos 10' p,operty placed In """,Ice an", 1989 12b(3
i (4) Olher 111"'1 on line 120(3) 10' proparty placed In ,""vice an", 1989 ,,' , '" . 12bi4 ..
--
0 c Qualified rehabllllaUon ol(pendituros rolalod to rental rbal astale acijvmos (attach Form 3<468) , , 120
d Clad<<. (Olher Ihan cradltll9hown on lines 120 and 120) ,elalod 10 r.nlal ,.01 ..,a'. oeUVillos (SOO
Instructlona) . , , . , , , , 12d
o Cladl18 ,elaled \0 olhe< ,.nlol oeUvltlas (... In.lrucllon.) , , , . E.'!- --
13 Olher crodltlll900 Instructions) 13
f~ 141 Oapreclallon odluliU'fMlnl on p,oparty placed In oorvlca 1M'" 1988, 140 -35
b Adjusted gllin or 10.. , , , , 14b
,T -
. Daplollon (olhar Ihon 011 and gas) . .., . 14.
-
T I d (1) Gro..'ncome Mom 011, gas, or goolhormal p,opertl9o . 14d(1
00 (2) Daducllona lIIoc.bio 10 09, gAS, or goolhormal p,opartloo 14cH2
1m o Olhar adlu9l1TMln19 and I.. orol",.nce 11""'" (alloch schedule)
0 14.
. Is;, ~:'::;::n :ur;uy ~; U:5:p,;~~ ~ -.._-.-.-.-...-.-.....-.........-.....-.-...-.-.-.-.-.-.- .-.-.-.-.-.-.-.-.-.-.-.-.-.- 1!li!i!llilil:IIII!1
~T
r 0 c Tolal gro.. income Mom sou,ces outaido 1110 Unllad Slal90 (olloeh sr.hodule), , , . , . , . , , , , , , , 150
T: d TOllli applicable doducllons and IoOallach schedlll.), , , , , , 15d
HO o TOlollorelgn I.... (cheel< one): .. Paid 0 Acmlad ISo
1 Reduction In UlJ(" Ivallable lor credit (INoeh schedule) . J.~'
- a Olhar forlllan 1ft!' Informallon (anach ochadulej , . Is.;,
1" Tolol expondltu'.. \0 which 0 _lion 59(0) 9locllon may apply , 181
b Type of e>pendllu'" .. ...""......__.._______n........"................................................. iilliiiliiiliili
17 r.._..,..,III1I....' Incomo . , , , , , 17 -
11 Ollw 1,,-o'llIr4'llooolOO " , '" , 11
I' NondoduC1lblo ..pa/198$ . , " , 11
? 20 TOIII proparty dIotr1bulklns (Including oash) olher Ihln dM<1anda 'eponed on line 22 below Hi --
h ~l Olhar IIome Ind omounlll 'oquilod 10 be r.pMod ""P",aloly 10 9h.l9holdors (see Ins1rucllons)
0
r (attach schodule)
22 TollI dMdand dI.ulbullons pold Irom 1lCCU11lJ1.,od .atnlngs and p,ofl18 22
:l3 lnoomo (1001) (Roquilad only II Schedule M-I 11"<'91 be COfTl'lolod,), Combine llnol1 , 111,0ugh 81n ::'1";11:,,,
column (b), Fr2,m 1he rosult, subtrac11ha sum Clll:nes 7 through 118, 1~, and 161 , 23 15,912
SILVER Sh,~,.GS THEATRES INC
Shareholders' Shares of Incomll, Crodi~oductlo".!t otc.
23-1623180
~ilg(l3
For PaplrwcHIt AtduCIIM "'I nolle., ...Inllr,
1.0pyl'lght(r,) \"3 101m lo/l..&r. only CP5\'II"U, 1.,,':-,
FOfm t 1205 (\lIlI
SCHEDULE K-1
(Form 1120S)
Sharehc.., ....:r's Share 01 Income, Credits, 0" _Jclions, etc,
.. Se. upar.te InstructJons.
For c..tlend.1r yur 1993 or lax year
,1990, and endln 19
Co oration', Ident! In number" 2 J - 1623180
CorporatIon's name, aChiross, and ZIP code
SILVER SPRINGS THEATRES INC
~<2~A5-0110___
O,panml"tol thll TIIIIII./ly
Iflt.rnal RI....nlll S.rVIC. be Inning
Shar.hold<or'. Id."Ulylng numb.r ~ 171-) 0 - 5 248
ShAloholdef's name, addfBSa, and ZIP coda
PENELOPE DEMELLO E SOUSA
RUA PERI 126
JARDIM BO'rANICr::
RIO
1993
DE 22460
214 N BALTIMORE AVENUE
MT HOLLY SPRINGS, PA 17065-120)
---
A Sh8l0holder'. percenloge 01 .,ocI< ownership for I.. ye81 (000 IrlO!ructJon. 10' Schodule K-l), , ,~ ...~.: ~_ ~ ,1. %
8 Inl...nol Revenu. service CoOler where corporallon filod Its relum ~ Rl:I.I.J,.!\I?P;~.I:l:I.I.~..,.......""...............,..,.. _."..
C T.. .hoIler ,ogl.ttollon nu~rl'nsIruCllons 10' Schor~ K-1) . , , , . , , , , , . . , ,...
ChocI< .nnllcable bo,oo: 11 Final K-1 121 Amended K-1 .......--.--...--........"......
D
(a) Pro rala .h8le lIome (b) Amounl (0) Form 1040 filers enler
the amount In column (b) on:
1 O'dlnary Income (10..) !Tom ~ade or businG" activlU.. . 1 602 See Shareholder's
2 Nellncome (10..) I,om renlal real oolale acUvitloo , . , 2 ""Instructions lor Schodule
3 Nellncomo (loGS) !Tom Olher 'enlal acUvllkl8 " , 3 -- K-1 (Form 11205).
4 PortfOlio Income (10"1: 1""1,,
a Inl81'881 , 4a 164 Seh, e, Part I, line 1
Income b Dividendo, , "" , , , " , 4b Seh, e, Part II, lino 5
(Lola) c Aoy_ ,." , , , ,. , 40 Seh, E, Part I, line 4
d Not .Ilon-Ierm capilli goln (10..) , 4d Seh. D, line 5, col, m 0' (g)
. Nellong-Ierm caplial goln (10..) , , 4. Sell, D, line 13, col, (I) or (91
1 Olher pornolio Income (10..) (anacll IlChedule) 41 (EnlltOnappl,lIn,ofyourrtlUfn,1
S Nol goln (10..) und... 98ClIon 1231 (olher Ihan due 10 casual1y 0' SI' Sh.,.hold.r'.ln.,rucllon,
lhen) .. .. . .... ......... . , , , , 5 for Schedule 1(.-1 (FOIM 1 uos~
. Olher Income 1Ioll$) (anach schedule) ., , . . (Enllron.ppl,llnlol you/ilIum.,
--, ' , -.
7 Chlli1able con~lblJlIo"" (.... Ino!ruclIons) (anach schedule) 7 Seh, A, line 13 0' 14
Deduc- . SecIIon 179 expo""" deducllon , "" . "". . .
tIona . Deducllons ,e1aled 10 porlfolio Income (10..) (anach schedule) . f..~" Sh.r,holn,r',ln.tutl!on,
for SQh.duItK-I(Form 1120S~
10 Other deducUons lanllCh ochedulel , , , ." , " , 10
Inyul- "a Interoo1 expo""" on Inv..tmenl deblJ, , ,. , " , 11a Form 4952, line I
- b (1) Invootmonl Incomolncluded on lines 41. 4b, <Ie and 4f abovo bll 164 ..Sh,r.hold.r'.ln.ttueUon.
Inl....1 ru InvoatmoOl .,po..... Included on Une 9 above , hl2 for Sch.dull K-l (Fo,", 1120S~
1:la Cfodlllo< alcohol uoed as fuel ",.,.,,'., , "". , 121 Form 6478, line 10
b Low-Income houolng cr9dlt lillllllllllll
(I) From _n 420)(5) parlnonlhlpa tor p,operly placed In _ bll
beloro 1990 . , , .'."""",.",.." ,
(2) Other than on Une 12b(1) tor p,operly placed In _ belo,a b/2
1m ,. , ,.,. , ."" , .., , ,.." ,
(3) F,om _n 42(J)(5) partrwahlpa to< properly placed In service Form &Me. Une &
Cf'ecIIa all'''11l8ll,,,,,. , ...",., , "" . "" . , , bl3
(4) Other than on Uno 1~b(3) 10< proPflllY placed In _ all... bl4
11l81l,. , """"""'" , ""..", , " ,
c Quallllod rllhabllltallon expendl1ur. ,elaled to ,.nlal ,eaI oolalo acUvl1lell
(_lnoIruCUons) , . , . . , . . . . , . , , , , , , . , , , , . , , , 12.
d Cf_ (other 1Iw1 ,,_shown on Unea 12b and 12C) ,elaled 10 ,.nlll ~Sl" 5h.,.holdlr, In'trutllon.
r.aI eatalll ac1IvttIee (_ InotrucIIons) """,. . 12d or Soh,dultK.I(Fo'''' 11208).
. C'<edI1lI ,elaled 10 Olher r.nlal ac1lvIlIoo (_ lnolrucllons) "" , 12.
13 other credl19 1_ lns1rucUonol . . , , , , , ", , 13
Ad!uaI- 141 Oepr.....lIon adju.tmonl on proporty placed In oervIce an... 1988 , 14a -2 See Shareholdor'a
",."ta b AdJuIlod goln Of 10.. . . , " , " , " , 141> lnatructlons lor
UldTu c Deplellon (other Ihan oU and g"l, , , , , , " , 14c Sehedule K-1 (Form
Prelar- d (1) Groaalncome !Tom oU, g.., 0' geolhormal p,oper1loo dll 1120S)andlns!rucUOn.
..... (2) DoducUono allocable 10 oU, g.., or geolhermal proparUea . -di'2 10' Fo,m 6251
Itlm' a Olher adJu.tmenl. and 1/llC p,ol..onco Ilema (anach ochedulel , 14a
For ",plrwofll A.duttlon Act Noll~. ."In,'r,
Cop'(l'lght (cll"~ 10'''' .oflwa,. onl'( CPS.,.lltM', In...
For", 11205 Sell.dul, K"1 (11~U'
,.
"
THEATRES
J ,JONES
INC
2J-162J180
188,-14-2812 .!S.U
(c) Form 1040 1,lm'3 ontar lhe
amount in column (b) on:
Ponn 1110, Chock ooxM
SILVER SP
Sch.dule K-l (Fo,'" 11205) ('0931 RICH.:..-.l)
IS.
b
Fo,.lgn .
r.... d
.
,
160
b
17
0III0r 10
,.
20
21
n
I
b
23
~
_Ill
lnlor-
"",tlon
(b) Arnounl
(a) Pro rala sharo IIams
$.. Shlr.hOldlf'llnslt\lCIIOnl
lor Seh.dull 1'.-1 (Ffmn \UOS}.
FOlm '040, line 8b
Typoollncorne ~_...... .._ _' aO.....O. ..=:.. .....".
Name of 10(0190 counlrY 01 U.S. pOSSO~~1I0n ...
Tolal gro.. Income ham oouro.... oul.ld.,he u'.s: i.i\~~h '';'h~d~~i'
Tolal appllc.bl. d.ducllons .nd ">l""" (.II.ch sch.dul.), , , , ,
Tolallol.l9n I.... (chOCk ono): I> 0 PllId 0 Accru.d
Reducoon In 11\)(00 Ivail.bffi lor crodl\ (al1ach schodule), ,
01h8f lorol9" 11UC Inlorml\llon (attach 5chodlll~ ' .
"otll e)(pondl\url)~ to which I:l nocUon 59(e) eloction may apply
Typ. ol..pelldlluro.... . --..... -.' -.. -........ -.........
T..-..OOV\ InIOf'" Income 17
Olhol ',,-.'.1'T'4'1 Income , , 18
Nondoducllble ..pen.... ' , 11
Proper1Y dl.tr1bullon. (Including cuh) OlhOf lhan dlvld.nd dl.trlbullon'illllilllll!1
reportod \0 you on Form l00Q-DIV . , , . . , , , , ' . , , 20
N'nOunl 01 loin rop.ymonts 101 'Loln. From 5h"'.holdors', 21
Recaptur. ollow-Inco"" housing cr.dlt: itil \11111I
From _lion .20)(0) partnor.hlp. 211
Olhe/ Ih.n on line 22. , , , , ' . 22b
SupplomOnlallnlorrn.1Io11 requlr.d \0 be r.porl.d sop",.,.,y \0 .ach .h"'.holdOf (enach Iddll\Onal ach.dul.. II me" space 10
noodod):
Form 1116, Pl'rt I
Form 11'6, Part II
Form 1116, P.rt III
S..lnltrUGIIM.IGI FQfm IIIC
!I.. 5hantloldlr'lln.lrucllonl
lor Behedull K-1 (Form 1 \'lOS~
-
Form 661', line 8
......................................................................................................
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Fo',"
St.dlllll - (1"11
fo' ".,MW.,II AduG'ioll M' Notice, ...,,,,,,.
CopyllVhl ('11"110"" lonw." onl..' CP5y.,.,,,,,If'lG,
Sharehol... ,'s Share of Income, Credits, De"...ctions, etc, r.~I~.'~tl~. "A'.()t~
.. SU separate In,tructlon9,
For ealondar yo.. 1993 or I." yo.. 1993
O.pt,tmtn\t11lh,r'UlIlIy
Intlln,1 A..",nu. 5'''''1(' boe Innln ,1993, and eridln , 19
$i;;,r.hold.... Id.ntllyln.i..!!!:'mb., ~ 188 -14 - 2812 CO'1'orollon'. Id.nl~!Y!~2.!~!!.!!,b.' ~ ~ -1 ~ ) 180
Shll~holdet's name, addross, and liP codo CorporalJon's namo, IIddro9-S, and ZIP codo
RICHARD J JONES SILVER SPRINGS THEATRES INC
214 BALTIMORE AVENUE
SCHEDULE K-1
(Form 1120S)
MT HOLLY SPRINGS PA 17065
214 N BALTIMORE AVENUE
NT HOLLY SPRINGS, PA 17065-120)
A. Shar;holdor'9 porcerHftgEl 01 slock ow nor ship lor lax yoar (soo In9lruCUOrl9 lor ~'hOdulo K-1), . ,... . .1.5, : ,1. ~~. 0/:
9 Inlemal Revenue service Co",O! whore corporallon filed I" relurn ~ ?~.I.~I?~J;;?~.IJ\............................ .... __......
C Tax ,hoItor rogl'UltIon num~h In'tructlon, lor SehOn K-l) , , , , , , , '" , ,..
.2...S.hock lIpollclblo eo'oo: III Final K-' /21 Arr<lndod K-l ......................................
(I) Pro rill 'haro nOfll9 (b) Amou", (0) Form 1040 liKNB onlOl
Ihn amount In col~'mn ~~~
\ Ordinary Income (1099) Irom Uld. or bu~n... acUvl1l&8 . \ 5.648 See 5haroholder'1
2 Nellnoomo (10..) Irom r.nlal real 00111. acUvl1los , 2 I ~in9l1\Jctlon9 lor Schodlllo
3 Nellncome (10..) ~om olher r.nlalacUvlllos . , 3 K-l (Form' 1205),
4 Por11ollo Income (1099): lilllliillli
I Inlorost . , 4a 1 542 Seh. B, PI11I, line ,
Ineom. b DIvidend""". , 4b Seh. a, Plrt II. IIno ~
(Loll) 0 AoValllea ".." , 40 Seh. E, PI11I, IIn. 4
d N.I .hort .Ierm cllpllal gain (10..) , 4d Seh, D, line ~,col. (n or (g)
. Nellong-Ierm oapnal gain (1090) , , , , 4. Seh. D, line 13, 001, (n or (gl
f Olher por11ollo Income (1090) (Inlch schedule) , , , 41 (E"lll' on .ppl. ~n. 01 yollr ,.turn.)
5 Nol gain (10..) under 9OCUon 12:11 (Olher Ihln due 10 oasually or s.. 5hl'll'told,,',ln,ttuctJon,
lhen) ..,.""",." , ""..""" . 5 for Schedule K-l (FofI'll1120.9).
. Olher Income (1099) (Inach schedulel ., . (Enl.tonappl. Mnlllcl yourlltu'n.)
. , , , . . . .
7 Chat1llblo conlrlbullons (_ Instruotlon,) (Inach schedule) 7 Sch, A, line 13 or H
.
Deduc- . SecUon 179 ..pen.. ooductlon, , , , , , ",.", . . --
Uonl . lleduc1lons rollled 10 portfOlio Income (1095) (1lIach schedule) 9 ~~.. Sh,r,hOldlr'llnltrucllonl
lor SOh,dull 1(-1 (Form IUOS~
\0 Olher de<!,ucllon. ('II'!eh schedulel. , , , , . , , , , , , . 10
Inv..~" "" Inlet88t 8>lpense on lnveslment debts, . , , . , , , , . , , , ". Form 4952. line 1
moot b (I) Inves1menllnoome Included on lines 41, 4b, 4c Ind 4,lbove -~ 1.542 I~.. Shllllholdlf',ln.lrucllonl
lnler..' /2\ InV8$lmOnl .'pon.... Incluclod on line 0 lbove , ~ lor Sllh.dul. 1(,-, (Form 11108).
12.a Credll,er alcohol Uoed as luol ",.,."...",.., . 121 Form 647B, line 10
b low-lnoomo hou~ng credit 1IIIillllll
(1) From 9OCtIon 420)(B) par1noohlp. lor properly placed In 98rVIce b/l
beler.,AOO , , . , , , . . , , , . , . . , . , . , , . , . . ,
(21 Olher Ihln on Mne 12b(1) Ier properly placed In II8IVIce before
1900 , , ,." , """""""""'" , hl2
(3) From """lion 420)(~) part"""hlp. for properly placed In _ Form Il!l8B, line B
C,ecllI In.. 19B1l , . , . , . . . , . . . , . , , , , . , , , , , , , . , b/3
(4) Olher Ihln on 100 12b(3) lor properly placed In II8IVIce In.. hl4
19B1l. , , , , , . , , . . , . . """""" , ,. ,
. QualifIed r.hlbilltallon e'pendIN'" rollled 10 r.nlol real "III. octivllloo
(see lns1ructlona) , . . , . . , , , , , , , , , , , , , , , , "" , 12.
d Credlla (olher Ihan credlill .hown on Un.. 12b Ind 12c) rollled 10 renlal
h~..Sh.'.hOld.r'.ln.'ructhln.
roal MillO activllJeo (_ Inslrucllona) ."."" , 12d or So".du..K"l (Fatllllla08).
. Cr8<ll1a rol.,ed 10 olher ,Inlalactivtu.. (_ InslnJctlona) . , ,. , 12.
13 Olher ""edltl (seoln'trucllonal . , "",'.,.."", , 13
AdllIIl- 141 Dep'edatlon Idju.imenl on properly placed In II8IVIce Ih.. 1IIe8 , 141 -16
::-.:. See Sharehol_.
"",,,II b Adju'lod gain or 1095 , , , . . , . ",.,."" , 14b InalNCtIono lor
andTIlC . Depletion (Olher Ihln oU Ind gas) , """""" , 14. Sehedule K-1 (Form
Prefer- d (1) Gro..lncome hom oU, gas, or goolhormal proportloo , , . "d/; 1 , 205) Ind In'lruollon.
en.,. (2) Deductions aIIoclble III oU, gas, or goolhormal proportloo . , "'2 lor Form 8281
Itema I Olher Idlll.lmel1l. Ind Ill( or.'or.ncellofll9 (.nach schedulel , ,..
for Paperwo,' A.duc~lon Act Nollu, ...Inll"
COPYl'I"ht (clltU lorm ~oflw.,. only CP!ly'llllll, Inc.
Fo,,'11 t120S Seh.ltul.K-1Ill-t3)
SCHEDULE K-1 Shareholl..."r's Share of Income, Credits I Deuuctlons, DlcJOMn '~109"9"'-3~-01JO--
(Form 11205) .. See separate Inalructlons,
alPtflm,,,1 ollhl T,...u,y For calond.)f year 199J or lax year
InlOln,1 R.~.nll' ~,IV'f.. _ begInnIng , 1993, and endIng , 19 _
Sharoh.ld.~. Id.nUlylng num~ 2 U 4 - 2 6 - 9 9 B 1 ~~.T~~~~~~~r" 2 ) - 16 ? ) 18 0
Shlfeholdof', name, add ross, and liP co(Jo Corpor8\Jon's namo, addro~, and ZIP code
HELEN JONES SILVER SPRINGS THEATRES INC
214 BALTIMORE AVENUE
MT HOLLY SPRINGS PA 17065
?14 N BALTIMORE AVENUE
MT HOLLY SPRINGS, PA 17065-1203
A Shereholder'a pe<cenloge 01 "ock oWOOf'hlp lor lex yoer (000 In",uction, lo,s;;ho'dulo K-l), , , , , , ,.. .. (~:.~ ~ ~.'"
B Inlornal R.venu. Sor'IIce COnlor wh.r. corporation m.d 119 ,.Ium .. ?1-'_I_Y\f?~~-?~.I.~......... ............. ........ ...........
C Tex ,hellor rogl,tr.tlon numbor 'oo In'iruction, lor 5chOdulo K-l) , , , , , ...
o Check appllc.ble 1>0,.., 1 Fino! K.' -1ll..O Amondod K-l ......... ..................... -.
(I) Pro r.,a ,her. "."" (b) Amounl (c) Form 1040 lIIora .nlor
.- - Ih. ltT'IOunlln column (b) on:
1 OrdlnlllY Incamo (10..) Irom trad. or OO,ln... acUvlUos . " . 1 , 5, 61~ Sou 5her.holder'a
2 N.llooomo (10..) from ,onlal r.aI ,,'a'. activlU.. , " , 2 -- liln'iruCUOM lor Sehodul.
3 N.llooomo (1o..)lrom olhor r.nlal acUvlUos " , 3 K-l (Form 11205),
4 Port1ollo Incarno (10..): Ihllllllll
I Inlor..1 , , , , " , 41 1 543 Seh, B, Pill I, line I
Income b DMdGnda."",. , , 4b Seh, B, Pill II, line &
(lA..) 0 Royallloa ." , , , '" , 40 Soh, e, Pill I, line 4
d Net.hon-Iorm capllo! gain (loss) , ... . 4d Seh. 0, 1100 &, eel. (n or (g)
. N.tlong-torm capllal gain (loss) , , , , , . , . . . . , . 4. Seh, 0, 1100 13, eel, (n or (g)
I Olhor port1ollo I"""mo (loss) (.lIlCh "'hodul.) . , .... . 41 ,,- (EnttlOn4Ppl.WnlolyoUffllufn,)
5 N.t gain (loss) undor 8<lCtlon 12:11 (olhof Ihan du.lo casualty or s.. Sh."holdl,..ln.tluctJonl
thoh) , , . , , , , , , . , , . . , , , , , , , . , , , . , , , , , 5 10' Sch.du~ K"llPofrnl120S).
. Olhor Incomo lIo..llenlch schodulo\ . (Entlfon Ippl, Wn~o' your "lUrn.j
- ,.,..."",. ,
7 Charnlblo contrlootlon3 (SOD Insiructlona) (InlCh schedulo) " . 7 Seh, A, line 13 or 14
Doduo. . SUCtion 171 .xponao doductlon, , , . , , , , , , , , , , . , , . .
Uona . DeduC1lono rolllOO 10 port1ollo Iooomo (10..) (anach ochedulo) , . , ~~.. Sh."O"d.e.lnol",\I,",
lor SllltlllSul1 I(..t (Fo'rn1120S~
10 Olhor deductlona (anach 9Chedulo). . , . , . , , , . . . . . , 10
Inv..l- III Inl.....t."""n.. on Invostrnonl dobl8. , . , , , , , . , , , , , , III Form 4152, line I
mant b (1) Inv"lm8nllooo,"" Included on II".. ~I, 4b, 4c and 41 abav. bll 1. 54:> 1~0~'SIt'''hOldl'''ln'lfuClI0"'
Inl..... ('2) Invostmenl e)(penso~ Included on line 9 above , , , , , bl2 lor SOh. dull I(~ 1 jF"fl'll 11;ros~
12a Crodlt lor alcohol used IS luol .,.,.'.'.."..", , 121 Form 6<470, line 10
b low-Incomo houalng Clodll: ,ilillll:llli
(1) From I18Cbon 420)(&) plIlnorllhlpa for propor1y placed In sorvIco
bofor. 1190 , , , ",.,.."."."""" , bll
(2) Olhor Ihln on 1100 12b(1l lor prop8l1y pllCOd In 18!V1r.. bolor.
1990 , , . . . . ."""""..,." , .. , bl2
(3) From oecUon 420)(5) plll'loo..hlpalor prop8l1y placed In sorvIco Form 8581, line &
Croci" Ih...'I88 , , , , . , . . , , . , , , , , , . , , . . , , . . , 1>13
(4) Olhor Ihon on Moo 12b(3) lor property pllCOd In aervlce Ih...
11l88. , , . , . , , ,.".""""..,."" , bl4
0 Qualified r.h.bIlI1.tIon .xpondllUr" ,oIllod 10 r.nlal r.aI ..Ial. acllvllJos
(&eO Instrucbono) , , """...". , ,,','" , 120
d Crodll8 (othor Ihan Cl.dll8 ahown on II""" 12b and 120) r.'aIOO 10 r.nlal
SI' Sh'"holdM',ln,lrvoUon'
real estl" acllvlUos (&eO In.tructlolll) "",." , , , 12d o'Sohld")tIC.,,l(Fofll,'UOI).
. Ctodlta uN.tud to Olhor renlollCUvltlos (_Instructlons) , , , . , 12.
13 Olhorcrod!!!~In3trucboMl , , , , , , , , , , , , , , , , . , 13
AdIu.l- 141 Deproc:llbon Id~'.lmOnt on prop8l1y pllCOd In _ Iher IDOl , 141 -16 See Shareholder'l
mOll" b AdjuatOOgolnorlo.. , . , . , , , , , , , , , , . , , , . , , , . 141> Instructions lor
IIldTu 0 llopItllon (Olhar Ihln olllld g..), . , , . , , "',', , 140 Sehedule K-l (Form
Prof... d (1) GrOIG Inca".. hom oW, gas, or goolhormal propor1loa , , . d/l
- 11205) Ind InllrUctlons
- (2) OllducUono aItoclblo 10 011, gu, or goolhormal proporllot . d/2 -- lor Form 82&1
It.ml . Olhor sdlustmllnta .nd lax pr.tor.nce II",", (InlCh 9Chodlllo) 14.
For Paperwort R.ducUon AIlI Notice, ..,Inler,
Copyright (1l11flU 10fM IOUw.r. only Cf5YII.IIl" Inc.
Fo'rn1 nos Sllh.du~ K"'111 '~U.
SCHEDULE K-l
(Form 11205)
Sharohf., ..:r'5 Share of Income, Credits, D... ..uetlons, ete,
. See tepa,..,. Innl1uctJons,
For cal.ndolir V&.lr 1993 or l.1x Yeilr
,1993, Ind endln I 19
Co oration', Identifying nu~_..?2.:J:j 2 J 180
('...orporQ'JOn'A name, address, and lIP code
SILVER SPRINGS THEATRES INC
OMS No, 1545-01JO
OIPlrlmenl ol1hl r'luIJ,y
IId""'l A.....rna 'iefV". ~lnf1fn
Shmh~ld.r" Id.nUfyl!:!ll.~" 4 6 0 - 2 1 - J B 04
ShNeholdef"g name, addfQs'l, and ZIP code
DANIEL M JONES
214 BALTIMORE AVENUE
1993
MT HOLLY SPRINGS PA 17065
214 N BALTIMORE AVENUE
MT HOLLY SPRINGS, PA 17065-1203
A Sh.,eholder's percenlage 01 .UKJ< ow'....hlp lor Ill)( ve., (900 In.tructlons for SeOOdule K-1), . ~ '" .4, : .8. ~.l: %
B Inle<nal Revenue Setvk'.e c"nl.. wh..e corporallon filed Ns return ~ !Cl:'.I. ~I?~~.~J:I;~~.....,.............. _............,.......
e Tll)( ahel1.. registr.lIon number ~ Inslrucllol19 for Sehodulo K-1) , . , , , , , , , , . ,..
o Chock .ppllcable box..: (1)[,_1 Final K-1 (2) D..Amondod K-1 ......,...................,... __
(ncom.
(Lou)
Declue-
Ilona
Inv..t-
.....,
Int....'
er_
~1lOl-
--
Iftd Tax
......-
-
11_
- - -
(,.~ Pro rala S!1MQ lien\! (b) Amount (0) Form 1040 Iile" enl",
I he amount In ~lumn (b) on;
os) from tr.do or bu~ne.. octlvllJ.. . 1 601 ~:>"" Shlll'eholders
rom renlal real estate &ctlvitles , , 2 Instructions for Schedule
rom olhof rental activities 3 K-' (Form 112(5),
i!!~~iiI' .
OS):
164 Seh. B, Par1I, line 1
, , 4b Seh, e, Par1I1, line 5
40 Seh, e, Part I, line 4
1\81 gain (1098) , , , 4d Seh, D, line 5, col. (I) or (9)
81 gain (10..) ,. , 4. Seh, D, line 13, col, (Q or (9)
me (10..) (O"OCh schedule) 41 (Enl.t onlppl, Iinlfol)'ourrlturn,j
9OC1Ion 1231 (olhor Ihan due 10 C8SUally or SII $hl,.holdtr'w Inllrucllon.
, , " , 5 lor Seh.dul. 1'\-1 (Form 1120S).
Uatloch schedule) - lEnltronlppl,Un.ol)'oUff.lurn,)
, , I -.
IioI19 (900 In.trucllono) (atloch schedule) 7 -- Sch, A, line 13 or 14
deducllon , , , , , I
10 POrtfolio Income (10..) (."och schedule) e ~rlltShl""0Id'f'lln"ruCllon.
I t lor Sch"rlul. 11.-1 (Fo/m 1120S).
anoeh schedule) . " , 10
Inv89tr"onl doblS, , , , '. . 11. Form 4952, line 1
me Included on lines 4a, 4b, 40 and 4f above b(1 164 H1_..Sh""hOld.f'llnllructlonl
11.... Incl\Jded on line 9 above . b(2 lor Seh.dull 1(-1 (Form 1120S~
-
sed .. tu... , . . , , , 12. Form 6<478, line 10
ng cr.dlt: Wllllilill
1D(5) Pll1l18r1lhlp. 10' prop..1\' placed In ","vice
, , " . b(1 --
ne 12b(1) 10, p,opolty placed In 9OlVIoo bofore
, . , , " , b(2
G)(5) Pll1norshlp. for property placed In 9<lf'Vk'", Form 8588, line 5
, , , . , , , , b(3
roe 12b(3) for property placed In 00l'\I1r" ah....
. , , . , , " . " . , , b(4
!lon tllCpMdllurea r....led 10 renl81 real "Iale IlCIMtIoo
. . ", , , . ,. . , , 120
credtta shown on Woes 12b and 120) relaled 10 renlat rfc..Shlr.holdtr'llnltructlon,
(_ lnatrucllons) , , '" , t2d or Slilhldull K~ 1 (Form 1120$).
lhor rentllllC1Mtlee (... In..trucllon.) 12.
Ins~lIons) , ,,' , " , 13 -
..- -
nl on property placed In """Ice att.. 1988 , 14. -1 See Sh....holder'.
os, , . , , " , 14b lnstrucuons lor
.n 01 .nd gu) . , , , , , , , t40 .
om 011, gu, or geothormal prop_ d(1 Sehedule K-l (Fonn
11205) and In.tructlons
.bIe 10 011, gos, or geolhermal proper,"", . d(2 lor Form 8251
and Ill)( pre'..ence lIarm (a"ach 9Chodu.l!L:-,-,-, 14. -- .
1 0, dlnOl)l Income (10
2 Nollncoma (10..) f
3 Nellncome (10..) f
4 Ponfollo Inco,oo (10
I Interest
b Dividends,
e RoV8ltloo .
d Nel.hort-leIm cap
. NOllong-1eITn capll
I Olhor portfolio Inco
5 Nol g8ln (Io..) under
IOOh) . , .
I Othor Income (10..)
7 Charttable contrtbu
I SectIon 17e expense
. Deductlona r....1ed
13 Othor doducllona {
". Inloreo1 8xpenso on
b (1) Inveotmenllnco
(2) Inv..tment "PO
1 aa C<edIt for oleohol u
b I.o",-Inco"", housl
(1) From _n 42
before 1990 ,
(2) Other Ihan on II
1990 ""
(31 From _n 42
an"'lll8Q , ,
(4) Other than on 1
188ll. . , , ,
o Quoiftedr~.
(_lnolrUClIono)
d eredlto (other than
rool ..ale oc.1Mtlea
. eredlto r....1ed 10 0
13 O1hor "'edIto _
1411 Doprodat1on .d/U_
b Ad/U_ goln or 10
o Dep_n (other Ih
d (I) Gro"lncome lr
(2) Deductions aIIoc
. Othor adjull1mon\lJ
Fo, ~efwork A.dvClllon -'ell NoUet, ...Inltr,
CllpyTlght(c) Illn 1011ll lollw.,. ,,"ly Cf'lSyvlUII, lne.
Form 11205 :'teh.dul. K~1 (1'-tJ)
SILVER SI'
ScheduleK-1 (Form 11;:!QS) (FHJJ) DANl
(I) Pro rala share IIams
151
b
Foreign .
Tu.. d
0
''''
b
17
0111.. II
II
ao
21
22
0
b
23
SUpple-
_1M
liIlor-
mallon
~
JS
M
23-1623180
460-21-3804 Pogo 2
(c) Form 104C lilars ontor \!w,
amounlln column (b) on:
Form 1110, ChOCk bo,l(os
THEATRES
JONES
INC
(b) Amounl
Type 01 Income ... u . . . . . . . . . . . . u _ . . . . . . . . . .. .. . . . . . , .
Nama of foreign counlry or U.S. possosslon ~.. _... _.. ...... ._
Tolal graBS Income from sources outside tllo U,S. (tllttlch schodulo)
TOlal applicable deductions and lassos (allach schodule) .
Tolal foro+gn lax89 (check on.): .. 0 Pard 0 Accrued
Roduction In tAlCoa available lor crodll (al1ech sctlOdulo).
Olt!!f lorelgn tlUl inlonnaUon 41111Ch schedulo
TOlal expendllures 10 which 0 section 59(e) elecllon may apply
Type 01 expenditures.. ...,.,...,. _ . . , . , ., , , . , , , , . . . , , . ,
Tu-ex~llnler89\ Income
Olher tU"'lII1"4lt Income , . . , , , .
Nondeductible e,penses , , , , ,
Propelly dl8lr1builonB (Including ...h) Olher Ihon dividend dl8l11butlons
reponed 10 you on Form I09Q-OIV , . .' """
Amount 01 loon repoymenill lor "Loons From Shareholde<s" .
Aecapillre 01 low-Income housing credit:
From _n 42U)(6) ponnershlps
Olher thon on line 220 22b
SUppiemenlllllnlcrmailon required 10 be reponBd separ.,Bly 10 Bach sharBholdBl (Bltach Bddltlonalschedulos It more space 10
need<>d):
150
ISd
ISo
\51
IS,i
lsa
Form 1116, pan I
Form 1116, Pon II
Form 1116, Pan III
5.. lrutructlon. lor FOlrTl 'lIe
.s"Sh.r,hold,r',lnl\ructlonl
101 5Ghldul, K~ I (Form I \2QS~
Form 1Q040, line 6b
S.. S"."hold,r',lnllrucllonl
for SOIl,dul, KM 1 (Form 112Nl~
221
Form 661 1, line 8
........,..............................................................................................
..............................................................................................~.......
.......................................................................................................
......................................................................................................
......................................................................................................
.........................................................~............................................
...........................................~..........................................................
......................................................................................................
......................................................................................................
.....................................................~................................................
......................................................................................................
........................................................................".............................
......................................................................................................
...........................................................,...........................................
For ...,erwork "'ductlon Act N~tI~, ...In.''.
COflyrlgh1lCll'U fa,,,, .oU..,. only CPSytllltll. Ino.
Form
SCh'du"~3)
~~m4'62('993) SILVEH ~;prL ,..;" TIIEATHES TNC ?]-1.!:.?Jl8~~~
[Part V 1 Usted Property - Automobiles, Certain Other Vohlclo~, Cellular Tolophones, Cortaln Computors, and
Property Used lor Entertainment, Recreallon, or Amusement
For any vehICle 'or which you IUO u!tlng lt10 slandntd mloago rale or dodllclIng loa90 o)(pon[)o, complfllo only 22a,
22b, COIUnlM (8) through (C) 01 Soction A, all 01 Socuon S, and $oct/on C If apphcablo,
Section A - Oeprec:I...Uon i1nd Othtlr Information Ciullo": s~ lnglruclJon9 'or Iimllallon9 lor filllornobllo9,
22100 you n..... Ivld.nn 10 .uppo/lltle bUlln'u/ln..ntM'lIlIlI \/11 cIA.mtd? Vel No 22b If "Yos," Is ltlO ovidnnco wrllion?
(0)
O.Slllor
dlpl'tlallnn
(till linIn I
Invulmlrl\
(I)
Typlol prop.,l'!'
(~.l VI''1Iclnllull
(b)
Oal<<pLlind In
UNIC'
(e)
aUllnlnl
11I....'mlnl
'"
ptrc,nltgo
(d)
COllor
olhlrbUl'
(I)
fhtovlry
PltlOd
(g)
M'lhodl
Corwon\!t1n
(h)
Depr'Clltlon
(l,(ll/cl,on
EI,<:ltd
..<:llon,,,,
losl
23 Property uood more than 50% In 8
lJalilied bu~no., u.. :=r~IO"') ~
used e.o% or less in a uaUfled buslness use soo Instructions:
F=t
_L
24 Pro
'/0
S/L.
S/L.
SIL.
21 Add lImunlllln colulM (h). Enler 1110 10lal her. and on line 19, page 1 , , , , , , , , 2S
21 Add aI'T'Ounls In column! , Entor lhe lotal here and on Uno 1, e 1 . 26
s.oUon 8 .. InformaUon Regirdlng U.. of Vehicle. - II you deducl e)(pense9 lor vehICles;
. Atways campisi. Ihle I18CtIon fOf vehlckJs used by a sole proprietor, par1ner, or other "more than ~% owner," or ralatad person.
. II you provided v._ 10 your 8l'l1lIoY"" l.sl Inswer IlIe quesUOns In SecUOn C 10 ... II you mo.' an excepllon 10 cornplellng IlIis oocUon 10'
lhose v.hlcles,
(.) (b) (e) (d) (.) (I)
21 Tolalbul./lnv'lllfttftl mil" V,hitl, t Vahlt!.1 V.hlcl.3 V.hltl.. Vehltl. !I V.hic!te
driv.n during lh. 'If. (00 NOT
Includ. commuting milt.). . ,
2. TolIIl commuting ",111. driv.n
durin; lh. y..r. . , ,
21 TolIIl othtt p.,aonallnon..
comMutlnll) milt. drl..-.n .
30 Total mU.. drlv.n dUMn,
lh. y..r. Add.nt. ar
thl'ou;h a... . , , . . .
V.. No V.I No VOl No V.. No VII No V.I No
31 Wu th......hlel. ,,,.lklb.. 101'
~.l'Ion.1 un during oU..duly
OUrI'...".." .
33 W.. lht "I hie It u,.d ori..
m"lIy by' "'or. tnll'! $"
own., or ,..kll.d Pinon" .
33 I. anolhtt ....hleltll....lJ..blt
101' ,._nonll u.., . , .
Secllon C - OuMtIona lor Enlf>loV""' Who Provldt VaIllcl.. lor U.. bV Thllr EmpIOV'"
"'- .- queeUono 10 de_ne ~ you ".. an excepllon 10 C<Ofl1'leting _n B, Nolo: SecIIon B "..,sl aIwlys be colr4lloled lor vuhlcles
used by 001. proprlelO.., part""",, or olhof more Ihln ~% ow""", or ,ellled ptllOOns,
V.I No
:14 Do you maintain I _ policy ItAloment lhal plohlbl1ll II pers,,,,oI use 01 vohlr.le$, Including COlm'lJUng, by your
8l'l1l1oV-?, ..,.."" ""." "",."",.",.",
3S Do you malntoln I VoTInen policy S1110m0nllhll p,ohib<1ll peroonlll u.. 01 v.hIcIes, .xcepl corm>JUng, by your
. 8l'l1lloyeM? (See Il1lIlrucIIons 10< vehldes used by ccrpo,ale olflcers, dIIoeto.., 011% or more owners,) , ,
:Ie Do you ~.It II u.. 01 veI1lcIet by O!11ployuea .. p<<oonol use? , """""",.",.",
31 Do you provide """. than ftve v_ 10 your """Ioyuea and ,.'aln lhe InlonnaUOn '8C8Ived from your ."'ploy...
conoernlng the u.. 01 \he ""_?, , , , , , . , , , , , , . . . . , , . , . ,
31 Do you """" the requlr""",nll concerning qualllled automobile dernons~IUOn use (see inslrucllons)? , , , , , ,
~~~~i]jr..- to 34, 3~, 36, 37, or 3010 'Y.... you need nol CO!'1'IeI. SecIIon B lor the covered vehicles,
, Amortization
(b)
Dll.,martlntlon
blgln.
!!!ili"il!I!li':l'i;iLiiH!
(I)
O..orIptlonof oolll
(e)
Amortlublt
'11I01.11'1'
(eI)
Cod.
..otlon
.
(I)
AtrlO,\lutlon
lnrthl.yNl'
3. AmorUzltlon 01 coS1ll thol begl'lS during your 1993 lax year:
-f
A"'vl1l<lon
p.'lodor
.re.nll'
!!li!i'lliillli'illi
,:11111
'11'lii!!
t-
40 Amol1lzltlon 01 com thlt begin belor. 1.93 ,
41 Tobll. Enter here Ind on "Olher Deductlons" or .Olher Ex .n....Une 01 our r.\Urn ,
Fo, PIIlM''lItorll AlfdueUol'l Aclt Nolle., In Inlt,. CopyTIghl (clllU IO'I'II.ollwllf on I.,. CPS.,..,.ml, I"Co
40
41
Fo,,,,
11111131
,)tpM'flI.nt of Ihl 1'~H\Jry
1<l1~"lAI llh.nut ~'~'.'rt
U.S. lI.vorne Tax Return for an S t.VI poration
~ 0" not lite this form unles.9 the corporation has tlmdl( f1lod
Form 2553 10 elocl to be an S corpo(allon.
~ !.ioe 90parate In!'ltructlon't.
or 1.:1)( YOM bo Inning 1<)q4 Ilnd orH1HI' 19
i'jMflll() 1('..\~J-I)\)0
r,,"" 11205
1994
For calendar yoar 1994,
A Dale 01 olocllOn as
an 5 corporallon
SILVER SPRINGS THEATRES INC
--
C Employer Identification no.
23-162Jl80
Us.
IRS
label.
Other-
wIse,
plea!le
print
or type.
214 N BALTIMORE AVENUE
MT HOLLY SPRINGS, PA 17065-1203
-.--
o Oalo Incorporatod
01/06/49
E Tolal assols (!Joo Spocillc
Inslr\lctlolHl)
_~27 72
B BU91fl009 codo
no. (!lOO Spocllic
InstruCllons)
7830
F Check applicable OO'es: (1)
G
H
IMial roturn
(2)
Final fulurn
(3)
Change in address
(4)
82,725
Al'l1onded roturn
Enler number ~~areholdor9 in tho corpar_allon at ond 01 Iho la)( yoar
.
.0
4
Chle~ ttll, tl(l~ d 'till S e;HpO/ltlon II luul,et '0 'h. conlolld.'td .ulll! j:HOr,ldu'" 01 nellon. 62"lh/Ough 82'~ l'" 1/IIlIUclio/15 belo/I Chtl:~I"g llllt bar)
Clutlon: lncludo onlv trado or business Income and e)(pen!109 on Iinos 111 IhroUQIl 21, Soe tile jnelrllcllons lor mora inlormallon,
11 OrOIl/le.IPllo,..I..1 11, 00 cfb LII. /lhll"l .nd lIl10wlInr,u I I c 8al ... 10 11,000
I 2 Cosl 01 goods sold (Schedule A, lino 8) 2
n 3 Gros.s profit. Subtract Iino 2 Irom Ii no 10 , , 3 ,_....J:.!:.L2.Q.Q.
0
0 4 Net gain (10..)1'010 Fo'm 4787, Part II, line 2U (ellach Fo,m 4787) 4
m 5 OUUlr Income (loss) (see InstrucUons) (allaCh schodule) 5 3,500
0
8 Total Incom. tloasl. Combine lines J lhrouah 5 . . 8 14,500
7 Compensation 01 oNICer8 . , , , . 7
s 8 Salaries Ind wag" (less employment credits) 8
.
. 9 RepaIrs Ind maIntenance " , , . 9 6~
, 10 Bad deblS 10
, 11 Renla 11
0 . ' ,
. I 12 Taxes and Iiconsos . ' , 12 5~~
d ,
0 . 13 Interoet. . . , . . ' , . ,I ;4'11 ' 13
--
0 14a Dop'eclallon (aee In.~ucllona) , , , , , , , , , , _1.2 ,
t I
I , b Dep,eclaUon claimed on SChodule A and el.ewhe,e on ,alurn .114b I
0 , o Sub~aclllne 14b I,om line 14a, , , , 140 45
n . . . . . , , , ,
I I 15 DepleUon (Do not _01 olllnd gll cMploUon.) , 15
I ' .
m 18 Ad\lertJ8Ing. . , . , , , , , " , 18
, Penalon, p,oOt-ahanng, otc" plana. 17
I 17
. 11 EfT'4lloyee benefit p,09,ame I'
I ,.. ,
I 19 Olller deductions (aee Insl1llcllono) (1"lch schedule) 19 4 323
, To'" dldoaUon.. Add Ihe tlIOOunlS shown In Ihelar Ilghl column 10' lines 7 th,ough 19 20 16,215
, 20 ..
, 21 O'dlnarv Income (los.) lram l..de 0' bu9lne.. acllvllle., Subiraclllne 20 I,om IIno 6 , 21 -1,715,
- ' ,
22 Tax, 1 Excess nol passive Income lax (1lIsoh schedule) , I 2211 0,
T b Tax 1'010 SChedule D (Form 11205), ,12211 I "',
I . , , ,
. a Add line. 22a and 22b (aee In.~ucllona lor addlllonall",ea) , , " , ' , 220
. 23 Plymon..: 11994 e.Umoled lax pay,non" and amI. applied I'om 1993 'elurn 23. 0
b Tax depoalled with Form 7004 231> 0 ,
P , ,
I a C,udlllo, Fedelallax paid on luela (a"soh Form 4136) , , 230 0
Y d Add lines 23. 1I110Ugh 230 , 23d
m " ,
. 24 Eallmaled lax ponol1y (aee In.~ucUo".), Checi< If Form 2220 IS IlIsohed . .0 24
n ' ,
t :IS Tax due. If tho tolal of "nee 22c and :l!4 Is IlIger than line 23d, ent8f' amounl owed. See Instructions lor
I depo~tlll)' IT'.alhod 01 poyment . . 25
. ,
21 Oy.rpavm.nt. II Hne 23d h, larg8f' th4ln the to1a1 01 lIn" 220 and 2<4, enUw amount overpaid. . . 28
Enter amount 01 line 26 \IOU want Credited to 1995 estlmated t.11C. Refunded ~ 27 -,-
27
Pleas. ".... ..""..." ..,,,., .........' .... ."........ .......,.". .....-. .......... '".....,,~' - ;'21
b,II.I, 111.tru., eO'IIel, .nd eompl.t., O.el,,,.llon of PllP"" (olht' IlIan lupay,,)I. band on llllnfn,matlnn 01 whle
Sign ~ ---1--_ ~ 1~1 __
Her. Slonllu'e 01 OfflcOl Dale ntle --
-- ~te [;k il ~If- r-if"'''''' "',,,,,,,,,,, ,,;;-;;;;--
Preparar'. ~ /
Plld signature / e loved 209-12-6630
. --
Prepar.,'. F!'IlI'.nlmt ~ ~<?X~!U~ .~~:r:T_E;13".9R~!'!.................. _....-
UN Only (t! Ouftlf P.O. BOX 8300 EJ No. .23-1311005
..l.,mPIOY'd)
lnrllldd'UI cAMP"HILL.... - - -...... "Pi>.' ......... ..... - -.. .... ZIP Code. 17001-8300
-
Dln Fo, P.p.f....,H_ A.duehon Atl Nollc,. u. Inttf
COJlYlIghtlcl1~g410Hn lollw.,t only CP5yll.m'.lnc.
~fl'm 112051In"l
~'()rIll1120S \1901'\)
[SChedule A I
SILVER SPR",GS THEATRES INC
23-1621lH()
P,lqll 2
Cost 01 Goods Sold (500 In9Ir\lCllons.)
1 Inventory al boglf1nll1g of yoar
2 PurchasQs
3 Cost 01 labOr
.. AddItional socllon 26JA costs (soo InslruCllOnS) (aMach schodule)
5 Olhor costs (attach schedulo) ,
8 TolJIl. Add lines 1 lhrough 5
7 Inventory at end 01 year,
8 Coat of goods aold. Subtract IIno 71rom Iino 6, Enter hore and on page 1, Hn(l 2
8. Check all methods llsed lor valumg clOSing invonlory:
(I) ~ Cost
(II) LOWOf 01 c091 or markel as doscllbod In Rogulalions section 1.471-4
(III) Wlllodown 01 "subnormal" goods as described In Rogulallons aeclion 1.471-2(c)
(Iv) OlhOf (specily melhod used and anach e'plan'lion) ~
b Check II the LIFO Inventory melhod was adopled Ihis lax year lor any- g~~d." (;I.Ch-';'k~d: ~"~C.h. F~r;'; 970j ~ . ,. : ... : .... '. . . . .- : .. . - - ;. . D' .
Cl II 'he LIFO Inventory method was used lor this ta'lC year, antor percentage (or amounts) 01 clOSing Inventory
computed undOf LIFO ,
d Do the rules 01 section 2B3A (lor property produced or acquired lor resale) apply to Ihe. corporaUon? ,
. Was there any chango In determilllng quantiUes, COSI, or valuations between openIng and closlnp Inventory?
II "Yes," anech e)(planallon,
I
2
3
4
6
6
7
B
,,~o
..' Yos l~
, , Yes D No
I Schedule B.I
Other Information
Yes No
t Check maltlod olaccounUng: (I) [K] Caah (b) 0 Accrual (0) 0 Olher (specily) ~ .. ... ...... . . ,_ . .. . . ... __
2 Refer to the HSlln the Instructions snd alale Ihe corporation's principal:
(I) Buainoa.."Uvity ~ ~~:r:;:R,!,^!1'{l:l,E:~:r:....... _. (b) Producl orservice ~ ~Y:r:I?~9R. :r:':I.E:J:.:r:'3.E:... _..__
3 Did the corporlUon II the end ollhe 18)( veil own, dlrectlv or Indirectly, 50% or more of the voting slock of a domestic corporation?
(For rules olaMbution, see aecUon 267(0),) II "Yes,' aMch a schedule showing: (I) name, eddress, and empl',yer Idenl1llealion
numbo< Ind (b) pOfconlaga owned, X
4 W.. the corporation I membet oil conuolktd group subject 10 lhe provisions of seclion 1561? . -X-
I At any time durtng cwndAf V81l1QQ4, dId the corporaUon hive an Intereslln or a slgnaluro or other authority over a IInanetBI account
In I fore6gn country (such as I bank account, 88Cur1tl08 Iccounl, or alMr financial accounl)? (See Instructions lor eKcepllon9 and
IIIlng requlrementa lor form TO F 90-22,1,) ., X
If "Yes," enl.. the nlllTlO 01 tho foreign country ~ __...,.., __ _ _ _ . . .. .. .. _ __ __ . . .. , . .. . , . . . . . . . .' __ , . . , . __ , .. . . __ _
. Waalhe corporation Ihe granlor of, or transferor to, .'orelgn trust thai o)(ISled during Ihe currenllax year, whelher or nol the
corporation haa Iny benellclal inl....t In U? If "Y",'lho corporation may have to IIle Forms 3~, 3520-A, or 926 X
7 Check thla box II the corporation h..llifld or Is required 10 lIIe Form 1264, ApplicaUon lor Roglaualion 01 a Tax
Sholt'" . ,~ 8
. Check this bex II lho corporation issued publicly o"Ofed debt InslNmants with orlglnlll issue discounl . ~
If 80, lhe corpllration may have 10 file Form 1281, inlormalion Relurn lor Publicly O"Ofad Original Issue Discount InslrumenlS,
8 If tho corporatk.n: (I) filed Ita election 10 be In 5 corporation IU", 1866, (b) wa. a C corporation belore it elecled 10 be an 5
corporation 0( lhe corporation acquired an .....1 wI1h a b.... delermlned by relOfonce 10 Ita baals (or the basis 01 any olher property)
In the hinds oil C corporltion, and (0) haa net unrealized built-In gain (defined In aection 1374(d)(1)) In e,c..s 01 Ihe net recognize
buill-In gain Irom prior years, ent'" lho net unrealIZed buill-In gain reducod by net recognized buill-In gain 110m poor years (see
Instruotions) , , , . , , ' , , , , , , . , " , ~
J!....9OOC)( this bole If lhe corporation hid !Jubch 191" C eaml! S lInd ronte at lhe ck)se ollhe tax ear S98 In9trucllons
Oe.lgnatlon of Tax Mettere per.on (See InsINcUona,)
Ent.. below tho shl/aOOid", designated as lho I.. man... pOfson (TMPllor Ihe lax year 01 this relurn:
~=n~:ed TMP ~ HELEN JONES ~~~~n~ TMP ~
Addr_ of It. 214 BALTIMORE AVENUE
d..lgnatedTMP r MT HOLLY SPRINGS PA 17065
204-26-9981
For P.plfwork R.ductlon Act Nolle.,,,, In""
CapY'lglll(c) In. form loltlfil"" only CPSyll,m" lnc,
Fo,", 11205 (\9Il~1
FOIml120S119941 SILVER SPk_.,GS THEATRES INC ?,J-!62J1RO
[jlchedule K I-Shareholders' Shares 01 Income, Credits, Doducllons, elc,-,__.__.
(a) Pro lAta 9hflfO IIf)m~
t OrdlnNY Income (loss) Irom tlado or buslnoss actlvltlos (pago 1.lIno 21)
:I: Net Income (loss) from (ontal roal estato actlvltlOS (altactl FOfm 8825)
31 Gr09s Incomo from olhor ronlal aclJvlUos ,
b Expenses Irom other ronlal actlvltlOS (attach schodulo),
c NOllncome (loss) from olher 10ntAI acltvities. Sublracllino 3b 110m line 3a
,. P0r1101io Income (loss):
I Intorest Income ,
b Dividend Income
c Royalty income
d NOlshon-lerm C.Pllal g.ln (loss) (.n.ch Schedule D (Form 11205))
. Nellong-Ierm c.pll.1 g.ln (Io.s) (.n.ch Sohedule D (Form 11205))
I Olher ponlollo InC<lroo (10") (.n.ch schedule)
G Net gain (loss) undor seellon 1231 (olhllt Ih.n due 10 ca.u.lly or Ihell) (.nach Form 4797) ,
8 Olher Incoroo 1I0.SI I.nech schedule\
7 Charllable contrlbuUon. (.ee InetrucUone) (anach schedule)
8 Section 179 e'pense deduction (.nach Form 4562)
9 Deductions relaled 10 p0l1101l0 InC<lroo (loss) (s.. inslrucllol\s) (1Ien>'e)
10 Olher deduclions len.ch schedulel, ,
111 Inlorest expense on InvsSlmenl dabts ., , .
b (1) ltweatment lncomo Included on Unes 41, 4h, 4C, and 41 above
/2\ Inv..lroont e,oens,,'nCluded on line 9 above ..,...
12<1 Credlllor alC<lllol used II a luel (.nach Form 6476)
bLow-Income housh19 crodlt (see Instructions):
(I) From partner.hipslo which seellon 420)(5) .ppll,,'or properly pl.ced In 'ervice belore 1990
(2) OlhOl th.n on line 12b(l) lor properly pl.ced In service belor. 1990
(3) From partn"'shlpslO which secllon 42W(~) appll.. lor properly placed In service .Mer '9S9
(4) Olher than on line 12b(3) lor properly placed In service .Mer 1969 , ,
o Qualified rehabilitation e'pendllures rel.,ed 10 renlal re.' eslale .cliyltles (a"ach FOlm 3466)
d Credita (other Ihan credlls shown on IInes12b .nd 120) rei. lea 10 renl.' realee'.'e .cllvlll" (s..
Instructiona) '" ., , . , , , ,
. Credits rel.,ed 10 other renlalacUYIU.. (... InstrucUons) "
13 Olher credlls Is.. Inslructlonsl ,
14.t Deprecl.lIon adluslmenl on proporty placed In service .Mer 1966 ,
b Adl"sted gain or 10.. ,
o Deplellon (olher Ihen 011 and gu) .
d (I) Gro..'ncoroo from oil, g.., or goolhefmal propenl.. .
(2) Deduction. allocabla 10 011, gll, or goolhOlmal properties , .,
. Other .dlustmenlO .nd Ill>( orelerenceitemo I.n.ch schedule\ .
15<1 Type of Incoroo ~ ...'....................................,.................. _...
b Name ollorelgn C<luntry or U,S, poaaeeslon ~ ......................................,.,.
o Tolal gro.. Income Mom lOur""" oullide lhe United 5,.,,, (anach schedule) , , ,
d Tal., applicable deductions .nd Io~.n.ch schedule), , . . , ,
. Total lorelgn ""'.. (checll one): ~ U Paid D Mcwed , ,
I Reclucllon In ,.... .v,;l.bIe lor cr8dh (.nach ocl\edule) , , , ,
o Olher lor9lon Ill>( Inlorm.'lon (.nach achedule)
181 Tolalel<pendlrurea'0 which. seellon ~9(.) e4ecllon m.y apply .
b Type ole'pendllur..~ . _..,......... _......................... .................,..
17 Tfl)(-QM8fll)t inloresl income
I. Olher t..-..empllncoroo
19 Nond8duoUbIe ..pen...
20 Tal., proporty dlstlibullon. (Including c..h) olher Ih.n dividends reponed on line 22 below
21 Olher hen-e .nd amounl. required 10 be reponed oepar.'eIy 10 sharehOlden (_'I\.,rucllons)
(."ach schedule)
22 TOlal dividend dlatlibullon. p.'d Irom lICDufT'IJl.,ed aarnlnga .nd pro Ills , , , ,
23 Inoom. (10"). (Requlrod Ol\ly II Schedule M-l musl be compleled,), Combine IIn8'll 1 Ihrough 6 In
column (b). From the result, subtract the sum of lines 7 through 11 a, 1~, and 161 ,
I
n
o
o
"'
.
.~
3b
L
o
.
.
o
.
d
a
II
nl\
Y'
C
r
t
.
1~
.
T I
II
am
.
~T
r.
T:
X.
?
h
.
r
For Plp.rwo,,,, R.ducllon Act 'IOIIC', lilt Inllr,
CoPy"g~lltlll1114 101m Inllwlr, only CPS'l"l~m., Inc.,
30
4.
4b
40
4d
4.
41
5
a
7
8
9
10
II.
llb/1\
Ilbl2\
12.
12bltl
12b12\
12b/3\
12b14\
120
12d
12.
13
14.
14b
140
14d11\
14d12\
14.
11:1.'
15c
15d
15.
151
150
18.
: '
17
18
19
20
". ,
22
23
I
2
P'lqn 3
b) Totnlll')'Il)\llll
-1 715
.-::.....L___. ~...~
-1. 715
Form 11205 i1llg'l
SCHEDULE K-1 1 Sharehol",<Jr's Share 01 Income, Credits, Deuuctions, etc, \('!'^-~ l1019"9'"-"4'-:"-'-"I1..,-
(Form 11205) ~ See ..p"aleln.t,ucllon"
"".".." ",,, '<om" Fo' calend" yu, \9940' '" ye..
"",,,I ",,"'" """," beginning , \994, and .ndln ,19
~holdor'~!tyln~ num_~~~_?..!..:l9.::22- ~ 8 Co orallon:!-I.'!.nlltyln9 num~ ~ 23 - ~~2118 0 --'-
SI,.rohOldor" nan"', addra", MId liP codo corporallon" namo, addro.., nnd ZIP coda
PENELOPE DEMELLO E SOUSA SILVER SPRINGS THEATRES INC
RUA PERI 126
JARDIM BOTANICO
RIO
A Sr,arohOlde," percenlage ~~;;;;;;;;ipIo;t.;V;';i;;;;In~\rucllol1S lor schedule K-l), . ~ _..~. ~~. ~ ~,'i'
8 Inlern,l Rev.nue Service Conle' where corporollon med It. relurn ~ !".I:IJ.r,.~l?~I,<]?.l:l~:~...,..."""""""""'"'''''' -....'
C TO)( .helle, r09I9\r.llon numbe' (S.., In.\rucllonslor schedule K-I) ~
DE 22460
214 N BALTIMORE AVENUE
MT HOLLt SPRINGS, PA 17065-1203
(;11"1 Fln.1 K-l 12\ II Amond~d K-, ...........................-....
D CMck applicablO ~'9:
(a) Pro rata sharD lloms (b) Amounl (0) Form 1040 IlIe" enle'
----- the amollnt In column (bl on'
I Ordinary IncomEI (108s) 110m trade or business ac\lvities , 1 -83 ~~.. Sh.reholder',
2 Net income (loss) !rom rontal faDI aalst'] actiVities. 2 Inslructlons lor Schedule
3 Not income (loss) horn other renlal acUvlllos 3 K-1 (Form 11205),
4 PortfoliO Income (10"): j"
. Inlet..1 ' 41 Seh, e, Pan I, line 1
l"earn- b Dividends , 4b 5Oh, B, Pan II, lI"e 5
-
(~o..) 0 Royolll" ' , ' , 40 5Oh, E, Pan I, line 4
--
d Nol ,hon-1e(1l1 capitol goln (10") . 4d Sch, D, line 5, col. (n or (9)
. Nellong-te,m c..pllo! g.in (10") 4. sch, D, line 13, col. (n or (9)
-,
, Olhet portfolio InoolOO (Io.s) (eneoh sehedule) 4' (ElIl8rOnapPI,!II\.olyoU/r8\\I/n,1
5 Net gain (lus.'i) under sectlon 1231 (otMr than due to casualty or susnar.lloldll'tlnllrucllonl
Ihe<<) 5 !or sell.dul. K-\ (FOrm \\205).
8 Olhe'_lneome ~..) (enaeh .e~~dule) 8 IEnllllonlPpl,hr\eolyourl8lurnj
7 Chlll'i\able contributions (see Instructions) (attach schedule) 7 Sch, A, line 15 or 16
-
D.duo- a SocHan 179 o:-:penso deductiOn, , 8
-
Uona g Deductions relalod 10 portfOliO lncon'W (loSS) (anach schedule) g jr"SlIlrllloldlr"lllIlrUC\,nn.
-- !or selledul' K-\ (Form \\2091,
\0 Other deductions (attach schedule) , 10
- -
Inv..l- III IntElf98t expense on lnvestmont debts, ' , . ' ' , ill form 4952, line 1
ment b (1) InvestMellt Income included on lines 48, 4b, 4c Md 41 above b(ll ~rU Shartlhold,r's IrollrucllOn!
Interest .-EUnV9S\lnent e:-:penses Included on line 9 abOVO , 'bi2l lor Sellldul. 1(-\ (Form \\205).
- - -
\20 Cr~dlt tor ak;OhOl used .s fuol ' , ' , 121 - Form 6478, hne 10
b Low..income housing credit: [I',i,:"
(I) From section 42(j)(5) partnerships 10' propOl1Y placed In 'erv\C<l
beloro 1990, b(l\ -
(2) OIhe!lhan on line 12b(1) 10' proper1y placed in """Ice belore
1990 ' , ' , \ bJ2\
(3) From _tIon ~20)(~) partnership. 10' properly pieced In """Ice Form 6586, line 6
Crodllo 1<<0,'989 , . , ' , " , b(31
-
(4) Othe! than on line 121>(3) lor properl'/ placed In s"",1ce I<<er
1989 ' ' ' , ' , .,.., ' 1>(4\
0 au-'It\ed rohlbllllltlon e.pondI1Ul" relaled 10 rento! ,e-' ..tale
actlvl\l8ll (_ln8INctlono), " , ' , 120 -
d c,edtts (othe! \hln e,edlUl8hOwn on lines 12b and 12c) ,elaled 10 rental
re-' ","I. acllvltleo (... In.\ructlons) , 12d S..StllrfltlOldlf,.ln1trucllonl
jDr Scnldulll(-\ (Form 1120S~
. C,.dIUl ,elllod 10 olhet renlalacOvltleo (see instruCtJons) 12.
13 ~ credt~s i!!!.~uctk)n9) 13 -
---
"dlull- ,40 Dep,,,,,,atJon Id\u.,monl on properlY placed In ..rviCe .11.. 1988 . 141 See Shareholder's
m_nll b Adlu.led g-'n 0' 10" 14b - lnstrucllons lor
Ind ,.. 0 Depletion (011101' thin 011 Ind gill) , 14. - Schedule K~1 (Form
Prete,. d (1) GrO&8 inC'.ome Irom oil, gas, or goo\Mrmlll proper1l08 , ! dll\ i 1205) Ilnd InsttuctiflnS
_nee (2) Deductlons aUocable 10 011, gu, or gOOlhOnnat proPQrtles Idl2\ -- 101 Form 6251
Item- . Oltlef Idl1l8\rnanlS and \8~~~n'l9 (attach schedule I 140
Form "205 5chetllIIIK~' l1q\l4)
DIn for flIP.r\lIDlk r1.duc\!On ""(.1 Nollce,." .n.tr.
COP'I'rlght(Cl\\;!iIllorm ,ll!\wlr' only Cf'~'f'I.,,\..lnc.
SCHEDULE K-1 L::harChOluer,s Share of Income, Credits, Deaucllons. ctc, 10-"~'-',I.":,~__u
(Form 11205) ... See 9Clpllnle Instructions. I
nl"ltlm,nt <1' lhl l'lluuly For calend.u V.car 1994 or t.1II year I 1994
Inl"~ll A'~'I"u S"Ylr, beginning , 1994, ,lnd ~ndln ,19 ,
~~oldor'. Idonll.!l:~~umbor ~ 188 :l4 - 2 812 i:.orporallon" Idonlltylng numb~ 23- 1623 180 ____'
St,alOholdor'9 nan'rO, addross, t.nd ZIP codo Corpofatlol1'9 nall'ltl, addrus9, .111d ZIP coclo
RICHARD J JONES SILVER SPRINGS THEATRES INC
214 BALTIMORE AVENUE
MT HOLLY SPRINGS PA 17065
214 N BALTIMORE AVENUE
MT HOLLY SPRINGS, PA 17065-1203
A Shareholder'g porcentage of stock ownership lor tAl( vatu (900 Instructions for Schedule K~ 1), ... . .1.5. ~ ,1. ~ ~.o/..
B Inl.rnol R.v.nu. Servlco Conl.r whor. corporlllon m.d lIS rolurn. .I:~.~ ~^l?~~?~.I,~............ _.. ...... ......... ..,... . . .
C TI)( shelter registration number (S96 Instructions lor Schedule K"1) ...
(I/WIIlOIK-I 121 n Amond~~ K-; .......--.......................
0 Chock appUcable boxes:
--
(a) Pro rail share l10ms (b) Amounl (0) form 1040 lllors entor
lhe amount in column (b) on
I Ordinary incoma (loss) Irom trade or business acUvlues , 1 -775 See Shareholder's
a Nellncome (los'J) Irom rental roal oslate acllvitlo& . 2 ~ln3lrucUons lor Schedule
3 Nellncome (loss) from other rental acllVlUes 3 K-l (Form 11205)
4 Portfolio incomo (10"):
I In,er..' 4. Sch, 8, Partt, hila 1
lncoml b Olvld.nde, . , 4b Sch. e, Part II, hne 5
(LOll) 0 ROYIIII"" 40 -- Sch, E, Pall I, line 4
d Nel.hon-Ierm c.pilll glln (10") 4d Sch, 0, IIn. 5, col m or Ig)
. N.'long-lerm capll81 gaJn (10") 4. Sch 0, IIn. 13, colli) or Ig)
, Olher por11ollo Incomo (10") (Inach och.dul.) 41 (En\lfOn"ppl, hnlo' yo III rllUfn.1
5 N., golll (10..) under socllon 1231 (olh.r Ihln duo 10 c.I"olly or SuSharlhold,r'.lnltructlolll
Ih.h) , . , . . , 5 101 SCh.dull l<.-I (f'Cllln 1120S).
. Olher Income (10..). (Inlch .ch.dul.) . ([1I1,Ionaptll.hn,o'YOllll81vrll)
7 Chorlllble COl1tribullon. (800 Instruction.) (Inlch .ch.dul.) 7 Sch. A, line 15 or 16
Olduo- . Section 179 81<pense deduction. . , . , , 8
Uon. 8 Doducllonl ral.l.d 10 por1lollo Income (10..) (.nach achedul.) 8 .~~.. Sh.rlholdtr'llnllruc\lorll
10' Sclltd'Jlt "'-1 (Form 11a05),
10 Olher d.ducllonl ("""Ch achodul.) , '0
Inv..t- lla Inl8l'est expense on Investmont debts, , , "" Form 4952, IIn. I
m.nl b (I) InV88lm8nllncome Includ.d on lines 41, 4b, 4c Ind ~f .bov. bill S.. Sh.rtllold.,'.lnll,uC1l0rl'
Inl.,..1 /21 Inv""'menl eXD.n.... Included on llno 9 lbov. , b/21 lorSch,dult "'-I (Form '1205),
.. --
12a Crodlllor alcohol used Ie lual ,. , . . ,., , 121 Form 6476, IIn. 10
b Low-Income houalng crodll: :i:llll'l:,
'iill,,,111
(I) From _lion 420)(5) plftnerlhlp.lo, propony placed In servlea
belore 1980, , , , , " , , I bill
-
(2) Olher Ih.n on llno 12b(1) for proper1y pllced In servlea belor.
1800 , , "..', . " , .,.. . b/21
(3) From _lion 420)(5) partner.hlp. lor proper1y plac.d In ."",Iea Form fl588, IIn. 5
Crodlla Iher 1888 , , . , . , bl31
(4) Olller Ihln on lino 12b(3) lor properly pllc.d In servlc. Iher b/41
1088 '.,..,'." , , , , , , , " ,
0 Qualified r8h.~.tkm 8lCpendltur. related 10 rent.lll real eslate
ac1lvllleo (_ InalnlC1Jono), . . , , , , 12c
d Cr.dlla (olller Ihon credlla .hown on linea 12b Ind 12C) ralll.d 10 ,.nlol
r.a1 ..,.1. acUvI1Jea (... In.lnIcllona) , , '2d SII Sh.,.lIoldll'.lrI.truellorl'
, , , . 10' SClltdultll;-'!Fo'm IIlO5~
. er.dila ralll.d 10 Olher ronlalacUvl1leo (..... In.lrucllona) '21
13 Olher cr.dlll I... Inslrucllon'.! 13 ---.-
Aelfult- 141 Oepracllllon Idlu.lmenl on propllr1y plac.d In servlc. Iher 1888 . 14. See Shareholdel '5
m.nla b Adjulled gain 0' 10.. , , , , , . 14b InstrucUons lor
Indrlll c Deplellon (Olher Ihln 011 Ind goa) . 140 Schedule K-IIForm
Pr.'.,- d (I) Gro.. Incorn. Irom 011, gl', or goolhormol proper1J"" , I dil' 11205) and Instructions
.nc. (2) O.ducllona alloclbl. to 011, gll, or g80lhermaJ p,op.r1Je8 . I dl21 lor Form 62~1
-!!!ml . Other adjustments and 1Al( prelerence Ilema (anach !lohedulol . 14.
01') Fot PAplrwork Rtducllon Acl NotlCI, ...In.lr.
Copynghl Ie, 1114 lor", Inllw"" Ctnly CP!lYI,tm" Inc,
Fllrrn 11205 5cllldllltK-1 ,'1I~4)
SCHEDULE K-l Shareholul!r's Share of Income, Credits, DOl.luctlons, etc,
(Form 11205) ". See ~ulp.r.le In!ltn.cllon9.
lJ811Af1m,~';J! '1'18 l!U'Vly For coilend.1r yeir 1994 or YJI. ye.ar
<'1(8''11\1 Rh!r'". ~""('(,' be Inn!!.L___...:..!.!.94, find ~l ,19
Sh.reholder's Id~~i.!'umber" 2 0 4 - 2 6 - 9 ~!l.L..._____ _Col]lo,.lIon" Idenllfylng number" _.2 J -.U> 2 J 180
Shareholder's name, addross, and ZIP coda COfpOln1l0n'~ nan'tO, adaross, and ZIP code
HELEN JONES SILVER SPRINGS THEATRES INC
214 BALTIMORE AVENUE
(-;tMl ~I() l'i.lr,-f)11i!
-----~_.-
1994
MT HOLLY SPRINGS PA 17065
214 N BALTIMORE AVENUE
MT HOLLY SPRINGS, PA 17065-1203
.. Sharoholder's percenlaga of stock ownershIp lor 1M yoar (soo lnslrucllonslor SctlodulO K-l), .. .. ~ .5. ~'.l. ~ .9.~;,
8 Inlo'nal Ravenue Sorvlca Cenlo, who,o cOlpo'aUon 1II0d 11. rolurn" R~,I.r,.~I?_E;r,.RI}_I..o;.. _,.. _ _.... _.. . _ _ _....... _ _...". _..,..
C Tax shellor registration num~;rlln9tructlOns for SchOn K<<l) , . , , , . ...
Chock eppllc8blo 00'0" (1 Fln81 K-1 (21 An>ondod K-1 ....4...........................
0
(I) Pro rala share llems (b) Amounl (c) Form 1040 lllars onlOf
1M amounlln column (b) on'
1 Ordinary Income (loss) from Irade or bUSiness activltlos . 1 -775 See Shareholder' a
2 Netlncomo (loss) 'rom renlal roal estate acllv!lios . 2 Hnslrucllons for Schedlllo
3 Net Income (loss) Irom other rontal acUvilies 3 K-' (Form 11205)
~ Por11olio Income (loss):
I llllelesl . ~. Sch. B, Part I, IIno 1
Income b Olvldond., , 4b Sch, 8, Part II, line 5
(Lo..) 0 AOYllll.. Ie -- 5ch. E, Part I, hne 4
d N., .hort-Iorm c.pl1a1 g.ln (loss) 4d Sch. 0, line 5, col. (I) 0' (g)
I Nellong-Ierm c8pl"l gain (10") 41 Sch. 0, IIno 13, col. (n or (91
f Olhor porffollo Income (1088) (.nach schodulo) 41 (Enter on Ippl. line 01 your r~'urll,)
5 Net galn (loss) und8f secUon 1231 (other than due to casualty or 5.. 5111"11010"" In.truClion.
Iheh) " , . , , , .", . , , , , 5 lor .'Jell.dul. Kwl (Form 1(205),
e Olhor Income 110..1 (an8ch schodulo) 5 (Enl.r nn IppL line 01 your r~'urn)
-
7 Chlrttsble conlrtbullon. (soe In.l1Ucllons) (an8ch .chedulo) 7 Sch. A, line 15 or 16
Dodue- e Section 179 expense deduction, , , 8
dona I Oeductiona ,el.,od 10 porffollo Income (10..) (.nech echodule) I f.-~" SI1.r.hold.,'. Inslrllct'OIl!
10/ Sehedllll K-' (Form I \JOS),
10 Olhor deducllons (anoch echedulel . 10
Inv..t.. III Inl&res, e)(pense on Investment debts, , , , 111 Form 4952. Une 1
menl b (1) Inv..tmonllncome Included on lines 4a, 4b, 4C snd 41abovo b/lI ,",5.. Shl"hold.r'!II\S!rucllonl
Intl,..1 (2) Inveslment oxpon.... Includod on IIno 9 abovo bl2\ lor Seh'dul. K~1 (Form 112051,
1:h1 Credn 10' sJcohol used as "'eI ". , 121 Form 6478, line 10
b Low-Incomo houelng crodlt i::I,!!!,,!
(1) From oeciJon 420)(5) pll'tnershlpslor p,opOf1y placed In aorvlco
belo,e 1990 , ,. , ",.'"". , , , , , . , . , b(11 --
(2) Olhor Ihsn on llno 12b(1) lor propOlly placed In aorvIco belo,.
1990 ," , , , ,"" . , , , , , , , , , , , b(2\
(3) F,om seciJon 420)(5) plrtnerahlps lor plOpOf1y plecod In se",l<'o8 Form 8586, line 5
Crldlta ah0l19811. . , " , , , , , b(3\
(4) Olher thin on llno 12b(3) 10' p,opOf1y ploced In aorvlCe 8110r
19811 " , , . . , , , , ., , ." , b(4\
. Qualified reh.bUllaUOn expenditures rErltURd '0 rental real &hlale
sclMIIes (aeelnOlruoiJona), , , , ., , 12e
d Credits (other Ihln credits ehown on lines 12b and 12c) ,eI.,od 10 ,onlll
,eal..llle oclMtJes (see Inal1UciJons) , ..!.2.!!.. S..5111r1hoI0,r',lnJlrllchon,
"" , -- lor 5th'dul. K-, (Form 1\2051,
I Crodlts ,elatod 10 olhor renlal ecUVIIIes (... In.11UciJons) 121
13 OlhOl credlls (..... Inatrucllon,) 13
--
-'dlull- 141 Oopleclllion Idluatmont on property placed In service sllOl 1986 . 14. See Shareholder',
mlnta b Adlu,'ed glln 0' Ioas '" . , , . , " , 14b Instructions lor
IndTu e Ooplellon (other th.n olllnd g..) . 14. Schedulo K-' (Form
Prollr- d (1) G,o..lncome 1'0," 011, gas, 0' gOOlhermol pIOpOl1I.. , dtll 1120S) and Inslructlons
ene. (2) Oeducllona allocsblo 10 011, gIS, 0' goolhormll p,opllrtlo, -cii21 lor Form 62~1
I1lml I Othet' adlustmonls and ll)( orelerenc8 itoms (sMlch schedule) , 141
01n Fnf f'.ptrworll R.Jlltllon Acl Nollct, ". IllIlr.
CIICtytlghl leI ,,,.Iorm ,olt",,". only CIISr'1,rlll, Int.
Form 11205 SClltdul.KA1I1Q\l41
SCHEDULE K-1
(Form 1120S)
Shareholuer's Share 01 Income, Credits, Deouctlons, etc.
OM[1 rln \'-)4r)..,'J\:\f)
OIPtllm,,,I{)! (Illl,usury
Inle,,,.1 fh....enljl <;e(....'~lI be Innln
~hoid.r'eldenllly.lng number ~ 460 - 2 1- 3 804
Stlaroholdor'o name, address, and ZIP code
DANIEL M JONES
214 BALTIMORE AVENUE
.. See separate Inslrucllon9.
For calendu yur 1994 or tax year
~994, and ending .J..?-
Co ~~~~~g number ~ 2 3 - 1 62 3 180
Corporation's narno, .1ddr099, Illl<l ZIP codo
SILVER SPRINGS THENI'RES INC
1994
MT HOLLY DPRINGS PA 17065
214 N BALTIMORE AVENUE
MT HOLLY SPRINGS, PA 17065-1203
A Shareholder's percent ago 01 slock ownership lor lax year (seo Inslrucllono lor SChod\Jlo K~1), ,.. . .. .4. ~~. ~ .1. <
B Inlornal Rovonue ServiCe Cenler where corporeUon IlIed lis rolllrn ~ RI:I.r. ~!\J?~~RI:I.I.J;..... _... . . ...... __ .. .... __ _ __.. .. ... ...
C Tax sholter reglstrallon num~:M Instructions lor SChOnK~1) . . . . . , .~
. . _ . . . . . . w . . . . . . . _ . . . . . . . . . . . . ~ .
D Chock enollceble 00,,,: (1 Final K-1 (2) Amendod K.'
(I) Pro rala sharD lIems (b) Amounl (0) Form 1040 liIors enler
the amount in column (b) on'
1 Ordinary income (loss) from trade or business acuvHles . 1 ~B2 SOO Shareholder's
2 Net Income (1058) from rental reaf eslate aellvlUes . , . 2 I ~'nstrucUons lor Schodllle
3 Net Income (los8) from othor rentalacllvilies 3 K-1 (Form 11205).
4 Port1ollo Income (losS): .'
I'"
I Inl.,est , 41 5ch e, Parl I, hne 1
Inoome b Dlvldonds , 4b Sch, B, Part II, line 5
(LOll) 0 RoyalU.. ' , 40 Sch, E, Part I, Iino .,
d Net short-I.rm capital gain (loss) 4d -- Sch. 0, line 5, col. (n or 191
I Net Iong-Ierm capllal gell1 (Ios.) 4e Sch, D, line 13, col. (n or IgI
I Olhet' port1ollo Income (loss) (anech schedule) 41 lEnltrOn.appl,lIn,ol)'l)yrlllU,n,l
5 Net gain (loss) under socllon 1231 (olMr Ihan due 10 clsually or s..Sh.a,.holdtr',ln.atIYCIIQrI,
theN) ,,' , " , , , , , , , .., . " , 5 !Of Sch,dul,l(~ \ (Form \ 1205).
I Olher Income (Ios,) (anech schedule) , , I lEnl"onal'pl.lln,olyc.YlllhJ/n.j
7 Charlllble con~lbullono (.... Inatrucllona) (anach sch.dule) 7 Sch. A. Une 15 or 16
o.duc'" I Secllon 119 e'pen.. deducUon, , , , , , " , I
U.n. 9 Deductions rellled 10 port1olio Income (1099) (anech schedole) 9 ~~n Sh.a"hold.,'slnBI'uctlon5
for Sch,dull K~ I (Form 1110S).
10 Other deductions (enach achedul.) 10
Inv..t- III Interest o)(pense on investmenl debts. III Form 4952. hne 1
m.nt b (1) Investmenllncome included on lines 41, 4b, 4c and 41 above b(l) Sn Sha"holdtr', IralluctlOrll
Int.r.st r:l\ Invoslmenl 8)(penBeS Included on line 9 abOve 1>(21 ro, Schldull K~ I(Fo,m "2051.
lU Credn lor alcohol used IS (uel . Form 6478, IIn. 10
b Low-Income hou9lng credit:
(I) From aecllon ~2U)(5) pertnerahlpslor property placed in servlc4l
belore 1990 , , , " . " , , , . , 1>(1\
(2) Other Ihan on line 12b(1) lor property placed In servlc4l oo(ore
1990 ....."".' . "". . " , 11>(2)
(3) From _lion ~2U)(5) pertnerlhlpe lor p,operty placed In servl<:e Form 8588, line 5
Credlla aN_ 1989 , ,... , . , . . . . , . , , 11>(3\
(4) Other Ihln on Mne 12b(3) lor property placed in service eMer
1989 ,., , , . .' . "" . " , ". . I b/41
0 Quallfled rehll>lll1atlon e'pendltur.. rllllled 10 ronlal real ",al.
actlv_ (seelnotrucllon9). , , . . , , 12e
d Credllll (othet' Ihan credlls shown on II""" 12b Ind 12c) relaled 10 renlal
real ..,I'. acUvlt188 (see Inetrur.lIons) . 12d Sn St..rlholdtr'.lnl\rYCIIO",
ro, SCh,dul1 1(;-1 (FOlm 11205).
e Cradllll relaled 10 Olhet' renlal ectivlUos (... ln9tructlon.) , , . , 12.
13 Olhet' credna (... Instructlona) " , ... , 13
"dlu.t- 141 Depreclallon adjuatment on property placed In Il8IVlce IN_ 1988 , 141 Sea Shareholder's
ment. b Adju.led gain or 1001 , ,., , " , , , , , 1411
- InlJtrucUonB lor
Ind Tax 0 Depiellon (Olhef than eN end gos) , , , 14. Schedul. K-11Form
Preler- d (I) Grn..lncome Irom 011, gla, or goolhermal prop8f1l.. . d(t) 11205) and Inslrucllons
Ino. (2) Deductione allocable 10 011, gIS, or geothermal propertl.. <1(2\ -- lor Form 6251
n.m. e Other adju9tments and la)( oroleronce items lannch schodule\ . 14e
D1U Fo, Plptrwn,1l R,duG1IOn Atl NoIlCII, III Inll'.
CO)l)'rlght(c) In. hllm Inl!",a" nllly Cf!llY"lml, 1M,
Form 11205 Br.lIll1ull K-l (111l''')
SILVER SPF ;S
Sr.tlOdull'JI<>l (FOf/l11120S)(lfJ941 DANILLI M
THEATRES
,JON ES
INC
23-1623180
46()-21-3&04 P'g02
(e) Form 1040 films ontor \110
arwHlnt In column (bl on
Form 11 \6, Chock bOl109
16.
b
.
For.lgn d
T....
.
lal
b
17
O\hor 18
Ie
20
21
22
I
b
23
Supple-
m.nul
Infor-
IlIlIIIon
(a) PIO rala 911aro Ilmrls
(bl Amount
Type 01 incon'M;l ... _ . . . . _ . . . . . . . . _ . . _ . . . . . . . . . _ . . . . . . . " .
Name 01 lOlelgn country or U,S, pOssosslon ..,. _. _............
Tolal gross Income from sourcos QUlOldo tho U.S. (attach schodulo)
Toll! Ippllcable deducllon. and losses (anoch schedule) . ,
TOIl! lorelgn "'.ee (check one): ~ 0 Paid 0 Accrued
Reduction In tMes available lor credlf (aMach schedule),
Othor forol n tax lnlormallon (attaoh 9chedule)
Tolal 8xpenditures 10 which a suction 59(0) aleetlorl may apply
Type 01 oxpenditures" .. ~ _ . . . . . . . . . . . . . . . . . . , _ ~ . . . . . . _ .
Tll)(-Qxompt Interest Income
Olher tax..exempt income .
Nondeductible oxpenae8 .
Property dietribullons (Including caeh) olher Ihon dividend
distrIbutions rtlported 10 you on Form 1099..DIV,
Amount 01 lOin repaymenl9 for "Loan!! From Shareholdet'9~ ,
Recapture ollow-IMome housing credit:
From _lion 420)(5) pll11nerahlps 22.
Olher than on line 228 22b
Supplemenlallnlonl'lalion required 10 be reponed soparalely 10 each shareholder (attach addllional schedules If more space Is
needed):
15e
16d
15.
16f
16
16.
Form 1116, Pan I
Form 1116, Part II
Form' 116, Part III
S~t IrI.llur.tlflnl 'Of F!IIIlI \ 11 ~
Stt S/lllt/lold,,'llrlIHUGIIOrll
fllr Schllldull K~ 1 (Fonn 1\2(5).
Form 1040, IIna eb
17
16
Ie
SIl,S/llftllold,,'III\SfruGl'Ofll
'or Sctl.dullll.-II'-:Olm \1205)
Form 8611, line 8
. . . . ~ .. . ~ . .. . . . . .. ~ . ~ .. .. . .. .. ~ .. . f . . . . . . . . . . . ~ . . ~ . .. . .. '. . . . . . .. . . ~ . . . .. .. ~ . .. . . . . .. . .. . . . . . . .. .. " . . . . . .. . . . . . ~ .. . . . . ~ . . - ..
............~........... ....~.. .......... .~~..... ~...~.. ........~......... ......... ............... ...... ~.......~
.....................'............................................................................................................
......................................................~................................................................~..~.....-
..................................................................._....................~.....................-....~.~..
. .. ~ . .... . ...... .. .. . . .. . .. .. . . .. . .. ...... . ... . . . . . . . ... . . .,.. . . .. . . ..... .. .. . . . . .. . . . .. . . . .. . . .. . . .. . . . .. .. . ~ . . .. . . . . . . . . . ~ . . . . . . - ~
... . . ..' . . . ..... .. . .. .. .. .. . . . .. . .. ... .. . . . .. . . . . . .... . . . . . .. . .... .. ... . .. . . . .... .. . . .. .. . .. .. . . . ~ . .. . . .. . . . . . . ~ .. . . . . . . . . .. ~ . . . .
.............................................................................4.....................................~..
...............................................................................................................................
...............................................................................................................................
... . .. .. ... ..... .... . ... . ... . . .. ..... . .. . . ... .. . . ... . .. . .. .. .. .. .. . . ... . . . .. . .. . .. .. .. .. . . . . . . .. . . . ~ . . . . . . . . . . . . .. . . .. .. . . . . . . . . . ~
.................................................,................................................................~.......~~.....
... . . . .. . .... ..... ... . ... . .... . . . . . .... . .. .. . .. ... .. . . .. .. . .... . ... .. . . . . .. .. . .. ... . ... .. .... .. . .. . .. . . .. . . .. . .. . . .. .. .. . . . .. ... . .. . . . . . .. ~ . . .
........................................................................................................................................
...............................................................................................................................'..........~.....
..................................................................................................................................~.........
~ . .. . .. . . . . . . . . . .. .. . .. . .. . . . . .. . .. . . .. . . . . .. .. .. . . . .. .. .. . . .. . ~ .. .. . .. . .. .. . . . . . " .. . . . . .. . . . . .. . .. . ~ . ~ . . . . . . . . .. . . . . . . . . . . . . .. .
. .. .. . ~ ... ... . .. .. . . .. .. . .. .. .. .. . . . ... .. . . .. ~ . . . . .. . . .. . . . . .. . . . .. .. .. . . . . . . . . . .. . . . . . .. . . . . .. . . ~ . . . ~ . . . . . . . . . . . - . . , . . . . - .
For PlPlfWOllt A.dwcholl Act NIlIIC'"" In"',
Capytl.hllel It,. fa,", 10"11I"" only CPSyettll'll, Inc.
FOfm 1'208 Sell'dull K-t (It'il\)
form 4562
Depreciation and Amortization
(Including Inlormallon on Listed Property)
"IMl ~/n "'"V,.' 1 1;-
Ihf1'''m~nl n~ lhltlrllHuft
In l"n~ I R '~'n.I' ~; II' vlCII <I <l
.. See separate In9\rucllon9.
.. Attach IhlM lorm to your roturn.
1994
6-'
NAm.(tl.l'lo....n on Ilh.un
SILVER SPRINGS THEATRES INC
BIJIII'''U a/jellyl!Y 10 wllleh IIH' 101m '''101..
Trade or business
[part JjElectlon To Expense Certain Tangible Property (Section 179) (Nota: II YOll have any "U,'ed Proporty," complOln
Part V before YOll complete Par1l)
1 M8JCimum dollar Iimuallon (II an onlorpriso zono bUSiness, 900 InSlrUC\lOflS.) 1 $17 500
:z Tolal cosl 01 soction 179 property phtcod in sorvlce during tho lax year (!loe mSlrucllons) 2
3 Threshold cosl 01 section 179 proporty befora reducUon In limitation 3 $ 2 00 I 000
. Reduction in lin'lltatlon. Subtract hne 3 Irom Une ;2, If zara or loss, enler ~o- 4
5 Dollar limitation lor lax year, Subtract Une 41rom line 1.11 zero or loss, en tor ~O-, (II marriod filing
separately, see instructlon8.) 5 17 , 500
lIJ O..l;f1pllon 01 prnp.ny b Cn'I 0) Elected Call
6
7 Usted property, E.nter amountlrom line 26 ,
8 Tolal elected cost 01 secUon 179 proporty. Add smoun1s In column (c), lines 6 and 7 .
9 TentaUve deducUon, Enter the smaller olllnA 5 or Une a
10 Carryover 01 disallowed deducllon Irom 1993 (see Instructions)
11 Tl1l<able income UmHaUon, Enter the smaller 01 taxable Income (nolless than lorO) I)r line 5 (see inslruCUons)
12 section 179 ~lIcpenge deduction. Add lines 9 and 10, but do not enler more than Ilno 11
13 Carryover 01 disallowed deduction to 1995. Acid lines 9 and 10, loss line 12 . ,.. 13
Note: Do not use Part II or Part HI below lor listed property (aulomobilos, certam other vehicles, cellular telephones, cortain computers, or property
used for entertalnmont, recreation, or amusement, Instoad, use Part V for lisled proper!y.
Plrt II': MACRS Depreciation For Assets Placed In Servlcll ONLY During Your 1994 Tax Year (Do Not Include
Usted Prope
7
s
9
10
11
12
o
(..) Cl.lludiealion of plop,'!y
(b) Monltl and (c) aUI, lor dlpraClallon
y..,pIaCld (bUllnIU/In\'ulmenlulI
~,\, .
Section A .. Gen.r.~claUon 5
(OM'IhOd
(g) O'pflClahol1 deducllull
14.. J.. ear fO
b ~ - ye.r propeny
c 7 - year prop
d 10 - ye. propeny
t 15.. year pro
I 20 - ye.r pro
g AeoIdentlol renlll
propeny
h Nonreoldentlol reol
__"p'ropeny
1 S. CI... life
b 12-ye.
o 40..year
FPiirt'lII~ Other Depreciation (Do Not Include Usted Property)
27,5 rs. MM
27,~ re, MM
MM
MM
SecUon B . '''It.m.U.. recllUon S .t.m ADS see Instructions
1111,lli 12 rs.
40 rs, MM
S/L
S/L
S/L
SIL
SIL
S/L
S/L
t-
- -
GDS and "'DS deduc\klnslor .....18 placed In lMINlce in IIX ye.s beginning belere 199. (seelnstrucllons), .
Propeny ""bjec110 secllon 166ln(l} elecllon (see In'lrucllonsl
ACAS Rnd olher depreci.llon (.... Instructions)
I: PI!:!iM1 Summary
16
17
16
16
17
'8
45
,. Ut1.d property, En'.. amount ~om line 25. , . . , , . . ,
20 Totol. Add deductions on Woo 12, lines 14 and 1~ In column Ig), and llne\lIS Ihrough 19, En'.. hers and on 1M
oppropr,.,ellneo of your relurn, (Port"""'hlpa and S corporallons - seelnstruc\klns) , ,
21 For MtMIt8 shown tbov. Ind placed In 88IVtce during the curranl year, entM the portion
of the basIs .nrlbulable to 8&CTIDn 26JA costs (900 Instrucllon9 :11
18
20
45
For rapIFwolk R,ducllon Act Nolln,..1 .nlll.
COp'(IllIlIl Icl ,,,.In,," lotl.arl only CPSy.lllu, lh~.
FOlm 4!in lUg..)
For calendar oar 1995, or tax ear ba
A J~lo ')1 !1lcctiO'\ H ~n Us.
S corpor;\tlon IRS
label.
other-
wise.
please
print or
type,
(I)
",,"; " , ,
f"orm
1120S
DIlPdfl'\\Il/11 01 rho T 'o;\'~'lr'l
'1lIlHnAI!\oYllnuoSor-/,co
innln
U. . Income Tax Return lor an S Co'poratlon
.. 00 not file thl5 form union tho corpor;l1lol\ has tlmelv flIod
Form 2553 to elect 10 be an S corporation,
.. Soo separate Instructions,
, am! onclln~,
l')Mll'U}"J4'l"11'lCl
-----_._---~--_._-_..
1995
B
nlJ~in(!~~ COde no. IHII!
SrHlcil'c In.,IIW:li0I'1.\1
3/27/72,_
NMM rhm'rlllr, WClll. Hh1 ',}omor will] rlL} (lr ,l P (I hni, <;l]tlIHQO '101 the in,lrl C Emplover Identlfl~lon no,
S I L VEl< S?I.'J.tlQ~_-'IUF:l\.T~l;'i. IJ1~:.________ __rr::.16 2 3 L 8IL.._.__.._
7830
....-......--
21'L!:L" 8~~!!..IMQ8E AVENUE:
CllyOt (0\'0\, .1!alll, and [IPeo>::!}
Check applicable bOKes:
MT HOLLY SPRINGS
iniUsl return (2) 0 Final return
lOA 17065-1203
~addr.ss
o
Dale incOrrlO,alod
~Q_~Li2._____
P. TOldl ~g!OI!{Hle SpoclFic In51r.1
$ 67 257
D. .'-'-..-.--...-...
(4) Amended return
F
G Cr.eclC, this b01. if Ihi3 S co'noriltion 1$ Hibloc!10 the consolidaled audit prOCllill;rl!S of _\cclions 8241 throUi~n 62451uB insiluclio!'l! bo'orl! cMci<lru~ tIllS bo~1
H E.nter number of sllarehold~~_!~the 9.2!PoratJon al end of the -lax )lear _..
Caution: Inell/de onlV lrade .or busln6.~~~comB and expenses on lines 1a through 21, See the instrucUons for more Informallon.
Income
Deductions
(seepaQIlIO
of the
inst/uCllons
1m
Ilmilalions)
Tax and
Payments
Please
Sign
Here
Paid
Preparer's
Use Only
Uncler PtlMllIf/! of pIHI\lry, I (loCl,,/lllha;l.I hlVll.XlmJned Ihls felurn, inclUding accomplnylnQ schedules and S!llemenU, and 10 lhe bttU 01 my ~now!llIdoe
~'''''''', ,," ""~.=:~=m"""=:: P"P"':=L~=~:~.~no' .hlen pr.p"" ""ooy'no.I",..
Slna\u(llofoffle8r ~i DIle nIle
""po",', .. ((), A..L -7JP'. I 0". - c""';,, ..".
~~IYr. ~._P-'4.~~-<<-k~ _ ,,9 / 1~ ~mplo1!~_
rlfm~l'1aNl8ior Ke :[lli"~_AS80(, lates L_C;PA ~._..______~__.
inur~ilUllt-OmPI('JYlldl~ 17 E~st Hiqh Street, Suite 103
~Maddr8!' Carl1.s1e...L-..?A
1a GIOH receipls/"alos L-- 129 1.19 71b Lo!" relurn" &. allowanceS L ~ c Bal ..
2 Cosl or goodS sold (Schedule A, line 8)
3 Gross profit. Subtract lint;! 2 from line 10
4 Nat gain (loss) Imm Form 4797, Part II, line 20 (altech Form 4797)
5 Othar Income (loss) (attach schedula)
6 Tot.llncom. loss, COmbine lines 3 Ihrough 5 >
7 Compensation at off\oers
8 Salaries and wages (less employment credtts)
9 Repairs and maintenance
10 Bad dabts
11 Renls
12 Taxes and licenses
13 Intarest
14a DepreclaUon IIr raqulred. attach Form 4562) 14a
b Depreciation clallT\ed on Schedule A snd elsewhere on return 14b
e SlIbtTftct IIn. 14b tmm line 14a
15 DepleUon (Do not deduct 011 and gos deplotlon,)
16 Advertising
17 Pension, proflt-shar1ng. ate.. plans
16 Employee b.nenl programs
19 Othar deducUons (attach schedul.) See seh
20 Tola' deduellons. Add the amounts shown In the rar right column lor lines 7 through 19 >
21 Ordinary Income (loss) tmm trade 0" business actlvlUes, Subtract IIn. 20 tmm line 6
22 Tax: a Excess net pa.sslve Income tax (attach soh,) 22a
b Tax tmm Sctledula 0 (Form 1120S) 22b
C Add In. 221" 22b 15eo PO. 13 01 lhe inalr, ro/ addnl,laxes)
~-
23 Payments: a 1995 est. tax pymt. & am<lUllt epplled tmm 1994 return
b Tax deposited with Form 7004
c Credit ror Fedar.1 tax paid Oil fuels (etlach Form 4136)
d Add IInas 23a thrllllgh 23c
24 EsUmated tax penally, Check II Form 2220 Is attached
25 Tax dUe. If the lolal of lines 22c and 241s larger than 1100 23d, antar amount owed, Sae page
3 of the Instructlorl$ for depositary method of payment
OV.rpaym.nt, If line 23d Is larger than the total of lines 22c and 24, enter amount overpaid
Enter amount 01 line 26 'lOll want: CrecHt!.d to 19\)6 .stlmated tax '"
23d
> 0 24
> 25
> 26
Refunded> 27
26
27
For Paperwork Reduction Act Notice. II.. page 1 01 sepa,", Instructions,
o'^
.
>
[
4
1c
2
3
4
5
6
7
8
9
10
11
12
13
129 197
101 543
22,2..54
27 ,654
12 , 1?_~
3 US
2 962
14<:
1S
16
17
16
19
20
21
6,909
13 507
38 622
-10 968
22'2.
P,eplllf'j SOCIII security numtHH
207.48..4416
"N . ?2'::"~_i?l. 2 0 4 .:l.
'tIP CCJ110 ,.
17013
~q(m 11205 (T\lQ5)
~orm1120~.~(19{)fl) :~:'LVEF ::;pf.'.rNl;r, .HE^TRES r:NC
;::3 - 1" I. 11 8 0
Schedule A
Cost 01 Goods Sold (saa paga 14 ot Ihe In'\/\IclloosJ
1 Invel1tory at beginning of year
2 Purct1ilsCS
3 Cost of labor
4 Additlor'al section 263A cosls (attach schOC'Jule)
5 Olhar cosls (aMach schedule) See Sch
6 Total. Add lines Ilhrough 5
7 Inventory at ond at year
8 Cost of goods sold. Subtract Une 7 from line 6. Enter ~Iere and on page 1, line 2
9a Check: all methods used for valuing closing Inventory:
Ii) IB Cost as descrlbed in Regulations secllon 1.471-3
(il) r Lower 01' cost or market as described In Regulations soctlon 1.471..4
(ili) _ Other (specIfy method used and attach explanation) .
b Check If there was a wr1tedown at 4sllbnormal' goods as desor1bed In AeguiaUons section 1.471..2(0)
c Check it the LIFO Inventory method was adopted this 18)( year for any goods (If checked, attach Form 970)
d It the LIFO Inventory method was used tor this tax year, enter porcentage (or amounts) of closing
inventory computed under LIFO
. Do Ih. rules ot s.Cllon 263A (tor property produced or acquired tm resale) apply 10 Ih. corporation?
Was there any change In determining quantltles, oost, or valuatIons between opening and closing Inventory?
If 'Yes,~ attach (Ixplanatlon,
Schedul. B
Other Information
1
2
3
4
PaQo 2
79 2/.6
_.._-----~-----.
8L50g
6
7
8
13 B 1'1
101 ~43
101 ,543
" 0
· L
~.. y;;;-~-
. . .. . .. ~ Ves ~ No
1 Check method ot accounllng: (0) ~ Cash (b) 0 Accrual (c) 0 Other (specify) "
2 Rel.r 10 Ihe IIsl on page 24 ot the Ins\/\lctlons and st.te the corporation's pnnclpal:
(a) Business activity" ENTERTAINMENT (b) ProduclorsolVlce . OUTDOOR. THE;ATRE
3 Did Ihe corporation at the end of the tax year own, directly or Indlrectiy, 50% or more of the voting stook of a domestio
corporation? (For rules of a<<rlbution, see section 267(0),) If 'Ye.,' at1ach a schedule showing: (a) name, addr..., end
employer Id.ntlncatlon number and (b) pen:entage owned
4 Was the corporation a member ot a controlled groop sObJect to the provisions ot section 1561?
5 At any time dur1ng calendar year 1095, dId the corporation have an Interest In or a ~lgnature Of' other authority over a
flnanclal account In a foreign country (such as a bank account, securities account, or other nnanelal account)? (See
page 14 of the Instrucllon. tor .xcepllons end nllng requirements tor Form TO F 90-22,1,)
It 'Yes,' enter the name ot the foreign country .
6 Was the corporation the granlor ot, or tran.feror to, a foreign \/\1st that existed durlng the current lax year, whether or
not !hB cctporatlon had any benenclallnterest In It? If "Yes,' the corporation may have 10 nle Forms 3520, 3520-A, or
926
7 Ch.ck Ihls box ~ tho corporation has nled 0( Is required to nle Form 8284, Application tor Registration of B TIlX
Sheller
8 Check Ihls box ~ the corporation Issued publicly off.red debt Ins\/\lments wllh onglnall..ue discount
It so, Ihe corpol.tlon may have 10 nle Form 8211.lntormation Retum tor Publicly Offered Onglnallssue Discount
Instruments.
9 It Ih. corporation: (a) nled Its .'ectlon to be an S corporation after 1966, (b) was a C corporation betorelt .Iected to
ba an S corporatJon or the corporation acquired an asset with a basis determined by reference to Its basis (or the
basis ot any other property) !n tho hand. of a C corporation, and (c) has nat unr.allzed bul~-!n gain (deftned In aectlon
13'/4(d)(1)) In .xeess of the net recognized bul~-In gain tTOm prlor years, enler Ihe l1et unrealized built-In geln reduced
by nel recognized bum-In gul" tTOm prlor yea" (see page 14 ot tho In.\/\Ictlons) " .
10 Check Ihls box If the corporation h.d subchapter C eamlngs and protIU at Ihe clo.e of Ihe lax year (.ee
page 15 ot thaln.\/\Icllon.)
DeSignation of Tax Matters Person (se. page 15 01 theln"ructlons)
Enl.r b.,ow the shareholder deslgnaled as the lax ma<<ers person (TMP) tor the II)( year of Ihls ret\Jm:
Name of '"
daslgn~ed TMP _L_ HEf.EN JONES ..
Identifying
number 01 TMP
Address of ~
desIgnated TMP ,.
214 BALTIMORE AVENUE
MT HOLLY SPRINGS. PA 17065
OM
~
Ve.
No
x
X
x
X
: B
"
204-26-9981
';, '1',',
Forlll 11205 ( lL)95)
Schedule K
,;aNER Sl'RING.'; H"^TEES INC 2:\-1.",,\180
Shareholders' Shares 01 Income', Credits, Deductlons,jItc,
PaQ6 ~
_..--_._~_. ..~-'--"-"._--'- .._..... n_ .,_____....__,~...____~_. _~__._ ----.--. -.-.---.------. ----.....--.-.---.-..--- .. iblT ol~i;-';'~~~;- n_
- (a) Pro rata share items
1 Ordinary Income (Io&sl h'cm trade or bu.slno.s.s aellvllles (p8ge \,lIn(21) 1 -10 %8
~- ----.---'---...
2 Nelrnwme (loss) from rental real eslale ilcUvt1Jos (attach Form 0025) ._L
.___n_____
I 3a Gross income from other rental acUvllles t-fr=
b Expensos from other ronlal activities (aUsch schodule)
Income c Net income (loss) from othor rental activitIes. Sublract Une 3b from line 3a 3c
.-----..--
4 PortfoliO Income (loss):
(loo.s) a Interesl income 4a
-----
b Dlvlclend income 4b
--------.
c Royalty Income 40
n._____
d Net short-Ierm capital gain (Io.s) (all.ch Schedule D (Form 1120S)) 4d
. Net long-Ierm capital gain (loss) (allach Schedule D (Form 1120S)) ... ..
I Other portfolio income (loss) (at1ach schedule) 41 ~..-
5 Net gain (loss) under secllon 1231 (olhcr Ihan duelo casually or theM) (ellach Form 4797) 5
6 Other income ~loss) (attaCh schedule) 6
--
7 Charilable contributIons (attach schedule) 7
.
8 Secllon 179 expense deduollon (allach Form 4582) 8
Deduction 9 DeducUons related 10 portfolio Income (loss) (Hemlze)
9
10 Olher deducllons (allaoh sohedule) 10
Invttst- lla Interest expense on Investment debts -.1.1.
ment b (1) Investment Income Included on lines 48, 4b, 4c, and 41 abovB !.llijL
Interest /2\ Investment exoenses lr,chlded on IIno 9 above 11bl21
-
123 Credll tor alcohol used as a fuel (allech Form 647e) 123
b Low-Income !lousing credit:
(1) From partnerships to which secllon 42U)(5) applies tor property pleoed In service betore 1990 12bl1l .
(2) O1hcr Ihan on line 12b(1) tor property placed In service batore 1990 12bl21
(3) From partnerships to which secUon 42U)(5) applies tor property placed In service aMer 1009 121>13\
Cr.dM. (4) O1her Ihan on line 12b(3) tor prop.rty placed In service .ner 1009 12bl41
c Quallned rehabllllaUon .xpendhures relaled 10 r.ntal real estate acllvllle. (attach Form
3486) 120
d Credits (other than or.alls shown on In, 1211 & 120) refaled to rental real estate activltIe.s , 12d
. Credits related to other rental actIvities 12e
13 O1her credits 13
140 Depreciation adjustment on property placed In service aner 1986 1...
AdJuot- b Adjusted 9aln or loss 141>
menta -
c Deplellon (other than 011 and gas) 140
and'TlIX d 14d11l
(I) Gross Income from 011, gas, or geothennal proparUes
Preference 14d(2)
ttem. (2) Deduction. allocable to oil, gas, or geotl1ermal properUe. --
. O1h.r adjustments and tax preference 11em. (attach schedula) 1...
15a Type of Income ..
b Name 01 torelgn couniTy or U,S, possess kin 0
c Total gross Income from .ource. outsld. the United Slale. (attach schedule) 15c
Foreign d Total applicable deducllon. and klsse. (attach schedul.) 15d
Tax.. 1'olel tor.'gn tax.. (check one): 0 0 Paid 0 Accrued 15a
.
, Reducllon In taxe. available tor cradH (attach schedule) 151
g O1h.r torelan tax Intormatlon (attach schedule) 150
16 Secilon 59(e)(2) expenditure.: a Type 0
b Arnount 1ab --
17 Tax-exempt Interest Income 17
18 Other tax-exempt Income 18
18 Nondeductible expenses 11 --
OIh.r 20 Total property dlsttlbullon. (Including cash) other than dividends reported on line 22 below 20
21 OHler Items And amount.l required to be ropor1od separa1ely to shareholdtlrs (attach
schedule)
22 Total dividend dIstributIons paid from accumulaled earnings and proftts 22 -
23 Income (10"). (Required only II Schedul. M-1 musl be completed.) C'.ombln.llnes 1
Ihmugh e In col'Jmn (b), From tho roslll', subtract Ihe sum 01 IIn.. 7 through 11a, 15e, and
I 18b 23 .10,9G8
-
OAA
.1,' , I",
Shareholuer's Share 01 Income, Credits, Deductions, etc.
. See separate Instructions.
For calendar year 1995 or tax year
t'1e(l4rlmelllor1he l'fl41lWI
1"lllIr>III'IUVll'\'lll ';nr,i1ctJ beginning _ ' and ending
~!,!!.~hold!r'lldenllfylny number~__._18.!l - 14 .. 2 8J.1._____ _.90rp.~Lllllon'~ Identifying number' 23 - 162318 Q___..
Shareholder's name, address, and ZIP code Corporation's name, address, and ZIP ccxle
SCHEDULE K-1
(Form 11205)
-~::~.~!~."':'~'.~~,~-_. .
1995
RICHARD J JONES
214 BALTIMORE AVE.
~OLLY SPRINGS
PA 1706'2--___
SILVER SPRINGS THEATRES INC
214 N. BALTIMORE AVENUE
MT HOLLY SI?RINGS_ PA 170_~5-12_Q1.._
A Sh8reholde"~ percenlage of stock ownership tor tax year (see InstNclJons for SchedLlle K"1)
B Intornal Rovenue Stlrvlce Center where corporation nled Its return .. ph i 1 ade 1 ph i a I
C Tax sheller reglstratJon number (see InstructIons tor Schedule K..1)
, 45.189000'.
PA 19255
,
0 Check 21ppllcable boxes: (1) [lFinal K-1 (2) n Amended K-1
(a) Pro rala share Ilems (b) Amount (c) Form 1040 flle" enter
the amount In colu~.n (b) o~.
1 Ordinary Income (loss) from trade or buslnes.s acUvltles 1 -4 956 Seeplges41nd5ollhe
2 Net Income (loss) from rental real estate aetlvttle,s 2 Shlreho!dOf~ Inslruc.tions tor
3 Net Income (loss) from other rentlllactlvltles 3 Schedule 1<.1 (Form 11105).
Income 4 Portfolio Income (loss):
(Loss) a Interest 40 Sch, B! p&rt II line 1
b Dividends 4b Sch. S, Part II, line 5
c Royalties 40 Sch. e, Part I, line 4
d Net short-tenn capital gain (loss) 4d Sch. 0, line 6, col. (n or Ig)
e Net long-term cep~al gain (loss) . 40 Sch. 0, line 13, col. In or (g)
, Other portfolio Income (loss) (attach schedule) 41 (Enteron lppl. In. ofVOUI return.)
5 Net gain (loss) under saction 1~31 (olher than dua to casualty or See Shareholder's lMtructlO!lS
theft) 5 lor Schedule 1(., (Form 1120Sj.
B Other Income (loss) (attach schedule) B (Emer on apl"ll. In. of vour relurn,)
7 Charltabla conl11buUons (ettach schedule) 7 Sch. A, line 16 or 16
B Saction 179 expense deducUon 8 -- See pagoBol the Shareholds"s
Deductions
9 Deducllons releled to portfolio Income (loss) 9 InslruCllons 'or SChedule K.1
10 Other deducllons (anech achedule) 10 (Fcrm \12051.
Invest",,"t 11. Interest expense on InvDstment debts 11. Form 4962, line 1
Interest b (1) Investment Incoma Included on lines 4a. 4b, 40, and 41 abcve bill .r See ShlrehOlder'~ lnstruclloM
(2) Inveslmant expenses Included on line 9 above bl21 'or Schedule 1<.1 (Form 11205),
12a Credit tar alcohol used as fuel 12a Form 6478, IIna 10
b Low-Income housing eredtt:
(1) From sacUon 420)(6) partnerships tor proparty placed In
service before 1990 bill --
(2) Other than on IIna 12b(l) tor property placed In se",'ce betare
1990 bl21
(3) From sacUon 420)(6) partnerships tar proparty placad In Form 8688, line 6
Cred"s I servIce after 1909 J!.@l
(4) Other than on 11M 12b(3) tar property pieced In se",'ce aner
1989 b/4\
c Qusllflod reh.bllltaUon expend~u... raleted to rental real astate
activities 12c
d Credits (other then credits shown on line' 12b end 12c) related Seo page 7 or Ihe Sharehoh:ler's
to rental real estete acUvlUes 12d Instructions 'or SCh'dule 1(. \
I Credits relaled to other rentel acUvllles 121 (Form 11205),
13 Other credtta 13
Adlulll- 140 DepraclsUon adJuslment on property placed In se",'ce aner 1986 140 St. pag' 701,,,.
menta b AdJu'led gain or la's 14b Shlr,nOld.r's
InIHuc:I!Of'1& lor
Ind Tax c Depletion (olher than 011 and gas) 140 .qc."edul,K.\ (~olm
Pr..er- a (1) Groas Income from oil! gas! or geothermal propertJes dl1l 11205) lnd
.nc. (2) Deductions ellocable to 011, ge., or goolhermal properties d/21 lnatructlons lor
ttern. e Other adjustments and tax pre'erence Items 140 Form&251
Schadule K-l (Form 11205) 1995
For P.p.rwork R.ductlon Act Notlco. III page 1 ollnstructJonllor Form 11209.
0"
'".1"'.';', I"'! ,
5 CHEDULE .K.1 ~h"'hO'""" Sh." o"",om., C"OIl" o.o,"'on" ..,. I "",".,,, ""
(Form 11205) . See ,eflatllle InstruL110ns.
for CQlfln{lar YOM 1995 or lax yaM 1995
nl!p4llmlll1l;d Ihfl ('IlA,l<i'1
;"!~r"dl ~le"'6n"lI ~,lJI'W,lI beginning _ ' Ilnd nndlng
~har.hold.r's Ide.nIl!YJIIJl nu!"beL~__1.Q~_.::.X_U_2_~J._______ c.~rp'~_~~IE."'S Id.n.!f!Y!!1.i-nU~!~.!!..!__~l..:.: 16 21..1J!..Q.___....._
Shareholder's r,llme, address, and ZIP code Corporation's name, address, and ZIP code
HEL.EN ,JONES
214 BALTIMORE AVENUE
_!1T_J{OI,LY SPRINGS
P A __...llQ.6 ~__
SILVER SPRINGS THEATRES INC
214 N, BALTIMORE AVENUE
M'I' HOLLY SPJUNGS PA-11.Q.I3.2..-12.Q.L
A Shareholder's percentage at stock ownership for tax year (see InSIf\lctlons for Schedulo K-1)
B Internal Revenue SelVlce CenterwherG corpcratlon nled Its return .. phi ladelphia I
C Tax sheller rogistraUon number (see InstrucUons for Schedule K-1)
~heck applicable boxes: (1) 0 Final K-1 (2) 0 Amended K-t
(a) Pro ra
. 45.189000Y,
PA 19255
.
Credn.
..
ta sharellems (b) AmotJf\t . (0) Form 1040 nlors enter
the amount In colum_IJl~~
n trade or business activities 1 -4,956 See P49fU 4 and 5 0' lho
tal real estate actlvltles 2 Shareholder'slnslruclioM 'or
er rental actIvities 3 Schedl,lle I(-j (Form 11205).
.
4a Sch. 8, Part I, line 1
4b Sch. 8, Part II, line 5
40 Sch. E, Part I, line 4
(loss) 4d Soh. D, line 5, col. (n or (g)
(loss) 4. Sch. 0, IIna 13, col. (n or (g)
s) (attach schedule) . 4f (EnteronllPpl.ln.otyour rIllurn.)
n 1231 (other then duelq casually or See Shareholder's Irlstructlons
5 tor Sohodule 1<.1 (Forrr.1120S).
schedule) . . . 6 (Enter on IIppl,ln, 01 your rOlurn.J
ch schodule) 7 -- Sch. A, line 15 or 16
cUon 6 Soe page 6 0' the Shareholder's
110 Income (loss) 9 Instructions lor 5chtdulo K-l
hodule) 10 (Form t 1205).
.--
ment debt.fj. l1e Form 4952, line 1
ludod on line. 4a, 4b, 40, and 41 above b/1l J See Shareholder's IMlrucllons
Includod on IIna g above b/21 tor ScneduleK-l (Form 11205).
ruel ~ .- Form 6476, line 10
~: "';
rtnershlps for property placed In
b(1)
(1) lor property pieced In service before
b(2)
rtnershlPJ for property placed In Form 6586, line 5
b(31
(3) for p'operty placed In service aner
b(41
endltures related to rental real estate
120
shown on lines t2b end 12c) related Se. pag. 7 01 tht Shareholder'!
S 12d Instrvctlons tor Sthfldule 1(-1
-
tal ac~vl1les 12. Worm 112051.
.. 1~
n property placed In servlca aner 1988 1... SIO pig. 70tlh.
14b ShlleMlder's
140 In$tructlons 'or
d gas) SChedul. 1(.1 (Form
gas, or geothermal prope'lles d/1l 1\20S)and
011, gas, or geothermal propertie.'S d(2) In.tructions lor
Rrefflrence Items _ 140 Formtt25\
.-
Schedule K-1 (ForM '1206) 1995
'---~ordlnary Incorne (loss) fror
I ~ Nellncome (loss) from ran
3 Net Income (loss) from oth
Income 4 Portlollo Income (loss):
(Loss) a Interest
b Dividends
c Rcyaltles
d Net short-term capital gain
. Net long-term capital gain
t Other portfoliO Income (Ios
5 Net gain (loss) under sectlo
theft)
Other Income loss attach
Charitable contrlbu~ons (atta
Section 179 expense dedu
Deductions related to portfo
Otherdeductlons (atta~~
Interest expense on Invest
(1) Inve!otment Income Inc
{2} InvestmeD~xpElnses
120 Credit for alcohol used us
b Low-lncom8 housing creel
(1) From section 42U)(5) PJ
service before 1990
(2) Other than on line t2b
1990
(3) From section 42U)(5) PJ
sBlVlce after 1989
(4) Other than on line 12b
1989
c Quallfted rehabilitation exp
activities
d Credits (other then credits
to rental real estate actlvltle
o Cr&dlts related to other ren
13 Other credits
AdJurt- 140 Depreciation adjustmant 0
menta b Adjusted gain or loss
and Tax c Depletion (other than aU an
PI.fer- d (1) Gross Income from 011,
enc. (2) Deductions ellce.bla to
ttems . Other adJustrnents and tax
For Poperwork Roductlon Act NotlC4l,". PIllJ. 1 of Inltrucllona for Form 11209.
e
7
8
Deductions
9
__ 10
Investment 11a
Imerert b
DAA
".1"1',,',, ;',1", 1'1
ShareholtH:lr's Share 01 Income, Credits, Deductions, etc.
.. !MI. se~rate InslrucUonl.
For calendlU year 1995 or lax YOM
OepUlmnn!ollhu tfeU\J1'f
~~~Qrv'r.f} be(llnnlng , and ondlng
.Sharehold.r'sld'!!'.!!1Y.!!'~mber '_ 1 7 ~.. 30 - 521 8._.________ _"p.!!rporllllo.~-'-'-'dentlfyl!!i..!'..'!!],!>!!...!......__~3 -16 2 3l~___._
Shareholder's name, address, and ZIP Codfl CorporaUon's name, address, arId lIP code
PENELOPE DEMELLO E SOUSA
RUA PERI 126
JARDIM BOTANF:O
__Bl...... _..._
SCHEDULE K-l
(Form 11208)
OMlI "10 11'~'l"0110
..~---,-_._.'.._._~._--,-
1995
_...J21';... 2246Q_._
SILVER SPRINGS THEATRES INC
214 N. BALTIMORE AVENUE
MT.J:I..9.LL;Y SPRI!,:!.GS _~ 17065-120],._
A Shareholder's percentage 01 slock ownership for tax year (see Instructions tor Schedule K...1)
Il Int.rnal Revenue S.rvlce Centor where corporation fll.d Its r.tum . phi lade lphia.
C Tax shelter reglstralton number (see Instructions tor Schedule K..1)
. 4,811000'1,
PA 19255
.
0 Check applicable boxes: (1)-D Final K-1 /2\ 1'1 Amended K-I
(a) Pro rala shar. Items (b) Amount (c) Form 1040 fllm enler
----~- the amount In column lEl2!l~
1 Ordinary Income (loss) trom trade or business activities 1 -528 Soe P~Qes 4 ana Sol the
---"-"-"
2 Net Income (loss) from rental real 9state acMes ~..L Sh.rOhOlder'~ Instructions lar
3 Net Income (loss) from other rental acUvlUes 3 Schedule K~ 1 (Form \ 1 20S).
Income 4 Portfolio Income (loss): .
(loss) a Interest "" Scr.. 8, Part I, line t
b Dividends 4b .- Soh. 8, Part II, IIna 5
c Royalties 40 Sch. E, Part I, line 4
d Net short-term capital gain (loss) 4d Sch. 0, line 5, co!. (n cr (g)
e N.llong-tarm capital geln (loss) 4e Sch. 0, line 13, col. (n or (g)
I Other portfolio income (loss) (el1ach schedule) ~. (Enter on I.ppl. In, of your return.}
5 Net gain (10") under SllOtiOn 1231 (other than due to casually or See Shar.hOlde,'s InSlructlons
lhen) ~. 'or SOhedule K.l (Form 11203).
S Other Income (loss) (attach scheduleL . S (Enleron .ppl.ln,olvourrelurn.J
7 Chantabla contributions (al1ach schedule) 7 Sch. A, line 15 or 16
8 S.ctlon 179 expense deduction I-f!.... -- } s.. ".., o""OS"..,,"OI'.",
Deductions
9 Deductions related to portfolio Income (loss) V InSlruct!ons 10f Sohedule 1(-'
10 Othar deductions (attach schedule) 10 (Form 11205).
.
Inves1rnent l1a Interest expense on Investment debts 11a Form 4952, line 1
Imerest b (1) Investment Income Inc!uded on lines 4a, 4b, 4c, and 4( above bl1l J SU Sturehotder', In~truct!ona
/2\ Inv.stment exnans.. Included on line 9 above b/2\ for Sohedule K' \ (Form "205).
. -
121 Credll for alcohol used as "'al 121 -- Form 6478, line 10
b Low-Income housIng credit:
(1) From section 420)(5) partnerships for property placed In b11\
service berore 1990
(2) O1her then on line 12b(1) for proparty placed 111 service before
1990 ~.!!ID
(3) From section 420)(5) partnerships for property pieced In Fo,m 8588, line S
Cred"s service aner 191\9 b/3\ -'
(4) Other than on line 12b(3) for property placed In service aner b14\
'989
c Quallned rehabllllation expendltur.. releted to rental real .state
actlvltles. 12c
d Credits (othar than credll' shown on IIn.. 12b and 12c) related See page 7 or Ii'll SnlleholdlU"
10 rontal real estate activities 12<1 111'lruollon. lor SOhlC!ulll K. \
e (;redlts related to other rantal activities j-!.~ (Form 1 12081.
13 Q1her credits 13
Adjust- 1"" D.preclation adJustmenl on property placed In service an.r t98ll 1"" S.. pIg. 7 of tl'le
menls b Adjusted gain or loss 14b Sh"'hOld.r'~
Instluctlons lot
and Tax c Depletion (other tha" 011 Ind gas) 140 .- SChedulel(., (Form
Pref.r.. d (1) Gross Income lram 011, gas, or goothermal pmperties dl11 ..- 1120!;I..nd
.ncI (2) Deductions allocable to 011, g.., or gllOthermal properties d/21 Inllrur.lrQMfo/
tt.ml . Other lIidlustmentll and tA.,( orflferenco llems 140 FOfmll7.!ll
Schedull K-1 (Form 11209) 1V95
For Paparwark Roductlon Act N<;llcI, a.. pogo I ollnllructlonl lor Form 11205.
[lAA.
.0.,.', i
Shareholl,clr's Share 01 Income, Credits, Deductions, etc.
... Se. s.par'" Instrut.1Ions.
Fa calendar year 1995 or tax year
nflp~IIIT'flI110r 1'11' frfl4,\l,ly
,"llllr41 fl....erHJtI SelVlce b lnnln , and endln
Sh.,eholde''!jdentlfylng number' __..'Li?..C?..::lL.::}JlQ.4__._ CorP."Lllllon's .lden1lfy1ng !!.umber > __~~ 6 2 3 l!!tL.-.__~
Shareholder's name, address, and ZIP cocle Corporation's name, address, and ZIP code
SCHEDULE K-1
(Form 11205)
,. 'I fI 'In 1 ~4" -I) '10
~...__.. --~---_.~-._.-._-.
1995
DANIEL M JONES
5046 ERBS BRIDGE RD
MECHANIC'iBURG
PA 17055
SILVER SPRINGS THEATRES INC
214 N, BALTIMORE AVENUE
MT HOLLY SPRINGS PA 17065-1s..Q)__
A Shareholder's percentage 0' stock ownershIp for tax year (soe InstrucUans for Schedule K-1)
B Internal Rev.nue Service Center where corporation flied Its return' Phi 1 ade 1 ph i a,
C Tax sheller registration number (see InstrucUons for Schedule K-1)
, 4.811000'_
PA 19255
,
0 CheCK aoollcable boxes: (1\ n Final K-1 (2\ n Amended K-1
(a) Pro rata share Items (b) Amount (0) Form 1040 nlers enter
- the amount In column (bl on;
1 Ordinary income (loss) from trade or business activities 1 -528 1 SOD paQu" and ~ or lhe
2 Net Income (loss) from rental real estate actMtles 2 I SturerlOldlH'S Inslluclion~ 'or
3 Net Income (loss) tram other rental acUvlUes 3 Schedulll 1<.-1 (Form \1205).
Income 4 Portfolio Income (loss):
(Laas) . Interest 4& Sch. B, Part I, line 1
b Dividends 4b Sch. B, Part II, line 5
c Royalties 40 Sch. E, Part I, line 4
d Net short-term cepltal gain (loss) 4d Sch. 0, line 5, col. (0 or (g)
e Net long-term capital gain (loss) 4e Sch. 0, line 13, col. (n or (g)
f Other portfolio Income (loss) (attach schedule) . 41 {Enleronappl.ln,olyouf rllturn.)
5 Nel gain (loss) under section 1231 (other than due 10 casualty or See Shareholdur's InslrucUons
theft) f-L. lor 5crledule 1<.-' (Form 11205).
G Othor incoma (loss) (attach schedule) 6 (EnUH on 11001. In. 01 vour return,)
7 Cha.1table contributions (attach schedule) 7 Sch. A, line 15 or 16
8 Section 179 expense deducllon 8 -.- Sft8pa;e Bol11'18 Srlaret\older's
Deduction.
9 Deductions related to portfolio Income (loss) g Instructions for SChedule K..1
10 Other deductions (attach schedule) 10 (Form 11205).
Investmen1 11. Interest expense on Investment debts 11. Form 4952, line 1
Interest b (1) Investment Income Included on lines 4a, 4b, 4c, and 41allove b(1) See Snareholdor'1llnstrlJction3
(21 Investment expanses Included on IIna 9 allove bl21 fot Scrlftdule 1<.., (Form 1120S}.
"-
120 Cred~ lor alcohol used as fuel 128 Form 6478, line 10
b Low-Income housing cred~:
(1) From secllon 42U)(5) partnershlpster property placed In
service before 1990 b/11
(2) Othar than on line 12b( 1) 10r property placed In service betere
1990 b/21 --
(3) From secllon 42U)(5) partne...hlps ter property placed In Form 8586, line 5
Cred~. service aner 1989 b(3)
(4) Other than on line 12b(3) for property pl.ced In sarvlce aner
1989 b/41
c Quallned rehabilitation expenditure. related to rental real estate
acUvltles 12c
d Credits (other than credits shown on IIna. 12b and 12c) relaled Snp.glt Tofthe SrltrlMlde,'s
to rantal real estate actlvltles 12d IntHucllens for Scrllldullll(-l
e Crodltn related to other rental actlvltles 12. (Fotm "2051.
.-
13 Other credits 13 -
"---
Adlulll- 14& Depreclatlon adJLlstment on property placed In service after 1988 14& S..p'O"0'lrI,
menta b Adjusted geln or loss 14b SM,lflnoldtr'!
InUHlcllClns for
.nd Tu c Deplellon (nther than 011 and gas) 140 SCtl.dufel(,-' (FO(m
Pr.f.r- d (1) Gross Incoma from 011, gas, or geot"armaf propertle. dlll !1'ZOSland
ence (2) DeducUons alloceble to 011, go., or geo1hormal proparlles d(21 -. In!tructlonllor
"1m. e Other 6id.J:.l.!!!!le.i!ts and tAX preference Items 148 f'orfnIU!I1
Sch.dul. K-1 (Form 1120S) 1995
Fa, Paperwork Raductlon Act Notlc., s" peg' 1 01 fnstrucllon.lor Form 11208.
D"'''
.'
AREA ANALYSIS:
The subj eot property is located in Silver Spring Township, Cumberland
County, which is part of the Harrisburg,Lebanon.Car1isle Metropolitan Statistioal
Area (MSA), which consists of Cumberland, Dauphin, Lebanon and Perry oounties,
The hub of the area is Harrisburg, the area's largest city and the state oapitol.
The Harrisburg.Lebanon.Carlisle MSA is 100ated in the South Central
Pennsylvania region Wllich conslSts of thr'ee MSA's, Harrisburg,Lebanon.Carlisle
MSA, York MSA an Lancaster MSA, This five county region is one of the most
strategically located areas 1n the Eastern United States and the major center for
food distribution in the Middle Atlantio market region whioh contains over 40
million people, 1/5 of the national population, Baltimore and Philadelphia are
olose enough that their suburban populations are now impacting on southern York
County and eastern Lancaster oounty,
Four interstates and five major state routes run through Central
Pennsylvania. Convenience to major oities, ports and industrial centers is very
good with highway distances as follows: Baltimore 85 miles, Philadelphia 103
miles, Washington 100 mUes, New York City 185 miles, Pittsburgh 200 miles,
Gettysburg 35 miles, Allentown 81 miles and Lancaster 38 miles, Within a day's
drive over half of the nation's population and 45% of the nation's manufaoturing
inoome oan be reached,
Freight and rail servioes to the area are exoellent. More than 38 truoking
lines maintain terminals in Harrisburg which is looated at the hub of the East.
West and North.South lines of the Conrail Railway, making the area ideally
situated for storage in transit benefits, The Conrail Railway also operates a
large freight classification yard in the area. The freight yard, whioh oan
process 4,000 freight cars a day, is connected to all major U.S. cities for one
and two day deliveries.
f
Eight major airlines provide regular nonstop service to New York,
Philadelphia, Pittsburgh, Washington, Chicago, St. Louis, Atlanta and Boston with
oonneotions to anywhere in the world, Every major air.paokage servioe is
available through the Harrisburg International Airport,
.
\
Employment opportunities in the area are good. The State of Pennsylvania
employs 35,000 area workers, Harrisburg being the State Capitol and the U, S,
Government employs another 14,000+, most of whioh serve the two large supply
depots, the Army Supply Depot at New Cumberland and the Ship's Par.ts Control
Depot in Meohanicsburg,
Aooording to information provided by the Central Penn Business Journal,
some the largest employers in the Harrisburg Area inolude AMP, Ino" Hershey
10
AREA ANALVSIS CillJ.I..:!LL
Foods Corporation, Pennsylvania Blue Shield, Giant Food Stores, Ino., Capital
Health System, Herco, Inc" Polyclinio Medioal Center, and Harsco Corporation.
The eoonomic base of the area is diversified and extends from strong
government, service related and transportation faoilities to commercial and
industrial uses, Unemployment rates are consistently some of the lowest reported
in the area, This is due in the most part to high State and Federal Government
Employment, as well as, expanding private sector uses of distribution and office
f aoili ties,
In summary, the area's location with respect to the Eastern United States,
the presence of convenient highway, air and rail transportation and the presenoe
of State and National Employment opportunities have resulted in bright prospects
for oontinued growth in the Harrisburg.Lebanon.Carlisle Metropolitan Statistical
Area,
L.AN.Q.l.
The traot has a gross total of 13,10 acres aooording to the deed less and
exoepting thereout and therefrom approximately 1,231 aores taken in oondemnation
by the Commonwealth of Pennsylvania. Your appraiser's utilized the net acreage
al'ea of 11, B69 acres for the purpose of this report,
The subj eot property is an irregular shaped parcel looated on the north
side of Carlisle Pike, in Silver Spring Township with approximately 623' of
frontage. Approximately 175' of frontage is level with road grade (at entrance
of drive-in) and the balanoe of the frontage is slightly below grade in a slight
ravine, The site topography is slightly inclined to the rear property line,
The site is bounded on the south by the Carlisle Pike and the north by
lands of the Silver Spring Speedway, Prima,'y visibility is from the Car'lisle
Pike, a U,S. Federal Route whioh benefits from a high amount of traffio, Aooess
to {he front of the site is via east and west bound traffic of the Carlisle Pike
which is paved for 4 lanes of traffic with a middle turning lane. The subject
is not served with sidewslks, oonorete ourbs nor gutters,
The site is ourrently utilized as a drive.in theatre and improved with a
one story masonry building utilized as a oonoession/projeotion area; one story
masonry garage/storage area i and, a one story masonry struoture ourrently
utilized as a tioket booth, There is a maoadam entranoe and exit; and, gravel
11
l.A!JUont' d:
driveways to the 7201 speakers strategically plaoed throughout the entire
oomp1ex, The soreen 1S located in the southwestern seotion of the site with a
playground area between the soreen and speakers.
No apparent adverse easements, encroaohments, speoIal aesessments, slide
area were noted which negatively affeot the subject's value. The property is
subjeot to normal utility easements which have no negative effeot on the value
of the property,
LEGAL DESCRIPTION:
See enclosed legal description in Addendum.
NEIGHBORHOOD ANALYSIS/TRENDS:
The Carlisle Pike (U,S, Route 11), between Camp Hill to the East and
Carlisle to the West, is one of the fastest growing oommeroial looations in the
West Shore Area, There are a variety of oommercial establishments inoluding
automobile dealerships, restaurants and several strip shopping oenters. There are
several large truck termirlals located along the Carlisle Pike due to the
exoellent acoess to Interstate 11, 15 and 22, The traffic count is over 33,900
oars per day an the Carlisle Pike in the area of the subject as of November 1,
1994,
In the immediate area, on the North side of the Carlisle Pike in a
westwardly direction lS the ABC Bowling Alley; Super Shoes; and, several retail
stores, In a southwardly d1reotion is the Silver Spring Flea Market; several
retail stores; and, various other commercial uses, Looated on the south side of
the Carlisle Pike is the Triangle Car Wash; Silver Spring Township Building;
Johnny K's restaurant and bar; and, directly across the street from the subject
is the Lawrenoe Chevrolet car dealership, The Silver Spring Speedway is located
to the rear of the subject & the US Navy Depot is located 1,51 miles south.east.
Looated adjacent to the Silver Spring Township building, on the south side
of the Carlisle Pike, are two parcels currently offered for sale on the open
market. Tract #1 is 2,5 acres @ $396,000; Tract #2 is 3.3 aores @ $407,000.
Additional activity in the subject neighborhood includes a project by Crossgates
Inoorporated whioh 1S planning a retail/off ice complex located approximately 1
mile west of the subject surrounding the PHICO office building located at the
oorner of Carlisle Pike and Route 114. The proposed PHICO Business Park will
inolude oDmmercial uses fronting the Carlisle Pike and offioe uses surrounding
the existing offioe building, Improved retail lots are being offered at $120,000
to $150,000 per acre,
12
NEIGHBORHOOD ANALYSIS/TRENDS cont'dc
Prioes within the neighborhood vary and generally depend on the type of
property and its existing use, Commeroia1 and residential uses range in prioe
from $80,000 to in exoese of $1,800,000, with ages ranging from 75 years.
Commeroia1/offioe/warehouse rentals range from $2.75 to $16,50 per square foot
depending on the size and type of rental units and the servioes ino1uded.
Demand for properties in the neighborhood is moderate with most properties
owner oooupied, The area vacanoy rate appears to be in the 3% to 8% range,
Planning, zon1ng and rest riot ions for the area permit a mixed blend of uses
whioh are favorable to the neighborhood, Properties quallfy for all types of
finanoing with mortgage money available for oommeroial and residenUal properties
through numerO\ls lending institutions, as well as, possible assistanoe through
Cumberland County Industrial Development Authority,
Physioa11y the improvement. 1n the area of the property are generally well
maintained and in good oondition. With a high emount of traffic and a number of
oommeroial and professional establishments, the location of the property is very
oompatible with any oommercial usage for people who desire easy aocess,
Area is improving due to the proximity of Carlisle, Mechaniosburg Naval
Depot I Camp Hill, the State Capitol at Harrisburg and the expanding west Shore
Area, as well as, the ccmpletion of the 581/1.81 ccnneotor,
IMPROVEMENTS:
There sre three structures on the site which oonsist of a oonoession area;
garage/storage area; and, a tioket booth. Subjeot improvements are desoribed as
follows:
Concrete blook, one story stuooo building on slab with built.up roof
currently utilized as a concession area with projeotion room. Building oonsists
of 3,300i square feet per tax reoords and has a oompletely equipped restaurant
with wood panelled walls, plastered oeiling, and asphalt tile floor, There are
two men's and two ladies's rest rooms ; offioe area with wood panelled walls,
plastered oeiling and asphalt tile floor; projeotion room with plastered oeiling
and asphalt tile floor; and J utility room containing oil fired foroed hot air
furnaoe, Building is approximately 44; years old and in fair oondition,
Conorete blook, 52' x 45' one story buildIng with approximately 2,340.
square feet; oonorete floor; asphalt shIngle roof; and, overhead garage door,
13
IMPROVEMENTS oont'd:
Conorete blook, 6' x 8' building ourrently utilized as a tioket booth with
approximately 481 square feeti oonorete floor; and, built-up roof,
For improvements to I'epresent the highest and best use of a site they,
among other oriteria, must provide mOl'e p"Dfit than any other uae of the site
would generate, The OUITent improvements olearly do not represent the highest
and best use of the site, therefore your appraiser's base the subjeots value on
the land and not in the utility or funotionality of the improvements,
LEASE I S) :
There are no leases exoepting hand. shake agreement with Silver Spring Flea
Market for over-flow parking privilegee, per Mr. Daniel Jones. Your appraiser
was not provided with "hand-shake' agreement details.
ZONING:
Subjeot property is zoned C-2 Highway Commeroial Distriot. Aoopy of the
appropriate zoning ordinanoe whioh outlines allowed uses is inoluded in the
addendum of this report,
TAXES & ASSESSMENTS:
Cumberland County Tax Map #38-19-1608-003
Taxes :
County
Township
Sohool
$ 29,680
4.600 -
$ 34,280
$ 839,86
239.96
3.666.60
$ 4,936.32
Assessment:
Land
Improvements
Total Assessment:
Total Real Estate Taxes
14
UTILITIES:
Publio eleotric, telephone and water are available to the subjeot property.
Publio sewer is looated at the Golden Corral" Family $taak House whioh is
approximately 114 mile west of the subj ect property, Acoording to the Silvar
Spring Township Manager, capacity is adequate to aocommodate future development
of the subject site.
tllQtlI~D BEST USE:
The highest and best use of a property is that use to which the land can
be put which will create the greatest utility for the land, be it in profit or
in amenities, and that which is permitted Dr would be permitted by the local
municipal or townshlp authorities, and that whioh would not be unduly
objectionable to the character of the surrounding property, and keeping within
the soope of the genoral neighborhood development.
In estimating highest and best use, there are essentially three states of
analysis: A, Posslble use. uses to which it is physically
possible to put the site in question,
B. Permissible use. legal uses permitted by zoning
and deed restrictions on the site in question.
C. Feasible use. possible and permissible uses that
will produce the hlghest net return or highest
present worth.
The highest and best use of the land (site), if vaoant and available for
use, Inay be diffsrent from the highest and best use of the improved property,
This is normally true when the impl'ovement is not an appropriate use and yet
makes a oontribution to the total property value in excess of the value of the
site.
The following test must be passed in determining the highest and best use:
A, The use must be legal,
B. The use must be probable, not speculative.
C. There must be a profitable demand for suoh use
and it must return to the land the highest net
return for the longest period of time.
Based on the foregoing, it is our opinion, the highest and best use of the
subject property is as a future commeroial site, Due to its large traot of land
it would have a multitude of uses whioh would inolude, but not be limited to, the
following: sales and aervioe retail stores, new automobile sales and eervice,
motels-hotels and related faoilities suoh as restaurants, and wholesale businesa
establishments,
15
COST APPROACH:
Approaoh through whioh an appraiser derives a value indioation of the fee
simple interest in a pl'operty by estimating the ourrent oost to oonstruot a
reproduotion of or replacement for the existing structure, deducting for all
evidenoe of acorued depreciation from the cost new of the repro(luction or
replaoement structure, and adding the estimate land value plus an entrepreneurial
profit, Adjustments amy be made to the indicated fee simple value of the subjeot
property to reflect the value indication of the property interest being
appraised, (Dictlcnarv of Real Estate Appraisal, Seoolld Editicn, Page 72),
Replacement cost may be defined as: The cost of constructicn, at current
prices, of a building havlng utility equivalent to the building being appraised
but built with modern materla1s and according to current standards, design, and
layout, (Dictional'V of Real Estate Appraisal, Second Edition, Page 254),
The Cost Approach is based on th~ prcposition that a knowledgeable buyer
would not pay more for a property than the cost of building a new property of the
same utility, This lS especlally true when the property being appraised is new
and represents the highest and best use of the site, It may alsc apply when
there are specialized or unusual improvements on a site for which there are
limited oomparable sales, This also assumes there is no unusual time delay.
The Cost Approach to value oonsists of the following steps and inoludes the
valuation of the land.
1, Estimate the value of the land as though vaoant and available to be
developed to its highest and best use,
2, Estimate the replacement cost of the building on the effeotive date
of appraisal.
3. Estimate the amount of depreciation in the structure inoluding physical
deterioration, functional obsolescence and external obsolescence,
4, Deduct the estimated depreoiatioll from the replacement oost of
the structure to estimate the buildings contribution to value.
S, Estimate the depreciated cost of other structures & site improvements,
6. Add the depreoiated value of buildings, other struoture and site
improvements to the site value to arrive at an indication of value
by the Cost Approach.
The Cost Approach generally will result in an exoellent estimate to value
if the building is new or reasonably new, and the improvements refleot the
highest and best use of the land, The Cost Approach was oonsidered but not
developed. The subject improvements due not refleot the highest and best use of
the land, therefore your appraisers valued the land as though vacant in the
Market Approach,
18
Mb.ES COMPARISON APPROACH/MARKET APPROAClil
The approach through which an appraiser derives a value indioation
oomparing the property to be appraised to simila\ properties that have been sold
reoently, applying appropriate units of comparison and making adjustments, abased
on the elements of oomparlson, to the sale prioe of oomparable.
In applying the Sales Comparison Approach, the appraiser takes the
following steps:
1. Researohes the market and sel~cts the sales and/or listings of
properties most oomparable to the property being appraised. Generally,
the most current and similar comparable sales prove to be the best
indioators of the value of the subjeot,
2, Colleots and verifies data on eaoh seleoted property's selling and
listing prices, dates of sale, physioal differences, locational
oharaoteristics and any speoial conditions,
3, Analysis and compares eaoh property with the subjeot as to time of
sale, 100ation, physical oharaoteristios, oonditions of sale and other
differences.
4. Adjusts the sales or listing prioe of eaoh oomparable for
differenoes between it and the subjeot. Adjustments are based on
market extraotions and/or judgement.
5. Reconciles the adjusted prices of the comparable properties into an
indioation of value for the property being appraised.
In an effOrt to arrive at value indioations by the Sales Comparison
Approaoh, sales of reasonably similar properties .in surrounding areas were
studied.
Numero~ls sales were studied, as well as, oUrrent listings and properties
under contract. Only the most comparable sales have been selected for inclusion
in this report. Verification of sales infOrmation with realtor, grantor, grantee
and/or courthouse record were conducted where possible, Speoial attention was
given to terms of sale and special conditions to determine that the transactions
were 'arms length.'
Eaoh comparable property was oompared to the subject property and
adj ustments were made for significant differ'ences, The adj usted prioe of eaoh
oomparable indioated a value range for the subject whioh was then reoonoiled into
a single value indication via the Sales Comparison Approaoh,
20
ADJUSlllENTS SUBJECT SALE 111 SALE 112 SALE 113 SALE 114
SALE PRICE N/A $2,013,689 $2,019,000 $3,205,000 $475,000
PRICE/ACRE N/A $135,891 $125,015 $130,816_ $197,095
DATE OF SALE 12/12/95 0,:/21/92 05/04/95 11/15/93 08/29/94
+15% +5%
-
LOCATION! AVERAGE SUPER lOR INFERIOR SUPERIOR EQUAL
ACCESS .15% +5% .15%
SITE/USE 11,R69 15,26 16,15 24.5 2.41 AC.
ACRES ACRES ACRES ACRES .30%
UTI LI TI ES PRIVATE SUPERIOR SUPER lOR INFERIOR SUPER lOR
SEWER ., 0% .10% +5% ,10%
NET N/A .10% .5% .5% .40%
ADJUSTMENTS
ADJUSTED N/A $122,302 $118,764 $124,275 $118,257
PRICE/ACRE
COMPARABLE SALES GRID FOR: 11,869 ACRES, SILVER SPRINGS THEATRE INC.
The market indicates smaller sites typioally sell for more per aore than
larger sites therefore a size adjustment is taken for sale 114. Utility adjustment
refleots subj ects inferior private sewer, exoepting oomparable 113 whioh has
private sewer and inferior private water. Looation adjustment taken for
comparable 112 which does not have direct acoess from US Route 74 or 30,
Comparable sale 114 has lnferlor access however an adjustment is not made due to
the superior shopplng center lnfluence,
In reviewing the adj usted sale prices listed above, the value range
indicated extends from a low of $118,257 per aore, to a high of $124,275 per
aore. Adjustments were based on market extraotions and/or judgement. Greatest
weight is given to oomparable 112 which is the most reoent sale similar in site
size. Indioated per acre value is supported by comparable sale 111 whioh is
looated in the Subjeots immediate neighborhood and is also similar in site size.
Based on the data developed and analyzed Tor this property I the most logioal
indioator of value is $120,000 per acre. Appraiser's took into oonsideration the
oost of demolition of the conoession area, screens, speakers and speaker system,
11,869 Aores X $120,000 per aore . $1,424,280.
(ROUNDED) . $1,425,000.
25
APPRAISERS' CERTIFICATION
I/we have researohed ths subject market area and have seleoted a minimum
of three reoent sales of properties most similar and proximate to the subj eot
property for oonsideration in the sales oomparison Malysis and have made
adj ustments when appropl'iate to reflect the market reaotion to those items of
significant variat!.on, If a significant item in a oomparable property is
superior to, or more favorable than, ths subj ect property, I/we have made a
negative adjustment to reduce the adjusted sales price of the oomparable and, if
a signifioant item in a comparable property is in'ferior to, or less favorable
than the subject property, I/we have made a positive adjustment to increase the
adjusted sales price of the comparable,
I/we have taken into consideration the factors that have an impact on value
in my/our development of the estimate of market value in the appraisal report.
I/we have not knowingly withheld any significant information from the appraisal
report and I/we believe, to the best of my/our knowledge, that all statements and
information in the appraisal report ere true and correct,
I/we stated in the appraisal report only my/our own personal, unbiesed and
professional analysis, opinions and conolusions, whioh are subjeot only to the
oontingent and limiting conditions speoified in this form.
I/we have no present or prospective interest in the property thet is the
8ubjeot of this report, and I/we have no present or prospeotive personal interest
or bias with respect to the partioipants in the transaction, I/we did not base,
eithsr partially or completely, my/our analysis and/or the estimate of market
value J.n the appraisal report on the reoe, color, religion, sex, handioap,
familial status, or national origin of either the prospective owners or oooupants
of the Bubjeot property or the present owners or occupants of the properties in
the vioinity of the subject property,
I/we have no present or contemplated future interest in the subj ect
property, and neither my/our ourrent or future employment nor my/ouI' oompensation
for performing this appraisal is oontingent on the appraised value of the
property.
I/we was/were not required to report a predetermined value or direotion in
value that favors the oause of the olient or any related party, the amount of the
value estimate, the attainment of a stipulated result, or the ooourrenoe of a
subsequent event in order to reoeive my/our oompensation and/or employment for
performing the appraisal. I/we did not base the appraisal report on a requested
minimum valuation, a specific valuation, or the need to app,'ove a speoifio
mortgage loan.
27
APPR~S' CERTIFICATION
(CONT'D)
We performed thJ.s appraJ.sal J.n conformity with the Uniform Standard8 of
Professional AppraJ.sal Practice that were adcpted and promulgated by the
Appraiaal Standards Board cf Th~ Appraisal Foundation and that were in plaoe aa
of the efteotJ.ve date of thJ.s appralsal, with the e~oaption of the departure
provJ.Sion of those Standards, WhlCh does not apply, We aoknowledge that an
estJ.mate of a reasonable t1me for exposure in the open market is a oondition in
the definJ.tion of market value and the estlmate we developed ie oonsistent with
the marketJ.ng tJ.me noted ln the nelghborhood seotion of thia report, unless we
have otherwlse stated In the reconclllation section,
I/we have personally lnspected the lnterlor and e~terior areas of the sub.
jeot property and the exterlor of all properties listed as oomparables in the
appraisal report, I/we further certify that I/we have noted any apparent or
known adverse conditlons ln the Subject improvements, on the subjeot site, or on
any 511ft withJ.n the lmmedla te V1Clnl ty of the subj eot property of whioh I/we
am/are aware and have made ad) ustments for these adverse oondition8 in my/our
analysis of the property value to the extent that I/we had mark.et evidenoe to
support tham, I/we have also commented abou\ the effeot of the adverse
oonditions on the marketab111ty of the subJeot property.
I/we personally prepared all conclusions and opinions about the real eatate
that were set forth in the appraisal report, If I/we relied on signifioant pro.
fessional assistance from any indlvldual or individuals in the performanoe of the
appraisal or the preparatlon of the app!'aisel report, I/we have named suoh
individual(s) and dlsclosed the specifio tasks performed by them in the reoon.
ciliation section of thlS appralsal report. I/we certify that any individual so
named is qualified to perform the tasks. I/we navo not authorized anyone to make
a change to any item in the reporti therefore, if an unauthorized ohange is Made
to the appraisal report II/we will take no responsibility for it.
The use of th).s report is sub) eet to the requirements of the Appraisal
Institute relating to reV1ew by its duly authorized reprelentatives. We oertify
that, to the bost of our knowledge and belief, the reported snalyses, opinion and
oonclusions were developed, and this report has been prepared, in oonformity with
the requirement of the Code of Professional Ethios and the Standards of
Profesaional Appr81sal Practice of the ApprEisal Institute. We oertify that
Lester Q. Connor, MAl, and Vicki 8, Forrester personally inspeoted the e~terior
of the property, Lester Q, Connor prepared this report along with Vioki
Forrester who.provlded substential research and input into the value oonclusion
oont81ned 1n thisc:port ,
) /
. '7 '
. .
Lestiir Q, Connor, MAl, ASA, SAPA Vicki 8, Forruter, Aut.
28
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cion )02
hcelon 302.1
c.z I-(ICH'.lAY C~loI~EQ,C IA~ ~I S.p,I:"
S~HI/!c Int'"I
Ie Is t~1 O~";OIl 01 t"il district to mike .pproprllte provision
lor COtrf'!\I"ill Htlvlliel wnlcn .re bule..lly orleneed eo .ueomo"
tlve U5e eM treUle, T~ls ioel~des urvlco eype buslnOlsll whlcn
ordinHlly r'Oyire ",.jor Hlerl.1 locetlons .nd urve reglon.1 u
1'1011 II loeel euHO"'HS,
Use ~eo~IHlo"1
A. Ulel bv ~'O'I
. -
In .ny C.2 district, I.M, pulldlngl or promllOs sn.ll be used
by rlghe lor ono er more 01 Inl followlngl
I,
Clnerel "'ercnandi$l !toru Including depHemlne 1C0rll,
"5 ene 10" verie:v !to.es, gonerll merch.ndl.. dlscoune
stOr'l, or'Jg 110"1\, and IPortlng goods.
Apo.rel ane H,,"orles ltores Inel~dlng s~oe stores,
furr I ers, .nd o.!tom Ie I lors.
F~rnl:yre, no"'e fyrnlSnlr,g .nd .oulpmlne Including nouU"
~ole aool lance ItOrel, l'I,rdwHe, pllnt .nd gleu stores,
radio .ne lelevlslon Ilores Including ..rylees,
FOOd Itores including lupermerKets, b'Kerl" .nd confec"
tlonery Il'IooS wnere t~1 production of b'KOd goodS II eo
01 sold only It flull on e~e premises, d.lry produces,
.nd muts,
Eating es:ebIISM,en:1 Including rest.ur.ntS, lunch eOUn"
eers, oellcet....ns, turooms, cafe, t.vernl, eon'eeelon"
ery or ,slmller eH.blllMents serving 'ood or
blvlrages. .
Olfe s~oos, Including e.mer., bOOK, stetlonery, enelque,
mus ICII luoollll, eos"'lllcs, e.ndy, c igerettll .nd to.
beeeol, fiowers, i'e;by, Jewllry, lutnH end lugg.g. Inopl,
Offices fer tne eondye: of medle.1 Ind otn.r prof,sslons,
reel estatl .nd Inl.rance .nd b.nkl, Including br.ne~
b.nks, ",esunger or telegr.o~ urvlces, end generel .nd
. dm In is t r It I VI 0 I Ii CIS,
Business m.e~lne s"oos, s.les .nd services.
Person.1 service sl'loos, Including dry clunln9, bHber,
buutlcl." I"oe rlP.,r, I.undromet .nd t.llor,
Governmen: oUle.. Hrvlng t~, pUblic, Including. PoU
Office, or otner pu~1 Ie or seml"publle offiCII.
Indoor reerlltlor..1 f.ellielll, In~ludln9 ehuan .nd
bOW II n 9 . I I e Y5 '
Artlstl .nd pnot09r.~~erl Itudlol.
Feetory .utl\orlzed neVi .utomoblle Ulll, .genclOl .nd
..rvic&I, Including rep.lr Inopl .d).e.nt to .nd In eon"
nect Ion t~ere'" tn,
Gasol lOG service \tltlonl, lubJect eo speel.1 reguleclonl
of Section )02,3.
2,
),
~ ,
s'
6,
7,
e,
9,
10,
II,
12,
\ 3,
1 ~ ,
)00.)
. SfC.t, 302, I I:ont,:
IS,
16,
17,
18,
19,
1"',01' ,,. i C $ ,
~I b! ur ies .rld m\Jse'.If'/\s,
Mo~els-hOtell, ~rd related 'acllltles luch 1\ rllt.ur.ntl,
meetir; rOoml, ~nd auditorium IP~CU .nd Iwlmmlng pooll,
"e~IP~p.r pucl!lo!n; ~nd joo printing,
Ce'er~1 service or oontractors' IhOP, Inel~dlng carpenter,
eaolnet m~i<ir,;, 'urnlture rep~lr, light mlt.1 working, gar"
m,.rt m.nu'acturlng, t Inlml th, plumbing, or similar IhOp,
hllnell pl.ee 0' . bul ider, cerpenter, elterer, clun.
er, oontraetor, oeoorator, dyer, Ilectrlcl.n, lurrlte,
mason, o~lntlr, pluMblr, roofer, uPhollterer, end Ilml.
I~r non-null.ncl Oulinlllel, excluding open stor.ge 01
m.~teriall and ..oludlng open storage of motOr venlcl..,
20,
21, Sub"HIt lon, telephone eentr,l olflce, eleetrle .nd gll
facllltlll, IOw.ge 11ft Hit 10"', w.ter p~mplng Hltlon,
subject to the follOl'llng IPecl.1 requlrementsl
., NO stor.;, 0' m~t'rl.11 .nd truckl, .nd no rep.lr
fit /II t I II or houll ng 01 rep. I r erewI eM,pt wi tho
In complet,ly ,ncloud buildings.
b, Th, archltfttur.1 dU 19n 01 th, ,~ttrlor of .ny
building Ih,ll be In kteplng wi th othtr ttr~ctur"
In tn' neighborhood,
c, Scrunlng to b' dev,lop,d In .ecord.nce with Stctlon
102,3.76 of thil Ordlntnc,. All pl,nt. not lurvlvlng
on, V"r .fter pl,ntlng mUlt b, r,pl.ced.
22, Automob/l, rfO,lr IhoPI, No outsld, ItOrtg. of mlt"I.ls
.nd motor vehlclu II Ptrmltt,d.
2), Tourist, rooming or bo.dlng hoult.
2~, \.Iholll.l, bUlln"l IIt.olllhment.
25, Indoor Hortg' building or w.rehoult.
26. V,ttr Inary hospl t.l, .nd klM,I, provld.d buildings .nd
runl ar, not within ISO Iltt of .ny lot zon,d for r"l.
deiltl.1 UIO.
27, L,borttory, dent,l tnd mldlo.l,
28, E~ttrmln'tor.
29. Car \.lash Est.olllnment, IUbj,ct to th' Ip.cl,1 r'gu.
IltlonS of Section 302.~.
30. Clt,rlng IIt'bll11,m,nt.
31. BUlln," ,nd Instruction.1 Ichool, Including tr.d,
lenoo I.
32, O.ne, St~dlos,
I. Ac~e'so~v us.s
Only th, lollowlng .eetllory UltS sh.11 b. ptrmltc.d:
I. Aceeuory ~It on th' Itm, lot wlth'no oUUOIlI.rlly In.
old,nt,l to ,ny of th, .bOV' p,rml tt,d ullS.
c. Vs.s ~v S:>.-:tal :'(:.~~lo~
Th, lollowlng Ultl sh.11 b, ptr~.ltt'd II . IP,ol.1 ,xe,ptlon
whln 'uthQr I zed by th' Zon I ng Hur I ng Boerd lubj ,ct to Art I 0 I.
1100 of thll Ordln.nc,:
)OO"~
,. ;." .'_.._-'--.-"'.-'~-"
Section )02,)
s,,~~. a I ~,,:.' ~~ :0"$ '?' ~a~oll,,! Servl co Stat 10r'11
Ctlol in, \frvlee Ital Ions IMII be lubJect to the following
IPeci.1 regulltior,s:
I,
2,
).
1;,
5,
6.
"
8,
I'Ilnlmum lot Ilze .. )1,160 Iqutre f..t
1'1 I n i mum lot d to t" - - 100 feet
1'1 I n i m"m lot wid t M .. 11;0 f.. t
.Inlm"m Ielbac< I In. from Iront prop.rty Iln.. -- 40 feet
Mlnim"m dlnano. from ell property linn other th'n frOnt
proper ty .. 25 leet.
Minimum dln.nce bHwun .ny bulldlngl, Including .ccu-
lory uUI, end any ru idenCl dlnr Ict .. 50 feet.
Minimum dlstlnce between .ny .ccell drlv.w.y .nd .ny resi-
dence dlltrlet .. 50 I..t,
".Inlm"m dlstar,e. oetw..n .ny Iervlce st.tlon .nd rep.lr
9.rage acCI5S dr i v.w.ys .nd the property line of the foil-
Owln9ules: eM"rch, Ilbrtry. Ichool, colleg., nurllng
home, hOIPlt.l, .nd Ilmlllr Ules .. 200 fut, m"lured e-
lon9 lne 5Ime Itrftt line In the Sfme blOCK.
Minlm"m dist.nc. b.tw.en Itructurel of ~ny lervlce It.tlon
anc/or reoeir oarac. .nd the structur. of .noth.r I.rvlc.
st.tlon and/or" rfo~ir 9ar'ge sh.11 be 400 feet, m..sured
.Ions the Sf"" s:rtft Iln. In the seme or .djolnlng blOCK.
For similar use est.bllsnments locating In confronting
adjacent blOCkS the point of beg/nnlng mUlur.m.nt Ih.11
be Ol/Ht to the oPPollte Itrut line, except thn thll
provllion sh.11 b. 10p11Clbl. when the common strut II
:to.r.ted by . dlvld.r Itrlo, medl.1 strip, or other 11m-
liar control device,
Minimum dlst.nce between g'lolln. pump 111.ndl, compr"led
.Ir connectlonl, .nd 11m/I., e~ulpmlnt .nd facllltl.. .nd
.ny strut IlnlS .. 20 flet.
M.xlm"m width of curbcutl for .CCIII drlv,w'YI -- 3S flat,
Ixceotlng . corr.blnod ontrtnCl .nd Ixlt m.y totll fifty (SO)
fut,
So.clng of .ccesl drlvew'YI:
e. Minimum dilanCl from .d)olnlng proptrty llnll Oft 10 ft,
b, Mlnl/!'..m dlst'nCl from Intlructlng strut Iln" .. 200 ft.
9,
10,
II.
12.
13.
c, Minimum dlot.nOI betw..n ICC.II drlv,w'VI .- 20 ft.
tXCIPt for .CCIII orlv.w.y op.nlngl wh.rl Ih. c~rb Ih.11
bl OIOrUlld, . rlised curb of It lust Ilx InChtl In hllght
Ih.1I bl proylood Ilong III str..t Ilntl.
Hydrlullc holstl, pltl, .nd III lubrlCltlon, gr"lln~1 wllh-
Ing Ind rlP.lr .qulpmlnt Ihlll bt .ntlrlly Inclolld within
build Ingl.
Exterior 119ntln; ah.11 b. Inllldld 10 that It II d.fllCtld
.w.y from IdjlClnt prop.rtlll .nd from p'lllng motorlltl.
11'1:.,.10 or JUni<ld or Itrlpp.d venlclll In In InOPlr.tlv.
condition 51'.11 be wltl',ln thl It'uctur,.
No gl5olln. or petrol.vm oroductl Ihlll b. Illowld to Intlr
the City un I tHY or storm drll nlgl w.tlr nWIgI .yet..,,"
All w.stl petrollvm productl In.11 bl Itor.d In undlrground
t.nKI II loprovld by the N.tlon.1 Flrl Protlctlon ^'Iocl.tlon,
1 ~,
1 S,
16.
17,
IS,
)00-&
_" _. ....,... Ltt."~ .- :~.. ,...,
loctlon )02,~
hctlon 302.$
Soe~lal ~e:ulatlcOI I:, Car ,ash Es:a:\llhments
Car wBh enabll sMmen:! SM II be lubjoct to the following IP.cl.1
r.gulat 10011
I,
2.
),
4.
S,
6,
7.
a,
9.
Minimum lot sl:c ., 2~,000 Iquar. fnt
M I n I mum lot 1'1 I d : h on I 20 (n t
1'1 I n I mum lot de 0: h .. 2 CO (.. t
Minimum letOIC~ (rOl" all (ront property Ilnll" ~O I.1t
Minimum dl s:ance Iro", ai I property Ilnll othor th.n Iront
prooerty II nes ". 20 feet
Mlni",u'" dlnance ~etweeo any Dulldln9s, Including ,cc,"ory
uses, and any Relloence Diltrlcr. .. SO I..t
Minimum dls:ance oetween any accels drly.w.y .nd R.sld.nc.
Dlstrlc: .. SO (u:
Minimum di nanco Petween any .ccess drlYiW.y .nd .ny .d-
)oinlng prop.rty line ", 10 (eet
~.Inlmum dlnance ~e:ween any access drly.way .ndthe prop.rty line
0' any o( the 10110win9 uSesl Church, library, ICI\Ool, 1,:01"
lege, nursing hCl'le, hospital, and ,Imllar uses" 200 f.1t
medsurec Ilong the lI"'e street line In tho um. bloc.k,
Ma~ Imum wld:h 0' c.rocuts lor .CCell drIY.IV'YI .. HInt, ,1<"
coptlng I combined entrance .nd '1<1t m.y tot.1 fifty (SO) It,
P.rking "qulr'emenul
10,
II.
., A w.ltln9 or Itlcklng arll on the lot for Incoming
.utomoblles ICcesllbl. to the .ntr.nc. .nd of tho
wllhing .qulp",on:, to .ccommod.t. .t lust IS 'utO"
mob I III lor "Ch Iln. provld'd In the wUhlng ar..,
b. An "" boyond the e~lt .nd of the wuhlng .qulpm.nt
lor It I,"t 6 .utomoblles lor IIch I.n. provldod In
the w,Shlng Ir.a,
12, ~ntranee ICCIII crlvewlyl '1'1.1 I not b. loc.tod within 300
leet 01 tl'lO In:eructlon 01 .ny twO nrut IInll,
1), El<terlor IIgntln9 IMII b. shl.lded 10 that It II dOlloC"
tod ,w,y 1rom .d).,ent proo.rtlOI .nd Irom p'lslng motor"
l . ~ S t
I~. ~I' Plrking 'OHII and ICC.II drlyow,yl sh.ll b. p.v.d
I'll t' . wll:herproof mHerl.l,
IS. Driooln. y.nieles Inall no: co .llowed on strut' or high'
w'YI 10 II to e,uII Ie. huards In fr..zlng wuth.r. Equip.
mon: must be Inst.ll.d to pr.vent thll condition.
Othe- ~e:vl re"'o':t
Off Itre.: p.rklng, IO'diMg .nd unlo.dlng, Ilgnl, op.n 10'C'
.nd ~11 o:I'I.r H~lleHI. Suppl.m.~tll R.guletlont I~ Hcord.nc.
I'll th Artlel. aoo of tMI, Ordln.ne.,
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.,.....1J(U... (n11
*'
SCHEDULE C.,
CLOSILY HILD CORPORATI STOCK
INPORMATlON RIPORT
COMMONWEALTH 0' 'INNIYlVANIA
INHUiITANC! TAX IUTU~N
.IIID~NT Dtc![)!NT
Pi.... T . or Print
PILI NUMIII
ISTATI 0'
Tho fqllowing inlormnlion ""'" Ilr. \uh,rj,ill<'rl with t';j\ '"hhlul'" ,
A. Ootolled dNCriptlCMI ,howl"ll,h. """hod 01 comp"'''''CMI utlhled I. 'M...kIotloo crllho d-o.w', 1IOdl.
., Campi... copl.. of flnond.I,''''......' or complot. copl.. 01 th. ~odor.1 TOK ROtU1n' (~od<wal Form 1120) lor 1M y..r 01 doath and A
preceding y.an,
C. St"'.m,,", of dlvld...d, paid ..ch y..r. UII tho.. dedored ...d uopald.
0, u.t nam'l of officerl, lalari'l, bonUMI and :tny other bentftt'. r~v.d frOM Corporation,
E. "tIl. Compony ow"" ....,1..'01., ""'mlt 0 h.t ","wing th. complet. add""'.. and ...""ared Fair Mon.ot Volllli.. II R..I E1toll Approlool.
hove b_ ,",ured, plea.. oItach copl..,
F. U., principal IIockholdon '" dOli 01 d.oth, number 01 0110... held, ond rolotlon,hlp to dl<lHlont,
G. Any O1Mr In/orrnotion r.l.tlv. to th. volvotlon of !ft. docodoot'. 11It"'",
1.
Nom. of Corpal..tlon ._ JONI::S lIARI}'.J^RI'~ CCHIWlY INC StalO 01 Inc. .J.'l-:NNSYLVANIA
51rHt Add.." 113 E INDEPENDENCI'~ STREET DolO of Inc.
City. SHAMOKIN Stat. FA .__ ZIp Cod. 17822 Tatal Numb.. 01 Sharonold."
Fed.ral!. D. Numb.r 24.0624295 .u".... _",,,"1"11 V..r JANUARY 1 10
(Sam. A. Federal Form 1 f20)
SAlES
DECl\101BER 'n
2.
3.
..
Typo 0/ 8uoln...
Produa
HAIm.JARE
STOCK
TV'.
TOTAL' SHARIS
OUmANDlNG
'A. VALUI
. SHAI.. OWNID
IV DeelDINT
Common
750
100
62.50
Pref.rred
PNvw.. oU "'ht, OM rMtrictlon, portabd.. 10 ..... .Iou of 1f0Klc.
5. Wo. dlCed..t ...ployed by ,11. Corporation' 0 V.. 1] No
If Y'" 'o,Hloh /innual Solory S n_ D.voted to bu,I.."
6. Wo, 1111 Corporation I.d.bted to ,11. d.cedont' 0 V.. lO No
If Y", provld. amounl of Ind.btod.." S
7. Wo, till.. 1110 I.,uro"" poyobl. to ,h. corporation upon d..th of docodont' ~ V.. 0 No
If Y'" COlh Sur...d.. Volu", S _ " ~ " Nit Procood. Poyablo: S sn '1 Ii "
Own.. of Policy Tr1NF<'; HMillJM~\':...wlFANY I[jC
.. Old th. dlC.d.nt .011 or tron".. .,ock of thl. compony wltllln on. y..r prior to dlOlh If !ft. date of d..th wa. on or a".. 12/13/82 or within
two y.on if th. dot. of d..th wa' prior 10 12/13/82' 0 V.. IZJ No
If Y'" 0 Tran.f.. OSal. , of Shor.. _'___ Tron".... or Purcha..r
Conoldoratlcn S
Attach a ..paral' ,h..t for addItional trand." and/or 101'1,
9. Did the c-otporatlon have an lnterelf In o,h.r corpor!'Jtlonl or partntnhlp.' 0 Vii ~ No
If Y'I, report the nee.nol)' Information on a I'!XIratt ,h.." ln~udlng Schedul. "C.lI1 or IlC.2/1 for ~ch lnt.,,,t,
10. WOI th.r. a wrltt.n ohare holder'. aSte.m..t In .fflCl at !ft. tinll 01,11I d".d.nt'. dlOlh' OV.. :J No
If Y'" provld. 0 copy of th. ogrHm.... ATfNlll':1J
11. Wo, ,h. dlC.d.n,'. IIocl< .old' 0 V.. l;:;! No
If Y'I, p'ro....ld. a copy of the agrHmenf of 101., .tc,
DOli
12. Wo,th. corporation dlnolvod or liquidated a".r th. d".d.nt', d.olh' 0 V.. ~ No
If Y", pro....ld. a breakdown of liquidation dIstributions, .tc. Altach a ..parat. Inl.i.
~-
,,"
-, ..
ESTATE OF RICHARD J. JONES
Addendum to Sohedul~
Information Reoorj; for Jones Hardware Companv. Ino.
Deoedent owned an 8.333% interest in a family-owned oorporation.
Neither Deoedent nor his spouse or children have been employed by or aotive in
the bueiness for many yeers.
A. Valued at 8.333% of book value per shareholdere' agreement attaohed.
B. Annual reports for 1992 through 1996 are attaohed.
C. Dividende are reported in Statement of Cash Flows attaohed.
D. Robert F. Jonee, President, reoeived a salary of $32,400 in 1996. He
reoeived no bonuses. None of the other offioers received salaries or
bonuses.
E. Real estate. See finanoial statemente.
Relationehip
F. E..!;,QQJ<holder No. of she. held to deoedent
Robert F. Jones 375.00 Nephew
Riohard J. Jones 62.50 Deoedent
Harry Jones 62.50 Brother
Estate of Francis Jones 250.00 Estate of brother
1030B7
..u.". ~
. ... 1 _ T ~ _
"', "''''0..'1
. '. .'~J'f
THIS AGREEMENT, made lDd e:uouted. br each at the
reapeotive parti.. hereto on the date aet oppolite .aoh or the
names ot the respeotive partie. hereto, by lDd betweon ROBER~ S.
JONES, RICHARD J. JONeS, HARRY w. JONiS, QEORGE E. JOKES, FRANCIS
B. JONES, WILLIAN a. JONES, and OHARLES E. JONES, Jr., allot the
BoJ.'OUSh ot 13hamOk1n, 1%1 tho Oount'1 ot !forthulllborland. wd State ot
Pennsrlvan1a., and !lIAR()ARE~ J. TAN'N1J:Y, at the Oit1 ot Philo.delphia,
Oounty ot Philadelphia and State at ieDD811v~a, partiel ot the
tirst PlU't,
AID
JOlfES RARDWAR3 COlll.PA.NY, . Permaylvan1a o01",po1'&-
t1o'n, h&Vlll.6 its pl'in01pal ot~'1oe 111 the Borouab. ot SbamClkin,
Oounty and. St.te &tOl'tIla.1d~ partr ot the seoond part, WITNESSnx,
WIm.REJ.8, all at the tonlo~ part10e by an agru-
e1gnld 'Dr Ohar1.. I. Jon.~'(;n the 21st dar ot Mar. 1941 IJl4
ment
bf the remainder ot the above nam.d, partin or the !irst put on
the 29th day of lQ..rch, 1941 entered into.. Wl'itten agreement respeot-
1n8 polioiel of insurance on the 11ve. ot the ..toresa1d parti"
of the t1,rllt part and tho purob.all8 c,- Jonu RardwA.re Oompmr ot the
stook owned 'br the partin of' the firl!lt part mentioned tharein.
THIS DfDIm'1'URE WlTNESSE'l'il, thllLt the parties hereto,
1'01' ~ in ~onl1derat1on 01' the exeout1on 01' this agreement ~ each
01' th. other part1u h81'ebJ anerallr sgroe that the atOl'eea1a.
"".1 ttlln agreement Ihall btl modi1'ied. in the following put1oularl,
J
to witl ParagrQPhs thr~e (3) and four (4) on page three (3) of tho
atore~aid Igreemect shall bl eliminated therefrom and the following
paragrapm ahall be substituted to bave the l1k$, toroe and eUeot
as it or1g1nall,. 1ncorpOrated in the at'orudd agreement.
Paragraph threl (3) shall read .. tollOwe:- In the
event or tn. death ot an'1 ot th. partiea heret:o, Jonea liudware
Oompany, party or the seoond part shall oolleot the ~unt due under
the said polloy or polioie., to wit:- the eum ot Ten thauaand
(~lO,OOO) Dollars, and ehall thereupon upon oon.1derat10n of the
alllignment to it ot the Sixty-two and. one-halt (62*) lhares of
atock hlretotor. i.eu.d to eald dsosaeed person by hi. or her
ezeoutor or l~m4Di.trator pay over to the said exeoutor or admin-
istrator or suoh deceased party an amount wb1ch ah,ll equal the
book value ot the said Slxt'1-two and one-halt (set) shares ot
stook ..a shown on the books ot the partr ot the seoond part on tbt
date or transfer atter orediting the laid book. with the rsoeipt
of the prooeede or.the aforesaid polior in the aum ot Ten thouaand
<$10,000) Dollar..
Paragraph to~ (4) ahall read a. tolloW81- The
partie I or the tirst pa~ hereto, eaoh tor h1maelf, hi. heirs, eX-
eoutora, adm1niltratorl, or .seigns, agree, for and in cone1derat1on
ot the exeoution at this agreement, that the aaid oorporation ehall
have the r16bt upon .xpiration ot any or the polioi.. by the death
ot ~ ot the parti.1 hereto to purOhae. the outstanding oertifioates
tor Slxtr-two and one-halt <62i) ehare. of stook 1n the .aid corp.
oration heretotore 1..ue4 to .aid ~ec8aaed party or parties by the
parmant ot tue book value ot the .aid Slxty~two and oue-halt (621)
.harea ot stock III shown upon eb.. 'cooks ot the oompU17, attel' oNd1.tiD8
~nA domn.nv _tth the rec.l~t or tbe prooe.de or .idd 1neu~onoe
,polioy i whereupon the said Gertltloatea of stock: shall beaome the
property or the said oorporation and the pa~nt ..tor.said of tho
book value as herein provided shall be 1n oomplete liquidation
or puyment of all interest of sa1d deGeased person 1n the afore.
said oorporation in!o!ar as it 1. represented by the aforesaid
Sixty-two and one-halt (eat) .hares Qf stoak: heretofore issued.
IN WITNESS WHEREOF, the parties hereto, have here-
unto set their hands and seals, and the above n~d oorporatlon has
oaused its Gorporate seal, duly attested, to be hereunto atflxed,
the day and year set opposite eaoh of their respeotive ~elS.
WITNESSES DATE
- --
r? ,,/ ,
~"p.~,~ ~'7'a
(
4f'At..:'c ~..""-,, flJ7~m4.l'.ZI 1f1f3 ~...._~.....:..~~ (SmAIl)
A1 (,/
_~?i~M.*'"'1-;"/!~"""4.qat]J''t;l /~~-:"""A-~~-" J.sEAL)
$4.~ ~ ~Jc#~~('EALI
/Y" ~?/ nt' '1 7)-
//1'.~~'1.7":1"44.4i~1 !~t~.J /}J~"-;JL~'0 /d-tfSZAL)
. , 1/ .
/)k~>19:~ ,^,.w :.l. i4,t;.; ~ r . : \ . (SEAL)
--1)~...iJ~~"<<y~'/~~~~~ i~":'~~(SEAL)
/, c.-' . ",- ,1
~r ~.c..o ~ '(~//,AI~~~ ~~~I(:./(SEAI.)
, .. (/
ff~#/~)
I ,,'
ATTEST:
JOJmS EWWWARE OOKPANY,
~ ~
/r;Mr8 .-.-'-'.
~ Pl'e cllll1t.
,#Y~~~/
Seol'etll.x7' (/
I
:\
I
;
I
~
,.
'i
~
~'
I
JONES HARDWARE ~
~E SHEET
DECEMBEB-31. 1992 AND 1991
llll
ASSETS
CURRENT ASSETS
Cash in Bank
Cash on Hand
Notes Receivable-Vendors
Accounts Receivable (Net)
Inventory-Hardware Department
Inventory-Home Center
Inventory-Appliance Department
Investments
$ 1,717
1,700
3 r 692
463,240
249r721
334r528
107,023
S8.0,il
$1,249r664
TOTAL CURRENT ASSETS
FIXED ASSETS
Land
Leasehold Improvements
Rental Equipment
Land Improvements
Buildings
Delivery Equipment
Building Equipment
Building Improvements
Office Furniture
store Fixtures
$ 5rOOO
61,756
3,177
700
177,616
52r405
72,457
23 r 126
155,187
----135.996
$ 687,420
562.308
$ 125r112
Less: Accumulated Depreciation
BOOK VALUE OF FIXED ASSETS
DEFERRED CHARGES
Prepaid Insurance-General
prepaid Postago Meter Rent
prepaid Licenses
Prepaid postage
prepaid UPS Charges
prepaid Rent
TOTAL DEFERRED CHARGES
TOTAL ASSETS
$ 13,010
201
382
111
400
30.900
45.004
$l,419r780
...a......
"See accountants review report"
B
l.lll
$ 4,282
1,700
5,132
393r324
245,377
360,849
133,687
79.849
$lr224,200
$ 5,000
61r756
3 r 177
700
177 r 616
30,595
72,457
23,126
146r439
130.000
$ 650,866
532.541
$ 118,325
$ 10r204
184
58
400
400
30.900
42.146
$1,384r671
..---....=
JONES HARDWARE COMl',. L
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDEQ DECEMBER 31. 1992
NET CASH FLOWS FROM OPERATING ACTIVITIES
Net Income $
Depreciation
Increase in Accounts Receivable (
Increase in Prepaid Expenses (
Increase in Investments (
Decrease in Notes Receivable
Decrease in Inventories
Increase in Accounts Payable
Deorease - Other Current Liabilities
54,663
29r767
69,916)
2,858)
8,194)
lr 440
48r641
45r678
4.112)
NET CASH PROVIDED BY OPERATING ACTIVITIES
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for Purchase of Furniture $
Payments for Delivery Equipment
14,744
21. 810
NET CASH PROVIDED BY INVESTING ACTIVITIES
CASH FLOWS FROM FINANCING ACTIVITIES
Shareholders Income
Decrease in Notes Payable
$( 53r638)
( 7.482)
NET CASH PROVIDED BY FINANCING ACTIVITIES
NET DECREASE IN CASH
CASH JANUARY 1r 1992
CASH DECEMBER 31, 1992
"See accountants review report"
E
$
95 r 109
36,554)
( 61.120)
$ ( 2,565)
5.982
$ 3r417
..a.......
JONES HARDWARE COMPANY
STATEMENt OF REVENUE AND EX~ES-INCOME TAX BAS~S
"ClilThVE MONTHS ENDED DECEMBER 31.... 1993 AND 1992
illJ.
SELLING & DELIVERY EXPENSES
Advertising Home Center
Dues & Subscriptions
Delivery Expenses
Truck Repair
Truck License
Miscellaneous HIC
Wages HIC
Wages-Appliance
Miscellaneous
Miscellaneous Appliance
Truck Lease
Collection Expense
Vacation Pay
Equipment Maintenance
Credit Card Charges
Employee Uniforms
Samples & Books
CONTINUED
$ 32,880
3,346
7,404
3,704
423
823
237,749
28,991
214
Dept. 843
9,307
527
1,582
1,527
6/274
o
3.078
c
~
$
29,528
1/387
8,937
4,759
460
868
207,775
27/321
458
1/006
6,912
o
1/808
1/250
5,527
1,888
3.656
539.064 470.417
$ 345,442 $ 330,582
GENERAL & ADMINISTRATIVE EXPENSES
Executive Salaries $ 27/300 $ 27/750
Office Wages 49,128 46,933
Telephone 10,107 9,806
Postage 3/607 3/479
Office Supplies 14,142 9/645
Computer Expenses 5,698 3/687
Executive Travel 550 1/803
FICA Taxes 38/260 34/576
Pa. Unemployment Tax 8/802 5/747
Federal Unemployment 2/344 2/424
State Capi.tal Stock Tax 4/197 8/361
General Insurance 30/365 28/516
Officers Insurance 7/455 5/451
Employee Profit Sharing 22,404 18/737
Interest Paid 51,926 60,067
Professional Services 7,370 750
Employee Welfare 2/874 4,036
Bad Debts 3,661 43
Contributions 625 348
Bank Charges 1/046 760
Employee Hospitalization 43/017 29,747
Business Privilege Tax 4.892 4.272
339,770 306.938
$ 5/672 $ 23,644
"See accountants review report"
C
JONES_HARDWARE CQ.M.E.AN1
STATEMENT OF REVENU~S AND EXPENSES - INCOME TAX BAi; is.
TWELVE MONTHS ENDED DECEMBER 31. 1993 AND 1992
ill]. . lill
FWD. $ 5,672 $ 23,644
DEPRECIATION
Store Fixtures $ 7,938 $ 6,776
Autos & Trucks 5,035 10,088
Office Equipment 13,985 3,412
Rental Equipment 0 635
Building Equipment 5,757 7,274
Building Improvement 1.582 1.582
34,297 29,767
$ ( 28,625) $ ( 6,123 )
OTHER INCOME
Discounts Earned-Tax $ 2,138 $ 1,891
Discounts Earned-Hardware 7,621 4,426
Cash Over/Short 2,038) 1(168)
Interest 1ncome 593 361
Finance Charges 28,275 21,827
Miscellaneous Income 18 130
Job Credit 1,240 1,171
Co-Op Advertising 5,238 4,515
Gain on Sale of Assets 6,557 0
Rebates 2,247 2,738
Patronage Dividend 41.210 26,168
93.099 62,059
$ 64,4'74 $ 55,936
OTHER EXPENSES
Discounts Allowed-Hardware $ 1,176 $ 980
Loss on Sale of Assets 1,624 0
Miscellaneous 241 293
3.041 1. 273
NET PROFIT TO BALANCE SHEET S 61,~33 S 54.663
"See accountants review report"
J.Qij~ARE COMPA.l-J:Y
~~ATION OF GROSS PROFIT BY DEPARTMENTS
COMBINED
TWELVE MONTHS ENDED DECEMBER 31. 1993 AND 1992
-
D
AMOUNTS
lllJ.
PERCENTS
TO SALES
AMOUNTS
.il22.
PERCENTS
TO SALES
Sales
Less: Returns
$4,152,495 103,06
123,2933.06
$4,029.202 100.00
$3,859,633 102,98
111.813 2,98
$3,747.820 ~JLQ
NET SALES
COST OF GOODS SOLD
Inventory-Beginning
Purchases
Freight In
COST OF GOODS SOLD
GROSS PROFIT
$ 691,272 17.16 $ 739,913 19.74
3,014,790 74.82 2,750,948 73.40
54.876 1. 36 30,156 .80
$3,760,938 93.34 $3,521,017 93.94
728.717 18.08 69}.,272 18.44
3,032.221 75.26 2,829,~ 75.50
$ 996.981 24.74 $ 918.075 24. SO
GOODS AVAILABLE FOR SALE
Less: Inventory-Ending
"See accountants review report"
JQtlE!L.Hl\RDWARE C.QMPANY
QQMPUTATION OF GROSS PROFIT BY DEPARTMENTS
TwELVE MONTHS ENDED DECEMBER 31. 1993 AND 1992
D
1m
l.ill
HARDWARE
Sales
Less: ReturnS
$1,132,850 103.19 $1,072,951 102.78
_34.991 3.19 29,091 -L1.a
$1,097,859 100.00 $1,043,860 100.00
744.747 -U....li 639,9li 61.30
~ 353,11" 32.16 S 403,944 38.70
NET SALES
COST OF GOODS SOLD
GROSS PROP'IT
HOME CENTER
Sales
Less: Returns
$2,658,140 103.34 $2,451,335 103,49
85.979 3.H 82.722 3.49
$2,572,161 100.00 $2,368,613 100.00
1.929.574 75.02 1.878.679 79.32
S 642,587 24.9~ S 489,93i 20.68
NET SALES
COST OF GOODS SOLD
GROSS PROFIT
II See accountants review report II
D
JONES HARDWARE COMPANY
QQMPUJ1lTION OF GROSS PROFIT BY DEPARTMENTS
COMBINED
JWELVE MONTHS ENDED DECEMBER 31. 1994 AND 1993
Al~OUNTS
l.Ui
PERCENTS
TO SALES AMOUNTS
un.
PERCENTS
TO SALES
NET SALES
$5,239,908 103,07
156.167 3.07
S5.083,741 100.00
$4,152,495 103,06
_ 123.293 3.06
$4.029.202 100.00
Sales
Less; Returns
COST OF GOODS SOLD
Inventory-Beginning
Purchases
Freight In
COST OF GOODS SOLD
$ 728,717 14.33 $ 691,272 17.16
3,941,429 77.53 3,014,790 74,82
54.876 1. 08 54,876 1. 36
$4,725,022 92.94 $3,760,938 93,34
727,239 lj.31 728.717 18.08
3.997.783 78.63 -L032,221 75.26
$1.085.958 21.37 $ 996.981 24.74
GOODS AVAILABLE FOR SALE
Less: Inventory-Ending
GROSS PROFIT
'See accountants review report"
D
JONES HARDWARE COMPANX
COMPUTATIQN OF GROSS PROFIT BY DEPARTMENTS
TWELVE MONTHS ENDED DECEMBER 31. 1994 AND 1993
llll
lill.
HARDWARE
Sales
Less: Returns
$1,312,614 $1,132,850
39.816 34.991
$1,272,798 100.00 $1,097,859 100.00
936.972 66.45 744,747 67.84
S 335.826 33.55 S 353,112 32.16
NET SALES
COST OF GOODS SOLD
GROSS PROFIT
HOME CENTER
Sales
Less: Returns
NET SALES
$3,428,736 $2,658,140
114.163 85,979
$3,33.4,573 100,00 $2,572,161 100.00
2.592.549 75.22 1,929,574 75.0Z
S 722.024 24.78 S 642.582 24.98.
COST OF GOODS SOLD
GROSS PROFIT
APPLIANCE
Sales $ 498,558 $ 361,506
Less: Returns 2.188 2.324
NET SALES $ 496,370 100,00 $ 359,182 100.00
COST OF GOODS SOLD 407.660 92.67 303.025 84.37
GROSS PROFIT S 88.710 7.3~ S 56.157 J.5.63
"See accountants review report"
,
JONEf~RDWARE COMPANX B
STATEMENT OF ASSETS. LIABILITIES" STOCKHOLDERS EOUITY - INCOr<1E TAX BAS IS
DECEMBER 31, 1995 AND 1994
~
u.2.ft
ASSETS
CURRENT ASSETS
TOTAL CURRENT ASSETS
$ 38,893
354,761
197,067
20.6,903
138,750'
25,177
123.589
$1.085,140
$ U,
407,
Cash
Accounts Receivable
Inventory-Hardware Department
Inventory-Home Center
Inventory-Appliance Department
Notes Receivable-Vendors
Investments
248,
330,4'"~
148,5::;
31, 45~
93 , :; C ~
51,273,5::'
FIXED ASSETS
Less: Accumulated Depreciation
$ 5,000
61,756
3,1'77
5,600
177,616
37,572
101,820
23,126
',249,738
198,330
$ 863,735
669.465
S 194.270
$ 5,oe:
61,75-
3,1'"-
5,60:
177,6,.::
34,07:
101,8:~
23, l:::
236,48::
159,95~
Land
Leasehold Improvements
Rental Equipment
Land Improvements
Buildings
Delivery Equipment
Building Equipment
Building Improvements
Office Furniture
Store Fixtures
$ 808,62~
614,1""
BOOK VALUE OF FIXED ASSETS
DEFERRED CHARGES
S 194.495
Prepaid Insurance-General
Prepaid Postage Meter Rent
Prepaid Licenses
Prepaid Postage
Prepaid UPS Charges
Prepaid Rent
Prepaid Equipment Maintenance
$
14, 115
239
480
257
400
900
5.795
22,186
$
15, DC
2'")c
3~..
"
5S~
40C
900
5.945
TOTAL DEFERRED CHARGES
TOTAL ASSETS
23,465.
iJ.301.596
Sl,491,492
"See accountants review report"
B
JONES HARDWARE COMPANY
STATE:MENT OF ASSETS. LIABILITIES L5.T.QQJiliOLDERS EO\,lITY:..lll.CQ11R-,J:bLBASIS
DECEMBER 31. 1995 AND 199i
ll2.2.
llli
LLlI.BILITIES
TOTAL, CURRENT LIABILITIES
FUNDED DEBT
Mortgage Payable-Long Term
Less: Installments Due in One Year
$ 194,886
90,000
87,777
64,813
30,204
4,280
20,459
25,904
60,832
16,36Q
S 595,515
$ 4 :; 8 I :2 5~
25/',)0:
127,10:
52,9l:
27,~66
3, 996
22 I 9""' ~
24,560
65,465
22,3l:
CURRENT LIABILITIES
Accounts payable-Trade
Notes Payable-Banks
Notes Payable-Floor Plan
Notes payable-Due in One Year
Notes Payable-Officers
Accrued Taxes-payroll
Accrued Taxes-sales
Accrued Employees profit Sharing
Shareholders Undistributed Income
Customer Deposits
S 800,05~
NET FUNDED DEBT
$ 316,839
_ 64, 8U
_.lll...9.1..2.
$ 290,2~:
52,9l:
~37,r:
TOTAL LIABILITIES
S 847,541
~1.037,~:;'
STOCKHOLDERS EOUITY
CapiLal Assigned to Shares-Common
1,000 Shares @ $100.00/par value
Contributions in Excess of Stated
NET CONTRIBUTED CAPITAL
RETAINED EARNINGS
Free or unappropriated prior to
January 1, 1958
Appropriated subsequent to January
1, 1958
Stock
$ 100,000 $ 1.00,00
Value 327,337 327,3:;
$ 427,337 L4~~ "
~~
TOTAL RETAINED EARNINGS
$ 411,523
260.167
151.356
$ 'Ill,S:
--2.~J 6
151. 3:;
TOTAL STOCKHOLDERS EQUITY
TOTAL LIABIl,ITIES & STOCKHOLDERS
EQUITY
$ 578,693
124.638
454,055
$ 578,69
124,6:;
Less: Treasury Stock-250 Shares @ Cost
454,05
Sl.301.596
Slt491.4~..;
"See accountants review report"
"'-,.
D
JQNES Hl\RDWARE COMPANY
COMPUTATION OF GROSS PRQfIT BY DEPARTM.ID':ITil
CO~1B I NED
TWELVE MONTHS !';NDED DECEMBER 31. 1995 AND 1994
NET SALES
~ l.22i
PERCENTS PERCENTS
AMOUNTS TO SALES AMOUNTS TO SALES
$5,114,148 102.81 $5,239,908 103,07
139,655 -'-...tl 156,167 3.07
~ 974,493 100,QQ $5,083,741 1,00,00
Sales
Less: Returns
COST OF GOODS SOW
COST OF GOODS SOLD
$ 727,239 14,62 $ 728,717 14,33
3,511,020 70,58 3.941,429 77.53
57.348 1.15 54,876 ----1,.....Q.!l.
$4,295,607 86,35 $4,725,022 92.94
542.720 10.91 727,23~ 14.31,
3,752,887. 75,44 3,997,783 78.63
il.221.606 24.56 Sl,085,958 21,3.1
Inventory-Beginning
Purchases
Freight
GOODS AVAILABLE FOR SALE
Less: Inventory-Ending
GROSS PROFIT
"See accountants review report"
JONES HARDWARE COMPANY
COMPUTA,TION OF GROSS PROFIT BY DE~
TWELVE MONTHS ENDED DECEMBER 31.~995 AND 1994
D
AMOUNTS
1m
PERCENTS
TO SALES
AMOUNTS
U.2.i
PERCENTS
TO SALES
HARDWARE
Sales $1,137,670 $1,312,614
Less: Returns 40.M1 _39,816
NET SALES $1,097,323 100.00 $1,272,798 100.00
COST OF GOODS SOLD 745,467 67.94 936,972 66.45
GROSS PROFIT S :l~l, 856 32.~ S 335,826 ~3. 55
HOME CENTER
Sales $3,437,527 $3,428,736
Less: Returns 94,498 114,163
NET SALES $3,343,029 100.00 $3,314,573 100.00
COST OF GOODS SOLD 2.507,319 _,1.2....QQ 2,592~ 75.22
GROSS PROFIT $ 835,710 25.00 S 722,024 24.78
APPLIANCE
Sales $ 538,951 $ 498,558
Less: Returns 4 .....tiQ. 2,188
NET SALES $ 534,141 100.00 $ 496,370 100.00
COST OF GOODS SOLD 442.753 82,89 407.66Q, 92.6.1.
GROSS PROFIT S 91.388 17.11 $ 88.710 7.33
"See accountants review report"
JONES HARDWARE~QMEAllX
B
STATEMENT OF.~~SETS, LIABILITIES & STOCKHOLDE~S EOUITY-INCQME TAX BASIS
DECEMBER 31. 1996 AND 1995
LIABILITIES
CURRENT LIABILITIES
Accounts Payable-Trade
Notes Payable-Banks
Notes Payable-Floor Plan
Notes Payable"Due in One Year
Notes Payable-Officers
Accrued TaxeS-Payroll
Accrued Taxes-Sales
Accrued Employees Profit Sharing
Shareholders Undistributed Income
Customer Deposits
~
ill2
TOTAL CURRENT LIABILITIES
$ 440,616
.0
130,704
64,813
2,694
.3,647
19,571
34,578
106,756
18.272
$ 821. 651
$ 194,886
90,000
87,777
64,813
30,20..
4,280
20,459
25,904
60,832
_16,360
$ 595,515
FUNDED DEBT
Mortgage Payable-Long Term
Less: Installments Due in One Year
NET FUNDED DEBT
TOTAL LIABILITIES
$ 278,622
64,813
213,809
$1,035.460
$ 316,839
64,813
STOCKHOLDERS EOUIT1
Capital Assigned to Shares-Common Stock
1,000 Shares @ $100.00/par value $ 100,000
Contributions in Excess of Stated Value 327.337
252,026
$ 847 ...ii1
$ 100,000
327.337
NET CONTRIBtITED CAPI~AL
$ 427,337
$ 427.337
RETAINED EARNINGS
Free or Unappropriated prior to
January 1, 1958
Appropriated subsequent to January
1. 1958
Insurance Recovery-Shareholder
TOTAL RETAINED EARNINGS
$ 411,523
( 260,167)
50,353
201.709
$ 629,046
124.638
504.408
$ 411,523
260,167)
o
15~,356
$ 578,693
124, 9..la
454.055
Less: Treasury Stock-250 Shares @ Cost
TOTAL STOCKHOLDERS EQUITY
TOTAL LIABILITIES & STOCKHOLDERS
EQUITY
$3..539.8,"
Sl.301.596
"See accountants re'lit:iw report"
JONES HARDWAR~MPANY C
S,TAT]lliENT OF ~.EVENUES AND EXPENSES - INCOME TAX BASIS
TWELVE MONTHS ENDED DECEMBER 31, 1996 AND 1995
ll.ll ~
SELLING & DELIVERY EXPENSES (CONT. )
Truck Repair $ 6,096 $ 6,916
Truck License 573 419
Miscellaneous Home Center 9,650 4,141
Wages Home Center 361,580 331,761
Wages Appliance 53,252 53,97:1.
Miscellaneous 3,155 3,458
Miscellaneous Appliance Dept. 4,745 1,839
Truck Lease 5,369 5,391
Collection Expense 2,355 1,388
Equipment Maintenance ;254 315
Credit Card Charges 10,933 10,981
Samples & Books 2,244 3,707
672,734 659.059
$ 592,133 $ 444,95-1
GENERAL & ADMINISTRATIVE EXPENSES
Executive Salaries $ 32,400 $ 31,200
Office Wages 62,212 58,257
Telephone 11,349 11,370
Postage 5,193 4,412
Office Supplies 15,274 13, 941
Computer Expenses 15,998 11,527
Executive Travel 6,231 6,133
FIC'.A Taxes 49,535 48,965
Pa. Unemployment Tax 8,918 10,486
Federal Unemployment 2,958 2,995
State Capital Stock Tax 3,675 5,015
General Insurance 39,817 40,675
Officers Insurance 11,778 10,314
Employee Profit Sharing 41,838 28,540
Interest Paid 43,57J 49,129
Professional Senrices 3,055 900
Employee Welfare 9,881 8.087
Bad Debts 82,269 31,769
Contributions 3,792 6,046
Bank Charges 487 . 294
Employes Hospitalization 49,576 56,662
Business PriVilege Tax 6.512 6,749
506,31B. 443,466
$ 85,815 $ 1,488
II See accountants reVlew report II
,;[Q.tlES. HARDWARE COMPANY
COMPUTATJON OF GROSS PROFIT BY DEPARTMENTS
D
QI.MI\l.tlE.Q
TWELVE MONTHS ENDED DECEMBER 31. 1996 AND 1995
AMOUNTS
~
PERCENTS
TO SALES AMOUNTS
~
PERCENTS
TO SALES
Sales
Less: Returns
$5,258,116 103.09
157.541 3.09
$5,100,575 100.00
$5,114,148 102,81
139,655 2.B1
S4,974,493 100.00
NET SALES
COST OF GOODS SOLD
Inventory-Beginning
Purchases
Freight
COST OF GOODS SOLD
GROSS PROFIT
$ 542,720 10.64 $ 727,239 14,62
3,626,661 71.10 3,511,020 70.5B
58,682 1.15 57,348, 1.15
$4,22B,063 82.89 $4,295,607 B6.35
586,679 ....lL.5.Q. 542.720 10 91
3.641.384 71,39 3,752,887 -1..5....ii
$1.459.191 28.61 $1.221.606 -14.56
GOODS AVAILABLE FOR SALE
Less: Inventory-Ending
II See accountants review report II
!..' /'C' -) (I'
.') ),1 - /
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT ~F REVENUE
()
BUREAU OF INDIVIDUAL TAXES
INltrR1IANCE 'ilK OIVISION
tJtPT, 21'10601
ftARRISBURO, PA 1'128-0601
NOTICE OF INHERITANCE lAX
APPRAISEMENT, ALLOWANCE OR DISALLOWANCE
OF DEDUCTIONS AND ASSESSMENT OF TAX
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
11- 03- 97
JONES
09-24-96
21 96-0817
CUMBERLAND
101
l~=~~~~lo==~"i'~T~== j
MAilE CHECK PAYABLE AND REMIT PAYMENT TOl
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~
iffY': isci;" EX"- AF'ji" f liii:m- -ilcir-icE- -OF - "fNHEiiiTAN"cE- TAiOiP"piliii sE;';Eil:r-;- Al. UiWAN-CE - iili-- -- - --- -"" - - - - --
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
RICHARD J FILE NO. 21 96-0817 ACN 101
ST ANLEY A SMITH
RHOADS & SINON
PO BOX II 46
HBG
ESQ
PA 17108
ESTATE OF
JONES
TAX RETURN WAS,
I ACCEPTED AS FILED
RESERVATION CONCERNING FUTURE INTEREST " SEE REVERSE
APPRAISED VALUE OF RETURN BASED ONI ORIGINAL RETURN
1. Rual Est.te (Seh~dul. Al
2, stocks and Bonds (Schedule 01
!, Clonely Held stock/Partnership Int.r8~t (Schedule Cl
4, l1ortgaglls/Nol.s Raceivable lSchadula D)
5. Cash/Bank Deposits/Misc. Parsonal Property (Schedule El
6. Jointly Owned Property (Sehudula F)
7. Transfers (Schedula Ol
8. Total Assats
I X I CHANGED
SEE
(II
( 21
131
141
151
1&1
171
,00_
.00
468.536.91
.00
2,297,00
893, II
17.591.00
(8)
APPROVED DEDUCTIONS AND EXEMPTIONS I
9, funeral Expanses/Adm. COllts/Mhc. Expenses ISoheduh H)
10. Dabts/Hortgage Liabiliti../Liens (Schedule X)
11. Total Daductionl
12. Net V.lue of Tax Return
13. Charitable/Goy.rnm.nta1 aaque.tsJ Non-.lected 9113 Trust. (Schedull J)
14. Net Value of Est.t. Subject to Tax
If an assessment was issued previously, lines
reflect figures that include the total of ALL
ASSESSMENT OF TAX:
15. Amount of Lina 14 at Spousal
16. A~ount of Lina 14 taxable at
17. Amount of line 14 taxable at
18. PrincipII Tax Due
NOTE:
rat.
Line.l/tIft's A rat.
Coll.taral/CI... 8 rat.
TAX CREDITS:
r-Pi;y'i1ENT --
DATE
-12-::211~96
RECEIPT
NUMBER
- AAfllt,983
DISCOUNT I')
INTEREST/PEN PAID I-I
'-'-W'39 ,29
43,309,25
30.662.44
III I
(12)
113 )
114 I
(91
(10)
r-ff;,".~~' .-!~
I', ' f;,
r:fJ~~. ~
IIV.II.1 (III' 1"."1
RICHARD
J
DATE
ATTACHED
11-03-9'1
NOTICE
NOTE: To insure proper
credit to ~Qur account,
submit th_ uppal' portion
of this form with ~our
tax payment,
489,318,02
73.971 62...
415,346.33
.00
415,346.3~
14, lS and/or 16, 17 and 18 will
returns assessed to date.
1151
11&)
117 I
2,250.00 X ,00,
413 , 096 , 33 X . 06,
.:.!Q. X .15,
(181
.00
24,785.78
,00
24,785.1.IL
.---- -_.._-'------~'~ -'_.._~~.
TOTAL TAX CREDIT 26,239.29
BALANCE OF TAX DUE 1.453.5ICR
-~.._- -- ---~._----.._-.._..
INTEREST AND PEN. .00
_.__.-.----------- .-.-.-
TOTAL DUE J,453.5ICR
...._________ n.___'__ ,______'____nnn~'_'_'__,_J
AMOUNT PAID
25,000,00
. IF PAID AFTER DATE INDICATED, SEE REVERSE
FOR CAI.CUI.ATIDN OF ADDITIDNAL INTEREST.
IF IOTAL DUE IS I.ESS THAN $I. NO PAYMENT IS REQUIRED.
IF TOUL DUE IS REFLECl'ED AS A "CREDIT" ICR), YOU MAY BE DUE
A REFUND, SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS, I
plJlPOSl! OF
NOTICF.1
PAVIENTI
REFlJrrlO (CR11
I
l"
(',
~h_
To f1JUIl! \hie r..,lrllllnt, of Section 214S (b) of the InhtrltlnCl Ind Elt,t. TaM Act, A"t 21 of 1995. (72 P,S.
$MUon 914S).
D.tach thl top portion of thit Notice atld lubIllt with ~our Ply.."t to the Rqhtlr of willi prlnt~ on th_
rlvarlll llde.
-- Hake cMck or 110M)' order payabll tOI REGISTER OF HILLS, AGENT.
A refund of a hlC cr.alt ..y be rltqUe.tad by cOllPlet1ng 8n "AppUclltlon for R.fund of Penn,vlvanla
Inheritance and Eltat. TIM" (REY~Ul!lJ. AppllcltJonl fire lIyallftbl. .t the Offlol of thl Rtglttlr of WUlI,
any of thl> 25 R.y~ Dhtrlct Offlc,. or 'rOIl thl o.part..nt't1 Zit-hoUr an'Wlrlng larylc. nuIltM;r. for fori' ord,rlnQl
In P""'Vlvltl"lh 1~800-Ml2-20S0, outllde P,nn,vlVWlla end withIn local Harrhb\lru ar.. (117) 787-8094,
TOOl (717) 772-2252 (Harlnv I.ll"e<t Onh'J,
OIJECTIOHSI Any pl,'ty In Inhr..t not ..thUld with the u......nt of tIlt ft. shown Otl thlt notlcl uy objlot with1n
sIKty (60) days of rlolIpt of thh HoHo. byl
--writtln protut to the PA Depllrt.."t of R.vlnlHt, Board of Appeals, Dept. 241021, HerrllbUr" PA 17121.1021, OR
--Ilectlng to have the Att.r d.Urllned lit ult of the Plr.onal rapr.....t.Hv., OR
--eppeal to tM DrphM" Court
AOtnM-
ISTRAT1!JE
CORRECTIONS I
PENAL TV I
INTEREST I
feotuel .rror. dls.covlred on thh rII......,t should be addr..." In ",rlUno tal PA DepartHnt of "'VItnlJl,
Bur.au of IndIvidual TaXI', ATTNz Po.t h......"t Rlvl.., lkllt, Dept. 280601, Harrhburg, PA 17128-0601,
Phona (711) 747-6505. $.. plt{le 5 of tM booklet "'In.truotlOl'l' for Im.r1t8nCe TII)( Return for. R..1dent
OIc.a.nt~ (REV-ISOl) for 8M .~lanatJ~ of ea.lnl.tr.tlvaly corrletlbl. error..
The 15;( to MWMl.ty non-pllrtlclPlltlon ~1ty I. cOllpUt.... on the total of the tp and Intllrut a.....lKt, and not
p.ld baforl J...u.ry II, 1996, the first day Ilftar the and of the tltX MrlIlty period. ThJt non-p.rUolpltlon
panelt\' I. appaftlllble In tM AMI NnnIr nod In ttM the .... tl.. period al you MOUld IIppMl the tax n Interut
that hat bien ".....ed III IOOlc.tlKl 00 thh notl.,..
Addltl~l P~'Ylvanlll E.tllt. TftX a.....ad a. _ r..ult of Il change on ~ Fldlral E.t_to TaM ClOllng
I.tt.r bIoeOMI dallf'fql.Wlt at the l.ltplrfltlon of 001 (1) .nth fr~ the dati the flMl notice of the lMr...
In Fedlr.l Eat.h T8)I It rllCOlv~.
TIKI' whIch be<c_ dIIllnquent bIIfora J~ry 1, 1912 bMIr lntlr"t at the r.t. of IlK (lX) percent per ......
.c.lculated at a dalh rat. of .000164. All taxa. which *... d1l1nquent on or aftar JlnI.Mlry I, 19AZ Mill air
lntar..t nt a rata which wIll vary fr~ calendar y'~r t~ calender y..r with ~t rat. announced by the PA
o.p.rtlMlnt of RavllnUe. The IIPfIllcablt Inter..t ratlll for 198Z throuW1 1994 Ilral
'!!!r Int.rl.t Hate Deily Iflterllt FMltor ~ ~~t! Dally Interllt FltOtor
1912 lOX .000544 1917 'X .OOO2~7
1911 16X .000~38 19i11-l9'91 llX .000301
1... It:( .000301 19'91, 'X .0001.~7
1945 UX .000356 199!~1994 '" .000192
\9" lOX .000Z7~ 1995-1991 .X ,0OllZn
~~lnter..t h calculatld .. foliOM81
II~T " BALANCE OF TAX UNPAID X HUHBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR
--Any Notlc. hltUed after tM tp becOM' doIl1nquant will r,filet 8n Interllt ~lculatlon to f1ft"" nS) din
Myond the date of the ......Hnt, If payant h IIede Iftar the Intar..t cOllpUhtlon dat. thown (In thIl
Notlea, add I tlCM'\IlI Int.rut. ....t be talcuhtld.
WHIlRICAS, ,'ARM,;RS 1'I\U'sT COMPANY renounced its right to serve as Co.,
Trustee, leaving Daniel M. Jones to serve as sole Trustee; and
WHJIlRICAS, death tax returns have been filed and administration of the
estate is complete; and
WHIlRICAS, t.he undersIgned desire that dIstribution of the estate be
made without the expense, delay and formality of a court accounting; and
WHIlRICAS, the Executor is willIng to consent to making such
dlstrlbuticns upon receipt cf a proper approval of account, receipt, release and
indemnification, which it is the purpose of this Agreement to provide.
NOW THEREFORIC, the undersigned, ,jointly, separately and seVerally, for
themselves, their hell'S, admInIstrators, and aJSignsl
1, State that they have examined the First and Final Account which
Is attached hereto as ExhIbIt "A" (the "Account") and approve the transactions set
forth or proposed therein (and the admInIstration of the Estate generally) as
though they were contaIned in a formal Accounting whIch had been confIrmed
absolutely by the Court having jurIsdiction over the Estate.
2, State that they have examIned the Statement of Proposed
Distribution attached to the Account and they approve the distrIbutions proposed
thereIn as though they were ordered by the Court having jurisdiction over the
Estate,
3. WaIve the filing of the Account in any Court and agree that any
Court hiving jurisdiction over the Estate moy confirm the Account.
4, AcknOlvledge receipt from the Executor of the .assets shown as
dIstrIbuted or distributable to them In thn said Account or Statement of Proposed
Distribution in absolute payment of full satlsfaotion of the bequests to the
undersigned under Decedent's Will,
- ,2 -
5. Do hereby absolutely and irrevocably release, remise, quitclaim
and forever discharge the said Executor, his heirs and personal representatives,
of and from all actions, suits, payments, accounts, reckonings, claims and damands
whatsoever for or by reason of his acUons ~s Executor, as set forth in the
Account.
6, Do hereby release all real estate of the Decedent and of the
Executor from all liens, claims, actions, suits, payments, accounts and demands
whatsoever for or by reason of his actions as Executor, as stated in the Account.
7, Do hereby absolutely and irrevocably release the Executor from
filing any Account, Petition for Distribution or other document with the Court of
Common Pleas of Cumberland County, Pennsylvania, or in any other jurisdiction in
connection with the Estate of the said Decedent,
8, Do hereby agree that if, at any time in the future, the said
Executor receives any demand or claim f~r any amount claimed to be due and owing
from him, as Executor, and approves said demand or claim, they shall, at the
request of the said Executor, pay to the said Executor the amount of any such
demand or claim, or if it has been paid by the said Executor, then reimburse him
for the amount paid by him, provided that the amount of such requested payment or
reimbursement shall not exceed the total of the assets paid or distributed by suid
Executor to the undersigned beneficiaries as set forth in the attached Account.
9, Do hereby agree to indemnify the Executor nnd hold him harmless,
to the extent of the Estate assets received by them, from and against any and all
claims, lOSS, liability or damage (including legal fees nnd costs) which he may
suffer or to which he may be subjected by reason of the administration of the
Estate or the distribution of the assets of the estate without having formal
approval of the Court of Common Pleas, Orphans I Court Division, of Cumberland
County, Pennsylvania, or any other jurisdiction,
- 3 -
K8'::EI P'I'S SUBSEQUENT TO INVENTORYl
10/28/96 I.loan to Estate from Daniel Jon~s
11/04/96 Loan to gstate from I)aniel Jonas
12/18/96 1,oan to Estate from Daniel Jones
02/19/97 Blue Cross/Blue Shield refund
04/03/97 Lean to Estate from Daniel Jo~es
07/14/97 Loan to Estate from Daniel J6nes
07/23/97 Loan to Estate from Daniel Jones
10/21/97 Loan to Estate from Daniel Jonas
12/04/97 Refund, Colonial Penn Insurance
02/12/98 LOf.ln to Estate from Daniel Jones
03/25/98 Liberty Lending Refund
04/02/98 Loan to Estate from Daniel Jones
S.\1 ver Springs Theaters, Inc. -
Distribution of accumulated income
to shareholders
Out of State Real Estatel
One-half undivided interest in
1400 Redbud Street, MoAllen, TX
(oommunity property)
TOTAL RECEIPTS OF PRINCIPAL
300,00
7,500.00
25,000,00
201.15
2,000,00
1,000,00
700,00
700,00
413, 90
3,000,00
305.30
3,000.00
GAIN OR LOSS ON SALES OR OTHER DISPOSITION - PRINCIPAL
11/17/98
Sold
62'.5 ."hs, Jones Hardware common stock
Net prooeeds
Inventoried @
42,002.91
37,837.91
Net gains
- 4 -
Gain
~,165.00
il~2
44,120.35
53,030,28
48,250,00
ll6f 234 .54
~
0.00
~