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I' :' II _ ~ ' ' ;; i -; , fl I :! ii , " " 'I' ': ::\ I r- ;1:> 'l J: II:,:' 1\ 'i! 1!1 ',: II: :, '~ II', i "I 1 j",j Ii I,' ; 1:li Ii , " , 'I , , ^ 'I , " 'I ',I , , " w...u...L I, HELIJ:N SMYERS COLE, of Carlisle, Cumberland County, Pennsylvania, deolare this to be my last will and revoke any will previously made by ml!\. ITEMONEl 1 direct that all my debts and funeral expenses, including my gravemarker shall be paid from my residuary estate as soon as practicable after my dece/l.se as a part of the expense of the administration of my estate. ITEM TWO. 1 give, devise and bequeath my personal and household effects to my husband, LEONARD CHARLES COLE. lfmy husband does not survive me, then I give, devise and bequeath all of my personal and household effects to my children, LINDA LOU COLE GOLDINGER, CINDA SUE COLE SHANNON, and LEONARD MICHAEL COLE, equally, per stirpes. ITEM THREE: I give, devise and bequeath my Cole' s Bicycles, Inc. shares of stock to my children, CINDA SUE COLE SHANNON and LEONARD MICHAEL COLE, equally, per stirpes. ITEM FOUR, I give, devisE.! and bequeath TEN THOUSAND DOLLARS ($10,000.00) in cash to my daughter, LINDA LOU COLE GOLD INGER and her husband, LESLEY GOLDINGER, share and share alike, per capita1 TEN THOUSAND DOLLARS ($10,000.00) in cash to my daughter, CINDA SUE COLE SHANNON and her husband, KEVIN SHANNON, share and share alike, per capital 1 and TEN THOUSAND DOLLARS ($10,000.00) to my son, LEONARD MICHAEL COLE and his wife, JACKIE L. COLE, share and share alike, per capita. ITEM FIVE, I give, devise and bequeath all the rest of my assets to be divided between my husband and the trust described below and referred to in this Will as the Helen Smyers Cole Trust, as follows: A. I give, devise and bequeath to my husband, LEONARD CHARLES COLE, an amount equal in value to (i) the unlimited federal estate tax marital deduction allowable to my estate minus (i.i) the value for federa.l estate tax purposes of all items in my gross estate which qualify for the deduction and which pass or have passed from me to my wife in a form qualifying for the deduction otherwise than under this gift. In making the computations necessary to determine the amount of this gift, values as finally determined for federal estate tax purposes shall be used. This gift shall be reduced by the amount, if any, needed to increase my taxable estate to the largest amount that will result i.n no federal estate tax being payable by my estate, after allowing for the unified credit against the federal estate tax but no other credit. It is my intent that the bequest under this ITEM FOUR A. shall qualify for the marital deduction for federal estate tax purposes, and that the provisions of this IV111 relating to the marital deduction shall comply with Section 2056 of the Internal Revenue Code. Neither my Executor nor the 'rrustee shall take any action or have any power that will impair the marital deduction, and all provisions of this Will regarding the marital bequest, shall be interpreted to conform to that objective. B. I give all of the remainder of my estate, including any of the above gifts that lapse ("my residuary estate"): -1i ~ c. PAGE ONE OF SEVEN PAGES 1. rf my husband, LEONARD CHARLES COLE, survivos me, to the Trustee of the Helen Smyere Cole Trust. 2. If my husband, LEONARD CHARLES COLE, predeceases me or is not then living on the 61st day after my death, then I give, devise and bequeath my residuary estate to my children, LINDA LOU COLE GOLDINGER, CINDA SUE COLE SHANNON, and LEONARD MICHAEL COLE; equally, per stirpes. 3. The gift to the Trustee of the Helen Smyers Cole Trust shall constitute the trust estate of the trus't for the exclusive benefit of my husband. a. During my husband's lifetime, the Trustee shall dbtribute all of the net inoome of the trust to my husband in monthly or in other convenient installments, but in no event less often than annually. In addition, the Trustee at any time and from time to time may distribute to my husband or apply for his benefit so muoh or all of the trust estate as, in the 'l'rustee' s discretion, is sufficient to provide for my husband's need for health, support and maintenance in the standard of living to which he was accustomed at my death, taking into consideration any other sources of support (both principal and income) which my husband may have to the knowledge of the Trustee. b. The trust shall terminate when my husband has died. Upon termination, the trust estate shall be distributed to my children, LINDA LOU COLE GOLDINGER, CINDA SUE COLE SHANNON, Bnd LEONARD MICHAEL COLE, equally, per stirpes. 4. Any portion of my residuary estate whioh would be distributable to a beneficiary who is under age 25 shall be distributed to the 'l'rustee of a Contingent Trust. Each beneficiary 's portion so distributed shall be held and administrated as a separate trust for that beneficiary. a. The Trustee may distribute to the beneficiary, from time to time, so muoh or all of the trust estate as, in the Trustee's discr.etion, is in the beneficiary's best interest. b. The trust shall terminate when the beneficiary bscomes age 25 or dies before that age. Upon termination, the trust estate shall be distributed: (1) To the beneficiary. (2) If the beneficiary is not then living, to such one or more persons or corporations, including the beneficiary's estate, as the beneficiary appoints by a will in which he specifically refers to this power of appointment. If or to tho extent that the beneficiary does not effectively exercise his power of appointment, the trust estate shall be distributed: .1Ls..L..... PAGE TWO OF SEVEN PAGES (a) To the beneficiary I II delloendants. o. Notwithlltll.ndirig the fongoing, no trullt IIha11 continue for a period longer than 21 yearll after the death of the last to die of my husband and all of my desoendants who were living at my death. Any trust still in force at that time shall terminate, and the trust eEltate shall be distributed to the beneficiary. 5. No beneficiary shall have the power t.o appoint or to anticipate, encumber or transfer his interest in any trust estate in any manner other than by the valid exercise of the power of appointment. No part of any trust estate shall be liable for or charged with any debts, contracts, liabilities or torts of a beneficiary subject to seizure or other process by any creditor of the beneficiary. 6. ~arital Deduct,ion Gift. 'l'he Executor may satisfy the marital deduction gift by making distributions of cash or in kind, or by making distributions partly of cash and partly in kind. In making distributions in kind, assets are to be valued at their date of distribution value. In no event shall the gift be satisfied with the property or the proce8ds of property with respect to which the federal estate tax marital deduction would not be allowable if the property or the proceeds thereof were so used, and the amount of the marital deduction gift shall be reduced. to the ('xt.ent that it cannot be sat.isfied with property that qualifies for the deduction. It is my intention that any assets in the Helen Smyers Cole Trust shall not qualify for the federal estate tax marital deduction. To this end my Executor shall not elect under Internal Revenue Code Section 2056 (b) (7) or any comparable section in effect at my death for the assets in the Hehm Smyers Cole Trust to qualify for the federal estate tax marital deduotion. 7. Distributions Durin~dministration. Prior to final distribution of my estate (which shall not be unreasonably postponed by the Exeoutor), the Executor in his discretion may make partial distributions to one or more beneficiaries or trusts. As a consequence, the executorship and any trust created under the Will may exist contemporaneously. A distribution may be made subject to any indebtedness or liability of my estate. B. Distributions to or for Beneficiaries. During the term of a trust, the Trustee may make any distri.bution from the trust (i) to the beneficiary, (ii) to a person furnishing support, maintenance or education for the beneficiary or with whom the beneficiary is residing or the beneficiary I s use, or (iii) to a custodian for a minor beneficiary, as selected by the Trustee, under the Uniform Gifts to Minors Act of any state. Alternatively, the Trustee may apply the distribution for the beneficiary's benefit. If any beneficiary of the gift of personal and household effects is under a legal disability, the Executor may follow any of the above methods in making distribution of that benefi.ciary's share of the gift. The Executor may -YS C. PAGE THREE OF SEVEN PAGES alia lell all or part of suoh benefioiary' I Ihare of porlonal and household effeots and then follow any of the above methods in making distribution of the sale prooeeds. Any distribution under this disoharge of the Exeoutor thereto. paragraph shall be a f.ull or Trustee with respeot ITEM SIX I estate. appoint rights, I appoint my husband, LEONARD CHARLES COLE, Exeoutor of my Should he fail to qualify or oease to aot as Exeoutor, I FARMERS TRUST COMPANY, to act as Executor with the same powers and duties. ITlM SMN, I appoint my husband, LEONARD CHARLES COLE, as Trustee of the Helen Smyers Cole Trust. If my husband, LEONARD CHARLES COLE, is unable or unwilling to act Qr to continue to act as the Trustee, then I appoint FARMERS TRUST COMPANY, as the Trustee with the same powers, rights, discretions, obligations, and immunities ^ I appoint FARMERS TRUST COMPANY as Trustee of any Contingent Trust. ITEM EIGHT: All eatate, inheritance, succession and other taxes, imposed or payable by reason of my death, and interest and penalties thereon, with respect to all property comprising my gross estate for tax purposes, whether or not such property passes under this Will, shall be paid out of the principal of my residuary estate, without apportionment or right of reimbursement. ITEM NINE: I direct that my personal representative or any trustee shall not be required to give bond for the faithful performance of their duties in any jurisdiction. ITlM TEN: A. The Trustee shall not be required to obtain authority or approva,l of any court in the exercise of any power permitted under this instrument. The Trustee shall not be required to file accountings with any court. B. No person dealing with the Trustee shall be obligated to inquire into the Trustee's power or authority or into the validity of any act of the Trustee, or be liable for the application of any money paid to the Trustee in the management of the trust funds. C. Any trust created hereunder which has t.he aggregate principal value of $10,000 or less may, but need not be, terminated in the discretion of the Trustee. In such event, the Trustee shall distribute the assets thereof in his possession to the then-current beneficiary or beneficiaries of the income and, if more than one beneficiary is so entitled, in the proportions in which they are beneficiaries. ITEM ELEVEN: In addition to any powers given by law or otherwise, and not by way of limitation of any such powers, my Executor and Trustee are authorized and empowered, at anytime and from time to time, in their absolute discretion: A. To hold and retain all or any property reoeived from my estate or any other source, without regard to any law or rule of court concerning diversification, risk, or non-productivity. .J.1 ~ (\ PAGE FOUR OF SEVEN PAGES B. To invest and reinvest (or leave temporarily uninvested) any funds in any property, real or personal, of any kind or nature, inoluding, without limitation, stooks (whether oommon, preferred, or other\dse l , bonds (secured or unsecured) , obligations, mortgages, other sBcurities, and interests in any of the foregoing without regard to any law or rule of court prescribi.ng or restricting investments for fiduciaries. C. To make any loans, either secured or unsecured, in amounts, upon such terms, at such rates of interest, and to persons, firms, or corporations, as deemed advisable. such such D. To sell, exchange, partition, or otherwise dispose of any property, real or personal, at public or private sale, for such purposes and upon such terms, including options and sales or credit, with or without security. E. To mortgage any real property in such amount and on such terms as deemed advisable; to lease any such property for such term or terms, upon such conditions and rentals, and in such manner as deemed advisable, irrespective of whether the term of any lease shall exceed the period permitted by law or the probable period of any trust created hereby, and to renew or modify any such. leases; and to make repairs, replaoements, and improvements, structural or otherwise, of any such property, and to charge the expense thereof in any equitable manner to principal or income, aR deemed proper. F. To borrow money for any purpose in connection ~li th the administration of my estate or any trust created hereby; to execute promissory notes or other obligations for amounts so borrowed, and to secure the payment of any amounts so borrowed by mortgage or pledge of any real or personal property. G. To renew or extend the time of payment of any obligation, secured or unsecured, payable tv or by the estate of any trust created hereby for !IS long a period or periods of time and on such term as deemed advisable; and to adjust, settle, compromise, and arbitrate claims or demands upon such terms as deemed advisable. H. In respect of any stock or other securities forming part of my estate or any trust created hereby, to vote upon any proposition or election of any meeting and to gI"ant proxies, discretionary or otherwise, to vote at any such meeting; to join in or become a party to any reorganization, readjustment, merger, voting trust, consolidation, or exchange, and to deposit any such securities with any committee, depository, trustee, or otherwise, and to payout any fees, expenses, and assessments incurred in connection therewith, and to charge the same to principal or income as deemed proper; to exercise conversion, subscription, or other rights, or to sell or abandon such rights, and to receive and hold any new securities issued as a result of any such reorganization, readjustment, merger, voting trust, consolidation, exchange, or exercise of conversion, subscription, or other rights; and, generally, to take all action in respect to any such securities as could be done by an absolute owner. I. Whenever required or permitted, to divide or distribute any property, and to make such division or distribution in kind or in money, or in part kind and in part money and without regard to the income tax basiR of any such property. J. To allocate receipts, diSbursements, and losses to principal or to income, in acoordance with generally accepted accounting principals. PAGE FIVE OF SEVEN PAGES J.I oS c. l<. In oonnectionwi th making investments, to determine whether to amortize premiums in whole or in part. L. To hold and administer the truets created hereby in one or more Oonsolidated funds, in whole or in part, in which the separate trush shall have undivided interests. M. To engage attorneys, accountants, agents, custOdians, clerke, investment counsel, and such other persons as de<!lfied adVisable, to make SUch payments therefor as deemed reasonable, and to charge the expense thereof to income or principal as equi to.bly detel'mined, and to delegate to SUch persons any discretion deemed proper. N. To exercise all power and authority, inclUding any discretion, conferred in this instrument, with respect to all aCcumulations of income under this instrument and with respect to all property held under a POwer in trust. O. To exercise all pOwer and authority, inClUding any discretion, conferred in this instrument after the termination of any trust created herein and until the same is fully distributed. IN WITNESS WHEREOF, ~I'I I have hereunto set my hand this ..L.m Ii. day of ' 1997. SIGNED HEllN' ~~~R~"6LE~ ~ '\Q. (l. C?,., The preceding instrument, consisting of this and eix other typewritten pages each identified by the signature of the Testatrix was on the day and date thereof signed, pUblished and declared by the Testatrix therein named as and for her last will, in the presence of us, who at her request, in her. presence and in the presence of each other have sUbscrij?jl.9 our names. /-6' " ~, . \Qc) 0( 11:(,-, r-~bL( - '- - COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND (~"'i\ftJ~4" (, f/()I))~"" and S!-(uc/c; L. fV(u("!'f..(! wi tnesses whose names are s.i.gned to the attached or foregoing instrument. being duly qualified according to law, do depose and say that we were present and BaW the Testatrix sign and execute the instrument. as her last will; that she signed Willingly and executed it as her free and voluntary act for the purposes therein eXpressed; that each of us in the hearing and sight of the Testatrix signed the will as witnessss; and that to the best of our knOWledge, the Testatrix Was at the time 18 or more years of age, of "'od miod 'od 'od., 0' ,oo't"~d"e iOfl,.o,.. 6~~-== V;~J c;{-! t(L, ~/AJJ PAGE SIX OF SEVEN PAGES ss 1!1 ~n ~ G- 1\'1 .3 ~fVI!i-'lf~'II.rl J1~"\.l. COMMON~sYl.VANIA DI'PARTMfNT Of REVHIUf OfrT 160001 REV -1500 INHERITANCE TAX RETURN RESIDENT DECEDENT FILS HUMBER ~ 9 7 0 0 4 9 I DECEDENT'S tW.If (lAST, FIRST, ANOMIOOlF: INITIAl) un ,blri tilrX~ DltpllM word, ~ W o W o W o C 0 L E SOCiAl, SEClJRITI NlJ.lRfR II E !, ENS M Y I,; H S O,4.TlOf OtAHi ---~---nAH; Of OIf\1t! fl I 2 4 II 9:1 1 TH~ RETURN MUST SE FILEa IN OlJPllClATE WITH THf- REGISTER OF WILLS 7 1 - 2 fl- 3 7 4 9 0 51 2 9 II 9 (IF Al'f'LICA8lfjSUR'II'I'OO SPulISf.'SNMlE (I.AST, FIRST, M/O "'IDOLl INITIAL) SOCI~ ~FCUflI1Y N\JMBHl COLE, LEONARD C. 2 I 0 _ 2 9 7 o 9 4 4 6_ 9 IKl 1 Orl\llnal Relllm 0 2. SIIpplernenll11 Relllm 0 3 Rema[nder Ralum I'"'' "."'". " 1 "" o 4, Umlle<l ESll1le 0 4a Flllurelole,.,1 Comprom[sel....l".,,,,., 1/.11"1 [] 5. Federel Estale Tax ROlllm Required IX] 6 Deceden! Died Tesll1lel,,.,,,,,,oIW,1I1 0 7. DO<e<ienl Malnlalned a Llv[ng TIIISIIM>:"<<>9,.IT""1 .!... 8. Toll11 Numberol Sale Deposll Boxes o g Lill\lolion Procee<ls Rece.ed 010, Spousal Poverty Credit \'''01'''''''''''''" 12.31,91 1M 1.'.1\1 011 Election 10 taxunder Soo 91 13(AiI.....' ""01 THIS SeCTION MUST Be COMPLeveD. ALL CORReSPONDENce AND CONFIOENTIAL TAX INFORMATION SHOULD Be DIRECTED TO: ~WAE COMPltfeu LI ,i.[)ORESS Christo her C. HouHt6n Es lire FIRM NAME 111 Ajlpllcable) 52 West Pomfret Street CarliHle, PA 1.7013 ,. Real Estale (Schedule A) (1) 2 Stock' and Bonds (SCI1edule B) (2) , 4 2 5 , 1 2 4 . 0 0 3 Closely Held CorporelklO,Partnershlp or Sole.Propl1elorshlp (3) I. 2 , 4 9 O. 0 0 4, Mortg8{les & Notes Race.abls (Sche<lule D) (41 5. Cash, aank Depoo[ts & Miscellaneous Personal Pmperty (61 1 7 ) 14 8 9 7 7 Z (ScI1e<1ule E) 0 6 Jointly (Mned Property (ScI1edule F) (6) ~ 7. Inler.v.os '[,anslers & Miscellaneous Non.Probale Property (7) 2 ~ 7 , 8 7 3 . 4 2 :) (ScI1eduIeGorL) , !: 8. Total Oro.. A..ete (Iotal Lines 1.7) (8) ,8 2 8 , 9 7 7 .1 9 ~ 0 9. funeral Expenses & Adminislrative Costs (Schedule H) (9) 2 1 ,8 0 7.. 5 I. W It: 10. Debts o[ Decedenl, Mortgage LlablliUOs, & Liens (Schadule I) (10) 1 8 ,2 4 4 . 4 0 11. Total Dedllctlone (Iotal Lines g & 10) (11) 4 0 ,0 5 1 9 1 12 Net Value 01 eetate (L[na 6 minus Llnel1) (12) I 7 8 8 ,9 2 5 2 8 13 Charttahle end Govemmental Bequestsl~ec 9113 Tllltts lor which an elecUon 10 tax has not been (13) made (Scliedule JI 14. Net Value Suhject to T.. (L[no 12 minus Line 13) (14) 7 8 8 I 9 2 5 2 8 15. Amounlofl[ne14 ta,able Z at the spousal tax rate , 7 2 8, 2 9 4 .2 8 , .0 0 (16) 0 . 0 0 0 Seolnslruc1ions on reverse s~elor applicable percentage I=i 18, Amounloll[neI4ta,.ble 5 3 6 3 0 0 3 ,2 1 ~g 816% rate I x .00 116) 7 .8 6 fo'll. 17. Amounlofl!nel4loxalile 7, 0 0 0 ,0 n 1 ,0 :IE at 15% rale x 15 (17) 5 0 .0 0 8 ~ 18 Tax Due (18) 4 ,2 6 7 .8 6 19, >> DATE 17013 jJh~~ DAT@~ 1701.3 ~C ----.----~-_._--_.._---~---_.~---'-_... ._~-_.-_._--_._--~--- J t~ Decedent's C_()mple_~e ~~d!!~-':_.__,___._______,.__._.____, ...._...__.__ __._~ SlRftT ADORl:SS 327 North 1I111\ovur Strout .,-------.-. CITY GllrliHlu _._fiiTill-I'A ~ liP 1701;--- .. Tax Payments and Credits: 1, Tax Due (Pagsll1ne 18) 2, Credits/PaymEnts A. Spousel Poverty Credit B. Prior Payments C. Dlscounl (1) 1,,267,86 --,-, BOD. 00 200.00 TotaICrEdlts(A.B.O) (21 4,000,00 3. InteresVPenalty If appltCllble 0, IntErest E, Penslty TotallnleresVPEnalty (D. E) (3) 4, If linE 21s grEatEr than line 1 . line 3, EntEr thE difference, This Is the OVERPAYMENT. ChIck box on Plgll L1n119 to rlqul.t I rlfund (41 5, If line 1 .lIn~ 31s grEaler then line 2, entEr the difference. This IsthE TAX DUE, (5) 267.86 A, EntEr thE IntErest on Ihe Isx due, (5A) B EntErthE lotal of LInE 5. 5A. This Is the BALANCE DUE, (5B) 267.86 Make Check P2~/e to: REGISTER OF WILLS~GENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Old dec~dent meke a tranefer end: Yes No a, retain the use or Income of thu proparty transferred; ............................................................. 0 [!] b, retain the right to designate who shell use the property traneferred pr Its Income; ..............., 0 [!] c. retain a reverelonary Interest; or....,........................................................................................ 0 [!] d. receive the prcrnlse for life of either payments, banefits or care? ......................................... 0 [!) 2, If death occurred cn or bafora Decembar 12, 1982, did decedent within two years preceding death transfar proparty without recalvlng adaquate ccnslderetlon? If death occurred after December 12, 1982, did decedent transfer property within cne year of death without receiving adequata consideration? ........................................ .......................... [] 0 3. Old decadent own an "In trust for" or payable upon death bank account or security at his or her deeth?...,.......,............... .........0 [i] 4. Old decedent own an Individual retirement account, annuity, or othar non-probate proparty?.., IiiJ 0 -- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN 72 P,S. ~9118 (a) (1,1) (I) provided for the reduction of tha tax rate Imposed on tha net value of transfers to or for the use of the surviving spousa from 6% to 3% for dates of daath on or aftar July 1, 't994 and before January 1, 1995, 72 P,S, ~9116 (a) (1,1) (II) prcvlded for the reduction of the rate Imposed on the net value of trensfers to or for the use of the surviving spouse frcm 3% to 0% for detes of death on or after JanualY 1,1995. The statute does not exempt a transfar 10 a surviving spouse from tax, and the statutory requirements for disclosure of assats and filing ~ tax raturn are sllll applicable even If the surviving spouse Is the only beneficiary. FOR DATES OF DEATH ON OR AFTER JANUARY 1, 1995 - Please answer the following question by placing an "x" In the appropriate space, Old the decedent create a trust or slmltar arrangement which Is solely for the surviving spouse's benefit for his or her entire lifetime? Yes ~ No 0 If you answered yes to the above question. the tax on Ihe trust or similar arrangement Is postponed until the death of the second spouse, at which lime It wilt be fully taxable at the rate(s) applicable to tha remainder beneficiary(les). Enter the value of the trust on Schedule J, Part II, in ordar to remove it from the calculation of the tax due In this estete. Ycu may wish to file Schedule 0 In order to make the election avallabla under Section 9113, If the election Is made, the trust or similar arrangement Is taxed In the estate of the first decedent spouse, the portion of the trust or similar arrangemo'" which benefits the surviving spouse Is taxed at the zero tax rate. and the remalndar Is taxed at the rate(s) applicable to the remainder beneficiary(les), If you choose to make the election, you must attach Schedule 0 to a timely-filed tax return, along with Schedule(s) K and/or M In order to show the apportionment of the trust or similar arrangement betwean the surviving spouse and the remainder beneficlary(les). MfV,I'-"'", pUt (),,It..9. ~t"~ COMMONWfAL1H Of PfNN$YLVANIA INHF.RITANCf. TAl< REf URN IHSlDENfOf(f[lHIT SCHEDULE C-l CLOSELY HELD CORPORATE STOCK INFORMATION REPORT ESTAU Of _ PI.ale }YP'_ or "~"rlnt flCE NUMBER A. Detailed descrlpllon Ihowl"9 the method of computallon utillud in the valualion of th. decedont', Ilock, 8. Complete toplel of flnanclal slatementl or complejo copies of ,he Federal lUll. Rflturnl IFederol Form 11201 for In. year of death and" preceding Ylors. C. SlatemflOl of dividends paid each year. 1I111hbs6 dec:lored and unpaId. 0, lis' names of oHlcen, solorll', bOnlJles and !Jny other benefih received from Corporation, E. II the Company owned real estole, luhmlt 0 III' ahowlng the comple'e addre~s/et ond estimated fair Market Value/l, If Real Eltat. Apprallals huve been secured, pl.a.. attach cop Ill, F, lilt principal Itockholders at dale of death, rlumb.r of shores held, and relatlonlhlp 10 decedent. G. Any other Information relallye to the valuallon of Ihe decedent', lilt.res!. 2. 1. Nom. of Carporotlon,~ Col,,~' 8 ~icyclES, Inc. 327 North Hanover Street Str..' Addr... .. _.,__, C1ly__._~a.:lielle~ Stat._.~.~~~~_ .__ 25-1647987 F.d.rall. O. Numb.r __,_.__'__um_._...... 150m. A. F.d.ral Farm 11201 Typ. of 8u.ln... Bicycle Store ,~__~_____, Stal. of Ine, P A Dol. of Ine". 1/1/91 17013 4 Zip Cod. _m..~m____ Total Numb.r of Shor.hold." 111 8Ullnell Reporting y.ar__~___.."_."..__~........_lo_.. _.___1.li.~}__~_ 3. Producl 'm._ Bic.Y~___!!lliLQ_t.hu._J..eifl.Ure produc.t&.._ 4, STOCK TYPE TOTAL' SHARES OUTSTANDING PAR VALUE . SHARES OWNED BY DECEDENT Common X 100,000 $1. 00 13..l40 Preferred P,ovldo 011 rlghlo ond ,o.trlctlon. portalnlng to oach cia.. 0/ .tock, Wa. d.cod.nt .mplay.d by lh. Carparallan' [] Ye. 00 No II y.., Po.ltlon _.____~. Annual Salary S _______ Tim. O.'Ial.d 10 bu.ln... Woo tho Corporallon Ind.bt.d 10 the d.c.d.nl' [] V.. !Xl No If y", provide amount of Indebtedne" S ~__.____.____ 7, Wa. th.r. Ilf. Inluranc. payable 10 Ihe corporation upon d.oth of d.c.d.nt' [] V.. [] No If y.., Ca.h Surr.nder Volu.: S ___.._.._.._~_ N., prac..d. Payabl.: S ___._...~_. Own.r of Pallcy__.______._____._..__~,______..._,. ________.~ 5. 6. 8, Old the d.c.d.nl..1I or transf.r "ock ollhl. company within on. y.or prior to d.oth If th. dot. 01 d.ath was an or aho, 12/13/82 or wllhln two y.a" If the dol. of d.ath wa. prior to 12/13/82' I[] V.. [] No If y." Kil: Tran.f.r OSal. # of Shor., .___~__.._,__. Tronsf.r.. or Purcha... __. See attached Conlld.ration $ ."________.._..__ ..._."_"_"_..._. Dol. __.___.._____~_ Allach 0 l.paiDI. ,heet for additionallrclnlfen and lor .ales. 9. Old Ih. co'parallan have an Inl.'." In other corporollon. or parln."hlp.' [] V.. DI No If yel, reporl the necenary Information on a I'paral. Iheel, Including Schtidule IIC_1" or "C.2" for 8ach lnltrllt. 10, Woo th.re a wrltt.n .har.hold.r'. ogr..m.nt In .ff.cl 01 the time of th. d.c.d.nl'. death' JOtV., [] No If y.., provld. a copy of Ih. agr..m.nt. 11, Woo Ih. d.c.d.n,'. .tock .old' [] V.. IXI No If yel, provide 0 copy of the agre.mont of sol., etc. t2. Wa. Ih. corporallan dl..alv.d or IIquldal.d aher Ih. d.c.d.nl', d.olh. [] Y.. [] No If yes, provide a breakdown of liquidation dl'trlbullonl, elc, Allacl1 a ..parole .tllll" . ......:..~'~'-_..;--~".~."- (. " .0,...;1 SHAREHOLDER'S AGREEMENT THIS AGREEMENT is dated as of the I J t(~ day of . i)e ( e "1' he r / 1995/ betwsen and among Leonard -to Cole and Helen S. Cole (hereinafter "Coles") and Cole's Bicycles, Inc (hereinafter "Corporation" ) . WITNESSETH: WHEREAS, the Coles are the reoord owner of all the outstanding shares of the Corporation I and WHEREAS/ the Coles desire to impose certain restrictions on Shareholders of the Corporation, the Corporation, and the shares in order to ensure the harmonloulJ and successful management and oontrol of the corporation, the oontinued suocessful operation of the Corporation, and the continued qualification of the Corporation as an S Corporation for federal and state income tax purposes. NOW/ THEREFORE, in oonsideration of the premises and intending to be legally bound hereby, the Shareholder and the Corporation agree as fol1o\~s: 1. Definitions. The following oapitalized terms/ wherever used herein / shall have the meanings ascribed to them, unless the oontext in whioh suoh terms are used otherwise clearly requires: "Agreement" means this document and any amendments / modifioations / restatements / or supplements hereof or hereto. "Applicable Federal Rate" means the Federal mid-term rate/ determined pursuant to Code Section l274(d)(1)(C) (il) for quarterly payments of interest and without regard to the provisions of Code Section 1274(d)(2), in effect on the date of the closing of a sale of Shares. "Business Day" means any day other than a Saturday, Sunday / national holiday or day on which commercial banks located in the Commonwealth of Pennsylvania are permitted or required by law or executive order to be closed. "Code" means the Internal Revenue Code of 1986/ as amended, and as the Bame may be amended from time to time. "Corporation" means Cole's Bicycles, Inc. / a Pennsylvania corporation. "Eligible Sbarebolder" means a Person who is permitted to be a shareholder of an S Corporation in accordance with the provisions of Code Section 1361. "Fair Market Value" means, at any relevant time, the then value of a Share as determined by reference to the provisions of Section B hereof. "Offer to Sell" shall mean the occurrence of any event described in Section 5 hereof. "Person" has the meaning ascribed to such term in Code Section 7701(a)(1). "S Corporation" has the meaning ascribed to such tlf'rm in Code Section 1361(a)(1). "Sale of the Business" means the acquisition by any Person (except a Shareholder) of (1) all of the Shares, or (il) all or substantially all of the Corporation's assets, however effected. "Selling Sbarebolder" means any Shareholder Transferring Shares pursuant to Section 5, hereof. "Sbarebolder" means any Person who becomes Ii record owner of any Share and who becomes a party to this Agreement. "Sbare" means a share of Common stock of the Corporation. "Transfer" means the conveyance of Shares (or an interest in Shares), however effected, and includes a voluntary or involuntary sale, gift, pledge, assignment, hypothecation, or encumbrance of Shares, and a grant of an option with respect thereto. 2. aestriction on Tl.'ansfer of Shares in General. No Shares, whether now ownad or hereafter acquired, may be Transferred except as permitted by the terms of this Agreement. Any proposed Transfer of Shares in violatic)n of the terms of this Agreement shall be void. p. Absolute Prohibition on Certain Transfer~. Notwithstanding anything herein to the contrary, neither a Shareholder (including the Shareholder's personal representative or trustee) nor the Corporation shall Transfer Shares (i) in violation of any 2 applicable federal or state securities law, or (ii) exoept in conneotion with the Sale of the Bueiness, to any Person who is not an Eligible Shareholder or under oiroumstances whioh would cause the disqualification of the Corporation as an S corporation. The Corporation shall not issue any Shares to any Person who is not then a Shareholder or reoord the Transfer of any Shares, unless suoh Person agrees in writing to become a party to this Agreement. 4. Transfer,bv Leonard C. cole and Uelen S. cole. (a) If the Coles intend to make any Transfer, they may do so without any restrictions except as otherwise provided for in Section 3 above. 5. Transfers bv Other Shareholders. (a) If any Shareholder other than the Coles intends to make any transfer, he shall give sixty (60) days written notice of his intention to the other Shareholders and the Corporation (the "Transfer Notice"). The Transfer Notice shall state (i) his intention to Transfer Shares and (ii) the number of Shares to be Transferred. Within thirty (30) days of the receipt of the Transfer Notice, the rema.lning Shareholders may exercise a right (a "Refusal Right") to purchase all or any portion of the Shares that au.ch Shareholder proposes to transfer for the Fair Market Value, with the Purchase Price to be paid and the closing to be held as provided in Section hereof. If the remaining Shareholders wish to purchase, in the aggregate, more than the number of Shares available to purchase, each remaining Shareholder may purchase such number of Shares available as is equal to the product of (a) the number of shaI'es available and (b) a fraction, the numerator of which is the number of Shares owned by such Shareholder and the denominator of which is the total number of Shares owned by all remaining Shareholders wishing to purchase the available Shares. (b) If the other Shareholders do not exercise their refusal right with respect to all of the Shares described in the Transfer Notice, the Corporatioll, within forty-five (45) days after receipt by the Corporation of the Transfer Notice, may exercise a Refusal Right to purchase that portion of those Shares as to which the other Shareholders do not exercise their Refusal Right at the Fair Market Value, with the Purchase Price to be paid and the closing to be held as provided in Section 6 hereto. 3 (c) If the remaining Shareholders and the Corporation fail to exeroise their refusal rights in the aggregate as to all of the Shares described in the Transfer Notice, then the selling Shareholder shall be free to transfer any Shares described in the Transfer Notlce not purchased pursuant to Paragraph (a) and (b) of this section free and clear of all restrictions contained in 'this Agreement. 6. ~Bina on Transfer of Shares. (a) The Closing of the purchase of the Shares offered b~ the Selling Shareholder shall take place at the principal office of the Corporation (or at such other place as may be mutually agreeable) at 9/00 a.m. on the first Business Day following the seventy-fifth (75th) day after the receipt of a Transfer Notice. (b) The purchase price for the Shares offered by the Selling Shareholder shall be paid in four (4) equal quarterly installments, with the first payment due on the Closing date, together with interest on the unpaid principal balance thereof at a rate equal to the Applicable Feder.al Rate, which obligation shall be evidenced by a Promissory Note or Notes, executed by the Corporation and/or by the Purchasing Shareholders, having such terms and in such form as may be acceptable to the Corporation's counsel. Such Promissory Note or Notes shall permit prepayments in whole or in part without premium or penalty. Notwithstanding the provisions of this subsection, any purchaser of the offered Shares may make payment in full at the closing. (c) At the time of the Closing, the Selling Shareholder shall deliver (i) the oertificate or certificates representing the Shares being sold, duly endorsed for transfer with signature guaranteed, free and clear of all liens and encumbrances, and (ii) if requested by the Board of D:l.rectors of the Corporation and to the extent relevant, his or her resignation as an offioer and director of the Corporation. 7. Certain Aots Deemed Offers to Sel~. If: (a) any Shareholder is finally adjudicated bankrupt or insolvent under the provisions of any federal or state statute relating to bankruptcy, reorganization or insolvenoy/ (b) any Share or Shares are attached or seized in an execution proceeding and that attachment or execution is not discharged or otherwise dissolved within 30 days/ 4 (c) a Shareholder thereafter I (d) any Shareholder is adjudicated to be an "incapacitated person" (as defined in 20 Pa,C.S.A. S5501) to any degree by a court of oompetent jurisdiction I complaint in di.voroe is filed by or against any and not withdrawn or dismissed within 30 days (e) any Shareholder ceases to be an Eligible Shareholder I (f) the employment of any Shareholder by the Corporation is terminated (whether voluntarily or involuntarily) I or (9) any interest in any Share is Transferred by operation of law or pursuant to court order; or (h) any Shareholder dies; then that Shareholder or, in the case of event (b) above, the Person who owns the attachad or seized Share or Shares shall be deemed to have offered to sell of his Shares to the Corporation and to the other Shareholders pursuant to the provisions of Section 5 (i) at a price equal to the Fair Market Value thereof, and (ii) pursuant to the relevant portions of the terms and procedures set forth in Section 6. As to any Shares held by a trust, the term "Shareholder" in events (a) and (h) above shall mean the primary beneficiary of that trust, and not its trustee. As to any Shares owned by a deceased Shareholder, the deceased Shareholder's personal repreaentative ahall be deemed to have offered to sell such Shares. B. Fair Market Value. The Fair Market Value of a Share shall be established by written agreement of all the shar.eholders on an annual basis within thirty (30) days after receipt by the Corporation of its annual financial statements as prepared by its independent certified public accountants. A copy of such written agreement shall be executed by each Shareholder. A copy of such agreement will be placed in the Corporation's records with a copy of this Agreement, and copies will be given to each Shareholder. In the event that the Shareholders fail or neglect to establish the Fair Market Value of a Share as provided above such that the last Fair Market Value established in that manner was more than four hundred twenty (420) days prior to the date as of which the Fair Market Value is to be deter'mined I then the F'air Market Value of a Share shall be equal to (a) the product of the average of the Corporation's net income (without deducting any dividends paid by 5 the Corporation in cash or property) for the most recent three fisoal years of the Corporation, divided by (b) the number of outstanding Shares at the date as of which the Fair Market Value is to be determined. In connection with any Transfer hereunder, the Fair Market Value shall be determined as of the date which is thirty (30) days prior to the date of Closing and will be determined (if not established by agreement of the Shareholders as desoribed above) by the Corporation's independent certified public accountants in accordance with generally acoepted accounting principles in a manner cons.l.stent with past practices of the Corporat.ion. 9. Sale of the Busiu8SB. In the event of a proposed Sale of the Business tentatively agreed to by the shareholders owning a majority of the outstanding Shares, each Shareholder agrees to take such action as may be requested by such majority Shareholders in order to facilitate tho consummation of the Sale of the Business, inoluding the agreement by such Shareholder to sell his Shares. No action taken by a Shareholder in accordance wlth the preceding sentence, including the actual sale of Shares, shall be deemed a violation of this Agreement. No Shareholder shall be required to comply with the provisions of this section unless the terms of the proposed Sale of the Business provide for equal treatment of all Shares. 10. Revocation of S CorPQration Eleotion. Nothing herein shall be construed as precluding Shareholders from exeroising their right under Code Section 1362(d)(I) to revoke the Corporation's election to be rated as an S Corporation. . 11. Distributions to Shal'eholders. Dietributions to Shareholders shall be made, if at all, in the discretion of the Corporation's Board of Directors; provided, however, thet each distribution that may be made from time to time shall be (i) equal on a per Share basis and (iil otherwise effected in a manner that does not disqualify the Corporation as an S Corporation. 12. Shares to Bear Legend. All certificates evidencing Share (whether those Share are now outstanding or hereafter issued) shall bear the following conspicuous legend: "The shares represented by this certifioate are held subject to the terms and conditions of an Agreement dated , 1995, among the Corporation and its shareholders, which Agreement contains provisions limiting a shareholder's right to transfer the shares 6 represented by this certifiaate. A capy af. that Agreement is an file at the affice of the Corporation's principal office. These shares have not been registered under the Securities Act of 1933 or the securities or blue sky laws of any state, and may not be transferred without an opinion of counsel to the Corporation that. such transfer will not violate the provisions of those laws." 13. Mandatorv Repayment of Indebtedness: Release fro~ !!Y.!lI:antvs. At the Closing of a purchase of a Shareholder's Shares, the Corporation shall repay to the Selling Shareholder (or such Shareholder's legal representative) all amounts owed by the Corporation to the Selling Shareholder, and the Selling Shareholder (or his legal representative shall repay to the Corporation all amounts owed by the Selling Shareholder to the corporation, in cash or by treasurer's check, in each such case. All loans owing from the payee of a promissory note delivered under Section 6 to the maker thereof shall be offset against the amount of such promissory note in the manner of a prepayment of principal applied to the installments due thereunder in inverse order of maturity. Also at the Closing of a purchase of a Shareholder's Shares, the Corporation shall use its best efforts to obtain the Selling Shareholder's release from any and all guarantys and suretyship agreement8 executed by such Selling Shareholder which assure the payment of all or any part of the Corporation's debt. 14. General Rule. The Corporation shall not sell or otherwise issue additional shares of stock of any class or series without the consent of Shareholders owning of record a majority of the outstanding shares. Such additional shares shall be issued only as follows: (a) The Corporation shall first offer such shares to the Shareholders in writing on terms of its choice. The Shareholders shall have the right to accept such offer in such proportions as they may agree, or absent agreement, in proportion to their then interests in the issued and outstanding Shares held by them. (b) If the offer under paragraph (a) of this Section 14 is not accept.ed within thirty (30) days, the Corporation may, before the expiration of a ninety (90) day-period following the date of such offer, sell or otherwise issue such shares to anyone on terms no more favorable to the purchasers than those offered by the Corporation under paragraph (d) of this Section 14. Any pUI'chaser of such shares must execute and deliver an agreement agreeing to be bound by the terms of this Agreement. 7 15. fYE~ase of Life Insuranoe bv CorDoratioJG. (a) The Corporation may, in its sole discretion, purchase life insurance on e~ch of the Shareholders if the Corporation is able to purchase suoh insurance. The life insurance shall be purchased in such amount as the board of Directors of the Corporation shall from time to timo determine to be in the best interest of the Corporation. The Corporation may apply to the payment of premiums any dividends declared and paid on such policies. (b) Eaoh Shareholder may, purchase life insurance on the lives of the Corporation. (e) Each Shareholder agrees to cooperate with the Corporation and any other Shareholder seeking to obtain insurance on ouch Shareholder's life, inoluding without limitation submitting to reasonable physical examinations and answering any questions required by the applicable insurance company. in his sole discretion, the other Shareholders of 16. Ini unction.1,I and Specific Performance. Because of the unique character of the Shares and the important business purposes underlying this Agreement, each party acknowledges that he will be irreparably damaged in the event. this Agreement is not specifically enforced. If any dispute arises concerning the sale or disposition of any Shares, an injunct.ion or temporary restraining order may be issued restraining that sale or disposition until the controversy has been resolved. If any controversy arises concerning a right or obligation to purchase or sell any Shares, that right or obligation may be enforced in a court of equity by a decree of specific performance. However, that remedy shall be cumulative and not exclusive. Any party seeking an injunction or temporary restraining order hereunder shall not be required to post any bond or other security in connection with such action. 17. Notice",. All notices, offers, acceptances or any other communications provided for in this Agreement shall be given in writing and shall be deemed received five days after deposited in the United States mail, certified mail, postage prepaid, and addressed, in the case of the Corporation, to its principal office, and in the case of any Shareholder, to his address appearing on the atock book of the Corporation. Notice of any exercise of a Refusal Right under Section 5 shall be given in this manner. 8 18. Termination. Unlees terminated sO/Jner by the holders of all of the outstanding Shares of the Corporation, this Agreement shall terminate upon the bankruptoy, reoeivership or dissolution of the Corporation. 'l'he termination of the Corporation's qualifioation or eleotion as an S Corporation shall not oause this Agreement to terminate, and all of the provisions hereof, inoluding the oategory of Persons to whom shares may be transferred, shall oontinue in full force and effect until otherwise changed by the Shareholders. 19. ~jlan.ous Provisions. (a) The existence of this Agreement shall not give any party hereto the right to be employed by or remain in the employ of the Corporation. (b) The invalidity or unenforoeability of any provision of this Agreement shall not affeot the remaining provisions hereof, whioh shall be construed as if suoh invalid or unenforceable provision had been omitted. (0) This Agreement shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective heirs, personal representatives and suooessors. (d) Wherever necessary in this Agreement, the terms used and related pronouns shall be oonstrued as masculine, feminine, or neuter or in the singular or plural, as the oontext requires. (e) This. Agreement may be amended by an instrument exeouted by Shareholders owning a majority of the outstanding Shares. ( f) This Agreement shall be oonstrued, adnlinistered and enforoed in acoordance with the laws of the Commonwealth of Pennsylvania (without giving effect to the law or prinoiples of oonfliot of laws). IN WITNESS WHEREOF', the Shareholders have executed this Agreement, and the duly authorized officers of the Corporation have exeouted this Agreement on the Corporation's behalf, as of the day and year first above written. 9. Rlvl,cl8htlHl1 ~lb SCHEDULE E CASH, BANK DEPOSITS AND MISCELLANEOUS PERSONAL PROPERTY .._. _ Ple_a.._~dn' or )y..r.e, filE NUMBER 2197-0491 COMMONWtAr.~ m PINNSYIVANIA INH""A I lAX mU.N "'10 N olCIOINT i:-STATE'5F - _.. -- Helen Smyere Cole !Alrp;;,;;;ii IOI"t~;~;;~.d H;ith the MII_~-.~iI~~Y~~~.~~'.~~~~~-~'_.~I_~(Jo'!~ ~~-~~~~_!!~_I~-_F.I. ITEM NUMBER DESCRIPTION VALUE AT DATI OF DEATH 1. Cabot Money Management Money Market Cash Account 85,136.00 2. Farmera Trust Company Chacking Account #1141503 3. Farmer9 Trust Company Certificate of Deposit # 131365 4. FarmErs Trust Company Certificate of Deposit 1/131364 5. Farmers Trust Company Certificate of Depoait 1/131372 6. Fahnestock Prime Cash Accourt IIA090011816 4,087.79 34,107.12 35,038.36 15,115.77 4.73, TOTAL (Allo.enler on line 5) Recapitulation $ 173,489.77 IAttach additional 817" )( 11" .heellll more 'pace I. needed.) R!V,I~II'H t 1'~81 C),,~,Q 'e:.~ COMMONWeAlTH Of PfNNSYlVANIA INtlf.IHfANCE TAX ~nURN "BIOtiNT OfCeD'NT ISTAR"01" ,,- ""=-~-' --, Helen Smyers Cole SCHEDULE H FUNERAL EXPENSES, ADMINISTRATIVE COSTS AND MISCELLANEOUS EXPENSES . .. ."pI.".. Print or Tvp. ~~."~~~_. --~----=TIL~~~7~~1:91 __,__....... ITEM NUMBER -~~~ A. 1. B. 1. 2, 3. 4. C. 1. 2. 3. 4. 5. 6. 7. 8. DESCRIPTION AMOUNT Fun.rol Exp.n.", Ewing Bros. Funenll Home 7,500.00 1,400.00 2,400.00 2. Ashland Cemetery - Burial Plot 3. 4. Eby Granite Works Eby Granite Works - Vandalism Insurance 84.00 Ad",lnl.tratlv. Co.1I1 PelSonol Representative Gommilllons Social Security Number of Personal Reprssentatt\te, Vear Comml..lons paid Attorney Fees - Christopher C. Houston, Esquire 3,500.00 Family Exemption Claimant Leonard C. Cole 3,50P.00 Relationship Husband Addre.. of Claimant at decedent's death Street Addre.. 327 N. Hanover Street City Car lisle 17013 __, ~_State P A ~ Zip Code Probate Fees - Register of Wills, Cumberland County Additional Probate Fees - Register of Wills, Cumberland Co. MI.e.lIan.ou. Exp.n..., The SEntinel - Advertising 419.75 10.5.00 Cumberland Law Journal - Advertising 56.76 60.00 15.00 17.00 Register of Wills - Filing of Inheritance Tax Return Regiater of Wills - Family Settlement Statement Boyer & Ritter - Accounting Expeneee 2.750.00 TOTAL IAlso enter on line 9, Recapitulation) $21,807.51 (If ",or. .paee I. need.d, In.ert additional .he.1I of .a",. ,I...) Form 11205 U.S. Income Tax Return for an S COl'porallon oMn No, 1~4li"tliJo _.~-~~--_._"--~ A 0.111 ol.I.~lIon u an BIHHJHlftUOn For thlll oahllldar f'hU HHl5 U.. IAS libel. O1her- wllw, pl...u p,lnt or type. 00 not IIle thla foun unle"" thlJ corporation hu tlmolv filed Form 2M;;l to elftct to he an U (lOtpOraUon, .. S'o!lf) ftop.uale IflBtweUons, or t,.ll: nar h~nl"y .11 01 1995 ~,p"lf!l.t1ll'lf I till rr..,UlV 1,,",1 n,"lnUII fltt"!I~1I .__._~,_.._-,.- --~~~ ~~~..~,,_., 1995 f1mlln 1.0 ]'C-;1D9-6-.----~~--. C [MfIktyvltMnti~UunI'lU"b.w 2!:i-16479B7 ._ll.LCJJ:.I'!.l._._,., 8 (11I,ln."1;0I/.110, (uISrldfIOI,,,lflwtlonll COU~' S Breye!,!':!'; INC. 327 N. HANOVER fl'I'I1J':E'I' CI\HLISIJE, 1'1\ ,1."1013 () Ct.,ell Ihl, b\Hlllthll B C{Jlpl)rlllon Iw .uhJ"Gllo \h, coololid"",d /ludll rHUl;:lduru ,1/ II/:\Ionl 81411lHOUgh f124!i(Ullnltrucllonllllllore r,l1ecklng Itlll hOM). , . . . , . . ' . , ~ 0 tt Enler num~ of 91IhiOholdorfll~1.~_I~.~~~_~p~_~~!I.r.!!:!~_~!!~~_~.~!"~~.!.!..~~~yoDr , '.:~~~..:.....:..~:.~.:_:~~~~~~..:..:.,:_:,,~~'~:...:...:..~.~~~.~.~~__------1. Clutlon: Includ,~ onl lfaclo or hllfltnn3~ Incorno and O)(pnn809 on htlfUJ 11 lhrough 21. 500 lho inalrucllontJ lor molo Inlormalloll, __ 1 . Orooo rocolpls or nalOll _",_?._~.~_1..7 4~ b LouA rolurn9 and allownnco!) l__.~_~al .. _1_~_ ._.J_?-.?~7 4_ 5 2 CaRt of good. .old (Schadulo A, IIno 0) , , , . , , , , , , , , , , , , . . , . . , . , , . . , , " , , . , , . , . , . , , " " , , , , , , , , '" .2.... ~B..?t_?.?J 3 Gr."" profit, SubtrRct linn 2 from linn 1c, , . , ' . . , . . , , , , , , , , . , . , , , , , , , " " " . . , . , . . , " , , " . , , , , , . . .' .2... __~llLQ,?!!" 4 Not gRin (Io'R) from Fa,", 4707, Pari II, IIno 20 (attach Form 4707). . , , , . . . . , , , . . . . . , , , , , ,. , , , . , . . , , , , . , , 4 5 OIM! Incorno (10") (Rttach Rehodulo) ,..", , , . , , , , , , , , . ' ,. , , . , , . , , '" See, ,statemen.t, ,1. ,. ...~.._ ,___ 2 OB_ I l'olallnco!"" (los&Comblno IIno03 through 5, . , , . . , , . , , , , , , , , ' , . , , " , , . . , , . , . , , " , . , " , , , " ,. l> 5 237 , 276 5 7 C.ornponsoUon of olflcors , , , , , , , , , , , . , , , , . , , , , , , , . , , , , , , , , , , , . , , , , , , , , , , , , , . , , , . , , , , . , , , , , , , , ,7 2 5 , 903 ! I Salarlo. and wagoR (lOR' omplovmont crodll.) , , , , . . , . , , , , , , , . . . . , , , . " " , , . , " , . , " " . , . , . ' , , , , '" _ 8-' --=!.9 3 L~~i. _-= I 9 Ropalrs and mllnlonanco, , , , , , , , , . . , , , , , . . , , , . . , , . , " , , , , , . . . . . . , , , , . , ' , , . , , , " , . , , . , , " . , , , , 9 __.-!.t.2'.L~_ ~.. ~ 10 Bad debts"".""".""""", '..""',.....,.".,"',.,",., ,.""..,.".""".,.."',.,, 10 ____..?_~_ ~ 11 Ronln.".""".,."""""""",.,."..."",.""""'" """"'" I """",' "','" 11 2~OO ~~. g 12 "1)(09 and \leor.ooo, , ' , . , , , , , , , , , , , , " , . , , , , , , , , , . , , . , , , , , , , , , , , , , , . , , , . , , , . . , , , , , , , , . , , , , ' , " 12_.. 14 , 3 ~ 0 _ ___ ~ 1 1~ Intorost"""",.""",.",.."."""""""",.,.,..,.,.".,.""....",."","""" 13 9 {) 2 92 14 1 DaprllClatlon (If toqulrod, anaoh Form 45a2) ,..."""",."""... , . , , ,,141 2 546 : . r b DoprllClltlon clalrnod on Schodulo A and ol..whoro on rolurn , , , , . . , , , , , , , " 14b ~~ c Subtractllno14blrornllno14a" ,."",."""."" ,t",..,.."" "".",.,., ,.""., ..,.""., ~ R 15 Dopl.Uon (Do not dedu.1 olllnd gal depletion,). . , . , . . , , , , . , . . . , , . , , , , , ' . , , . , . . . , , . , , , , . , , . , . . , , , \ 16 Advortlslng"..,......,.".".".."....."",.,..,..,.,..,.""",.".",,"",.,"",.,.. ~ 17 Ponslon, pront-sharlng, oln" plans, , , . , , , , , , , , , , , . , . , , , , , , , , . . , , , , , , , , , . , , , , . . . , , , , , . . , , ' . , , , , , , l 16 Emplovoo bonoflt programs, .. . , , . , , , . , . , , , , . . .. , .. " , , , . . , . . . . . .. " , '. ",..""...."..,.." 1 19 Olhor doductlons (anach .chodulo) . . . . , . , , . , , . , , " , " , ,. . . . . , . . , , '" See, .statement, .2. , . 2 20 Tolal deduotlona, Add Iho amounls .hown In th. fa, right column lor linn. 7lhrough'9 ,. , , , , , , . , . . , . , , . , l> ~~.!. Ordinary Incomo (loss) ~!..!llrndo or businoss acllvltles, Subtract IIno 20 from line G. , , . , . , , , , , , , , , n Tax: a Excess net pnsslvo InconlO tax (allach sahodulo), , , , . , , , , , , . . . . , , . " 22. b To, lrom Schndulo D (Fom' 1'208)",."".,.....,..,.."...".""". 22b o Add IIn.. 22a end 22b (.00 pago 13 ollho In.!rucllonslor additional 1""0') . , . , , , , . , . , , , . , , , . , . , , . , , . , , , . 23 Payments: a 1995 9s11malod tax puymont9 and nmounl1rom 1994 roturn , , , , " 33a b T"" depo.itod w1lh Form 7004, , , , , , , , , , , . . , , . , , , .. , , . , , , . , , . , , , , , , , ., 23b o Credit fa, Fodora""" paid on luol. (aUsch Form 4136) , , , , , , , , , , , , . . , . ., . ,. 230 : d Add Ilnos 2381 through :230 , , , , , , . , , . , . , ' , , , , , , , , , , , , . , , , , ' . . . , , , , , , . , , , . . , , , , , , , , , , , . . , , , , , , , , ~ 24 Estimated 1ax penally, Chock II Form 2220 13 attachod, , , , , , , , , , , , , , , . , , , , , , , . , , , , , , , , , . , , , . , , , , , ~ 0 E N 26 Tax dUfJ. If tha 101al of 111189 22c llnd 24 lslnrgor than Uno 23d, onlor amount owod, l Sea page:} of tho Instruclloflf4 lor doposllnry mothod 01 payment, . , , , , , , , , , , , . , , , , , . , , . , , , , , , , , , , , , , ... 2S Ove",avmenllf IIna 2Jd I.'argor Ilia" Iho 10lal olllnos 22c and 24, onlor ..""unl ov.rpald. , , , , , , , , , . , , , . ,l> 26 Enlnr ,.mount of Hno 28 Oll wAn1: Crfldllod to 1996 estimated tax ~ L Ref~ndftd'" 27 Und.r Jlflnalll.a 01 ptrju,v, I <1lola,a that I lIavlI uamln.d lhl. rlturn, IllCludioQ aecompaoylnglchldul.R and el.lflmenIR, Ind to lhe bell 01 mv knowlldge and bIU.t, It I, trul, co".cl, arid complet., 0lcl.flral10n of p,epare, (othl/ lhln lupaYI')I. band on aU Informallon 01 which pr.paret haa anVknowtldOll, (I) Inlllal roHJlI1 (3) Cllango In addr... o OltllncOfllO'llIltl ""...l/.o.1L9.L~_.__ E Tll'IIIIIIIIM(lInOpIClllolnllfllOl!onl' _L.._......_._.?'!.2.LB B 2 L_ Arnondod rolurn 5995 ~-_._-,-~. F Chock epplloablo box..: (2) r1rlRlfolwn (4) I N c o .. E 140 _~46 15 IS 17 18 3,791 .~_29~4 20 224~_ 21 12,989 16 395 T . . . N D 23d 24 o 26 27 Pleaae Sign Here Paid Pre parer's Use Only ~ slii';~'of;;;""~"-'------ .I 0." ~ ,,,,, Prlp.flr', ~ A'i I n 0 .~' oa,e _ ~lItktl P'lIpa'llf'..oclal..r.urHynumbe, algnalur. r I~~!_~_ ~.:-::::::::__~~~Ll:~/~emp'oYe~D 164-38-8267 FI,m'''''''I'' Boyer & R1tter, CPA's =tElNl> 23-1]11005 you,.,jl..Il~'mployed) ~141 West High street llPcodll "d.dd.... rcarlisle PA l> 17013 ~_.. - For Paperwork Reduction Act Notice, see page 1 of soparate Instructions. KFA Form 11205 (1995 COLE'S BICYCLES INC. Sohed\J eA COlt of Goods Sold Soo 0 0 1~ of IholMlmotlons Invonlory II boglnnlng of voor " . . . . , , " . , " , " . , . , , , . . . , . " " . , . . . . . " ' , . . . . . " . " . , . , , . , , . . , " . , . 2 PUrChltS88,.,..""",...",....,.,., I , , , , . . . , . ,. ",..""".".,...."."".", I , , . , , , . , , , . , , 3 eo., ollobor, . . , , . . . , . , . , , . . , , . . , , . , , , . . . , , , , , . , . , , , . . , , , , , . . , , , , , , . . . , , . , . , ' , , , , , . , , . , , , , . , , , , 4 Addlllonol """lion 263A co.m (ntllch seh.dulo) , . " . . , . , . . . , . " " . , . , , . . . , , . . . . , , " , " , , . , . . , . . , , " , . . . 5 Olher co.'.(llIach schodul.) " ",..."",., "".,.'"". """.",.,,,.. .See ,Statement ,)., . Total. Add lin.. 1 Ihrough a , . . . . . . . . , , , , . , , . . , . , , , . , . , . , , , , , , . , , , . . , , , , , . , , . , . , , , , , . , .. ..,.,.." 7 Invontory II.nd 01 voor . , , , . . , . . . . . . , , . . . , . . , , . . . . . . . . , , , . , , . , . . . . . , , , , , . . . . , . . , , . , . . . . . , . . . , . . . . . eo.t 01 gnodo lold. Sublrlct line 7 from IIno 6, Enlsr horn ond on pogo 1, IIno 2 . . . . , , , , . , , . . , , , . , , . . . , , , , , . , 9a Chocl< 011 roolhod. usod for volulng clo.lng Invonlory: (I) IlD eo,'I. doscrlbed In AogulltJon. 9OCtlon 1.471-3 (II) 0 Lowor 01 co.t or mlr1<ot... doscllbod In Aogullllon. .ocllon 1.471-~ (III) 0 Olhor (.poclfy roolhod usod .nd ollooh oKplan.'lon) ~ b Choclt II thorn wo. I Wlllodown 01 ".ubnorm.r good. I. do.crlbod In Aogullllon. .oollon 1.~71-2(0) , . , . . , , . , , . . , . , , . , . , . , , . , , . , . . . o Chocl< litho LIFO Invonlory roolhod W89 ldoplod thl. till( yoor lor any good. (II chock.d, attach Form 970) . . , . , . . , . , , . , . , . . , . , . . . , , . . d II the LIFO Invontory method W89 used lor Ihl. IIll( VOIr, .nlor poreonlago (or amounl.) 01 clo.lng I ,I Invonlory co~ul.d uncle, LIFO. . . . . . , " " " " " . " , . . . , , . " " , . . . . . " , . . . , , , , , " " , , " , " . , , , . . . ., L!!!.L-, . Do Iho mlos olsocllon 263A (lor propolty prod",od or acqulrod lor rO.llo) apply to tho corporallon1. , . . . , . . . , . . . . , , . . , . , , , . .. 0 Vo. 1 W89 Ihor. anv chango In dolonnlnlng quanllllo., co.l, or valuallon. botw..n oponlng and cloalng invonlory1 . , . , . , , , , , , . , . , , . " 0 Vo. II "'195," allach oKplln.lIon, ~l!.e!lule_@';l Other Information 25-1647987 207 411 304,399 1 2 3 ~ 5 . 7 . ~!5 517 455 231 778 285 677 ~o ~O ~ No ~ No Check molhod 01 lecounllng: (I) 0 Caah (b) ~ Accruol (0) 0 Otho, (.poolfy) ~ 2 Aolor to tho 11.1 on pogo 2~ 01 tho In.truellon. and .Ialolh. corporallon'. principal: (I) Bualne..lcllvllV ~ RETAIL TRlIDE (b)Produotor..rvlco ~ BICYCLES 3 Old Iho cmporlllon It Ih. .nd ollho till( V.lr own, dlroolly or Indlroollv, 50% or moro 01 tho vollng .toek 01 . domo.lle corporallon1 (For ,ul.. 01 IlIrlbullon, 900 ...lIon 2a7(e),) II "'I..," all.oh . .ch.dulo .howlng: (I) nlmo, Iddro.., .nd omplovor Idonlllloallon number Ind (b) porconlogo own.d. . . " " " , " . , , . , .. .. . , ". " , " . . . " , . . . , , , , " " " , . , , , . . , " . , . " " " " , . " " , " .. . X 4 W89lho corporlllon 0 mom"," 01. conllollod group .ubjoollo Ih. provlalon. ol.oollon 15611, , . , , . , . . . , , , , , . . . . . , . . . , . . . . . . . . , . . X & At InV lime during olklndor V.I' 1995, did Iho corporallon have In Inlor..t In 0' I algnalur. or Olho, authority ov.r a IlnanololllOOOunt In a lorelgn counlry (.ueh as I blnk lecount, .oourlll.. lecounl, or olh.r IInlnclol account)1 (Boo page 1 ~ 01 the Insllucllon. lor .Keoptlon. and nllng ,.qulr""",nt.lo, Forn. TO F 90-22,1.), , . , . . . . , . . . . . , . . . ,. . . . . , . . . . . , , , . . . . . . . . , . . . , . . , . . . . , . . . . . . . . , . . . . . . . . . . , . , . X II "'198," snlor tho name 01 tho forolgn counlry ~ I Wa.lho corporation the granlor of, or lIansloror to, a lorolgn tru.llhat oKI.lod during the eurronlllll( yoar, whslhor 01 nol the corporation h.. any benoncl.1Inlor981In 1\111 "'10.," Iho corpor.llon may havo 10 Ills Fo,ms 3520, 3520-A, or 926 . . , , . . , , . . . . . . , . . . , . . , , . . . , . , . , 1 Chocl< thl. box litho corporation h.. iliad or I. ,.qulred to III. Form d264, Appllo.llon lor Rogl.tration 01 I TIl( Shllller. . . . , . , . . . . , . . . . . . , . , . , . , . . . . , . , . . , . . . , . , , . . . . . . . , , , . . , . . , , . , , . , . , . . . . , . , . . , . . , . . . . . , . . . , , , . . , .~ 0 a Check Ihl. boK IIlh. corporlllon Issu.d publlclV oll.rod dobt In.lrumonl. with orlgln.II..uo dlscounl . , , , . , . , . . . . . . , . , . . . . , , . . . , .~ 0 II so, tho corporallon mav havo 10 1110 Fo,m 6281, Information Rolurn lor Publicly Ollorod Origlnall..u. Discount Instrumonl.. a II the corpor.UOn: (I) m.d It. oillCtlon to be an S corporallon aller 1966, (b) wa. 0 C corporallon boforo 1\ sloolsd 10 be an S corporation or tho corporation acquIred an asset with a basis determined by rolerance 10 lis basis (or the b...l. ollnv olher proporty) In lho l1Ond. 01 . C corporallon, and (0) ha. no: unro.llzod buill-In g.ln (dollnod In soctlon 137~(d)(1)) In OKCOSS of tho 081 roccgnlzod built-In g.ln from prior Voar., ontor Iho n.1 unr..llzod built-In glln roducod by net rooognlz.d built-In g.ln from pllor v.ar. (soo pago 1 ~ of Iho In.lmollon.), ~ $ to Check till. boK IIlh. corpor.Uon had .ubahaptor C ..rnlng. .nd prom. at tho closo ollho tlU( y.ar (.08 p.go 15 of J!!!!!!!!~n.) , , , .~ 0 Deslgnsllon of Tax Mstters Person (Soo pago 15 of Ihsln.lrllctions) Enler below tho .har.holder do.lgnatod .. ilIa 19)( man.r. porson (IMP) lor tho 19)( y.ar 011111. rslurn: ~~ ~ ~~ ~ d98lgno.odTMP rLEONARD C. COLE numbe,olTMP r210-26-9944 Addr... 01 i.slgn.'od TMP ~327 NORTH rCARLISLE, FRON'l' STREET PA 1701.3 Form 1120S 1005 nO edU' ._____..____:.1-_._ . ...~~___.__~1~~?_!.~~..nhl!!o l1om.1 (bl Tolal amollnl 1 OrdilulIY Incorr.. (1000) Irom Iredo or bllolllo.o 0011'1110' (pag. 1, 11".21), , , , , , , , , . . . . , . . , . , , . 1 "'''9f 2 N.llncomo (10"") 110m rlllllol IOnl onlnlo ooUvlUo. (.lIooh Form Oa25) , , , . , . . . . . . . . . . , , , , i ' , . 2 3. Oroa. Incomo lrom olhor rOl1lal aCllvlllo., . , . , , , , , , , . , , , . , ,. lli- .. I b ExpontMd from othor rontal ftclll/lUos , , , , . , , , , , , , , . , , . , . , ,. 3b I i'i. N c 0 Nallncome (kl09) lrom olhor rOl1I.loellvllloo, SlIbtroallloo ob Irom 11110 oa,. , . , , , , , . , . , . . , '. , . 30 0 -- f-- .. 4 PorUotlo Income (1000): t ' E . Inlo<..llnoome . . . , . . , , , . . . , . . , , , , , , , . , . , , , , , , . , , , , , , . . , . , , , , , , . , , , , . , . . , . . . . . , , 4. 30 , b Dlvld.od loco"",. , .. , . .. .. . , . , .. , . . , , , .. .." " . . , .. . , . , .. .. .. . .. . .. .. . , , , , . . . .. . 4b l 0 Royalty Incorno. , " , , , , , , , , , I , , , " . . , " I , "", , . " , , , I , . ,." , " , "" , . . ,. , . , I , , , 40 - -. 0 d N.I .hart-Iarm capllal gain (1000) "'lIech Schodlllo 0 (Form 1120S)) , , . , . . . , . . . , , . , . . . . . , . . , f-~d a - . . N.llong-Iorm oapllal gain (Iooo)(ellach Schodlllo 0 (Form 1120S)) ,. . , , , , , , . . . , . , , , , . , . . , , 4. 1 Olher portfolio Inooroo (Ioa')(allach sohodlllo), . " " , , . . . . , , , . , , . . , , , , . . . . . . . , , . , . . . , ' , -I-- 41 5 Net gain (Io,a) undor 8OOIIon 1201 (othor thao duo 10 ca,,,alty or Iholl) (allach Form 4797) , . . . . , , 5 - e Olher Income (1009) (allach sohadllla), , , , . . , . , ".. , . , , , . , . , . , , , , . . . , , , , . , . , . . , . . . , , , , e -- -- -- 0 7 Ch.rtlablo oon1T1bullono (,.. In,lrucllon,) (1lIlch schadul.). . . . , , , . . , . , , , . . . . , , , , , , . , , , , . , 7 E 8 SooUon 179uxp.n.. d.ducUon (allsoh Form 45621, , . , , , , , , , , , . . . . . , . . , , . , , , , , . . . . , . , . , 8 751 , DoducUonsrolll.d 10 portfolIo Income (lo..)(llao;,o) . . , , . , , , , , . . . . , , , , , , , , , , . , . . , . . . , . . , (l -- - 10 Olh.r doducUon. (allach ,chodulo) , . , , . , , . , , , , , , . . , . . , . , . , , . . . , , , , . . . , . . . . . . , , . , . , . 10 -- ~ N 11 I Inl.real..pen.. nn Inv.,lmenl debl', .. . " . , "." . . .. . , . , , , " .. , .. , . , .. . . , . .. . , .. . , , 111 V T 111>(1\ 30 - T R b (1) Inv..onontlnoome Included on IInoa 4a, 4b, 4C, ,nd 41 abovo . , , , , , . , , , , , , , , , . , . , , , , , , , .. ~ /2\ Invealmonl .xoon..' Includod on IIno 9 alx>ve" , . . . , . , . . . , . , , . . , . . , . , , , . . . , . . , , , . , . 111>(2) .o- J - 12. Crodlllor aiO()hol u,od ao 011101 (allach Form 11476)" . . , . . . , , . , , , . . , , , , , . , . . . . , , , . , . . . . . 121 - b Low-Incomo l1ouoll1g Clodll (,.. plgo 10 of Iho In'lrucUono): ;;'in (1) From par1ne,ohlp.10 which 9(IOUon 420)(5) appllo.lor proporty placod In .orvlco beloro 1990 , 1211(i, (2) Olho< Ihln on line 12b(1) lor proporty plsood In sorvlco oelore 1990 , . . . , . , . . , , . , . . , . , . , . 12b12\ 0 (3) From plrtner.hlp'lo which "",lion 420)(5) eppllo.lor proporty pllced In .orvlco a<<or 1909, . , 12b(3) R - E (4) Olhar Ihan on IIn012b(3) lor proporty placod In ,orvlco a<<or 1989, , , . . , . . . , , , , . . . . . . . . , , '~14) 0 - I 0 Ollallllo1l IOhabllllatlon oxpondllur.. ,olalod 10 ronlel roal o.lalo aetlvltlo. /,'@/i' T a (1lIaoh Form 0468) .. . .. . , , .. .. , .. . . , .. .. " . .. . .. , . . , . . .. .. .. . . , , , , , . . . . .. . . .. . .. 120 y,,>, - d Credll. (olho' Ihan crodll. .hown on IIno, 12b .nd 120) felalod to rontal r€'aJ 9s1aln acllvlllos . . , , , , , , , . " , . , , , , , . , . . , , , , I , . . , , , , . , . , , . , , , . . , . , 12d .. . Credll. rolllod 10 olhor ronlal actlvlll.. . . , . , , . . , , , . , . . . . . . . . , , , , , , . . , . . . . , , . , . , . . . , . . , 120 13 Other CfAdlls, . . . , , , . . , . , , , , , , , . , , , , , , , ,.". , , , , , , , , , , , , , , , , , , , , , , , , , . . , . , . , I , , , 13 f-- A p 14. OeproollUon Idluolment on proparty plsood in 'orvlce aile, 1996 "".. . . . , ,. . . , . , . , . , . . . . . 14. -4.241 0 J A b AdJu.lod gain or 10.. '."".,..",.,.,..'"..,..,.... , . . . . . . , , , , , . . . . . , . , . . , , , , , , 14b E I F T 0 Ooplollon (olhor Ihan 011 end ga.) , , . , . , . . . . , ".. . . . , . . . , , . , . . . . . . . , . , , . . . . , . , , . , . . . . 140 E & R E .. d (1) Grosalncornu from all, gas, or goothsrmw propertlo8, , , , , , , , , , , , . , I , , , , , , , , , , , , I , , , . , 14d111 E . T N (2) OoducUons allooable to 011, ya., or goolhormal proportle.. . . . . . , , . . . , . . . . . . . . , , , , , . . , , . 14d(2) c A E X . Other adju.lmenl9 .nd lax proloronco lIorns (atlach .ohodulo), . , . , , . , . , . , , , . , , , , ., , , , , , , , , 140 15. Typ. of Income ~ 1"7'",1':' ---- f b Name ollorolgn country or U,S. possouslon ~ 0 T 0 Tolal orooo lnoome Irom .ourco. oul.l1Ie Iho Unltod Slals. (aUach .ehodulo) . , , . , . , . . . . . , . , . . 150 R A E . d Tolll Ippllcable 1I.ductlon. Ind 10.... (allaoh "hadulo), , ' . . , . . , , , . . , . , , . . . . , , . , , , . , . , . , 15d I E Q . 0 TOlalloralgn 18l<ea (chock ono): ~ 0 Paid o Accruod. . . . . . , . . . , . . . . . ,. . . , , . , , . . . , . , , 150 H 1 Aodycllon In t..e, Ivalloblo lor Clodl' (aUlch .chodulo). . , , . , . , , , . , . . , , . . . . . . , . , . , , . , , , , . 151 a Olher lorelgn I"" Information (allaah schodula), . , , , . . , ..,."""."."..,......",..., 15a 18 Sootlon 59(0)(2) o.pondlluro.: I Typo ~ b Amount.. , . . . . , . . . , , , , . , . , , .. . , , , .. , ..".. , , .. , , . . , . .... .... '" .. . . . .. . . , . , , .. leb 17 Tax-oxompl Inloro.' Incomo , . , . , , . . , , . . . . . , , , . , . . . . . , . , , , , . . . . . . . , , , . . . , . , , . . , , . . . 17 18 Olher lax-o.empllnccmo, .. , .. , . , , , , , .. . " .. , , .. ' . . . . , .. .. .. . .. . .. . . . , .. , . . . .. .. , 18 -- 0 T l' Nondeduollble o.pona09, .. . , , , .. , , , . , .. . " . .. . . .. . . . , .. .. .. .. .. , .. . , . . . , . . , .. .. , . 19 " E 20 Tolal proporly di.lrlbutlon. (Including ca.h) olhor than dlvldonds roportod on IIno 22 bolow , . . , , , 20 R r\i' 21 Othor 1I0ms and lmount. raqulro1l 10 bo roport.d ,opar.'oly 10 .h.roholdor. (allloh sohodulo), 22 TOlal dlvldond dl.trlbutlon. paid Irom acoumulal.d olrnlng. and prolll. , . , , , . . , . , , , . . . , ",', 22 23 Inoom. (10"). (Requlrod only tI Schodulo M-l mll.1 bo camplolod,) COn1blna IInos 1 Ihrough 6 - In column fb'.' From tho rnaull, 8ublrac:llho Bum olllno!l 7 through 118,.150, nnd 16b. , . . . . . . . . . 23 12.268 COLE'S BICYCLES INC. Shareholdera' Shortl6 01 Income Credlt!J Deductions, etc 25-1647987 1 Cosh"."."""".",..,."."""'~"" :za Tr.do nolo. and .r.count. rll('A)lvabla , , . , , . . , , , . , b Lo.. allow.nco lor b.d dobl. " " " " . " . " " " 3 Invonlorl....,.."""",,,.,,,,,,,,,.,,,,,, 4 U,S. Govornmonl obllg.llon. . . , , . , , . , , . . . , . , . , , 6 T.......mpt .ocorlUoo , . . , . . . , , , . , , , . , . . . , , . . , 8 Olhor curront ....t. (.Ilsch schodulo), , , , . , , . . . , . 7 Lo.n. to .hBlOhold818 . . . , . . . . , , , . . . , . , . , . . , , , I Mortglg. .nd ,.aI ..t.l. loin. , . . , , . , . . . , . , . , . . . Other Investmonl. (.ttsch sch.dul.) , , . , , . , . , . . . . 10. Building. .nd olhor doprocloblo ..901. , , . , . , . , . , , b LOBS .ccumul.lod doprocl.Uon , , , , , , , , , . , . . . , , . I,. Dep'ol.blo .....t., " . , ". , " , . . . ". , . " " " , , b Loss .ccumul.tod depklUon, . , . . . , . . . . , , , , . , , . . 12 L.nd (not 01 .ny .morllzallon) , , . , , . , , . , , . . . . , , . 1301 Inl.ng!blo ....1. (amortlz.blo only) . , , . , . , , , , . , , . b LOBS accumul.lod amortlz.llon . , , . . , , . , , . , , . . . . 14 Othor ossol. (.Usch ochodulo). , , . ,. ,. ,S.t.. ,!\. 16 Tolal .lISol' , , , . , . . . , , , , . , . . . , . , . . . , . , , , . , . . UablllU.o Ind Shlr.hold.r.' Equity 18 Accounmp.y"blo,... ... ,.,.... ,.",." ",., 17 Mortg.go., notoo, bond. pay.bloln loss lh.n 1 yoar. II Othor curront lIablllllos (.tt.ch ochodulo) ,S.t.. ,!i . 18 loans from sharoholders, . . , . . , . . , , . , . , . , , . , . . 20 Mor1gages. noles, bonds payablo In 1 yoer or moro . 21 01"'" 1I1b1lll1o. (.tt.ch schodulo) . , . . . . . s,t .. . 6 . '12 CeplloJ.tock."".,.""......,,,..,,,,,,.. ~3 Paid-In or cepltal ""'Plu.. . . , . . . , , . . , , , . , , , , . . . 24 Rolalnod oBlnlng. . . . .. . " . . . , , .. , . , . " , .. " , 25 Loss co.t 01 tr08lllJry .tock.. , .. . . , , .. . , " . , " . . ~1.III.bllllles .nd oh.rohold.r.' oqulty , , . , , , . . , . , 253 662 240 , B 8 2 ~hedule M-.1J Reconciliation of Income (Loss) per Books With Income (Loss) per Return (You Ir. nol r.qulr.d to -====='_ compl.l. thl. 1~.dul.1t Ih.lo18I....18 o~n. 16, oolumn (d), 01 Sch.dul. L .r. I... th.n $26,000,) I Nollncomo (10'.) por book. . , , , . . , , . . , , , , , . , . . . 12 26 B 6 I"como rocord.d on book. Ihl. yo.r nol 2 Incomo Inclulled on Sohodulo K, IInoo 1 Includod on Schodul. K, IIno. 1 Ihrough through 8, not reoorded on book. thl. 6 (11.10[.0): YSlr (11.mI.6): . r",,-o.ompt Inloro.1 $ COLE'S BICYCLES INC. 25-16479B7 Hula-nee Shee'ta -_._-_.~- ----~;;;;,;;;,l;;-;;;~~.~ -------;;;d-olla.....ar A..... ..-.-- -"1'1--- -.--10.1-.--. -- 1<1 --1"-- ~---......------ ----_._.__..._~--- _______"""._ _ 38 &~~ ____ 6,296' ______...h.Q.Q. 5 P..lI~ ---:2 ,0'05 _~07141l 231,778- 5 354 2'7 , 266 24,45B 2 BOB .~-......... 1 -253662 31 726 ~B, 777 24 000 19,626 95 726 100 77 -51 000 590 3BO 1 100,000 77 590 -39 112 .-, 3 Elcp.noos reoordod or. book. thl. yo.r not Includsd on Schedukl K" Ilnns I through 11a, Hie, and 16b (It.mlzo): a Deprocl.Uon $ b Travel .nd .nlort.lnmonl $ 8 Doducllon.lnclud.d on Schodulo K, line. 1 througI111., 150, and 16b, nol ch.rg.d .g.ln91 book Incomo Ihl. yo.r (1Ion..o): . Doprnel.tlon $ 7 Add IIno. 5 .nd 6, . . . , .. " , . . . .. , " . , , ..!2dd lines 1 through 3 . , . . . , , . . . , , . , . , , , , . . . , , , 12 268 8 Income jl0A5j(9chldull K. Un. 231. line 4t I.ullne 7 . r......: . '''I Analysis of Accumulated Adjustments Account, Other Adjustments Account, and ~duleM~ Shareholders' Undistributed Taxable Income Previously Taxed ('00 p.go 22 ollh. In.lructlon.) o 12,26B IIIAccumu\lll.d IdJullm.nl..ccnunt (blOther adJultmlntl ,"ccoun! (c)8har.holdl"'undl.lrlbut.d t... bl.lnco m. p'....lou.IV taud I BoJ.nce.t beginning oltax yo.r , . . , . . , , , . , , , . . , . 2 Ordinary Incomo Irom p.g. '1, IIno 21 , , .., , .. , , , . . 3 Olher .ddlllon. . . . . ,See, statement, 7. , 4 LollS from p.go 1, IIno 2t .............".. .." 6 Olh.r roductlon. . . . ,See, sta tement , a , 6 Comblno IIno. 1 through 5 ...' , . , , . , , , , , . . , . , , . 7 DI.trlbutlon. othor lh.n dlvldond dl,lrlbutlon. , , . . , . , ~ 8'lan~~yur.~~~~~~... -7~..(L5- _---1.2,9B9 30 ----- 751 -60,027 ~915 -60 027 _~lJ_!..5_ SCHEDULE K-1 (Form 11205) Shareholder's Share of Income, Credits, Deductions, etc. OMII No, lS4S,O!J1I II, 8ft. ...,... Inl.ruotlon.. J_plflmlnl ollhl r,...UfV For calondar vonr 1005 or la)( YOM Inllilnll n.v,nu. D.r....lt:' Innln 11 01 I 1000, nnd nndll1c 10 31 10 96 Sllo,oll.lde". Id~.!!.lytng rum~.~ ~ 2 io - 26 - 9 9 4 4 _____ ..9.~o'atlon'o Idantllylng numb~' ~ 2 5 -16 47987 ShO/oholdor'. nsmo, oddr..., ond ZIP coda Co,pornllo"'. ""1m, add,o." a"d ZIP coda LEONARD C. COLE COLE'S BICYCLES INC. 327 NORTH FRONT STREET 327 N. HANOVER STREET CARLISLE, PA 17013 ______________~ARLISLEr PA 17013 . ----- 1995 A 5haroholda,'. pe'cenlago 01 Slock owoershlp lor lax yoa, (000 I"olrucllo"o 10' Schodulo K-l), . . . . . . , , , , , . , . . , , , , , . . , , . , , , " 8 Inlorna! A.vonuo Ser.1ce Cent., whore co'porollon iliad 110 roturn " Ph i lade lph ia, PA C Tax ohollor raglo"aUon number (BOO InolJUcllonolor Sohodulo K-l) . , , , . , , . . . . , . , . . , , , , . , , . . " D Chock appllcabkl bo~oo: (1) 0 Final K-1 (2) 0 Amendod K-l - 53.6% (a) P,o roc. aha,. 1I00na (b) Amount (c) Form 1040 11I..0 .nlor --- tha amcuntln column (b) c~,-- 1 Ordlnlll'f Income (1088) Irom "ado cr bu.lno.. oollvlllo. , , , . , , . , , , , , . , , , , , , , I 6.962 J s.. p.,..' "d' 0' lh. 2 NOllncome (1088) Irom renlol '001 001010 acllvllloD . , . , , . , , , , . . . , , , . , , , . , . , , 2 Bha',hold.,',I""luellon. 3 Not Income (1088) hem olhorronla! acUvlll08 . , . , .. . . .. , , , .. , , , . , . , , .. , . , . 3 for SchldulCl K~ I (Folm 'HOg), I 22- N 4 Portfolio Income (Ioos): c 0 a Interest."".,."., """"""",,,,,,",",""""",,,",," 4a 16 Soh, e, Pan I, line 1 .. E b Dividends.. . , , " , , , , . , .. . .. .. .. " .. .. . , . .. . .. , .. .. .. .. , , , , .. .. " 4b Soh, e, Pan II, IIno 5 \ c Royalties, , . , , , , . , , , , , , . , , , . . . , , , , . . , . . , . , , , , , . , . . , , , , , . , . . , , , , , . 40 Soh. e, Pan I, IIno 4 L d NSlsho'l-Iorm capital gain (loss) .... , , .. " .. , , , .. .. . , .. , " , , , , .. .. .. . 4d 5ch. D, IIno 0, col, (n or (g) 0 . o NOllong-lonn caplla' gain (1088)" .. . , " , .. .. .. , .. , , . " , .. . , , . . . .. , .. , 4' Soh. D, IIno 13, 001, In or (m s I 01her portfolio Income (1088)(allaoh oohodulo) . . . . . . . , . , . . , , . . . . . . . . . , . . . 41 (Enl.rofl.ppll~bloljn'olyoufr.luln) 5 Nol gain (1088) undO' secllon 1231 S"Sh'reholder',ln'!lUcllnnt (olher lha" duo 10 casually o"holt)... , ".. , . , . , .. .. . . ,,,.. , . . . , . .. , , , , 5 for Soh.dut. K~ 1(Form 11~OS~ 8 OlhOl Income Ilo..\/allaoh schodul.\. " .. . , , .. , , , .. . . .. .. .. . . , , . . , . , " 8 (En I., on,ppllcablfl tin. of your return) OT 7 Charll.blo conll1bullons (allach schodulo). . . . . , . . , , . , , . , , , , , , . . . . , . , . . . . 7 Soh. A, line 15 or 16 E I 8 SGCllon 170 eKpOnso doducllon.. , ... .. .. . . , .. . . .. . , , .. .. , . . . , , .. .. . " 8 40:i J ... p"" orth. .h".hold,,'. 00 UN II OoducUOn. ,olaled 10 por11ollo Income (10..) (ollach .chodulo), , .' , . . . . , . , ,.. II 1",lluellon' fo,Sah'dul. K-I c. (Form tuaS). - 10 Olhor doducllon. (alloch schodulo). , , . , , , , , . . , , . . , . . . . , , , . . . . . , . , . , . . , 10 ~..~ 111 IntO'08t e~psn80 on Invoslmonl debls . .. , , . , .. , . .. .. . . , , , .. . . . . " .. .. . , lIa Form 4052, IIno 1 VET b (I) InVOSlmenllncoroo Includod on IIn08 40, 4b, 40, end 41 abovo . , , , . , . , . , , , bll1 16 } s,. Sh",hold.,'.lnttlUctlont ENR ~T~ (2) Inv..llmnl.~pono08lncludod on IIno G abovo , . , . . . , . . . . , . . . . . . . . , , . . bi21 fo, Soh.dult K~ t (rorm 1120.'3), 12. Cr.dlllo' a!cohol usod as fuel. .. , , , , . .. . , . " . , . .. . . , . .. . , . . . . . .. . , .. . 12a Form 8476, IIno 10 h Low.lncoma housing crodit: ~ (1) From soollon 42U)(5) partnorDhlpolo, proporty placod In Dorvlco bofo,o 1090, l Fonn 8586, IIno 5 (~) OlhOl Ihan on line 12b(l) for propsrly placed In so,vlco befo,o 1000, , , . . . . . b(21 c (3) From soollon 42U)(0) pannorshlps 10' p'oporty placod In oorvlce .It., 1080 . , 1>(3) R r. (4) Olhor Ihan on IIno 12b(3) 10' p'oporty placod In sorvlce allor 10ag . . . , , , . . , b/4) " I . Qualifted rohabllllallon oxpendlluros T 8 'olotod 10 ronla! '0.1 oslalo acllvlllos . , , , , , , . . , , , . , . , . . , , , , . . . . . . , . , . . . , 12c d C,odlls (olhor Ihan crodU. .hown on IIno. 12b and 12c) ,olalod 10 ,onlal '001 j-'. . ..... ......... oslalo acllvlllos . , , , , . , . , , . , . . , , , , . . . . . . . . . . , , . , . , . , , . , . , , , , , . . . , , . 12d lnttructlon. for SchtdulllK-1 128 (Form 1120S~ 0 C,odlls 'olalod 10 olho"Onla! acllvlllos .. , , . , , , , , .. . . , .. .. , , . . , . , . .. , , , . 13 Olhor credlla , . , . , , , , . , , . , . , , , .. . " , .. .. , , .. , . , .. .. . , . . . , . .. , , , , , , 13 A 14a D.p,oolallon adluDlmonl on proporty placod In sorvlco altor 10as. . . , , . , . , , . . . 14a -2.273 l-'~"'~ ~T b AdJuslod gain or loss, . , , .. . , .. .. , , , " . .. , . . . , , .. . , , , .. . . , , , . .. , .. . . 14b ShO/oholdor'D u A I InslrucUomllor S~T c Doplollon (olho' Ihan 011 Dnd gao) , , , " .. , . , , , , . , . . .. , , , .. , , . . . , , , .. .. . 140 T 'I f: (1) Gross Income from 011, gas, or goolhormal proportlos . . . . . . . . . , . . . . . . , . . dOl Soh.dulo K-l ..... d -- (Form 11205) ~f.8 (2) Doducllons a!locablo 10 011, go., or goolhormal proportl... . . , , , , , , , . . , , , . ~. ---- and Instruction!! T F Olho( adJU!llmonls and lal( prolmonco lloms (l'll1ach nchodulo\ . . . . . . . . . fo, Form a~51, -' . ' . , . . 14, For Paperwork Aeduotlon Ac! Notice, ae. page 1 o11nalructlcms for Form 1120U. Shareholder 1 Page 2 Not Applicable Sch.dulo K-l (Fo,m 11205) 199fi Kf'A SCHEDULE K-1 (Form 1120S) tM1I1""g'g"S"'''O ... ... s.. 8eplrl~. In.truallon.. J.part'","t ollh. Tr."lJuty For c.alondar voar 199~ or tax voar Inl'In,I n.v.nu't Slrvle. Innln 11 01 1095, and on~ 10 /31 ! 19 96 Sh~'.h,!!~'" Id.~~g numb., ~ 1. 7 4 - 46 - 6 J 2 6 Co o,allon'. Id.nllfylng numb." ~ 2 5 -16 472 B 7 Sh.,oholdor's n.,oo, sdd,..., and ZIP codo Corporsllon's nsmo, sdd,o.s, ond ZIP codo MICHAEL COLE COLE'S BICYCLES INC. P.O. BOX 321 327 N. HANOVER STREET BOILING SPRINGS, PA 17007 CARLISLE, PA 17013 Shareholder's Share of Income, Credits, Deductions, etc. A ShIVoholdor's porcontogo of otock ownornhlp lor tOJ< yoo, (.00 In.lrucllonslor Sehodulo K-l), .. ,. . . , .. , . . . , ... ,. , " . ,. ... ~ B Inlornal Revenue Sorvloo Contor whe,o corporotlon flied lis rolurn ~ ph i 1 ade 1 ph i a ,_ P A C Tox ohollor ,aglst,ollon numbor (see Instructions lor Sehodulo K-l) , , . , . . , . , , . , , , . . . , . , , , , . , ~ o Chock IIpplloable be.os: (1) 0 Final K-l (2) 0 Amsndod K-l 23.2% - (a) p,o ,a" oha,a Itamo (b) Amount (0) Form 1040 mo,. anta, lha amount tn column (b) on: I OrdlnalY Incomo (loss) Irom lIado or OOslnoss ar.llvlllos . . , . , , , . . . . . , . , , . , . , I 3.014 J s.. p..... on" olth. 2 Not Incoms (1098) ~om ,enlal reolestole acllvlllos , . , . . , . . , , , . , , . . . . . . . . , . . 2 Sharehotd.,'.ln.lruellon, 3 Notlncomo (1098) Irom otho"ontal acllvlllos. . . . , , , . . , . , . , , , , . , , , . , , . . , , , 3 lorSch.riul.K.1(Form 11l0S). , I1Q.2 N 4 Port1ollo Income (loss): c 0 . Interest,...",........."..,.,.,.,.,.".,.",."",..",...,." , ~ 7 Seh. a, P8rt I, IIno 1 " -- E b Dividends. . .. .. . , , . . .. .. . . , .. , .. , .. . . .. . , . .. , .. ". , . , , , . .. , . . .. , 4b -- Seh. a, pon II, line 5 \ 0 Royalties. . . . , ..' .. . , .. .. , . , .. .. . . .. . . .. , . .. . , , .. .. . . . . . .. . , , , . .. 40 Seh, e, Pltll, line 4 L d NOlshon-lorm ollpltal gain (loss) .... , .. . . . . , , , .. .. . .. " . . . .. , . .. . . , . . 4d Seh. 0, line 5, COI. (n or (g) 0 0 a Nst Iong-Ionn copltal gain (loss) . , , , , . . .. . . , , , . , .. , . , .. . , . , , , .. . .. . , , . 4. Seh, 0, IIno 13, col, (n or (g) 0 1 Olher port1ollo Income (1098) (""och sohodulo) , . . . , , , , , . , , . . . . . . , , , , , , . , , 41 (Entlron,ppUwbl. UntO' your "lurn) 5 Not gain (1098) undor section 1231 e.. Sh".holdl,'.ln.trur.tlonl (other lhon duo 10 cosualty or Iholl).. . . .. , . , . , , . .. , . .. , .. , , . , .. .. .. , .. , 5 tor Sch.d"I, K~ I(Fo,n'! 1 UOS~ 8 Other Income lloss)(olloch achodulo\. . . , , , , , .. . , .. . .. " . . . , . . .. : . .. , .. 8 (Enl"Dn.ppli~bl.llnt1olyuur'.tu/l\l Dr 7 Chortlablo contrlbullons (all8ch sohedulo). . . , . . , , , . . . . , ,. , , . . , , , . . . , , . . . 7 Seh. A, IIno15 or 16 E , 8 So<:tlon 170 o.pense doductlon. , ,. . . . , . . . . , , . . , . . . , , ,. , . , , , , . . , . , , , , . 8 174 J s.. P'S'. .I'h. Sh...hold..', DO UN 9 Deductlono ,olalod 10 port1ollo Incoms (loss) (olloch sohedUlo), , , , . . , , , , , , . . , 9 Inltructlon, 10' Sch.dul. K-l Co (Form 1120S~ - 10 Olher doductlons (olloch sohodulo). . , . . . . . . , . , . , . . . . .. . . , , . . . . , . . , , . . . 10 NM~ 11. 1010fO$1 expense on Invoslrnont dabts . . , , . , . , . . . , . . , . . , , . , , . . , . , , , . , . , , ". Form 4952, line 1 VET b (1) Investmontlncome Includod on lines 48, 4b, 4C, and 41 above. . . , , . , , , , . , bill -~ } s.. Sh.r.hold.,',lnllfuotlont ENA !T~ /2\ Invoslmonl o.oonsos Includod on IIno 0 abevo . , . . , . , . . . . . . . , , . . . , , . , , bl2\ lor Soh.dul. K-l (Form 11205). 12. C/odllfor alcohol used as fuol. .. .. . . . , . . .. .. . . , , , . .. .. . , , , , .. . . .. . , . , 12. Form 6476, line 10 b Low-Income housing credit: ~ (1) From section 42(1)(5) partnerships for property placed In sorvlr.o bolorol000, I form 8586, IIno 5 (2) Olher than on line 12b(1) lor proporty ploced In SOrvlCll bolore 1090. . . , . , . . I bl2\ c (3) From section 42(j)(f,) portnorshlps for proporty placod In s.IVlce alia' 1999 , . I b(3) R E (4) Olhor It,on on 11110 12b(3) lor property plocod In sorvlco alior la69 , , . , , , . . , I bl41 0 , 0 QuallOod rehobllltotlon o.pondlluros r a relalod to rontal real ostale actlvltlos . .. . . . . , . , . , , , . .. .. . . . . . , .. . . , .. . , . 12c d C/odlla (other It,on credlls shown on lines 12b .nd 12c) ,ololod to ronlal rool ! ..... ,., ..........., estlteaallvltlos ,.,.,..,.".", I.'."..,..,.....".,....".,..,.,., 12d In.l,ucUon.lo, 6chldull 1(-1 (Form 11208). a Crodll. rol810d 10 otho"onlal actlvltlos .. . . , . , . . , , , .. , .. , . , , . .. . . , . .. . .. 12a 13 Otha,credlts...".".,.""".".,.,..",...,..",..".,.""'" , 13 A 14a Dop,ocIallon adJuslmenl on proparty plocod In service oliO' 10a6. . , , , . . . , . , . , 14a -984 r'" "". ~T b Adjusted galn or 1098. , " , . , .... , , , .. . , , . , ". , , .... . . . . . . , .. , , . , . .. , 14b Sh.,oholdor's "A, Instructions tor a'T 0 Ooplotlon (othor Ihon 011 and gas) , . .. . . , . .. , .. , . . .. .. . , . . . . . .. . .. .. , , . 140 Schedule K-l T r [ <1(1 "A" d (I) G'098lncomo Irom 011, gos, or geothermal proportlo. , . , . . . . . . . , , . . , , , , . (Form 112OS) EEs (2) Doducllons allocoblo 10 011, gas, or geotho,m.1 propOltlos. , . . . , , . , , . , . . . , .!!i~ and Instructions NF T Othor adluatmenls ond la. pr.I",ollce itams (olt.ch schodul.', , , . , , . , , . , , . , , lor Form 6;'51- . a 14a Fo, Pop.rworl< RoduoUon ",al NoUca, a.. paga I ollnslruollono '0' Fo,m 1120S. Shareholder 2 Page 2 Not Applicable Sohodula K-1 (Form I 120S) 1995 'FA SCHEDULE K-1 (Form 11205) Shareholder's Share of Income, Credits, Deductions, etc. OMO Nil. 1&4!'t,,0130 II- Soe separ.I. InlttuotJonl. J.plttm.ntoflh.1r....urv For calandar yo.r 1005 Of tAX yotl( Int.rnal RennuI S,rvlu Innln 11 01 I 1095, Rnd omUIl 10 J 1 ,10 96 Sh.rlholclor'.lcIonU!y!!'g number~1 7..1:'4 6-63~ 5 ~or.tlon'.ldlntlly!!,g numb.r" .;l5-164 7 9i!:' Sh81eholdor's namo, addr985, end ZIP coda CorpornUon'a namo, addross, and ZIP cado CINDA COLE SHANNON COLE'S BICYCLES INC. 809 FACTORY STREET 327 N. HANOVER STREET CARLSILE, PA 17013 CARLISLE, PA 17013 1995 A Sh.,eholder'e percenlage ol.lock ownership for II)( ye., (.00 In."uellon. lor Schodule K-1). , . . , , , . . , . . . , . , . , . . . , . , , . . . . .. B In'orna' Revonuo SONlce Cenlor who,o corporallon mod II. roluln .. !,hiladelphi~ PA C rox sholler reglstrallon numbor (GOO Inslruollonslo, Sehodulo K-1) , . , . , , . , , , , . , , . , , . . , . . , . . .. D Check .pplle.ble box..: (1) 0 Final K-1 (2) 0 Amondod K-1 -- 23.2% (.) Pro r.... oh.rl ""ma (b) Amount (0) Form 1040 m.ra Inl., \hI .mounlln column (b) on: 1 Ordlnasy Income (1099) from I..do or bu.ln..a aellvlll.. . . . , . . , . . . , , . . . . , , . . I 3.013 IS.. ........,. 01". 2 Nel Income (1098) from renlal real oslale aeUvlllos . . , , , . . . . , , . . . . , , , . , . . . , , 2 Shl"hold.r',lnllructlons 3 Nellncomo (1080) Irom olher renlalaellvlll.. , . . . . , , , , . . , . . . , , , . , . . . . . . . , , 3 lor Soh,dul. K~ I (Folm ; '205~ I N 4 Por1follo Income (1099): ~ c 0 . Inlerost ",. . ,."". . . ,. . , . ". . ..... . ,... , ..,. . ...."., .. . . . .., , . 7 Sch, B, Pan I, IIno '1 .. E b Olvldonds . . . . . , ,. . . . . , . . . . , . . , , . , , , . . . . . , , . , . . , . , . , , . , , , . . , . , 1 , . 4b Sch, B, Pan II, IIno 5 \ . Royaltle. . . . . . . . .. . , . . , . . . . , . . . . . , , , . . . , , . . . , , . , , .. . , , , . . . , , . , , . , 40 Sch. e, Pan I, line 4 l d Nel shon-Ierm e""ltal gain (Ios.) , . .. . , . . .. .. .. .. . , .. .. .. .. . .. . . , , .. .. 40 Seh. 0, IIno 5, col, (Q or (g) 0 . I N.I Iong"lsrm 0.",,1111 goln (Ioso) , , . . . , . . , . , , , . . . , , . , , . , , . , . . , , , , . , . , , , 41 Sch, 0, IIn. 13, col, (Q 0' (g) s 1 Olher por1follo Incomo (Ioes) (allach sehedul.) , , , . , , , . , . . , , . , , . , . . . . , . . . , 41 IEnt,r on "ppliuble Ilnl of your rllulrl) 5 Net gain (1080) undor """lion 1231 s.. Shlr.holdtr','nehucllone (olher than duo '0 e..ually or lhelt) , . . , , , , . . , . . , . . . . , , , , , , . .. . . . , , , . , , , 5 lor Schldull I(wl(Fo,", 1120S), , Olher Incomo rlo99ltallaoh .chodule), . , . , , .. . , , .. . . .. , .. , , , , . , , . .. , , , . 8 (Enllton.pplle.llbte Iln.r.fyour,lIll1rnl DT 7 Chanlablo conl,IOOllons (allaeh schodul.). . . . . , , . , . . . , . . .. . , , . . , . . , . , . . . 7 Sch, A, line 15 or 18 E I e Sootlon 170 expen.e deduction. . . . . , . , , . . , , . . . . . . , , , , . , . . . . . , ' , , . . , . , 8 174 J Boo p.,...f Ih. Shmh.Id,,', DO UN e Deductions rolalod 10 ponlollo Incomo (loss) (allaeh sch.dule), . , . . . , , , , . . . , , 8 Inelruotionsfor Soh.dule K~l C. (Form 1UOS~ - 10 Olher doduellon. (_Mch sehedul~. . , , . . , , , , . . . . , . , , . , , . , , . . . , , , , 10 ~..~ III Inlerosl e'ponso on Inv..lmenl debls , , , , . . . . , . . . . . . . . .. . , . , . , . . . . . , , . . 11. -7 Form 4952, IIno 1 VET b (1) Invo.lmOnl Incomo [neludod onllnos 40, 4b, 4e, and 41 obove , . , . . , . , , , , . Ibl1l ) Su Sher.hold'''1 In.truc.l!on. EN. p~ 12\ Investman1 oxpanses Included on line 9 shove. , , . . , . . , , , , , , , , , . . , , . . , I bl2\ for Son,dull I(wl (FornI 1120'3), 12. C,.dlllo, alcohol usod as luol.. .. . , .. , , . , , , . , , , .. . , .. .. .. . , . . . , .. . , , , u. -- Fo,m 8478, IIno 10 b Low-Income housing credl!: .,'L (I) From soctlon 42U)(5) parlnor.hlps lor proporly pi_cod In 901'lleo bolor01900. ~. I Fe,m 0586, IIno 5 (2) Othor than en line 12b(1) 10' p,opo,ly plaeod In SOl'lleo bolo,e 19aO. , , ".. . b(2) c (3) From """lion 42(1)(5) pa~nol.hlps lor p,oporly plaeod In sOl'llco aher 1969 ,. I bl3\ n E (4) Olher Ihen on IIn012b(3) lor propony pl.ced In sel'llco altor 10a9 . , , , , . , , . b(4) 0 I c Qullilfled r.hobllltatlon o.pendlluros T 8 relalod 10 renlal roal .stalo .ctlvltles . . , . . . . . , , , . . . , , . . . . , . . . . , , . . . . . , , . 12c d Credit. (olhe' Ih.n cr.dll. shown onlln.. 12b and 12e) ,olalod 10 ronl.1 roal I""" , .".. ..."..,,~ ..'ale aotlvltles .. , . .. , . . . . .. , . , , .. , .. .. .. , , , . , . . .. .. . .. , . . .. , .. . , . 12d In.!ruot!on,'orSch,dulll(w\ Credll. r.laled 10 olho"onlal acllvllle. . . , , . . . , , , , . , , , . .. . . , . , . , , , , , , , . . 121 (Fo,m 112OS1. I 13 Othercrodlts""..,.".",.".",....."......"."."......,." , 13 A 14. Depr6Cla'lon adJuslmenl on p,oporly placod In sOl'lleo alto, 1966, , . . , . . . , , , . , 14. -984 Sos page 7 01 Iho ~T b Adjuslod goln er loss. , , . , . . . , . .. , ~. . .. , , .. . , , , , . , , " , , , , . . . . , , , , , . , 14b ----- Sharehnlde,'s uA, Ins!ruellons lor .xT 0 Doplellon (olhor Ihan 011 ond g..) . . . . , . . . , . . , . , , . , , . . , , . , , , . , . . , . . . . , . 14c Schsdulo K-1 T pI! ~~ ..... d (I) Gross Incomo Irom 011, gas, 0' geolhermal propanlos , , . , . . . , . . . , . . . . , , , ----- (Fo,m 11205) EEs (2) Oeduellon. alloeoble 10 011, gas, or goolllOrmal proporllos, , , , . , , , , . , , , , . . .nd Inslmellon. ~ F a I Olhor odluslmon'J ond tax proleronco llem.<J (attach schod~!!'J, , , . , . . . . , , , . , . 14. Ie, FOlm 6261. .' For PopIMOrl< Reduction Aut Notlcl, all page I olln.truellon.lor Form 11205. Shareholder 3 Page 2 Not Applicable Schedull K-I (Form 11205) 1995 KfA fotm 4562 Depreciation and Amortization (Including Information on LIsted Property) ... ~!!'-!!I?r.tft ~Io~~__~_ Altac:~ thla ferm to our relurn. OMntln.lll4H1I12 _._,,-~---~..,...... 1995 O'PIIlm.nlo'lh.l,.uUfY In\tln.IA.v.nu. Sftrvlo. 99 ~'rl'\IiII'hoWfl on "lutn AU4l0hm,"' 8. Illnc.NlI, 67 IdMtll~fl.nUJll_ - 25-1647907 -------_.-~-- COLE'S UICYCLES INC. n;;lnl.. Or "UvUy 10 whloh Ihlllofm ,.i.J;;.-----~_._..__h - -- - Form 1120S Cl'1rITT Elecllon-To Expenae-c-';rtainfiriglblc'Property (Secllon 179f- (Not.: If you ha.o any 'U.locl Propm1y,:.,::,mpl"!,,!Rr!~lo~lJ..YolI cornpl(Jln~.rll.) ._._.. 1 Mll)(lmum dollor IIm18110n. 11 an onlorprlal:' zone bU9lno8!1, 800 pngo 1 ollho Instructions. . . . , , , . . . . . , . . , , , , , , . , . a TOlal cO.I of socllon 179 propIHty plncAld In .0Nlco during Iho lax yonr. 500 pngo 2 011110 In'lrucllon., , , , , . . . , , , , . 3 Thro.hold 00.1 01 ooollon 179 propo"y bolo," rndllcllon In IIn>l.lIon , , . , , . , , . , , , . . , . , , , . , , , . , . . , , . , , , . . , . , , 4 Roduotlon In IImllatJon. Subtract line:) from Uno 2. II zoro or loss, enlor ~o- , , , , . , , , . . . . , , , , , , , . , . . . . . , . , , , , . . 5 Dollar 1Im11.lIon lor I"" yosr, Subtr.Clllno 4 'rom llno 1, If zoro or 10.', onlor -0-, If m.rrlod riling Boparatolv, 800 PAgO 2 <.!!.tho In!llnJcllon9. . . . , . . . . , , , , . . , , , , , , , . , , . , , , , . , . , . . , , , . , . , , , , . . '.' . . , , . , e "'I OIlCllpUon of p,oplfly (b) Coil {q Ellct.d oOlt 'AIr compressor 413 Equipment 338 1 17 5'00-' __ .~lw....___._. 2 751 3 $200,.'1:[0 4 0 6 17 500 413 338 7 U.led property. Enler amounl I'om II"" 27 .. .. .. , . , . . .. , .. , . . , .. .. .. , .. , . . .. . , , , . , . . , 7 0 a Tolal eleclod co.t of II8Ollon 179 proporty, Add smounl.ln column (c),lInos a and 7, . . . , , , . . . . , , . . , , . . . . . . . . , . a 8 Tenlsllve deducllon, Enlorlhs sm.llor 01 IIno 5 or IIn. 8 .. .. .. . . . , .. . .. .. , .. . . .. , , , . .. . . . . . , .. . , , . , .. . .. , 8 10 C.rryovor of dl.aJlowod deducllon from 1994, Soo psgo 2 0' Ihu In.lrllcllon. " , . , . , , , . , , , , . , , . , , , . . . . . . , , . , , 19 11 T..sble Incamo IIml.llon. Enlor Ih. .msller oll"".bl. Incomo (nollo..lhsn ZOIO) or IIno 5 (900 In.lrucllon.), , , , . , . . 11 12 Socllon 179 .xpon... deducllon. Add IIno. 9 .nd 10, bul do nolenlor ""ro Ih.n IIno 11, , . , . , , . . , . " . , , , , , , . , ., 12 !.L- Conyovor of dl..llow.d deducllon 10 1996, Add IIno. 9 snd 10, 10..lIno 12 . , , . . , , , , , . , , . , . ~ 13 0 Noto: Do nol use pan II or pan III below 'or IISlod proporty (AUlomoblloA, cortsln olhor vohlcl.., c.llul.r 1.lophon.., cortsln compulo.., or proporty u.od lor onlOI1a1nmont. rocroaUol1, or amusomont). lnatood, uso Part V lor 1i81od prClporty. HParq(1 MACRS Depreciation For Assets Plsced In Sel'l!.lce ONLY During Your 1995 Tax Year (Don'llocl, U'lod Proporly) Sections A .~ Gentr.' Alaet Account Election 14 If you nrw making the ektotlon under 1ll00l1on 100(1)(4) to group any llltH'" plac6d In "rvlce during the lax year Inlo one or more gon.r.1 .~I.ccounls, chock Ihl. boX"r p.~~lhO InJln,cllon.,' , , '.' , , . . , , , . , . , . , , . , , . , . , . . . . . . . , . . , . , . , . , . , . . . , , . . , ., .. 0 Cb} Monlh"nd (el nil II IOf d.pfeej"Uon Cal CII..lflClllonol pfop.rly YlAfplaced III (bullMUIInYUlmenl un (d) :"I~g~try COt1J:~tlon (I) M.lhl)d WI O,pr'clltlon dllducllon . ..,....Ie. onlv-.sulnl'ruc~!.l.!'- Secllon B -G.n.,aluepFlallon S .tom GDS Soo pAgO 2 011110 In.I,ucllon.. 751 --- 751 o _.1~2~ 751 !!U:-~~ b 5-y..r prop.rty o 7-Yo., pr~rty _!!. 10"y.or property o 15-yo.. prop.rty 1 2O-yo.r property ...J! Resldonll.1 r.nl.1 ~ --1!._Nonr..ldonlllli "01 pro~_ Soctlon C - Altornotlvo Do ,oclallon S .tom 1!.~ Cla..llf. '-3 __~_!?-yo.r _. _ Cl~ E![rt!!L1 other DeE!!'clatlon (Do NOllncludo U.I.d Proporty,) (Soo p.go 4 ollho 1".I",cllon., 17 GDS and ADS doducllon.lor ....1. plscod In ..Nlco In I"" yo." boglnnlng bolo," 1005 , , , , , , , , , , , . , . , , . , . . , , 18 Proporty .ublocllo 8ocllon 1811(~(1) oloollon ... . , , , . , , . , . . .. .. " .. , , , , , , .. . , , , , . . . . . .. , , , . , , , . . , , , . , , 18 ACRS and olhm d"procl.llo~ ' . .. , , , , . , , , , , , , , . , , .. , , , , . , , " , , , , . , , . , , , , , , , , , , , , , . , " . , . . . .. . , . , , . ll!!!!!f!Y.l SUmmary (500 p.go 4 ollh. In.trucllon..) ao L1.lod proporty, Enlor amounl from IIn. 29 , , , . , . . , , , , , , , . . , . , , , , . , , . . , , , , , , . , . , . , . . , , . , , , , . , , , . , , . . , , 21 Tolal. Add doducllon. on linn 12, IIno.15 snd 161n column (g), ond IIns. 17lhrollgI120, Enlar horn and on tho npproprlalo IInos 01 your rDlurn. PlIrll1orshlp8 and S corporations ~ 800 InalHlCllons . , , , , . , , , . 22 For 11950ls sllown abovo and placod In 9orvlco durIng tho cuneol year, onlor thu pOlllon __of lhn ba~i~ nUflbuhlblo 10 hoetion 26:.1A_CO!lt9. . . . . .. ....,.,.....,.... KfA For Paperwork Reductlon Act Notice, see page 1 of the separate InslrucUons. . 17 18 18 2 546 aD 21 a2 Form 4562 (1905) 1995 Federal Statements Page 1 ,_~~__~____~_~~_______.._...__~____>.n_._._~__ COLE'S BICYCI.ES INC. 25-1647987 Client 13399 Statement 1 Form 11205, Line 5 other Income other income $ 20B .............., I..."..,.....,..t....,., t,t......, 20B Statement 2 form 11205, Line 19 other Ded~cllon/) Auto expensa catalogs Credit Card Fees Insurance ....... Legal & Accounting Membership and dues Miscellaneous Office supplies Postage ...... Shipping (UPS) Shop supplies Telephone Trash services Utilities ..... ... , Statement 3 Form 11205, Schedule A, Line 5 other Cosl8 Total $ ,,1:l1.-lIlIfa_CII=== . . . . It' . . . . . $ 1,50B .. . . .. . . . . ..., . . . . . . . . . . 504 . . ... . . . . . . . . . ,. .. . . .. . . .. . . 3,145 . . . . .. .. . . . . . 7,B12 . . .. . . . . . . . . . 1,675 .. . .. . .. . .. 125 . . . . . . .. .. . .. . . . 3,334 .. . .. . . . . . . 2,152 . . . . . ,.. . . . . . . 355 .. . . . . . . . 62 .. . . .. . . . . 1,421 . . . . 3,122 . . ... , . . . . ... 1,150 ... . . . t,., . . 3,359 Total $ 29,724 =:;:::1=======:= Freight ................. Ii . . . " Ii;, ",'11 -, t-,. ,,', . . ".. . , . . . , , . . .. , " $ 5,645 $ 5,645 Total .==;;;=-==I=C= I f 1995 - C;le;1 13399 Federal Statements Page 2 COLE'S BICVCL ES INC. 26-1647987 Slelemenl 4 Form 1120S, Schedule L, Line 14 Olher ASBelt Total Beginning Ending ---------- ---------- $ 1 $ 0 $ 1 $ 0 1ftI_=_..talI:a==m *=========== RO\lnding ....,. I,' , . . . . " . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stalement 6 Form 11205, Sohedule L, Line 18 Olher Current Liabilities Beginning Ending Total 1,757 $ 154 143 10,776 2,704 16,192 o 31,726 $ 1,280 o 4 17,217 300 o 825 Sales tax payable ......................,........,.. $ . Accrued payroll taxes .............................. Payroll withholdings ......................... ...... Lay-away-liability .......... I . . . .. . . . . . It . . .. . . , . . . . Accr.ued wages ...................................... Accrued pension .................................... Customer deposits ................................... $ 19,626 ==..======= ========== Statement 6 Form 11205, Schedule L, Line 21 Other Llabllltlea Beginning Ending ---------- ---------- Total o $ o $ 1 Rounding . . . . . . . . . I I I . . . I I . . I I Ii "1 . . I I . I . I I ~.. I " . . '.' .. $ $ 1 .ZilI==~_l:lal=Cl:I ========== U.S. Income Tax Return for an 5 corporauo:J OMnNn.1M6-013O .. Do not III. Ihl. 'om, "nl... th. corpo,aUon h.. tlm.ly fII.d O,p.'lrMnlol th.r,.I.UIV Form 2M3 to _Ieot to be an S Clorpor.Uon, 1994 Inl.m" A.....nlH SIIvlell .,. Seft I8}JII.t. Inltructlon.. For cal.ndar .r ,_, 01 t"" '00' bo Innln Nov. 1, 1994, Rnoonclln Oct. :Jl. ,\995 A Dot. of .I.ctlon a. u.. C Emplofa, Id.nUllcltlon no. InScorporoUon IRS COLE'S BICYCLIW INC. 25-1647987 11 / 0 1 / 91 l>:i:'~;- -0 DRlo InCOrp(;Rlo~--'-'-' B 'lu~"...cod. wi.., 327 N. IIANOVEH S'l'HEE'l' ___..QlLQ4/91__._ no. I'" Splolllo pl.... Inotructlon,) print CARLISLE, PA 17013 EYololo"OI'I.o.Sp.cillc or type. In SituatIons) _5995_ 25~62 F Ch.ck oppllcohl. b",..: (1) Initial r.lurn (2) Flnll r'lurn (3) Ching. In .ddr... (4~.nd.d rolurn -- Q Ch.ck Ihl, boM IIlhl. Searpol.llonl. lubl'c\ 1(1 lh. con,olldaled ludl! ,HOCldUl.. 01 tlcl!onl6241lh.ough 8:14& l,,,'n.lfucllo"t hl/orll ch.eklng Ihl, bO~1 . , , . ~ D H Enter number of shareholders In the corporation At end 01 the tal( YOAr , , . , , " """"""""""" , ... 1 Caution: lndude o~~e or buGlneselncome and ex enusn on lines 18 lhroug'h21. See !he Instructions for mote InlormaUon 1a O,ol.,cc:.lpllo'laJ.1 L 597 7541 b l.'I,ellJln'And.Uowanc., 1 ---3~ Bal .. 1c 597~54: 2 Colt of good..oId ISchedul. A. IInl B) . . . .. .. , . . 2 J 52 . 490 3 Gro.. proflt, SubtrlC\ IIn. 2 flom IIn. 10 ,.,. . , 3 245 . 264 4 Nil g.ln 001') from Form 4797, PI~ II, IIn. 20 latlach Form 4797) , , 4 5 O1h.r Inoomo 00.') (II' Instructions) (atl.ch .chodul.) 5 5 Tollllncom. 0011). Combln. Iln.. 3 throuah 5 . ... 8 7 Complnlation of offl..rs, .. ... ,., , " 7 : 5 SnI.rl.. and w.g.. 0." .mploym.nt o,.dlls) , . ' 8 . 8 Repairs and maintenance , 9 I 10 BAd debts , , , , , 10 o ~ 1 t Rentl ", , , 11 . I 12 Taxtll and licensee, . , 12 d ' ~ : :~ ~;r::~t1o~ (~~. ;n~ruC\ion.) ,.....",....."..,..", '."1 ;~'I ' 2 . 844 11111111111111111 lob Depro".tion "limed on Sch.dul. A and .I..wh.,. on ,.turn ,.,.., . 114b I ~' 0 SubtraOllln. 14b from IIn. 141 . , .. ..".. , 14<> I : 15 Depl.tlon (Do not doducl 011 and g.1 d.pl.tlon.) . 15 m 18 Advlr1l~ng. , , . , . . , . . . 16 I I 17 P.nslon, p'ofIHharlng, 010., pt.n.. ..,.,. 17 ~ 18 Employee benefit programs '" ".", , 18 I 19 Oth., d.ductlon. (...Inltr"ctionl) (Itllch .cb.dul.), 19 o n 20 1'011I dld"ctlonl. Add tho amounl. Ihown In Ihe f.r rlghl oolumn fOllln.. 7 Ih,ough 19 , ... 20 , 21 Ordln.ry Incom. 110111 from trade 0' bu.ln... .C\lvltlo., Subf,act IIn. 20 flom IIn. 6 . 21 T 22 To: 0 Ex.... not pl'~V' Incomo I"" (ItI.ch .oh.dull) . . . . . , .. .,. I 22a 1 0 '111111111111 o b T.. l,om Sch.dull 0 IForm 11205). ..... , , . , , . . . I 22b I 1,1,.rl,1 x 0 Add IIn.. 22. and 22b (II. In.t,uctlon. fo, .ddlllon.II""..) , , . , , . . , , . , , " , , , . . 220 & 23 Payollnll: a 1994 .stim.l.d t"" Plymont. Ind amt, applied from 1993 r.turn ~30 . ~I' II [ r I p b T.. d.poslt.d wllh Form 7004 "..',..".......,.'" , . , 23b -. o,'iiil!li[!i!: o 0 Crodll for F.dcralll. pold on fuel. (att.ch Fo,m 4136) . . , . . , , , . , , , , 230 0111111,111: y m d Add IIn.a 231 Ihrough 230 , .. ." . .. "'" , . . . , , . . . , , , " 23d ~ a4 Ea1Im.t.d I.. penalty (II. In.I,uctlon.). Ch.ck If Form 2220 I. atlachod , , , . . , .. ,.. [J 24 I 25 T.. d".. II lh.lotal of IIn.a 220 and 24 I. larger th.n IIn. 23d, .nl.r .mount ow.d. S.oln'lructlon. fo, · d,polllary melhod of paym.nt , , . , , . , ,. ",.,.." . ,."""".'".... ~ 25 25 OVI'poym.nL IIl1n. 23d I. I.rg., then Ih.tOlal of IIn.. 220 Ind 24, .nl.r amount overp.ld , . . , . , , . . ~ 26 27 Enter amount of Une 26 you wenl: C,edlted to 1998 eltlmaled tax'" Refunded . rI Und.r pinal "_, 01 p.'JutV. I dlc:I,'.lhat I hive .umlMd Ihl, r.lurn, InllludIIlOlc:c:omp1nvlng ,c:hldlll., And ,lllementl,and 10 Ihe bill 0' mv know1edoe and blllll, III' IrU41. fooll.el, and c:omplel.. Oula,.Uon 01 prep.II' (olh" Ihan l",p'v.lll, b...d on alllnlOlm.lIon 01 whltoh pltp".' ha, anv knowlfldge. Fo,m 11205 I n o o m . Please Sign lierB ~ Slgnlllur. of offlc.,' I 0.1. ~ Tltll Prop.rer'. ~ \!\ A. : , I () (\ I :--lD.I. rc;;;Ck If .olf- sign.lu,. r, V~J..-.'v ~-:-~ \. / ~ .Pl0 ~loVOd Firm',n,m. BOY ER & RI'l'TER :~1~~~!h'd' ~ 8~~~~~A~9L::::::::~~::::::::::::::::::::::: 28 245,292 25.730 113~~ --L.2. 30 43 26.400 15.168 447 2.844 20 027 16.192 7,300 30 751 260.556 -15 264 I Pre p.r.,', ,oelal uwrllv numb., nl 164-38-8267 Paid Prep.,e,'. U.. Only ~~, ~ 23-1311005 ZIP Cod. ~ 17001. -8300 FOlrn 11205 (t90.) . , Form 11209 (!1l94) CO!dt.2. BICYCI,ES INC. ~ COlt 01 Good. Sold (9..ln.Hucilon',1 25~16479A7 P.g, 2 I Inv,nlory .1 boglnnlng of V..r . 2 PUfr.hI...' """""""""",,"'" 3 Collofl.OOr , . . , , , . . , . . . , . . .. , . . , , , . , , 4 Additional NOIIon 263A 0011. (... In.tructlon.) (.K.oh .0h.dul'l ' . OIher 0011' (ah.oh aoh.dul.) . . Total, Add Wn.. I through 6 . , , , . . . . , , . , , . . , . , . 7 Inv.moryatend ofV..r, . , , , , , , ,. ,.".",.., . Co.1 01 good. ..Id. aubtr.oI IIn. 7 from Iln. 6, Enler hOl' .nd on pag' I, IIn. 2 llIl Ch.ok 011 method. u..d lor volulng oIoslng Inv.nlory: ~) ~ Coli ~I) Lower 01 colli or ","rkll II d..crlb.d In R'gul.llon. ..0010n 1,471-4 ~II) _ Wrll.down of'.ubnormoJ" good... d..orlb.d In R.gul.tlon. "oIlon 1.471-2(c) ~v) Other (.paclfy melhod u..d and .K.oh "pI.n.tlon) ~ b Chao!< nth. LIFO Inv.ntory method wa. adopt.d lhl.lax V..r lor .nv'Q<;';ci.- (il' ;h'.~i.~d: ;ti~oh F~r;'; 970i : .: : .: : '. . : ~ .: ~ .: : .: : ',' ~ '0' . . II tho LIFO Inv.ntory melhod w.. used lor Ihl.,ax V'OI, .nlOl pOlo.nlag. (or amount.) of cloolng Inv.ntory computed undOl LIFO .",.... . , . , . , , . , , , . , . , . . . , . , . . , , . , , . . . , , , . . d 00 Ih. rul.. 01 oeotIon 263A (lor prop.rty produo.d or .0qullOd for r..oI.) .pplV 10 lh. corpor.tlon? . . . . . Wa. thlr. any ohlno.ln det.rmlnlng quanUtflt, co.t, or valuations between opening and cloalng Inventory? If ~..,. a"soh IMphlnltlon, 1 2 3 4 . . 7 8 180 285 370 915 8 559 207 352 701 901 411 490 v.. v.. lIijh~ Other Inlormallon I C!1ock moIhod 01 .ccounting: (.) D C..h (b) []] Aooruol (0) 0 OIh., (.p.oIIV) ~ ......................... 2 R,fOlIO tho 1111 In th.lnatruntlon. .nd .tal. Ih. corporation'. principal: (a) Bualn....oIlvlly ~ ~J!::r:~f.~..'!'~P.J!:........... (b) Produolol8.f'llc. ~ ~!f'!'f~J!i~................... 3 Old the oorporatJon .t the end of the tlJ( yoar own, directly or Indirectly. 50% or mot. of the votIng stock of a domestic co(poraUon? (For rul,. o1.<<rlbullon, ... ..cilon 267(01.) II 'V.... .<<ach a .oh.dula .howlng: (.) nom., addr..., and amplov.r Id,ntllloatlon numbor and (b) paroonl.g. ownad. , . , . . . . . . . , , . , . , . . . . . . , , . , . . , , , . . . , . . . . . , . . . . . . . , X 4 Wa. tho oorpor.llon. member o1a oontroll.d group .ubl.oI 10 tho provision. of ..oIlon 1661?, . . . . , . . . . . . . . . . . . . X a At any time during calendar year 1994, did th. r,Orporatlon have an Intoreslln Of a a1gnatu(. or other authority over a financial account In a foreign country (Iuoh ftl I bank account, securities account, or other financlalllccount)? (See InstructIons for exceptIons and lIIIng requlr.""nl. for form TO F 90-22,1.) "..,....,....,.,."....."...,.,.,..".,.,'" X II 'V..,. .nter tho nama 01 tha 10lOIgn oounlry ~ ... ........................... ................. .... ....... ..... i 111111!ii '!I!lli!:ili,1 . W.. the oorporadon the grantor of, or transferor to, a foreign trust that exlsled during the curront tax year, whether or not lhe "."por.tion h.. .nv b.n.llo1s1InteraslIn II? If .V.... Ih. corporation mav h.v. 10 me Form. 3520, 362D-A, or 926 7 Chock thl. 00. II tho oorporation ha. m,d or I. required 10 fll. Form 8264, ApplloaUon lor R.gl.lratlon 01 a Tax . ~~::rl~. ;";;n'th', ;";r~'r.~~n'I"'~.~ ~~~I~V'O~.~'~'d~b; I~~tr~~'n;. ~;Ih' O"I~~.; I~.~.'d;~u~t' : : : : : : : : : : :: B II 10, tho oorporation m.V hav.lo flI, Form 6281, Inform.tlon R.turn for PubllclV Off.red Orlglnol I88U. DI.counllnll1rum.nl8, 9 11th. corpor.tion: (a) iliad II. .I.oIlon 10 b. an 9 corporallon a<<.r 1986, (b) wa. a C corporation b.lor.II.I.oI.d 10 ba an 9 oorporaUon 01 the corpor.llon acquired en ....t wllh a baola d.t.trY,n.d bV refarenc. to II. b.oI. (or tho baol. of .nv other proparty) In tho h.nd. of. C corpor.llon, and (0) h.. n.t unraollzed buill-In galn (dofln.d In ..oIlon 1374(d)(l)) In ...... of tho net recognize built-In gain Irom prior Vaa.., .nl.r tho n.' ""r..lI.ad buill-In goln r.duc.d bV n.t r.cognlzed buill-In gain from prior v.ara (... Instruction.) . , . , . , . . , , , . , , . . . , , . . . , . . , . , , . , , . , . . . , , , . . ~ ~.ok this bo)( If}hfl corporatIon had subcha tOf 0 eamln 9 and (of1ls Al the close ollhe tax ear see Instructions Dellgnatlon 01 Tal< Ma<<ers Person (9..lnll1ruol[01l.,) l!iiiii1iOlow tho .h.reholder d.oIgnat.d ..lh.l.. malla" p.rson (TMP) lor Ihalax V." ollhl. r.lurn: ~=n~'d TMP ~ LEONARD C. COLE ~~.~t't,n~ TMP ~ Addr...of ... 327 NORTH CARLISLE STREETd.slgn.t.d TMP r CARL!,SLE PA 17013 210-26-9944 Form 11205 {t9g~1 Form 1 120B 11011<41 COLE'S BICyer,EG INC. ~~ 4 7 9.!!2_P.gI 3 "ISal.. t1UllilKII Shareholder.' Shares 01 Income, Cr~II., Podllptlon.~ - (a) PIn rata shAr. Itftml I lbl Tolalamounl I Oldlnary lnoome ~o..) from tfld. or bulln... 1Ic:tlvl1lel (p.ge I, line 21) , , ,I 1 -15,264 a Not Incomo OOllllrom IInllll IIIlI 101011 lotIvltl.. (Ittach Form 1lI12el ' ~jiI~--- 301 G,OI. Inoomo from o1hllllntll actlvl~.., , . " . " , ,tij , b e.pen..1 from othll IInlll aotlvltl.. (.~Ich IChldull) , I ::1 n ,., , ., 3b 0 o Not Inocme 00111 110m othll ronlal aotlvlll.., Sublro"'"nl 3b from IInl 3a '~ 0 ". , , , In 4 Por1101lo 1,100100 00"): a a Inllllo11n00l111 , . .. J1 b Dlvldand Incomo -- L 4b 0 o Royalty Incomo , I , 40 I d Not Ihort-Ilrm capital gain 0011) (attlch Seh.dul. 0 (Form 112OS)) 4d . Not long-t.rm capital glln 0011) (attaoh Sch.dul. 0 (Form 112OS)) .. , Othll por1101lo Incomo (lOll) (.~ach ICh.nul.) , ,'" , 4f I Not gain 00") under ..otIon 1231 (oth.r thin du.lo c..u.lty or th.tt) (.II.eh Form 4797) , I e Othlllnoomo 001.1 t.tt.eh .eh.dul.) ., , ". . I 7 Charttabl. contribution. (... Inllrucllon.) (.II.eh .ch.dul.) '. . 7 D I S.eIlon 179 "p.n.. deduotlon (.ttach Form 4662) I = ". , --...- . 8 Oeductlon. relal.d to portlollo Incom. (1015) (...lnBtructlon,) (11.mlz.) 8 - 10 Oth.r d.duC1[on. latt.ch .ch.dul.) , , , ',' , , , , , , . . , , , 10 II 11. Int.,... .xpen.. on Inv.IltTwnt debtt , , '" , .,.' , 111 nn b (t) Inv..trnen1lncom.lncllJd.d on IIn.. 4., 4b, 4c, and 4f above l1b(t) 31 y t (2) Inv.ltmenlo'p.ns..lnclud.d on IIn. 9 above l1b12\ 121i Cr.dll lor alcohol u..d .. a lu.1 (attach Form 6478) ". , 128 b Low-Income housing cr.dll(B.. InllruC1lons): '1'1"1'1""" ill'L~;;~1 (1) From partn...hlp.lo wh[eh ..eIlon 420)(5) appll.. for proporty plaeod In S.rY[OO bolor. 1990 , 12b t C (21 Othll lhan on IIn. 12b(l) lor prop.rty placed In '.rYlo. belo,. 1990 12b(21 r '" , , . 1 (31 From partn.rshlp. to which a.eIlon 4201(5) .ppll.a for prop.rty plaeod In "rYle. all.r 1989 12b/3\ 12bl41 - (4) Other than on IIn. 12b(3) for prop.rty plae.d In '.rYle. ah.r 1989 "., . .", . a o Quallfi.d r.h.bllltatlon .'p.nd[tur.. r.I.lld to r.nlal r.aI ..Iall .C1Ivltl.. (.ttach Form 3468) , 120 d Crodlt. (oth.r Ihan er.dil. .hown on IIn..12b and 120) r.lat.d 10 r.nlal real ..tat. aC1lvlU.. (... 111111111111II Inltruellon.) , , ",', . ",.." . 12d . Credit. relaled to other renl&! activities (see Instructions) .". , 12. U Other credil3 (sea Instructions) '" . .". , 13 1~ 14.1 Depredation adJustmel1t on property placed In ~Ice after 1986. 140 -1,812 b Adjuotod gllln or 10.. , , . , , '" , '" , 14b .' - o Dapl.tlon (oth.r than 011 and ga.) , ,....,. , ., . 140 I d (1) Grosalnoorne from 011, ga., or g.othermal propertl.., . . 14d11\ T t .. (2) DaduC1lonl a1locabl. 10 011, gas, or g.othermal prop.rtl.. ',' . . , . , , , . . , . . . , , . , , , . 14d/2\ am . Othor .dluM,,,,,n'a ond tax or.t.r.ne. it.ms lah.eh .eh.dul.\ , , . . , , . . , . . , , , , , , . . . . * . 1110I Typ. of Income ~ . . ~T ......----...........-.-..-.......--........-................. I b Name of foreign counlry or U,S. po....~on ~ .. __......... _. _.......................... I r. . Total grosalnoome from ,0lHC,," out~d. tho Unitod Stat.. (attach .eh.dul.). 150 T= d Total appl[cabl. d.du";lon. and 10.... (attROh .chodul.). . . , lid H" . Total lor.lgn lex.a (ehock on.): .. o Paid 0 Aceru.d , 1150 I Reduction In t.... avall.b1.lor er.dit (aUaeh seh.dulo) '., , llf a Oth.r lor.lon t., Information (attaoh .eh.dul.) , '" . 150 168 Total .xpendltur.. to which a section 59(fl) elect/on may apply, lsa b Typ. of ",p.ndltur.. ~ ~ ~..... ..~... - ~~.. ~ ~.... ~~. ~ ~~~.. ~..,,~ ~.. ~......... ..~~~....... ~ ~~" ~~. 111111illl!1111111 17 Tax-exempt Interest Income 17 11 Oth.r tex-.,.mpt Income , , .., , ,. , .,." . ..", , , , i8 18 Nondeductible expenses , , . .., , .,.' , "',' . .."" . .. . 19 0 20 To1a1 property dlo1rlbutlon. (Including ca.h) olh.r than dlvld.nd. r.portod on tin. 22 b.low 20 t h 21 Other Items and amounts required to be repor1ed separately to shareholders (see InsHuttlons) ["''''':'1'' . '1'1"'11',' r (att.eh ICh.dul.) !!IIIIII.IIIIllj: 1."IIII'r1I' 22 Total dividend distrIbutions paid from acoumulated earnings and profits , . . . 22 23 Ineom. ~o..). (R.qulr.d only If Sch.dul. M-l must b. compl.lad,), Combln. IIn.s llh..Hgh 6 In JIIIII'I:I: ~urnn~m the result, subtract lh" sum of lines 7 throllgh 118, 150, nnd 16ft . 23 -15,231 For f'aplll,l/ork R.dllGllon Act nollc., f,U. Inllr, Copyllgl11 (el 1994 hum iClflwllfI only CPSYlteml, tnc, Form 11205 (UIIUj 1'0I1l1 11~On 10~~'2.0r,I>' B BIevcr,EB TNC, ~illdl.ll.~, '~C8 Sheela . _.___ll<lII~!.'''''U '!I!....EiA,__.....__. A...w ....J!~L..__.._, ._, 1 C.nh., , , . , , , . 1. !l,!2J.IJ 2. TlIuJa OOt08 and accounts ,ooolvllblo 04 '} :,II:,J; '~'.:!:I':H~ii:~:1 iiil::',II'I!ii' b l.... IlIlowant.. lor bad dabl. .._.._!.l.t 0 4 'I 3 Invonlorlo. , , , , , . . , , , .____X!l.Q.,.2 fJ 5 4 U,g, Govornmonl obllgollOn. 5 Tax-o,ompl socwllloo , . . . 8 011101 curronloll8Ol. (allach schodulo) , 7 Loon. 10 .lIoroOOldoro . . , , , . , . 8 Mortgogo ond ,elll ..talo loan. ., . , . Olhor Inv..lrnenl8 (al1""h scOOdulo) , , lOll Building. ond olhor deprecloblo 0.1101. b Lo.. occurnul.lod deprocl.tlon lla OOpletable....18 , . , . . , b Losa OOOIlrnulalod depletion . . 12 Land (nel of anv amortlzallon) , 13a Inlanglble ....t. (amortlzoble onlV) b Loss accurnul.led amortlzollon , 14 Olh... ....t. (.l1ach 9Ohedule) . , . I "I"'II"'I''!,r''''I''I'I'I''II''I''![iIH "III, IPlill""'I';''1II'II''III'"II'''''I'IIII''I''II''' 15 Total....I."..",..,.. 1111,11111111111111:1111111111111111!,II,111 218 568 1"111 1':lllilllllll 11!':w, 111111'lill 1,'[11111,1, 2.2.? ,662 :: =:::~:~:;~~,:a:::':II::~~.~~~;I~,;" I Illiilillll,llllilll:,II!III',111141:g!ill!~'i~li ,iiil!:liilllll ,1111::IIW!!III:llill!llllil~I~~!I:';;~ 18 Olhor curronlllabllltleo (.l1ech schedule) . . 6 9251,1,,1 '!1111 1 J 1. 72 'I l' Loan. from .horoholdor.. , , . . . , . . . 'IIII!' : ~;;:::'~I~='(:~:;::::~~~;'."" mOil ',II;::ll!:lll ' I' Il!![III:111"" 'II, ~ :~~:~:~~:.~r~I~.:: ~ ~~ H~ill:liili:il'lililllil lii:III'II:!ii:!lli!!I!! ~!~ JH 25 ,... co., o'lreasury atock , i 111:!:111 I II: l!i!IIII!!I:! 111:1 I!" " I::'! I!,IIIIIIII!I :Ie Totolllobllltlos ond sharoholdor.' oqully \'!!,ii1'i'" , , 1,1 2 18 568 l'li1lI,IIII'.!'1 ,liil, " ,11:11",1, 11",.' 2 5 J 662 mlSiltljidUlll'iMtt!illI Reconciliation 01 Income (Loss) per Books With Income (I.oss) per Return (You ore nol roqulrod 10 . , complolo thIs schodulo If lho lolal 8asols on Uno Hi, r:olumn d), 01 Schedule L 1tfO 109s than $25,000.) __ 1 Nellnr.onlO (loss) pel" book. , . , , , , - I 5 23 3 5 Ineon1O 'ocor<lod Oll book. Ihl. voar not 2 Income Includod on Schedulo K, lino. 1 Includod on Seh, K, lino. 1 through 6 through 6, nol recorded on book. Ihl. (11001120): yoar (Itemize):....... __.... __.............. ~............ . T..-..",ml-lllnl.,lul .... .'............................ 2 ~j-164 '/9fl"/ __.l'n9ll4 ,,__~_,,-1~.I~yf t!,_~."y'(I.'.____.~~_.~ . 101.. __._1<.,1...,_,...., _ ,~, '."1 'I"""" 'lIl II 'J 2 Ili"I,;I,li!'iI!lII,I,\.Hilllilii'iiI1Ild'li .......,L.:;...::::..:_ 21 OO!? IHliilll:uiI111Ii11Iilil"!'lil"""'i;'h..;:li.j 2 005 ._____..~_..1..._.___ _.~(J1.J..!!l 2.t.. J 5 4 1"'j:!:i!:,;",,,:!,!\:IT1ji,'," 1::';11"">1,11,,,,,1,,,,1:"1;"""1'" '1':!::llil:'W::I:i:IIII'!:illi'IIIIIII!111111111111111 '11111.."'11.'11"1..'111""'11'1"1'11"1'.: -1!illllll,lilhl,!lIII,11.1111111111" ,iliillli]lliillilili!ll!iii::iiWI;llii.;.h'.:I;I; i - - - .. . .. ~ " ~ ~ " " ~ .. " " - - ~ ~ " ~ ~ ~ ~ - . .. ,. ~ ~ .. ~ . . . 3 Expenses rocordod on book. Ihl. yoa, not Included on Schedule K. linea 1 Ihrough lla, 100, ond 16a (lIom20): . D,pt.cl&lIoo . ~ _ ~. ~ ~. ~.~~ ~. ~ ~.. ~ ~... R ~ b Tr''1.llndllol.,t.lnm.ot ... _4~~~. ~ ~~ _.~ ~~ ..__. .....-.~.-.~ 6 Doductlonslncludod on Schod"lo K, llno. 1 through 118, 15a, and 168, nol chargod .gRln,1 book Income Ihl. voar (lIoml20): I Depreciltlon .... ._..4 .4~~ ~R4 ....~. .~~~~._..."~~~ 7 Add IIno. 5 and s. , . . . . , . , . . . , , ... ~_ ~.....~.... ~.. ~ ,,_ ~ ~ ~,,_~ ~ n ~ _ ~ _ 4 4 4. _..... 4 Addllnoa1lhrou h3 ""'" '" , " -15 23Jfllllc(1mll(lnul(Sc:h.dutIK.llne231.1I11'.'~5IIine1 -15 233 ~'d\l18~ Analysis 01 Accumulated Adjustments Account, Other Adjustments Account, and Shareholders' Undistributed Texable Income Previously Taxed s~ [n.I,,,ellon., (a) Acwmula\td Idjullll18n".ccounl (b) Olhe/.dlu.lm.n!. Iccount (0) Sh".holdll.'undi.tflbulld 1....hllllncom.JIfIl'lioU.lyl.ltId 1 BllIance at beginning of lax yoar, , , 2 Ordlnll1Y Inr.ome Irom pago 1, IIno 21 3 Olhor addltlon. , . , . . 4 l.o..lrom psgo 1, tlno 21 , 5 Olhor ro""cllon. ."" 8 Comblno IIno. 1 through 5 7 Distributions other than divldond dl9trlbulJon!J , . nllanc:..t.ndofluYllM,f\lJhlr"r.\lintl 1 frllrtl 111111 11 . F", f',plrwork n.ducllon Ac1 f4c,tl{.1l, ..,.Ioll\r, -57,062 --"31 15 264 -72 29!j -72 29'; o j CUl'yrlijjhl(c) 1994 !Ufn1lotl.....M~ only C:pr,yll\lm" Jnt. Form (1IlS<I\ SCHEDULE K-l Shareholder's Share 01 Income, Credits, Deductions, etc. OMI! No, 1~.~-OI:JO (Form 1120S) ~ s.. a.p"'.le InatrueUona. a....fIlMnl GIlh. "UIU'", for oa'end., y.... 1DtN or tu v..r 1994 ~.".rnHlfl.,vIU be Innln Nov. 1 ttKJ4 .,tdendl'!P. Oct.. 31 1095 8h...hold~d.ntllyln9 numbor ~ 2 10- 2 6 - 994 .1 _~~.Uon'a .ld.nU~!!!,g numbor ~ _ 25 -16 4 7 987 Shareholder', name, addr'II, and ZIP code Gorporallan'a name, add".., and ZIP code LEONARD C. COLE COLE'S BICYCLES INC. 327 NORTH HANOVER STREET CARLISLE PA 17013 327 N. HANOVER STREET CARLISLE, PA 17013 ,.. Sh.,.hold.r'. porcom."" of .took own.r.hlp for I.. Y..rI'.' In.lrucUona for Sch.dul. K-1), . . . . . , , . . . . , , . , . , . ~ 100 . 000 'i. B Im.rnol R.v.nu. S.rvlco C.nt.r wh.r. oorporlOon flI.d II. r.lurn ~ .Rl)p~?!,!!p'l)A~...... ................... ..:::: :::::::. C Tax .heHlt ,.g1.".tton num~;rlln.trUctlon. for SOllen K..t) , , , . . , ""',',' . .~ ~ .......... .. .... .. .. ...... .. .. .. .. .. . ........ .. .. .. .... .. .. .. .!LQh.ek lopllo.t~. bou" 11 Flnlll K-l /21 Am."d.d K-l (e) Form 10.0 fll.,. .n\;- (I) Pro rill ahlr. II.ma (b) Amount Ihl .mounl [n column (b) on: 1 Ordln.1)' looomo 0010) from Irld. or bulin," .cUvIU.a , 1 -15 264 S.. Shl..holdor'a 2 Not Inoome QOII) from r.nlol r.oI .rtal. .ctlvltl.. , 2 HortruCllon. for Seh.dul. 3 N.t Inoome QO") frr,," olh.r r.nlal ectlvIU.. , , 3 K-1 (Form 1120S), . Portlol[o Income Qo..): '''''''11' IIIii II, . Inl.r.rt . . 41 31 Seh, ll, P.rt I, IIn. 1 Inoome b Dlvld.ods. . . '" , .b Seh. 5, Plrt II, IIn. ~ (lo..) 0 Royaltl.. . . '" , 4C Seh. e, Plrt I, IIn. . d ~ ahort-I.rm taphol galn QOII) 4d Seh. 0, IIn. ~, 001, (n 0' (g) . Nl1long-t.rm tapl1a1 gain (lOll) 41 Soh. 0, Iln. 13, 001, (n or (g) , Oth.r portfol[o locome (lOll) (.<<.eh .eh.dul.) .f lEntl' on appt.lhM of YOUf Illurn,1 a Not galo QOII) und.r a.otIon 1231 (olher thao du.to ea.ually or S'I Sh.,.holdll', InlllUllUon, th.h) ".""""""",.".",., , . . ~ 101 Sohldule K~ I (Folm 1l20S). a Oth.r Inoome (lOll) (.<<.Oh yoh.dul.) .""""", , a (Enll' on IIppl.llne 01 VOIII '.lurn.) 7 Ch.rh.bl. conlrlbutioo. (a.. InatrucUon.) (.U.eh .eh.dul.) 7 Seh. A, 110. 1~ or 16 lIedu.- . Slc1Ion 179 ..ponll d.ducUon. , , , . , . . . . , , , , , . , 8 don. I o.duodon. rel.ted to portfoflo lnoome (1011) (1<<loh aohedule) I }r" .......Id.... 1",,,,,,11... fOf Sohldull K~llFolm 1120$), 10 Oth.r d.ducUon. I.<<aeh .eh.dulo), , , . . , , . . , . . . , 10 Inv..I- 11. Int.rest .)Cpenae on lnvastment debts, , , , , , , . . , . , , 11. Form 4952, IIn. 1 menl b (1) lov.atrn<onllnoom. Includ.d on Iln.. 4a, .b, 40 and ., above bill 31 I ~~c" Sha'lhold,,',ln,troellon, Inl.,..1 (2) Inv.rtm.nl ..o.n... Includ.d on lin. 9 .bova , bl21 101 8ch,dld, t(wl(Fofm 1120S), lZ11 Crad.lor alcohol u..d .a fu.1 "."..,...".,., . lZ11 Form 6478, IIn. 10 b Low-Iocome houling er.dll: . ,"liUllll (1) From aectlon .20)(5) p.rtn...hlp. for prop.ny placed 10 ..rvle. b/1l before 1990. , . . , . . . . . , , . , . . , , , . . . , , . . . (2) Oth.r Ihan on IIn. 12b(l) for prop.ny plscod 10 ..rvlco b.for. b/21 1990 ,....,..'".,.",.",...'"" , (3) From oeClloo 420)(6) partn.r.hlp. for prop.ny pl.e.d In ..rvlo. Form 8586, IIn. 5 Credll. ah.r 1089. , . , ,.,. , ,." , "",....", , b13\ (4) Oth., Ih.n on IIn. 12b(3) for prop.ny pl.c.d In ..rvlco ah.r bl.ll 1'lll9 . . ,."."..,.,..".'"",., , . , . Quallfi.d r.h.bllIl.Uon ..p.ndlture. r.lal'd 10 r.ntal r.al ..t.t. .CIlvlll.. (.... InrtruCllon.). , . , , . . . . , . , , , , , . . . , ,. . 120 d Cr.dlla (other than credits .hown on 110" 12b .nd 12e) r.lat.d 10 r.nlal r.oI .rtal. aCllvlties (.... InatruCllon.) , . , . , . . . . . 12d s.. Sh.,.hold.,',I"Ilfucllon, 10f S,,,.dull t(wl (Form 1120S). . Cr.dh. ,.I.,.d to oth.r r.ntal .cUvIU.. (s.. 10.trucUono) ",' , 12. T3 Oth.r er.dit. 1...lnatructlon.) "..""."""" , 13 AdJ.II- ,.. Oopr.elaUon .djustmonl on properly plae.d 10 ..rvle. .h., 1988 . 141 -1. 812 S.. Shlr.hold.r'. menl. b Adjusted gain or lo.s . , , , , "".".,.'" . ,.b In.truelloo. for _Tax 0 Oopl.Uon (oth.r th.n 011 .nd g..), , , , . , . , . . . . . , , 1'l<: Seh.dul. K-l (Form Pr.f.r- d (1) Gros. Income Irom 011, ga., or g,olh.rm.' prop.rtl... , , dl1\ 1120S) .nd InBlrucUon. .ne. (2) D.ductlon. .1I0cabl. 10 011, ga., or goolh.rm.1 prop.rtle. dl21 for Form 6261 Item. . OthfH adlustmfmls and t8)( p(f~ference ItOOlS (attach fIOhedulo\ , 1... 0183 fOI r.ptlIWOI~ nedllt!lon Act Nolle.., ,..I""" COPYflUh1jcl IP94 'orm lo'h,...r. onlyCPSVII.ml, IrlC. Form 11205 Seh,dull K-1 PUD4) H., ,.~ dl- .'- "., -_rl._' COLE'S BICYCLES Boh.dul. K-I (Form 11208) (199.) LE~ C. (.) rIa rol. .ho.. Itom. 111 b Fot~" 0 T.... d . 'II b '1 0\hIr 11 18 20 21 22 I b 23 Supple- '"""tal 1"'01- moOon INC. COLE 25-1647987 210-26-9944 rlu.a (01 Form 10.0 nI." .nter Ih. llno,!!,~umn lbl.!!!!'_ Form 1116, Chlok bo,.. (h) Amount TVpo of Incomo ~........................... .............. ~~ame of fo'-'gn oountry or U,S, panflllalon .." _ ~ . _ ~ a " ~ * " ~ ~ * ~ * ~ Total Qfolllnoome trom acurce. outllde the U.S. ("U8011 lohedule) T01I1.ppllooble dlduC1lon' Ind 10.... (o"ooh .0hod"lo), . , T01l1lololgn I.... (oh.ok one): ~ 0 Pold D AcolUod R,duot!Qn In to.. ayallable tor credit (attAch anhedule), . . , Other 1011f~~..i!'!~~lon (',"ooh aoho~ ' , . . . , Totll "pondlt",.. to whloh 0 "cllon 69(0) 010<110n moy opply Typo oI..pondli"..a~ ..................................... TILl(-e)(empt Inlor,," Inoome Othlf ta)(-eKlmpt Inoon1O, , NondGduotlble 8KpenS"fI , , Propol1v dlatrlbutlona (Including c..h) otho, th.n dlvldond dlttrtbu~on. r.por1ed to you 011 Form 1099~,DIV, , , , , , Amount of loan r.pa}'l"08ntl for "LnAn' From Sh.reholdero. . Rooopt".. 01 low-Income houling orodH: From MCIIon .20)(6) paonerahlp. FOlIO 1 I \6, P.O I Form 1116, Poo II FOlIO IIIG, Pao III S..lnthucUoru IQI Form \ 1 Ie S.. Sh.,.hold.,'.lnlllUlllll'lnt 101 Soh.dultK-llForn\ IUOS), Form 1040, line 6b s.. Sharohold.,'.lnllrucllon. Inl Sah.dul. K~l (Folm 1120S), Form 6611, line 8 ~~~..~.~~.....~._....~_......._..........._.~....w.~..__aaa__.aa.a.a.........._.....~.w.._._....._..aa_ ._._...._....._.....a_..........._......~.a......_........................._.......................... ~~.........._......................................................~......~........................._.. . ....."..............................................~................................................. .~..................................................................n..~.........~.ij.................. ....................................................,.............................................-.... ....... ............ ........ ................ .'............... .... ..0;......... ..'w ~ ............. .... ................ ........ ...... ~... ~ ....w...........................................................w..................~.....................~..._.............~. .........................................~...~...................~...~........~..............~.......................~.-_.. ...........-.......~...............r.....................................~..........................~................. .....................r..............................................................................................-...... ............~......................_.................................................................................... ...................................................................................................~.....-..........................._.... ..................................._........................................................................_.......a ...............w....................."........................................................~............................ .................................................-...........................-........................_.........................~.. .................................._.......................a..........._........a....................~....................._... ............................._.....~__~~w.~._...~a..a...a....a......_a*...a.._............._....~.~........_.....a... FOfm 11205 Sch.dul.K-1 (In9~1 Fonn 4M2 ~i 1ll1l4 COLE'S DICYCLES INC. 25-16~7 P.g.2 Usted Property - Automo 1I0s, Cortaln Olhor Vehicles, Cellular Telephones, Certain Computers, and Property Used 'or Entertainment, Recreallon, or Amusement For any v,hlde fOf which you Ire utJng the s1Andard mileage rate or deducting I.... I.pense, complole only 221, 22b, column, (A) through (0) of Section A. 11I11 of Section n, flnd !iftdlon r~~I(;AtJl" s.otlon A - Depreool.Uon Ind Other Infofmltln" {Cautln": r.e0 IrHlt,uc;tlor\1I1or IImUatlon, lor automobiles ?21 00 you nlVI .vld.nr.. 10 IUPJ>Olllhl bu.tM"';~;.tm'"t u~::~1~IJ Ve. -1-L~-_ 22b If .Ves,. III the .vldeno. written? (I) (1)) n".i~", (d) [-;J~I'" (~ (g) (11) Type 01 plo~'ly o.t. pl.:.d In Inv.tlmlln! (MIll! dl~JH~r.I.tI't ".COVIIY Methodl O'JIII<:I.Uon PIIlvlhIClI..,IIII) ..rvlcl "" nth., bull InJ~~'I'I\~'~~11 pI,tad Canv."Uon d,docUon _ 'I.~n"l~' __~ _.--W.1..2nl 23 Pro UNd more than 50% In I uflUfled bualneu ute 84'18 InfllruC110ns : Ellotld "clio" 178 (.UII 24 Pro S/L - SIL - S/L - as Add amount. In cotumn (h), Ent.' the total her. and on IIn. 19. pRg. 1 ,., , , , , , , , , , , , 25 26 Add lIOOunt. In ooIumn 0), Ent.r the tot.1 he.. .nd on line 7, a. 1. . . , , . " ..,..",., , , , , . , 28 Section B -Inform.tlon on UI. of V.hlel.. - If you d.duct .)Cp."... for vehlclet: . NWlyI oomplet. thl. MOtion tor v'hlde. uI.d by. .01. proprlelor, partne" or olher "rnore1han 5% owner,. or relaled perlon, . If you provldld Vlhlcl.. to your .mploy..., fillt .nawlr the quesllona In S.etlon C 10 aee If you m..t an ..cepllon to compl.llng thla a.ctlon for tho.. Vlhlcl... (I) (b) (0) V,hlele 3 (d) (I) V.hlcl.!!! (~ 27 Tol" bUI./lnv..ltMnl mU.. drt....n during thl V', ~DO NOT Include commullng mi.,), , , 21 TollII commullng mU.. d/lv.n during In. V'" , 211 10111I olh" ,.tlQna! (non~ ~rnmullng) mil.. d,lvI" , 3Cl Tolal mU.. drlvln during In, v,.r, Add IIMO:l1 lnfOugh 28. . , . . . , 31 W.. Ih. vehlcl. ,vln,bll IOf ~rtOn&l u.. during oll~dulV (JUrt'."..,.., , 32 WI' Inl vlnlcle u..d g/I- m.,lt\! bV _ morl Ih_n '" O'~MI or "I,t,d FMrton1. 33 II anolntt'llhlol, .vNI,bl, lor pll.oMl U'II' . V,hlcll' Vllhlcl12 V.hlcl," Vlhlclee V.I No VOl No VII No VI' No VI' No VI' No SeaUon C - Qy..Uona lor Employ.,. Who Provide Vehlcl.. for U.. by Their Employ". ^n,wlr thlu qUlltlon, tn dltlrmlno ~ you meet an ..coptlon to complollng S.etlon B. Noll: S.etloll B muat always bl compl.t.d lor v.hlcl.. used by 80le proprietors, partners, or other more than 6% own'us or related ersons. VII No 34 Do you melntlln 0 wrttt.n policy Itotement th.t prohibita oil p.rsonlli <I" of vohlcles, Including commuting, by your employee.?, , . . . . , , . , . . . , , . , . , . , . . , . , . , . . , , . . . , , , , . , , . , . . . . . , . ,." , , 311 Do \"0" melnteln . wrl<<en poI[cy .tot.menlth.t prohibita porsonoJ us. of vohlcl.., ..c.pl convn<ltlng, by your emptoye..? (Seelna1ruc:t1onl for v.hirAe. uled by corporate offioers. dlrectorft, or 1% or more owners.) , , . , 31 00 you Ir..t atl Ule of vehldeo by employe,s .. personal use? , . . , , , . . . . , . , . , , . . . , . . . , 37 00 you provide more than flve "ehldes 10 your employe.s and lelaln the Inlormatlan received from your employees oonOlrnlng Iho u.. of tho v.hlcle.?, , , , . . . . , , , , . , , . , , . . , . , , , . , . , . . , . . . . . , , , 3& 00 you me.t the requirements concerning quallfl.d automobile demonstration use (slllnltruetions)? . , , , . , Nntl: 11 our .na.'II to 34, 35, 36, 37, or 381. 'Y.... ou "OId not com 1.10 Soetlon B for Ih. covIIod v.hlcl.s, !IITI II!, 11'11 iji i ",.rt ,Villi Amortization (I) O..cllpUono' COI" (Il) O.le.mo/lIlIUon b,gln. (c) Amorlll.hl, ."',ount (d) Code "cllon (~ Amo/lll.tlon lor Ihll \!.., 31 AmMlzation of C0&18 Iha, b.glns durin .,Iil i:l'!li!illlill:i!!li::;: 40 Amortlza'lon of ooots that began boloro t994, . , , 41 Total. Enter her. and on "Olher Deductlons'or "Other Ellpensfts" line uf your relurn . Copyrlgllt (e) \99~ INm loltWll,e onlv Cf15yltemt.lne, 40 4t FOI", 456 l\99~1 40VOQ5 04/05/95 OOlE'S B I OVOLES, I NC , Fofm 1120SJ U.S. Income Tax Return for an S Corporation j!"!!,,,,--,""O]E!_ n""lfllt. ., Ih TltMIf ... 0, ..t III, ''I. hI. ",". l~. UI,,,,Un .., 11...1.,. 1111. ,.,.. un t. "1l1 I. h .. i ClI,.nU.., 'llrm93 I.'''ulll''......ulu ... lu ..,.,.tt IlIhull..., IIW .____ _____.___....._.___ ._....~._,.~_..._~..___. .____. ~ __"'_'__'_~__"_U.__'''_''__'_'_'' .~~_ __. _ ~".. ,., ul...., yw III,', " I.. yu, ru"..,., 11/01/ n:.l , ... ..fll' 10 I ~ 1/ Ot1 AD...tf~.. ,:: N.l\fI ._-.__.__.~ --~ -C-I.,I'YIITi..liiiC'I~'~ "..",""1. ""1. COI.E'U UICYCLES INC, 2(j-1047tJl17 11/01/91 0'''," Numbl,-r:-'itt-'-e"-"idrooin-o;--i\Jlitl--'~IO~IJ' -.-P,O,--bOX,'-ielj"page-'g--Orlh-e '-in-li-tiuciions.r'-"--." o'li-~'i~'-~;,;.;~.~..-.____.~_n- 9;';;;;;;;-;"'-;; .1", 327 N. H^NOYEH STHEET 01/04/!J1 r':~'~":~'I'c ::~:I" 'Cl1yor-iowo, It.t",M~rilr to-de-.----------- ,-~_.-~-,..-- IrT..I-;l~i;li(J;..I,..tlll~i;;JT 5995 "'''' CARLI SLE , P^ 170 13 _...___~..~l!"..J?.lJIL F Chock 'l'plleobl. bo"" 111 Inlll.1 IOturn I2IOFin.1 "tufn .~ odd".. 141 NlIII,d.d IOlufn G tht\ I~I. II.. II '~I. S CffPllIItlfIt II "illIte' 'I Ih. UM,U'.I., ,,'11 PIfU"'" ., UtllOM U41 lhl...gh 6111' \I.. IMlI~cll'M '0/'" c~I(.'"' IlIIt II.." . . H Enlflr_n!!rnbor of sh.ehotdllrl In the corpor.tlen tt..,!nd of the fu yet{ .. -'~.: . . . . , . , . , , . . . . . . .__:....:...~. Cliutlon: lor.lude only trllifl or business Income rid uills"s en lIn1lS h through 21 Su thft Instructions for more Information 1. ::~~I~f'lplll 599.....t-~2.!LJtJlUl Itl"... tII' III.wm..1 Ie D.IJlo..!!t 699. 3.JJL.. 2 Cost of goods sold (Schedule A, line 81 . 4 , . . . . . , . . , , . , . . . . . . . . . . , . , . . " 2 379 437, 3 Gloss prom. Subtract line 2 from line lc . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . , _t. 219 . 891 , 4 N.t g.ln DOIII from fOlm 4191, r., II, lin. 20 IlttlCh fOlm 41971. , . , , . , , , , , . , ' , , , , .i. _ 5 Oth.r Incom. Do..1 1i"lnsttuellon.llo1llCh ICh.dulol ".,.., ~J::J::, ~;rA;rJ::t.1~tJJ, ,1., 6 594. 6 Toia' Inoom. 110111. Combine Iln.. 3 'hrouoh S ",."""""""..,.", ~ 6 220 485. 'i 7 Compen$ttlon of officers. . . . . . . . . . . ., . , . . . . , . . . , . , , . . . . . . , . . . . . .. 1 60 , 575. o 6a 101.,.. OJ" ..,..1 102 , 355 .Ib Lon .mploymonll 10 a.1 ~ 80 102.,355-,- ! 9 Rtp.lrs.,d malnlentnce .. . . . . . . . . . . c~e?l~ . . , . . . . . . . . , . , . . . , .. .... 9 1 .034 l... ~ 10 Btd debts .................,....,.............."...,.... J..Q ~ 11 Rents.................."......,.....,....."........., 11 26 400, . 121m. If1d Iiea.... . . , . . , . . . , . , . , , . . . . , , , . , . , ~J::J::, ~;rA;r~t.1~Nr. .1, . ~ ___ 19,76..9-,- l1 13 interest........................",.........,.........,.. 13 408 , :8 141 Depreciation lsee hutrucllc,"s) ......".....,....., l!.!.!l 3 975, nrn - 2 b Ueproclo1lon el.lm.d 00 Sehed"le A If1d el..whore on ,aluro. . . , , ~ IWi ] 0 Subtract line 14b from Une '141 , . . . . . . , . . . . . . , , . . . . . . . . . . . . . . . . . . ,. 14c 15 Oepleth'ln 100 not deduct all and gll depletlon.) ,.".......,..........,. 15 : 16 Advertising........................................,...... 16 ~ 1'7 Pension, prnfa.sh..lng, etc.. pllOs ... . . . . . , . . , . . . . . . . . . , . . . . . , . . . . . .. 17 :8 18 Employe. benefit progrMls . . . . . . . . . . . . . . , . . . . . , . . . . . . . . . . . , . . . , .. 1A u 19 au", d.ductlo", Ii" Insuuel[on.1 IlttlCh ICh.dul,1 ".".'" ~J::t:, :;;r A;rJ::t.1J::NL ~,. 19 i 20 Tot.1 deductions.. Add lines 7 Wough 19 , . . . . . . . . . . . . . . . . . . . . . .. ..,." 20 Q 21 Orrlin.vv Income (Iou) from tflde or buslnllss ICIi....iUes. Subttlet line 20 from line 6 . . . . . . . .. 21 22'b ::e:~. n.t ponlv. locom. lax to1llCh schedul,) . . , , , . , . , , . 11101 I;.,l*)..~,. Tu. from Schedule 0 (Form 112051 ... . . . . . . . , . . . . . . tnl ~ l] a Add Units 22. tfld 22b (see lnstrut;tlons .lor additlon.1 tutsl. . . . . . , . . . , . . . . . . . . . . . th c 23 Paymanb: :$),~;; I I 1993 IIIUm.tlld t.~ plymants. . . . . t . . . , . . . , , . . . . . . 13. :fI~: ~ ~ ~:di:'j:;";:d;:~ ~:r;'I;o~: iu;l; io1i~' f~f~' 4,isi : : : : : : : :::11 .. d Add lines 23. thtough 23c .,.,....,.........,.........,......,.. 13. ~ 2~ Eltim'l.d I.. pen.lly Is.. 100truel100l1. Ch.ek II fOlm 2220 I. .<<lCh.d . , , , . , , . , . . , ,~D 24 26 T.. du.. II Ih. 10t.1 of IIn.. 22e and 24 I. 1.9or ~'If1 line 23d, on tor Imounl owod. Se. Instructions for depolltll'Y method of payment . . , . . . . . , . . . . . . . . . , . . . . . . . . , ~ 25 26 Overpayment. If line 23d is I.ger thin the t(u.l of lines 22c rid 24. enter wnount overp.ld .. ~ 28 21 hltf ',"OUIII 01 Ilu 2n "ot w.n'l en"'.' I. lit. "tI.,I.f I.. ~ ...,...., ., 27 IJdfl ,.".,11.. " ,,,,iffy, I '.elflt lint I Inu ...ml",' '~I, Ifl"., t"ct"lll~ mOlllp'flYhtg 1<11..,11.. .11 .I.e....t., 144 II ,.. bUI .1 .,., h..I.". '"' ..11." II I. II", COli "I, .., co""I.I., 00<1."11011I 0' '''''If' lothl Iklll ,..prl.ll t.~"4 "I .U ,,,,,,,ull.. ., .1I'dl pIfP"'1 hs 'IV howl.".. \Jr\ r\\.: ~ ,"~\{ \'"0~, \\-\,,, . 1!i: 14:!it! V3, 11 ~D ~ 1 j 3,975, 14 225, 5,540. 29,201 , 253 473. -32 988. Ple8se Sign Here ~ Slonlllfl.l.Ulw lltl. Prep..er"~ Paid ..19no11J," _ Pr.par.,'. flfm'. nlm. 101 gROWN SCHULTZ SNYDER u.. Only YOlK. If IOIHmployedl ~ 1011 MUt-HNI FO^D If1d .dd,,,, WORMLEYS8URG , P^ For Paperwork Reduction Act Notlc", sea p.gs 1 of $tlplrlts Instructions.. H7113 101" I ~hd 1/ ..11- IPu,.m" ..cl., ..,,,It V 110, I :r~" ~ n I 0113-.\4-291 H 1.1. "," 25-1644159 liP u~.~ 17043 Ilc PlESIC fOlm 11205 (1993) 3Cl410 1,000 r..,m '7004 J It\n o.t-..ntl) P.,..I..,~tAt\,"""Vl' tnl"""""tl"I.lth,t"t Ht"" _...,.utitn Application (or Automatic Exlension o( Time to File Corporation Income Tax Relurn l r""r.,..I_.nhll...,,"rou......, Qt.fJ.".I",OIJ:, 1..."IO)l-t4 ',E'S DICYCLr.S-,--WC """tt. ."..1, '''''''111I II 'VIII NrrilU t11. r,o, lit" fI' InlllullI,,,I,) 151 H~7"? Jl1 11 //AIlOYr.A STREET cn,,,,I,,,,", CAR!.ISLE Ch,!k ty,.. I)' Itlu," to b, fIl,dl ~ PO/m1120 ro,m 1120.A ro,m 1120.0r ~rO'mI120r FOlm"20.rSC Fo,," 1120.ft ~ ro,m 1120L r orm 1120.NO rOlm 1120.PC Sht, 11J1 C.4, fA 1101l ~ FOIIl1 1120,POl ~ form 11205 rOlm 1120.Fl~1I f aIm "o.e Fo,m 1120.RIG Fo,m 990.1 Form 1120P nl."1 Check hell if 'fOU do nvl hlu .n officIo, pIlei of bUII"u.l" lh. Unil.d SIIII.. , ,~ 1 . I r.qu..' In lulom.lIc i.month ..I,nslon or Ume unlil Ju 1 17 ,19 '5 10 fll, Ih, lncom, I.. "IUln of Ih, cOlpol.lion "'mld ,bon 101.0 ul'nd., yu, 19 _ or. ~ I.~ yell beginning Nov 1 I 19 U-, and ending Oct ) 1 .19 t1-. b If thlt lu 'U, II (01 I.n 1I111tJ 12 monlhs, check ,..sonl o Inlllll'.lurn 0 Flntl "Iu," 0 Ching, in ,((ounling ~tllod 0 Consolldaled lelu," 10 b. fllfd 2 If thh .ppllClllon .Iso coun subsldilll" 10 b. Included In I contolld.l,d Ittwn. compl.l. Ihe following: Nam. .nd add"" of tlch m.mb., of 'he ,rrill.ted group employ.' 10 numb" Tn Period . 3 hnl.IlYtl t.. (u, Inshucllons) 4 Crodllll . On,plymlnl c.rtdlltd from pllofY.., be allmllod I.. p.ym.nts fOf thl Yllr. 4. db o O. C leu "fund fa, the t.. yur llppll.d to, on fC'llm 4466 , , , . , 4 c . C'edll from ,egullltd Irlutlmtnl c:omplnitt , Ctldll fOI ftdltlll.. on fueh , 5 lotll. Add lin.. 4d Ih,ough 41 , f ellln" du.. SublrlCllln. 5 f,om IIn. J. O,pOlllthl. .mounl wllh I F.d",11.. O.po.1I (nO) Coupon (a,t In.hu(llon.) . . . . , . , . , . , . , , . , , , , . , , . . . , 5 o. 6 O. Slgn.tuft - uw" 1,",rutI ~ ,"Jut,. I dulll' 1""''''91, bun tvlMflu~ "1Ih, ,lie" ","'", ,,,pt,Il4itn I. ,.,.h ",' .pplluU,n, en4Il, I" .",t .1 trl1 .".,,..It''9~ tl"Cl hu,r, he ,1,1,,,,,,,h '"III, ,It ~lH. c,",e1, end urnpl.I., .. Q~{)L..Q,...0..mL.............. ,. ($al1ll.."IU,"I,'nI) .~!1!!'?4~~.1!... Nm!1................................. (lllll) 11/4/CZ"f , 1)114.) 1111 for P.p.rwo,k R.ductlon Act Nollu, ... Int1ruc1lon., C.,,.lthI Ctll,t,~ U,S" Inc. ro,m 1004 (A.. 10.91) CN::IOl01 OYl~) 4QYOQ5 K371 04/05/95 COLE'S BICYCLES, INC, 15:14:54 V3.11 25-1647987 hfllt IUDS llll:tl Sohodulo A Cost of Goods Sold (Sail instructions.) 1 Invl010ry" beginning of yew . . . . . , . . I . . . . . . .. ......,...,. 2 PWc:hUl1 .............................. ..... t . . . . ., ..,. 3 COlt 0' lebor ...................................... I. . .. Additional IIctlon 263A costl !see InsttucUonsl (t1tach schedulel ...........".. 6 Othor cosU (11lach Ichedl.llel .................... . . . . . . . , 6 Totl'. Add lines 1 lJvough S . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ; . . . 7 Inventory It end of y". ................ A . . . . . I . . . . . . . , . . . . . . , . . . & COlt of goodl lold. Sub~ICI IIn. 1 from IInl 6. Entor h... ond pn pogo I, line 2 ,.. . , , . , . 9. ChIck ,II methods used for v'luing closing Inventory: Ol ~CPI1 PII lpwor of mt pr m.klt u described In R.gvll1lons 'e,llpn 1.411-4 gill Wrlledown of "!Ubnorm.l" good. u descrlb.d in R'Qull1lons ",lion 1,471-21.1 g,) Other I.peolfy m.thod u.ed ond .tIICh ..plonl1lonl ... ---------------------------------.-------0--- bChecl< if tho LIFO Inventory method WIS ad.pled this lox ye. 'or ony good. iiI ,he,k.d, I1tKh Form 9101. . . . , . . . . . . . ... elf lhe UfO Inventory mfithod wu used for Uds lIX yer, enter percentage (or amountsl of closing InvenlOf'Y computed under LIFO . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . l..k.1 d 00 tho rul.. or ..,lion 263A Ifor propeny produced or ICqulrod for ,e..I.) 'l'ply 10 ~. '''porl1lonl ...,'... . Wu thtr. M)' ch.,ge In dlttermlning qUWlUUes, cost. or ....lvltians between oponlng lOll clOSing Invenlory7 ...... _ It "Ye.; .t1or.h explon~lon. Sohodulo B Other Information PIR' ~ .. , 1 2 3_ 4 6 6 1 & 190, 8~-'-o 368 , 909-'-0 ,. . ... , 559,722. 180.285, 79 437 No No Ve. No 1 Che,k method of IC"unllng: (0) [] Cuh Ibl [K] Accrv.1 (010 Other Icpoelfy) ... ___________________ ~~I'.'"I :'''''( 2 Rtf.r 10 the llti In the InstructloM md 11.10 the corporation'. prlnclpll: i~:#.j mwm 1.11"'.... ..11.11, ... J:!.S!~JJ__TB.IlQL__________ I') ,..l.d If ....,.. ...~J.9_YJ:;."'S~_________________ ll/.Wi loiih 3 Old the corpontlon It thu end of the t..II, yet( own, directly or Indirectly, 50'/. or more of ttl, voting stock of . domestic '''p<<11101l1 (For rvle. 01 ttl1lbullon, ..e "'Ii;n 2611,),) If "Ye.; an"h . schedule lhowlng: I.) n""e, odd..... ond employer Ident/fic.tlon number Ind lbl percentage owned. . . . , . . . . . . . . . . i . . . . . . . . . . . . . . . , . . . . . L 4 W. the corporation. member of . controlled group subject to the provisions of slctlon 15611 ........ I . . . . . . . X 6 At...y time during Cllend_ yell 1993. did th~ corpontlon hIVe In Intertlst In or I slgnttute or other authority over I flnlnclal ICcooot In II foreign cuuntty tsuch U I bltlk Keounl. IIcUflt111 accollnl, or other flnwlal ICcounUl (See Ins~uclion. for ..,epllons ond filing requirements for Form 10 F 90-22.1.) ..............,........... X If '"YIlI," Inter the nl'n' of th" foreign country ~ _________________.....__________________________._ 6 Wu \he corporation the g,.,tDr of. or trWl,fllror 10, . foreign trust th.t existed during the curtant tax yell', whether or not th. tor~...l1Ion hu ony bon.fl,I.1 InlereU In Itl If "Ye.; the 'orporl1lon may hti. to file Forms 3520, 3020-A. or 926 ..............,............................................... 7 Check this box It the c.orpfJrrtlon hiS Wad or Is required to file Form 8264. AppllcatJo~ for Reglsttltlon of . Tu 6 :~~' thl.' bo~ if' ~e' :or~;r~i;;I;.~ed ~uj,li'l~ 'o;f;'~d' d~b't 'In;trv~"n~ 'w'llh ;rigl;~ i."u~ dl;,;u~I' : : : : : : : : :: El II so, tho 'orporl1lon m.y h... to file Form 6281, Informl1lon Relutn for Publicly Offered O,lgl,,1 IlSue Oiscounl Ins~....nts, 9 II tho 'orpOrlllon: 1.1 IlIod II. ele,lIon 10 be on S 'orporl1lon Ifler 1986. Ibl wu . C 'orporl1lon before II .le,led 10 be .. S corporation Dr the corporation acquired ., ASS" wIth . buls d.lermlned bV reference to its basis lor the b..i. of ony oUler propenyl In !h. !lInd. 01 . C 'orporl1lon, ond (.1 hu nel unre,li"d bullt"ln gain (defined In ..cllon 1314ld1(1Il [n ..,... of U.e net rocognilld built "in 9.[n from prior ye.., enter ~. net u"..lIled bulll"ln g.ln 'edv,ed by net recognllld buill-In g.[n from prior ye.. (see ins~uclipnsl ......."..,...... _________________ 10 Check thi. box If tho corporl1lpn hod sub,hlpte, C e.nlng. ond profits 11 the ,IPIe of t/Io lax yer (... Instructions) .......................,............,.................... X Ooslgnatlon of Tox Matters Person (See Instructions.) Enter b.low lhe sM.holder dfilllgn.,.,d as the 'U mrttllfl pllrson (TM'I for the '0. ve.. ot N.... of .. !!!.Ignl1ed 1~'l'''' LEONARD C, COLE thl. re!urn: Idenlllylng Ill. number 0 I 1"" ,.. 210-26-9944 AddrISS of desl n~ed TM' 327 N. CARLISLE ST CARLISLE, PA 17013 117113 :lCI420 1.000 40VOQ5 K371 Ol\/O!i/U!i 1ti:11\:!i1\ V:I,11 COLE'S OICVCL[S, INC, Form 11105 09931 __. Schedule i< Sh.uehold.,r.' :Jh..'fll nfl;,eome:Cuuflh,L O"duetlcm!t ftt;'- 25-161\7987 P!llt1 - --~---..._,-.~_.._--- ..-_..._-,- .-.--- .---.--" -- . 1.1 Pro rl11 ,hvlI Il~m' !hl Tolal lfl10unt 1 Ordinwy locCijnt II!)II) from tlld" ~u aeUvlli"l ~IUIJ' 1.lln, 21).... .... . .. . _..l_ __-=32..9811. 2 Nil Income (Ionl from ,e"I.1 ful 11\11. ICtlviUos l.IIKh form 882SI ... . ,. . , , .. . 2 -.--".- 3. Gro.. Incom. lrorn other "nl.1 1<1[,111.. Iltl --- ' {:i~1!~~ b [..pentts from other tlnt.l tclivWI' (.!tech "~h;d~I;I' : :: -3b--. -- ] o N.I In,om. (I,..) Irorn oth.r "nl.1 1<11'11111, Subtrl<l IIn. Jb from IIn. 31 . . ....... I 30 -.. 4 Portfolio locom. 110..1: J;d~~~~ j . 'n(eust Incom. .,........ . . . ,. . ..,. . . . ....,.. . , . . SJMJ. 2. 4. 1!?-,- b Dividend Income. . I . . . . . . . . . . .. . .... . . . .. I ,.... . . .. t.. .. . 4b I) Roy.fly Income 0......... . . . .. . .... . . . ....... . . , . t... ,. . 40 .. d N.I 'horl'term ,apll.1 g.[n (10,,1 1IIIIGn Sch.dul. 0 ~orm t 120511 . . , . . . . .... . .. . 4d . N.I long-I.rm 'apll.1 g.ln (Iou) 1.lIlGn S,h.dvl. 0 hrm 1120511 ...... , .... . .. . ~- ----- , Other portfolio InCOmt lIou) 1!t1tCh schedule) . . . . . I . . . . . . . . . . . . .... . . . . 41 6 NI' g.ln (Ioul uudbr ncllon 1231 lolller th., duo 10 '"Ullly or th.IIIIII1ICn Form HIli. . . -----s 8 Oth.r In,om. (10,,1 1IIII<h "h.dul.). . . , . . . , , . . . . .,.,'. . ,. . .... , . . . 8 . 7 Charitabl. contrlb\IUOnll (sea Instructions) (.tt.tch sehfldule) . . . . . . . . . ,. . . j... . . . 7 I J 8 Set lion 179 "p'ns. d.ducllon 1.lIl<n Form 4562) ........... . .. . .... f .. . 8 . 8 O.ducllon. ..11I.d 10 por1follo Incom. (10") Is.. Instrucllon.) III.ml,,1 . . ., . ... . . . . . 9 . 10 Other ded,:cllonl (lthch schedule) . . . . , . . . , , . . . . . . . 1n ,,' . ., . ".. . , , ilj 11. Interut up.nse on lnvutrnfllt debts .................. . .. . .." . . . .Jj~ bill In,..Im.nl I",oln' In,lud.d on lin', 41, 4b. 4,. .,d 4f obo,o I" . .. . ..,. . . . . l1bl11 15. 121 Invustmenl expenSfll lncludlld on line 9 lIbov., , , . ...... , " . .... . , . l1b(2) 120 C..dil I.r .1'Ohol lI.od II . fll.1 1I11IGh Form 64781 ............. . ,... . . . . 12. . b Low-lncom. housing cndit bn Instructions); $kttfi III From p..tnOllhlp. 10 wh['h "'lion 4l111151appll.. 'or proporly ploc.d in IOIvl" b.lo.. 1990 12hll1 ; 121 Othor U,O"l on IIn. llblll for properly pll<.d 1,1 IOrvl" b.lora 1990 .......... . 12b(21 131 From p..tnorsh[p. 10 which .0,lion 4111115) appll.. fo, proparly pll<.d In ..,vi" .11.. 1989 12bl31 0 141 011I., th., on IIn. llbl31 lor proporty pl",.d In IOrvl" .ftar 1989 ........... . 12hl41 <<) Qualified rehlblllttllon tJIlp"ndituru rellted to rentll ,..les1ftl ICtlvltlu Iltta<:h form 34681 .. "" 12a d eredltJ fottl.r th., r.rtdlts shown on IIn.. 12b .,d 12(1) r.llted to rent.1 r",1 asln. .ctlvltl.. ;,;., Is.. In.lrucllo..) ..................... . ......... . ".. . . . 12d - . Cr.dits r.llted to other nntal tctlvltllll (II. Instructions) . . . . . . . . . . . . .... . . . . 12. 13 Other credits (see Instructlonsl ................,... t'" .... . . . 13 ~; 14. O'p'oclo1lon Idjusln1.nl on proparly pllG.d In IOrvl" .ftar 1986 . . . . . . . . .... . . . . 14. -186. H b Ad)ul1.d g.ln or 1011 ".................. . ......... . .... . . . . .ill.. . Ii a O'pl.llon (od,ar th", oil and g.tI .... . .. . 14a ............. . ......... . "ti"~111 d UI GrOll income from oil, gas, GI' geotherm.l properties . . .......,. . .... . .. . .: (2) Oeductlolll IIIDClbl. 10 all, gas, or geotherm.l propertlu 14d121 ...E ......... , .... . . . ~ f-~ e Other Idlultmltnts find tax preference lhlms f.fteeh schedule) ......... . .... . .. . 14e 161 Typ. of In,om. ~ ________________________________._____________ W;i"i~ II %~~ ~ b N.... of 'o"lgn ,o",try or U,S. p......lon ~ ___________________________ c Total grail Income from ,oweu outside the United States (.tiKh schedulel. . . ....0.0. T8a Ii. d Total applicable deduclions tod 101111 Oach schedulel 0.... 0 . 0 . . 0 0 . O' 0 0 0" 15d 'Ii . Tol.1 foreign ttXeI (check onel: ~ r.ld 0 Accrued 0 . . . . . . . 15. ~ ...0 . . . . f Reduction In In;es 1V.1Ieble 'Of credit (.tltch schedule) . . . . . . . . .... . ..0. . . . 151 -- a Othar forelon lax In'ormrtlon tlftlCh ~chedullll. . . . . . . . . . . . . " . . ... . 16. 16. TOlal IlXplildllurlll to which. Stlctlnn 59(.,) electlun may .pply . . . . .... . 0.. . . . . . 18. b Type of upeoollur.s ~ ----------------------------------------- l1ij@) 17 hit-exempt Interest income. . . . ........ . '" . .... . ..0...0.0 . .. . 17 T8 Other tlx -el(ernpt IncOfTlI . . . . . . . . . . 0 . 0 0 0 0 . 0 0 . . 0 0 0 . . 0 . . 0 . . 0 .. . T8 19 Nondeductible up."s., .... 0......0 0...0.... 0 0..........0 . . . 19 ~ 20 101~ proparly dlstrlblltion. IIncludln9 ,..h) othar th., dl,ld.nd. ..port.d on IIn. 22 b.low .. . 20 21 OllHlr lI.m. Ind on,o",1I roqul"d 10 b. ,.port.d "P"I1.ly 10 .h..hOlders I... \r&~!(', Inilructlon.1 Il11l<h "h.dul.) g,:_},Pf. ~%~Wi 22 Totti dividend dlJtriblJtJonJ p.11I from IC;cumul.llld lI.nings Wld profits 0 . . . . . . . . . . . . 22 23 Inooma lIaul. IR.qul..d only II S,h.dul. M-l must b. ,0mpl.l.d.) Comb in. IIn.. 1 'llllit through 6 in column Ibl. From th. "lUll, subtrl<l th. sum 0' IIn.. 7 through II.. 15.. and 16. .................,..." , '.....,..."..,...... . 23 -32 973, H1n X1UO 1,1\00 . 40Y005 K311 04/05/05 Hi: 14:54 Vel,11 CCILE'S BICYCLES. INC. '~1Il ""111"3) Pllf~ Part V Listed Property - Automobiles, Certain Other Vehloles, Cellular Telephones, Certain Computers, end Property Used for Entertainment. Recreation, or Amusement For any vehicle for which you we usIng the tllndwd miluge ,.te or deducting IlIlSe upllnse. complete only 22., 22b, column. 1.1 through Icl of Socllon A, .11 of Socllon 0, .,d S'Cl[on C If lljlpllclbl.. Seotlon A ... O.!'Prlt(lt~tlon ,nd Other Inform.tlon C,uUon: S~e Instructions for limitations for Momoblles.) 22. Do ou hlYI ,vidence ~ort thl busIness/Investment .!Ise cI.lmeIT Yes No 22b If "'YlIS" Is the IIYidence written? lcltllllllttlll 1,1 hI la-I Innll""," "1 Bdltltl.."ul.!le Itl tll 'I'~,. ., ''''lilY lIIu Ott, ,I~c" '" .. CUI 'I 1_.1"'11/1",..111I111I Rlconl',' Mil"'" n~lcI.. lhtll ..nln '''(1M.,. IIh. ru,11 I... 1&1I1...1 pili" Uu,IItI.. 25-10419a 7 Iii O"IIchH.I ......ell.. v.. III (l'fl,' u<<I,. U, UII No 23 Property used more than 50.;' In I IJ.IUllld hu"lneu use lien Instructions): ,/, ,/, ,/, 24 Propen ulied 50..,. or leu In I u.'1 led business UIII lsee Instruetlond: =-f SIL . ,/, S/L . ,/, SIL . 25 Add ..,011I11 In 0011llVl "I. Enter tho lot~ here .,d on /i". t9. pogo 1 .S.E.E. O~ T;\.I ~, , , , . . . " 25 26 Add "'''''''11 In oolumn 01. Enter \!!!...lli!l hero Ind on lin. 7. p.qo 1 . . . . . . . . . . . , , . . . . . , . , . S..lIon B - InlollOlllon R.QoIrdlng U.. 01 V.hl.I.. - If you d.duct o.p.n... for vehiclo.: . Alwr;t u.,II1' I'" utll.. I., .."cl.. ... 'y , ..I. ,UpfltlOI, p.,t.." II .Ihl .""1' 11'." flY. ''IUII,. ff I.ltl" ptll'., . "Y" "..I." ..~Itl.. II YOIll .""Ity...., /lrn 1M"" ,~. q"sU'1lI I~ S.ell," t I. "' II Y'1f ",..I III "'(lpll,,, I. u""llIln, I~II IIctlOll '" 1111111 u~l(l..., 27 ToU! businoll/lnv..tm.nt mil.. driven during tho y.rr !DO NOT Includo commu1lng mli..1 . 2B ToUl convnu1lng mil.. driven during tho yorr , . 29 Totol other p.rsona! lnoncolM1u1lngl 1.1 V.hiclo 1 Ibl V.hlcl. 2 lei V.hlel. 3 (d) V.hiel. 4 1.1 V.hlcl. 5 III V.hlcl. 6 mil.. driven. . . . . . . . . . . . . . . 30 Totli milt. driven owing the ye... AcId IIn.. 27 through 29 ........ fu . fu . fu . fu . ~ . ~ . 31 W.. tho vehlcl, ..,i1..lo for porson.1 us, ""ng oft-duty hour.l . . , . . , , . 32 WIS tho vehlcl. usod prlmrrlly by . mort tIun 5.;' owner or related perlon? 33 I. OlOther vehlolo ..oIlobl. lor p."on~ use? .............,.... S.ollon C - Quo.tlon. 101 Employ.,. Who P,ovld. V.hlcl.. 101 U.. by Th.l, Employ... Answer these questIon.. to determine If you meet ., uCllptlon to completing SecUon B. Note: Seollan B must .Iways b. completed for vehicles used ~y sole proprielors, p..-tners. or other more thll"l 5% owners or rellled persons. Yel No 34 Do yov m.lnl.ln , WI,",n policy sl.I,m,nt thl1 prohlbiU .11 porson.1 u.. of "hlcl... including commu1lng. b1 your employees1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 00 you mllnt.ln I wrllten policy llatement \hrt prohibits personll use of v.hl~les, oxcep1 commuting, by your employees? (See Instructions ftlr vehicles used by corporate oHicers, directors, or 10/. or more owners. I ....... 36 Do you trell .11 use of vehicles by employees as person" use? ... . . . . . . . . . . . . . . . . . . , . . . . . . 37 01'1 you provide more thin five yehlcles to your emploYllu .-.d rel,in the Inform.tion received from your .mploy.es concerning the USIt of the vehlcles1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 00 you meet the requIrements concerning qUllWed Momohlle demonSl1lllon IJse (see InstrucUonst1 .......... Note: If your IOswer to 34. 35. 36. 37. or 38 Is '"Yes," '10\1 nefld not complete Section B for the covered vehicles. Part VI Amortization .... . .... . .... . !ol O..erlptlon of cosU fbl Date wnonlzatlon bugln, our 1993 I" orr: 1.1 AmOl1ltlblo omaunt Idl Cod. seoUon 1.1 AmoI1I'l1lon porlod 01 perc.nttg' III AmortI.rtJon fOf thl. yorr #;;. ~4+ t\ 39 ","0111,,11011 0' colli Ihl1 b. In. durin ::~m.w.t:M~@:~~M~lfi:~ 1:f@1tf4t~\%f:l 40 Amortlrttlon of cosls thlt began before 1993 . . . . . . . . . . . . . . . . . . . . . . . . . . . . "'1 Tabl. Enter here II1d on "OUler Oeductions" 0"" "01her Expenses" /lne of your return ". . 40 41 H113 3XUIO 1,000 ~ :s ~ , l , ii III , on o , i ~ ~ ~ r = .. ~~ ~ I ~ ]~I ';I -~;: m t;J: -1-- - ,------.---. h I~Ci ;@- iW - -1-1,,,,, ~:~h\tJ.: iltj,~\ i~.,:;{~... c.J.",'5":~.~,:;.'; ;~W','.!: 3~'j}:f.:' r'(r~" ~~_Ml:tj:~ ~:1;j:(.'..': ~~l{~i,t ~;'>~- [j'~' ~t?~ ~B~ ~ on on on on on --.-- ----- ~i ~ :::l ~ ~ ~ ~ .~ ~ i u l_I~ I-- , . . . . In en II) y.! rf\ "llfi:! ~ I'lln:<: i'e U 11 ,-- m m m iiiJijN 1t4ii; "'[)'j :,.;::.t~." ~ :;:;: .c. :~.~ c C) i 1 Q . . , , , , lI'IcnllOlonencn II J:! \!l ill:<: ~ l:l o M .!!s 1] ~:U !.s 5t~ ... d.. goo 0 0 Q d;r ... :a ~ ~ 2 ~ ':~n~) ,. .?,,~< ;:.')nH M o o M . , . , , , In /ill II) lI'I G'I co IJ::;~\q~~: . b IS l;;~~~~~ . . ~'a " " - , i5 ' ,...,." en"':g lI'I . D ~~~~....::: . ~ N ... U"I 0 0 C ... CJ (3 ... .-- _ . . . . ;: . . 15 . If . . t~ . . fi . . I . . ~ . It < tI !~i J . 11 ~~I . 'E1 -;; ~ ::;!II . " ~ ~ a: ~~~~~ . u ~l~ 'a CIl " g cl!;t " .. ~E!~~ia ~ 6 ~ ii ~c! . ~ ~ ... ~ M .. ,;; ~ III ~ r , ; Ii . - .. , , ;: I ~ .. , ... 1;;" ~ e : .; - -- --- -- ,-- -t-. -r--,- -t-- n 8 .: ~ w N ", ~, ,..; '" ~~I .. ._, -- - - - 1- - -- .- --. - - - --1- .. ., S~. f- f-- f--- - -. f-- ---- r;: - - - -- - - ~B~ ~i - - f- -- -. . - ::l '" '" '" '" ~ ~ !i --- -- - - -- - 1--.- I; I~ -' :II lil ~ N ~ M .,; ..; 0 ~ U ~ .. "! ~ " ~ Ii ~l~~ ~ - c ,c .,; C) M f)I m .. ~ ~ ~ "! ~,s .. " N "' iJ - ; S'ij ~l" ".s Ei~ JI Jat 0 s 0 0 I g g g M ;;; ~ '" ;;; M N .. P ~ '" '" " "! ~ .. .; N ~ ' ~ '" ~li ^ lil u !:J !1 .. .. m m ~ , ~ , r:: ~ p ;::; '" 0 , . lli ~ , ~ , '" M N , . ~ 0 0 ~ . . . I . , -' . ~~ . . . c , . ~r:: a . . ." .g ~ ~ , ~~ "' ifi ifi Il , . ." . .. ~ ii' ~ . &: '" ~ . .. ~ ~ ~ c lil ~ .. a: .., o ~ , . ~ .. ... ffi ffi ffi ffi 'B ~ :9,::i ~ ~ ~ ~ ell .. b !;j ~ ~ ~ ~ g ~ . '" ~ .- ~ .. ~ I- :;::; Q 'll ,l; ell Il ~ 8 ~ " N o ~ . ., ... :; '" .. '" ! ~ ' ~~ ~ti ; t! o 1'1.: \ EI . - 'if" W ~ij ,ff! i'n ;~':'" w' .,.,' i), Lk ,,;. .' ,. ih - ~;;>. . ]l! W/ iF ::'r, ill ....... H~ ;'.; ~~} ~ .; .,; ~ m Ii .; I:i - f-. w- !:l :r '" i!! ,'if! ~ 1:11 i 'i" I .. M ~t8 W ':;;? \" '" iA-- c lO :I .. J:! 1;1 ,~~ ~ N ", ... :??i ~ c iU N ... ili ... III '@ - m:: ~ I ~ on .; .; .; .; .; ,.: .,c..., ;l; . " .. ;: '" ~ '" '" " N ~1} ~ 88 '" ... '" - ~{, ... ~ ~U I " * _i'J ~ " g " " " Q " " " " ""f " " " " g " " " " . ~ .!! ~ " " " ~ " " ~ ~ '" ~ .; ~ .; ~ w .; ~ ~ ~ E iWI - ~El ~ ~ !!l ~ ~ ~ l:l ~ ~ ~ IIi c " - i!! !!J i!! i!! i!! i!! !!J !!J 1:~M4t1 GI "8 > Il~ IV ~lii ~ W-8 on .; .; .; on .; ,.: \Ii .; .. ~ /:! m '" m '" " ~ .. ... ... ~ ... ~ '" N .. ~ ": 8 .. .; ~ .!liii N ~jJ ;;; N N ~ G: G: N N I;i ~ - jl '" '" m '" "' [ . , , , , , , , , , , . l:i ... N ... "' ... C; '" N '" '" " " '" N :: " :: :: . . ;: , , , , , , , . . N ;; '" '" m " " N :: " ;!i ... " " " ... ... ... - j . . . . ~ ~ . 8. :1 , is . . 0 ill . . ~ ... ... ... ~ J Ili ... ili ~ II . ! VI J ~ u ~ ~ ~ ~ tl 0 ~ . ~ g ~ !l' VI ffi iil "' 'll .2 IJ z '" ~ .. :s .)1 III ~.g. m If. ~ ffi m IF. I ... ... m ,- ,- ;i .I! ~ n ~ ~ ,- ~ ~ /;'1 ~ z ~ gc! ~ ~ g; ~ 0 l!J w ,- u; . ... ... - .... Q I- . i :;:l .... CC ] I;l . !il '" II ~ 8 .; a a . 40YOQ5 K371 04/05/05 COLE'S BICYCLES. INC. 15:14:54 V3.11 25-1047987 SCHEDULE K-l (Form 11205) D.'Hl.... " 111II TI...."Y Illtlll.1 RUlli.. Imlu bfl Innln Shlr.hold.~. id.nUf~umb.~ ... Sh..holdll'. nlllll, addr.... lfld ZIP codl LEONARD C. COLE 327 N, CARLISLE ST CARLISLE, PA 17013 Sharoholdor'a Shoro of Incomo, Crodlts, Deductions, ole, ~ See up..lt InSll'ucllons, for c.lend.. yo.. 1993 or lu ye., 11/01/93 ,nd.ndin 10/31/94 210-26 -9944 Corpo,a'!!?n'. Id.nUhlng numb_'!!..~~5 - 111.47987 CorponUon's ntm8, .ddress, and lIP code COLE'S B 1 CVCLES. I NC . 327 N. HANOVER STREET CARLI SLE, PA Of.ll No. 1545-0130_ ~@93 17013 A"Sh;lholdlr'. Pllc.nllg. of .,ock owner.hlp for lOX yur: Is.. !;;wucllon. lor Sch.dul. K- 11.-:::-::, , "'J9_0_~QQ9.9_0J~. \. B InIOln.ol R..."". Servl.. Conler wh.r. corporlllon iliad Its rllurn ... _.!'.rU-',-~Q~1!.'.rLlJl."_~('\_JJ!.~!i!?_.________________ C lox .hlll" ..gl'~lIlon numb" I... In.~uollon. for Sch.dul. K-lI ... Illrl Fln.1 K-' 12)h 'A~;n;od 'K:; ............. . , , --..----------- 0 Chock Mnllolbl. bo.." I.) Pro nt. 'DNrD lIem! Ib) Amounl lei hIll! 1G40 111m if.., "If .".ut I. (.ICfllII I'" ,": 1 Ordlnwy Income lloul from tude or b~,lnen "U'IlUes , , .. , ..L 1-- -32.988. S.. $~t,,~.I.,,'. Z NIl Income lIoss1 frum nnt.l r,,1 utltfl 1C1lvUllll . . . . . .. , 2 '> !"'l,.cllns 1111 $e,",.I, 3 Nel Income 110111 from ollie, ronl.1 ICII,itl.. , 3 .~ 1 (f,rM 11l0$I. , , .... . " . 4 Porllollo Incom. /loss): I'nil ] . In1,,,.t. . . . . . . ... . , , ...... . . , .. t.. " . ~ -~ Seh. 8, PorI I. IIno 1 b Dividend. . . . . . . . . . . . ~ ...... . , . .... . .. . 4b Seh. 8. PorI II. IIn. 5 j 0 floyllll.. ........... . ........ . .... . ,. . 40 Seh. E. P.rt I, IIno 4 d N.t short-term caplt., glln (Jossl . . . . . . . . . .... . ,. . 4d Sch. O.lIne 5, 001. If) or Iii . Ne' long-term ClpltlJ 9.ln (Ion 1 ......... . . . . . . . . ~.' Sch. O. line 13, 001. III or Igl f Othor portfolio Inoomo (loss) I.IIlCh sch.dul.1 ..',...,.. 1...1L - ltnurOft tppllublr Un,'y,,, IIlInll.1 6 Nol glln (loss) under IOOllon 1 ZJ 1 lother than duo 10 clSu.lly See Shareholder's Instructions or theft) . . . . . . . . . . , . . . . . . . . . . . . . . I . . . ~. for Sch.dul. K - I !Form 1120SI. 6 Oth.. Incom. Ilossl Il\1ooh sch.dul.1 . , , , . , , , , , , , , , '. 6_ Ullwu.IO!!.c.!0l,1I110tfV.lHltitflt.1 1 7 Cha'ltlblo oon~ibutlons I... In.~ucllon.1 Il\1lCh sch.dul.1 ... I 7 Seh. A. IIno 13 or 14 '" 6 S.ctJon 179 Illpenle deductIon . . . . I . . . . . . . . . . . . . 6 }'tllhll'h'I'""I'"'''U''' ~ 9 Olduollons rolll.d 10 pOlllollo Inoomo /lossl I.llseh sch.dul.l. , . 1-9 III Sd"l/I, ."1 lhl. IUDSI. . Q 10 Other deductlonl (..tach Ichedule). . . . . . . . . . . . . . . . t ~a ~ 110 Inhtret1 upenSl on iovestm.nt dab Is . . . . . . . . . . . I . . . 11';- Form 4952. IIno I j b (11 Inv..tm.nl Incomo Includ.d on IIn.. 4.. Ib, 40, and 4f Ibm bl11 15, }StI""'h'"I1"'M'"''I''' 121 111Y..tm~nl fl.llpensel lncludfld on line 9 Ibove bl21 I" StUItl, I-I IF"1It 1U0SI. .... ,... . " . 1Z. Credit for .Icohol used u fuel. . . . . . . . . . . . . . . . . . 112. -- Form 6478. IIn. 10 b Lowwlncome housing credit: 111 From ..cllon 421jl!Sl p"lnmhlp. for properly plse.d In 1- .ervice before 1990 . . . . . . . . . . . . . . . . . . .. , b(1) 121 Oth.. than on IIn. 12bIU for properly pllO.d In ,,,,10. before 1990 . . . . . . . . . . . . . . . . . . . . . . . . . biZ) Form 8586, IIn. 5 1I 131 From IIollon 42111151 p..lnershlp. lor prop"IY plse.d In '2 .ervlce Ifter 1989 . . . . . . . . . . . . . . . . . . . . . . b13) . 0 I~I Othll than on IIn. 12blJI for propOlly pllO.d In ,...100 bl41 Ifler 1989 . . . . . . . . . . . . . . . . . . . . I . . . . . I- . Qulilflld rehlbilU.tion 'bXpenditurll rel.ted to renul nil IIt.te toll,llI.. I... Inst,uollonsl ................, I. 12. d Clldlts lothll than ",dlts .hown on IIn.. 12b and 1201 "I.t.d } ,,~~""'- 10 ,onlll ".1 ..tllo 0011,111.. Is.. Ins~uctlon,1 12d l~f hh."l. ~.1 Iftflll IUOSI. ... . , .. , . Credits related to other nnt.1 ICtlvltllS lsn Instructions I ... . 12. 13 Other credits lsee Instructions) ................ . 13 11 1~ . O.prlCllllon adJu.tm.nl on prop.rty pl..01 In ,ml.. .ft" 1986 14. -185. s.. Shor.hold.r'. e ~ b Adju.l.d g.ln or loss .................... . 14b Inslruotlons for . e . O.pl.tlon IoU.., Ih". 011 ..,d gll) .............. . 1~. Soh.dul. K -1 (Fonm l'i d (1) Gross Income from 011. gIS, or geothermal properties dl11 11205) .nd ,. . Inslruations for ;~ (21 Deductions Illocable 10 oil, gll, or geothermll properties . . dl2 I Form 625 I .. Other .dlustments ...11 tu pr"'flrflnce Items (.tilth SCht1l1ulel .. 1~el ..;, . For P.perwork "eduction Act Notlcn, Uti pllgn 1 of Inltructlon, fQr Form 11205. Schedule K-' IForm 112051 1993 "'n 3CI60n 1.000 Fo,m1 1 2 0 S Oop'Hlm.,,1 01 Ihe "....ury InlGfn11 "IYlnUI SINII:. ~ A Oate 01 orttellan oa an S co'p",.Uon U.S. Income Tax Relurn lor an S Corporation FOI u1tndM yn, 1112,01 141 ,ur b'lllnnltlg JJ,t.QJ..' uu, .nd endlng.'Pl.1L., 1 '.~}... to Sft. I" 1.,.18 In.tructlon.. CLlENT'S COPY OMU NU.1545.0t:10 'il ~>>9 2 11/01/91 '8 BUllion" r.odo no, (," SpICUle InllrucUons) Un IRB Ie bel, o thl r. wi.., pl.... prlnl or City Of' lown, Blain, and ZU' codo E Tolnl auoll (SOD Spocllie Inllrucll(lfll) 5995 tvp.. r.1I111,'if,],F: PII 17013 $ 220,029. FChock appllcoblo boxoo: (\)0 Initial rolurn (2)0 Final rolurn PIOChango In addroo. (4)OAmondod rolu,n (l Check IhI. 1>0, IIlhl. S corrorallon I. .ubjeollo \ho consolldalod eudil procedural 01 .ecllon. 6Z41 \hrough 62451..0 In.llucllon. beloro choc~ng \hll bo').~ 0 fI Enlo' numbo, 01 shn,oholdors In Ih. corporntlon nl ond cl Iho Inx yo., . .~ 1 C.ullo": Inc/udn ani Irndn or hU!JlnnSII Irworn" nnrl ON omrOIl on IInns In 'hrOIJ h 2'. Son thn In!llrIJcllonll 1M morfJ Informll//on. 1 a GrOll recolpt. or nl.. 596 328, b l.QSS IGlurn, .nd ,UOWRncoa 0 . Cl Bol.. 1 c 596 328, e 2 CO'I 01 good. sold (Schodula A. IIno 8). . 2 356 444. o 3 Groes prolll. Sublrucl IIno 2 !rom IIno 10 3 239 884. g 4 No' gain (1089) Ircm Form 4797. Part II. IIno 20 (a/tach Form 4797) . 4 5 Olhor Incomo Iloes)(oao Instrucllcn.) (a/tach schadu/a), SEE S1'MT. U 5 6 To'ol Incomn 10... Combine Ilnee 3 Ih,otJ h 5 . ~ 6 7 Companeatlon 01 ollloo,s . . . . 7 ';l 81 Solari.. and wago.1 105,598, b Lo.. job. crodll i' 0.'1 cBaI~ 6c t 0 Repair., 9 :.~ I 0 Bad dobl. 1 0 j I 1 Ront. 1 1 . .: I 2 Taxo. 1 2 : 13 InlDrool. 13 'e 14. Doproclatlon (190 Inelruotlonl) . . 14 e 2 643. ~ b OoproclaUon clalmod on Schodulo A ond oleowhor. on ralurn . 14 b .~ c Sublrocl IIno '4b Irom IIno 14a . . ~ I 5 Doplotlon (00 nol doduct 011 .nd gao doplotlon.), ~ 16 Advorllelng ~ I 7 Panslon. prolll..harlng. ole.. plane . . 'i: I 8 Emplcyoo bon. III program. . ~ I 8 Olnor doductlon. (oao In.trucllone) (a/tsch schadu/a) Q 20 Tolal doductlon.. Add IInoe 7 through'O . 2 1 Ordlna,y Incomo (Ioso) Irom IrndD or buslnoss noUvllloe. Sublrncl IIno 20 from IIno 6 22 Tox, a Excoo. nol p.eolvo Incomo lax (a/tach schedule) b Tax Irom Scl1odulo D (Form 1120S). , . :I c Add IIn.s 220 and 22b ("Oln,"uctionolor eddlllonalla'o,) f 23 P.ymonto: e a 1092 .0Umalod lax paymonl. ~ b Tax dapoallod wllh Fcrm 7004 D. 'Cl r. Crodlllor Fodoral lax on lualo (a/tach Form 4136) ~ d Add IInae 23n IhrouOh 230. )( 24 EeUmalod lax ponalty I.ao InelrucUono). Chack II lorm 2220 Ie alia chad . '" I- 2 5 Tn duo, If Iho IClal cl IIno. 220 and 24 I. largor Ihon IIna 23d, ontor amcunt owod, Soo Inelructlon. for doposltary mothcd of paymonl . ' ~ 25 Overp.ymonl, If IIno 23d I. la'gor Ihan Iho 10lal clllno. 22c and 24. .nler emounl ov.rpald . ~ 26 Enler amounl 01 line 2~ want: Crodllod 10 1993 e.llmalod lax ~ Rolundod ~ 27 Und., pU\lIHn 01 plIlllIry, 1 docl",. Illal 1 have 'lAmlntd Ihl. r.lurn, Including flccomplnylng Ichldultl Ann .I.'.ml/'lll, Ilnd 10 "" lIttl 01 Ill' ~. It\d b.II.,. I. ~ ,,,''. 'CtIOO~ 'COPf p"p"" (olMr Ihon "'p.,,,,I. b.... on ,II ""oll.IIlon .1 whlth p"p"" h.. onl '.ool.dO" .._ I.. ,.. Slgna'lIl' 01 nlllellr 0.1'''' TllIo Na"", COI,I~~'!l nICYCJ~I~n, TNe _.. Numbor, strool, and room or ~tJllo no, till P.O, 00_, I" peQO 8 ollh" IntlnY-llons,j ~27 N III1NOVlm STHF:f;T c Employ,r Id"lll1lcIllon 2~) 164790'1 numb., o DAlo Inoorpornled 01/04/91 445. 240,329. 65,141. 105 598. 1 511. 52. 25 900. 15 463. 539. SEE STMT. .2 [II 14 c 15 16 17 18 19 20 2 643. 19 314. .~ 7,738. 31 382, 2~5,281. 34 952. 22a 22b 23a 23b . 23c . . 23d ..0 24 26 27 Please Sign Here Paid 'roparor's Uso Only Prepar.", Itrrr... IlgnllulI ,.. Oil' ellet:k II 11I11. .mploYlId It E.I. Nt). .. DillS Firm'. (lllm. (or ~ El,WOOD,. ASSOCIATES, INC. YOllr. II ..fI..mploYlld) 15 S'l'A1'F, AVE, SUITE 102 and .duftlu Clllll,If,l,I,~, I'll 17013 -'For reperwork Rflducllon Acl UOllce, soe pege 1 111'[000 .. 01 .ep1U81e Instructions, 17013 Fo"n 11 20 S (19?2) Form l1~OS 190~1 COI,f:'S IlrCYCI.F;S, INC Cool 01 Good a Sold (Son In..lruellonR.) , Invonlory.1 boglnnlng of y..r. 2 Purohn ... , , , , , , . , , . I Call 01 labor , . , , . . . . . , ~ Addlllo""1 loollon 263A co.l> (.on In.'ruotlon.) (aI,acl1 .ellodlllo) 5 Olhor cO.II (aflacll .cl1odulo). 6 Tolol. Add IIno. , Ihrough 5 . . . . . . . . . . . . . 7 Invonlory al ond 01 yo or . . . . , . . . . . . . . . . 6 Co., 01 good. .cld. Sublrocl IIno 7 Irom IIno 6. Enlor 11Oro nnd on pag. 1. IIno 2 U I Ch.ck all m.lhod. usod for vnlulng clo.lng Inv.nlory: (I) [iil Co.' (II) 0 Low.r of co.t or mark.1 as d..crlb.d In R.gulallon. ..cllon 1.471.4 (III) 0 Wrlt.dcwn 01 '.ubnormal' geed. an d..orlbad In R.gulallon. .actlon 1.471.2(0) (Iv) 0 Olhor (.poclly m.lhod u..d and aUach .xplan.llon) .. b Chock IIlh. LIFO Invonlory m.'hod was adopl.d Ihl. lax y.ar i~;'~~Y"~~~d''''iii'~;,~'dk;d:'~;;;~;'''';~;;';'970;''~''':'':'':":-':0 o II Ih. LIFO Inv.nlory molhod was u..d Icr Ihlo lax yoar. .nler porc.nlag. (cr amcunl.) 01 closing Inv.nlory compul.d und.r LIFO. . . . . . , . . . . . . . . . . . . . . WJ d Do tho rul.. 01 .ocllon 263A (for proporty producod or .cqulr.d lor r.s.I.1 .pply 10 111. corpor.Uon?, . .. 0 Yos a Wa. thoro any chang. In d.'.rmlnlng quanllllo.. cO.I. or valuallon. b.,woon opening .nd clo.lng Inv.nlory? . 0 Yes U .y.... .Uach .xplnnallon. ~rlnformotlon , Chock mOlhod 01 accounllng: I.) 0 Ca.h (bl iii Accrual (e) OOlhor (.p.olly) .. 2 Allor 10 Iho 11.1 In Iho In.'rucllon. and .Ialo Iho corpora lion'. principal: .............................. (I) Ilusln... acllvlly ...t\,~T.~,I.~..'!'.~!\I?r:.................. (b) Prcduot or ..rvlco .. .!U~.'!f:~~~...................... 3 Old Ih. corpo,.tlon II Ih. .nd 01 Ih. lax y.ar own. directly or Indlroclly. 50% or mora cf Ih. vollng .Iock 01 a dom..tlc corporation? (For rul"n 01 .UrILJullon. ... ..cllon 267(0).) II .V.... all.ch a .ch.dul. .howlng: (e) namo. .ddr.... Ind omployor Id.ntlflcatlon numb.r Ind (b) porc.nl.g. cwn.d. . . . . . . , . . . . . . 4 W.. Ih. corporation a m.mbor of a ccntroll.d group .ubj.cl 10 Ih. provl.lon. cl ..cllcn '561? . . , . . 6 AI any limo during calondar y." 1 992. did Ih. corpo,allcn havo on Inl.r..t In or a .Ignatur. or clhor aulhorlly ovor a financial aocounl In a 10r.lgn counlry (suoh a. a bank aocounl, .ocurltl.. aocounl. or othor IInanolal Icoounl)? (5.0 In.tructlon. lor .xc.pllc.. and filing r.qulr.m.nto lor form TD F 90.22.1.). . . . . . . II .Vel,- ilJnler tho nama 01 tho foreign country ..,........................................................................ 6 WI. tho corpcrallon 11'10 granlor 01. or Iran.l.ror 10. a lorolgn Iru.' Ihal oxl.lod during lh. curr.nl tax y.ar. wh.lhor or not Ih. corpora lion has any b.n.llclal Inlor.st In It? II .y.... 11'1. corpora lion may hay. 10 fII. Form 3520, 3520.A, cr 926. . . . . . . . . . . . . .. ............ 7 Chocl\ Ihl. box II 11'10 corpora lion ha. 1II0d or I. r.qulr.d tc III. Form 0204. Appllcallcn Icr Aogl.lrallon 01 Tax Sh.ltor . . . . . . . . , . . . . . . . . . . . . . . . . , . . . . . , . 8 Ch.ck thl. bcx II Ih. corporallcn I..ued publicly ollor.d debl In.lrum.nl. with original I..u. dl.counl. . II .0. Iho corporallDn may hay. 10 III. Form 0201, Inlormatlon A.'urn Icr Publloly Oll.r.d Original l88u. Ol.count Instrumenl.. 9 II Iha corporallon: (e) 1II0d Ita .I.ctlon 10 b. an 5 cDrporatlcn alt.r '900, (b) was a C ccrporallon b.lor. II .1.ol.d 10 be an 5 corporlllon or Ih. co, para lion aoqulrod an ...., wllh a ba.l. dolormln.d by r.lor.nco 10 It. ba.ls (cr the ba.l. of ony clh.r prop.rty) In Iho hand. 01 a C corporollon. and (0) has nol unr.allzed bulll.ln gAin (d.llnO<l In .oollon 1374(d)( 1)) In oxc... 01 Iho n.1 roccgnlzod bulll.ln gain !rom prior YOlr., .nl.r Ih. nol unroallz.d bulll.ln gain r.duc.d by n.t r.cognlz.d built-In gain Ircm prior y.ar. (500 In.truollon.) ... $ ..................... 1 0 Chook Ihl. bcx If Ih. corpora lion had .ubchapl.r C .Irnlngs ond prolll. at Ihe clo.o of Ih. IIX yoar (.00 In.truotlon.) . . . . . . . . . . . . . . . . 11 W.. thl. corporallon In cp.rallon 01 Ih. end 01 1092? . . . , . . , . . . . . . . . . . , 2 He.. many monlh. In 1902 was Ihl. oorpcrallon In op.rallon? ~~ tfi479A1 , 2 3 4 5 6 7 B a ...0 ...0 ... [iil Dealgnatlon 01 Tax Mollora Porson (Soo Instructions.) Entor bolow Iho .haroholdor de.lgnalod a. Ih. tax mailer. p.r. on (TMP) lor Ih. lax y.ar cl thl. r.turn: Namo 01 ... Idonllfylng ... do.lgnal.d TMP'" 1.F;ON"IUJ C COl." numbor of TMP'" 210-26-99~~ Addro80 of d..lona\.~P ... }27 N ""NOVER ST ". CTlHI.1S1>" P" 17013 Pago 2 199 762. 347 49~). ~~7 257. 190,913. 3% ~ 4 ~ . @No [iilNo x X X X il~!\t1 ,!~' (W'd ~~1. :i~~1 Bb.'!''''.'''.:'l ~t~( ;~N~ .,.hN} iu*~~~:, #f,J}) ...""'.'\B'l'" ."'.'.I'.'...~.... 1..JWiiC . ,,':" ~p',. " ~l,~:;:t, ,,,,J~. ""\'1 @11t ;~~lii i.~"; \lj'::;", roo . "hl -I~:. X 12 t~)t::1F:/~ or S ~ < . . ~ ;'); < v . < e ~ .. . B '- ~ "L ,.... II ~ .J .... . e . ~ C - r,()JIJo:'S nlCY(;I!!!..G,~~NC Shoroholdnro' Shoro. of Incomo, C!odltn, Dodllcllon9. olc. J.!l..!.Jro rnln ~tHlro ItAnHI 1 Ordlnruy Incomo (lOllS) lrom trndo ()( buslnuGa nctlvltlos (pllgo \, IIno 21) 2 Not lncomo (loaR) IIorn ronlal roal (JalallJ acUvlUoa (nttI1cl1 Form 0825) . , J p GroslI Incomo hom oUwr ronlal Hcllvllloa. , , ' , . I__~ tJ [l<ponSoR hum olhor ronlnl nctlvlllo& (lJ/{ncfJ fJCIIU(/lI/lI) , Q~= c Nel Incomo (loss) Irom oll1or ronlal nellvlllus. Sublroel Ilno 3b Irom IInu 3a. 4 Porllollo Incomo (loss): . InlAroBI Incomo , b Dlvldond Income. o Royally Income . d Nel ol1orHorm eapllal gain Iloss) (allach SellOdulo 0 (Farm 1I20S)) . Nollol1g.lorm capllal gain Iloos) (allach Schodulo 0 (Form 1 120S)) . f 01110' par 110110 Incomo (Io.s) (allach schodulo) . 5 Nol gain (lass) undor .aetlon 1231 (oll1or Ihan duo 10 casuallY or 111011) 1'11"11 Form 4797). 6 Olh"r In~omo (1005) (,1I/11e1' "ellodulo) 1 Charltablo oontrlbullonl (J€lP lns:trucllons) (attach 9chodulo) . o Section 179 expenso deducllon (all,1ch Farm 4562) . . 9 Deduction. rolalod 10 porllolio Income (loss) (seo Inslructlons) (lIemlzo). 1 0 Oll1or dodl1cllo.. (ollacl, sel,odu0L ._-,-,-,. 11. Inlerest exponso on h,veslmonl dobl. b (1) Invo.tmonl Income Included an line. 4a Il1rough 41 above (2) Invealn19nt Q)(penseo lncludod on lIno {} above . 1 2. Credit lor aloohol usod as . luel (altach Form 6478) . b l.ow.lncome housing credit (see Inslructlons); (1) From parlnorsl1lps to wl1lcl1 seotlon 420)(51 applios lor propol~ placod In 'o/Vico boloro 1990 . ( 2) Cllh.r Ihan an line '2b(1) lor property ploced In s.rvlc. bolore 1990 . (3) From partnersl1lps 10 which section 420)(51 applls, lor propor~ placod In 's/Vles allar 1989 (4) Dlher Ihan on IIno 12b(3) lor proporty pl.cod In service allor 1989. o Qualllled rehabllllatlon oxpendilures .olalod to ,...,1 roal s5l0l0 acUvlUs, 1,"ael1 Form 3468) . d Credits (oll1er Ihan credils sl10wn an lines 12b and 12c) rolated to rental real astalo aotlvltles I.eo Inslructlons). . Credits ,elalod 10 oll1or renlal activities (soe Inslrl/ctlons) . 1l....Q!!l~r oredlt~seo Inslrl/cllons) . 140 Dopreclatlon adll/slmenl on proporty placod In sorvlco allor 1986. b Adjuslod gain or loss . o Deplotlon (olhor Il1an 011 and gas) . d (1) G,oss Income Irom 011. gas, or uooll1.,m,1 proportlos (2) Deductions allocable 10 all. gas. or geoll1ermal proporllos o Olhor adlustmenls and lax p~e Items (a/lach scllodulo). 1 5. Typo cllnoorne ~..... ...................... .... ......... ........... ......... ......... .... b Nam" ollorolgn counlry or U.S. possosslon.. .......................................... o Total gro8ll Income from Gourcas outsldo the Unltod States (attach sahsdu/o) . d Tolal applicable deducllons and lassos (a/lach schodulo) . . Tolal loroign laxes (cl1eck one):" 0 Paid D Acc,uad. I F1eductlon In laxos available lor credil (a/lach scllOdul.) . g Olh., larolgn Inx Inlormatlon (a/lnch schadulo). 1 6 e Total oxpendltures to which a section 59(0) oloctlon may opply b Type 01 oxpondlluroo ~ .................................................................. 1" Tax.exompt Inlerest Income. 1 8 Oll1er lax.oxompt Incomo, 1 9 Nondeductible oxponses . 2 0 Tolal proporly dlslrlbullons (Including casl1) ather Ihan dividends .opo.lod o. Ii.s 22 bolow 2 1 Oll1e, Items and amounts required to be rop0110d soparaloly 10 sha,eholdo,s (.eo Inslructlons) (a/lacll schodu'o) 2 2 Tolal dlvldond di.lrlbl/llons paid Irom accumulatod aarnlngs and prall Is . 23 Incomo (loss). (Required only II Schedulo M.l musl be complelod.) Combino IInos 1 Ihrough 6 In column (b). From Iho ro.ull. subtract Iho .um 01 lines 7 Ihrougl1 11 a. 150. and 16n .1 't .g ~ Q ~ h 'IE ~ .,. l;,l . L I.l ~ ~ o ... c '" .- . . o .. L . .I: ... o 'H #'.l.. 1(,4" 9 0"1 Pngo 3 b Tolnl nmount 134.952. ) 4. 4b 4c 4d 40 4 f 5 6 7 o 9 10 lla lib 1 lIb 2 12. 43.~_ o. (3..1.L2.Q.U SCHEDULE K01tharehOlder's Share 01 Income, Credits, Deductions, etc. OMDNo.15450130 (Form 11205) .. S.. lopar.'. In.'rucllonl. 1,p,'lmtnl olll~ l"uufV ror cDlontl", ye.r 1092 or tnx y..r .~ [1) 9 2 ,,,".In,,,",,, 0.".. beginning ll/Ql ,10n. .nd ending 10/31 .1093 Shareholder:L..!!!!'nllfylno numbol" 21 O-;;r,:q9~ COI olallon'. Identifying numbor.. 2~ If,4'i907 Sl1aroholdor's namo. oddross, and ZIP codo Corporallon's namo. addross. and ZIP CllelO LI!:ONARD C COLI!: COI,'" 5 IJICYCI,I'S, INC .127 N IIANOVER ST 32" N IIANOVlm S'J'RI'I>T CARLISLE PA 17013 CARLISLE, PA 17013 A Sharoholdor'a porconl.oo of Ilook ownorahlp 10' la, yoar (.aa Inalrucllon. tor Schadulo K.1l ,.. ......}.Q~:.q~.q~...% o Inlarnal Rovonuo Sorvlco Conlor whoro ccrporallon iliad II. rolurn .. PIIIJ.JIDf,J,PIIIA C (1) Ta, sholtor roglslrollcn numbor ('00 In.llucllon. Icr Schodulo K:;).:..:..:.....:...Niii..................................... ....................... ......... ~.......... (2) Typo cf ,.. sholtor .. fJ Chnck nppllcnblo bo,ns: ( ;. i .t!. Fi~~i .K:;."....... i 2' i .t'J' 'A;';~;"d~d' K.,;.................................... .......,...........,. (a) Pro rota share Itam. (b) Amount (0) Form 1040 mora onlor lIa arrounllo OlllMM (b) on: 1 Ordinary In como (leBO) from Irado cr buolna.. ocllvlllos. , 1 134.952.) Sua Shar~dof. 2 Not Inccmo (1018) from lonlal real e.lslo aotlvltle.. . , . 2 los~ucUonllor 5chadulo 3 Nol Incomo (lOll) trom olhor ronlal acllvltlo.. , . 3 K.IIForm 11205). .... 4 Pc,tfollo Incomo (100'): U[Q ~ ~ a Inlero.' . . . . . . , . . 4 a 43. Soh. 8, Port I. IIno , a ../ b Dlvldond. . , 4b -- Sch. B. Part II. II.. 5 ... 0 o Rcyoltleo. 40 Sch. E. Part I, IIno 4 I . . d Net ohorHerm oapltal gain (Ioaa) . . . , 4d Soh. 0, line 5. 001. (Q 01 19) U .Ii a Not long.term capital gain (loss) . 4. Sch. D.llne 13, cuI. IQ or 19) f Olher portfcllo Incomo (loss) (./lach schedula). . 4 f tEnt.ron'f!PIWM.....M'OUl'''lInI.1 5 Nel g.ln (loss) undo, soctlon 123' (ether Ihan due 10 oaoually or MiMi Sel Shallholdo,'o Ins~ucUo", thell). , . . . . . . . . , 5 lor S<llOdul' K.I (Form 11205). G Other Inoome Iloss\ l.ttac.!l.!.E!!adu/o} 6 lentIl on <<de...... 01' weu "lJm I ~ 7 Charltablo ccnlrlbullon. (000 Inslruotlons) (attach schodulo) 7 Soh. A.llno 13 or 14 ,~ 8 6ecllcn '79 o'ponso doduotlon , , . . , . . 8 O. Sua 5hallholdof. Ins~ucUon. ~ g Ooducllon. relalod 10 portlollo Incomo (1001) (al/ach schodu/o) 0 lor Schedul. K.llForm 11205). . Olhor deduction. (sUsch schadulo). D 1 0 , 10 J~ 11 a Intnres' expense on Invoalmonl debls . , . , . 110 Form 4952. line 1 b (1 ) Invoslmonl Incomo Included on lines 4a Ihrough 41 above. bill Seo Sharoholdor'. Ins~uclloos ~~ I 2\ Invostrnonl o'consos Included on 11M 9 above. . . . . bl21 lor 5(hodule K.IIForm 11205). 1 2 a Clodit for alcohol uaod ao luol , . . 12. Form 6478, IIno '0 b Low.lncome houalng crodll: iMili ] Form 0506, line 5 (1 ) From secUoc 4Z0)(5) parlno/Shlps lor properly plaeod In sorvlco belore 1000 bill (2) Oll1er ihan online 12b(l) lor proporly placed Ic .orvlco bel..o 1990 bl2 ~ (3) From ...Uoc 420)(5) pannorshlpo 101 properly placed In .orvlce sllOl IOB9 blJ -- I; (4) Oll1e"han on IIno 12b(J) lor proporly placed In .ervlco aller 1060 . bl4 II b c Qualitled rohabllllallon o'pondlluleo relatad 10 renlal roal oolalo I~,,;b aollvilloo (soe In.uuctlons) . d Credits (olho, Ihan modli, shown on lines 12b and 120) relalod 10 renlal real oolala acllvlllos (seo Inslructlons) 12d Sea Sharoholdor'. Ins~ucllo", . Crodits lelaled 10 olhor renlal actlvllleo (seD Inolruatlono). '20 10' 5(hodulo K.I (Form 112051. 1 3 ~o'edlio I,ee Inslruallonsl. . . . . . . . . . 1 3 .d 14 e Oepreolatlon adjuolmonl on property plaood In servl.. allol 1066 . 140 See ShaJohoIdof. ... b Adjusted goln or loos 14b ] ,.".... ,. ll. . v c Deplellon (clher Ihan 011 and gas). 140 Schedulo K.l (Form . . ~ ~ d (1 ) GlOSS Income Irorn 011, gas. or goolhermal propertlos. dill 11205) snd l'f (2) Deduction. ollooobla 10 011. gas. c, gllclhormnl proporli.. d12' Inslruciloos lor ".. C H . Olhor adluslmenls and I.' croleronce 1I0ms laUnch ,chodu/o) 140 Form 6251 :. FlU Plperwolk Reducllon Atl Nollee, lB' PilO_ I 01 Intl/uellons 10' Form 1120S. 0186 Schedule K.' (Form 1120Sj \992 Form 4562 Depreciation and (Including Informallon on Amortization LIsted Property) 0011 No. 1 r.4fi.0l1~ I1t,lIlIlmtnl 1I111w.l,U.UlY lnl.",aln.venue Relvlte .. al, ..p.r.'1 l,lIlructlons. .. Atllc:h lhl. lorm 10 your '.lUrn. '~~9 2 Al\aof\mllrl\ 1l11!1uerv:.No, 0 1 Idll:llllvlng numblr ~!, 1 Ii 1'/'111'/ lamlt(fl) thown 011 rolllfll .~OI,I':'~i I\JCYCI,E!1, lNC 'ii7leln... or ncllvllv - 10 whloh lhla lorm r.lftll'll' For C;on2.r!!.J fi Corporation ^ct.lvttL ~ Elnctlcn To Exponu Certain Tenglblo Proporly (SoctlC\n 179) (Noto: /I you !Java any 'Us/ad PWpM/Y.. cOfll/J/"'(I Pn,' V 1 1 Ma,lmum dollar limitation 100" Inslruotlono). . 2 Tol.1 00.1 01 ..cllon 179 proporly plaGod In .urvlo" during Ih. ia' yoar (ROO In.truollons) 3 Thr..hold co'1 01 .oollon 1711 11Ioporly boloro roducllon In IImllallon . 4 Aeducllon In Ilmltatlof)--Sublfl\l~l line a Irorn IIno 2, but do not onlor lass than .0. ft DolIRr Hmll:1t1()~.IOf lAX yn~~S(jbtrnr:1 Ilnll 4 from IIno 1, hut do nol onlnr los~ th",n .0. (It) OtHwtlpllon 01 propnrly b Coni Ie) F.lnr.lod CIHII 1 2 3 4 5 10.000. ", ;)7.~' . 200/000. :'0'- . ..!L.J2riotln o . . 7 Uslod proporly-Entor amount /rom Una 2G . 1 0 o Total oloolOd 0001 01 .oclloo 1/11 proporly---AeI" illl1ounl. In column (e), IInoo 6 and 7 6 9 Tenlatlve doductlon--Entur Iho 10650r 01 lino 5 or Uno 0 . \} 10 C.rryovor 01 e11.allowed doduolloo trom 111111 (soo Insl/uollons). 1 0 1 1 T."ablo Ineomo IImllallon-Entor Ih. lonaor 01 la,nhlo In com. or IIno 5 (000 In.lruolion.) 1 1 ____-=!!::.:.-_ t 2 Socllon 1711 ..ponoo doducllon-Add IInoo II on" 10, bul do nol onlor mora lhan IIno 11 . 1 2 ~O-. 1 3 Carryovor 01 "Ionllowod (~lor~..J22l::A"" IInns lIynrl1D.I".o IIno 12 .. UTI O~. Nole: {Jo not tJso Part II or I'att 111 holow for automoullas, corWIn oUm' volllclos, calfular tfJ/ophon6s, camplllONI, Of proporty tI&ocJ for 6ntPrtRlnmor11, rocroatlon, or nmtlSRfHlmt (lIsIod propBHy), InstoRd, usa PMt V far flsled proporly, I:lml:EMACRS Doproclollon For AOBo!B Plocod"!ri' Sorvlco ONLY During Ycur 1992 Tux {oor ..JQ2 Not Includo L1Btod Pro !!!!.YL ~U) Mo. .hd V'. (e) Oflll, lor dapretlMllon 'I) OI.nlUe.lIon of JHO'lll'V IllAced (Ou,ln.lIl/lnvllllm.nl u.. In Mrvltfl onl ItA Inll,ucllonlll ,4 Gonornl OO..E~n S slom ODS SOil Inslrucllons : --..!-~~r.rn ort __~_.~~~.E2!.!Y...___. --E..2:10" proporly ---!!.JO.yoor propo,'y 8 15,yol1r property _-!~~'nporl g Ro.ldonll.' ronlol propofly -.(}-. ",0-, . (.) c",l'''n'~~1 M"hod (01 Oepllcllllon ct.dU1;U<ln -0-. .' .l r:t.1. IIY ;~oonll -0-, 27,5 rs. 27.5 rn, 31.f:. rs. 31.5 rfl. S/L h Nonro.ldonllal roo I p'opurl MM MM MM MM filL fill. SIL 1 5 Altornallvo Oeprnclfltlon . Cia.. III. b 12.yoa, o 40.X!'nr ImIIlII Other Doproclatlon (00 ilol IncludB LIBIBd 12 y'd ~5 40 '"'' MM SIL . "'H ' Proporty) 1 6 GOS .nd ADS dBducllon. lor 0..0" plaoed In oorvleo In ta' yoars boglnnlng bolor. 19112 (soo In8lruetlons) . 17 P,oporlY 8ubJo,,' 10 oo"lIon 160(1)(1) olocllel1 (sou Inslrueilon.) . 1 8 ACnS and nth"r doprnclntlol1 (son In51rur:llo~ . ~ Summary 1 9 L1.,od proporty-Enlur amounl Irom IIno 25 . 1 II 20 Told-Add deductlono on IIno 12.llno. 14 ond 151n column (g). and IIno. '61hrough 111. Entor hero and on Iho opproprlnto IInoo 01 your Tolurn. (Partnorshlp. and S oorpoTallon.....oo Inotruollons 20 J. 1 For nasals shown abovo nnd plncod In sorvlco durIng lho curront yom, enlor lhfl por110n III lhfl h~filg nWlhul"bln 10 snr.tlon 26:IA cont9 (SAO lnfilrucllom~ For P.p.rwo,k n.dUCllllln Acl t~(tlle., ... p..". I nl 'h'" "'p.fllll IntlrlJr-llonl. 16 1 7 , 0 94. 7. /519. 0188 HI" COI,Efn BICYCI,I~S tNe 2~)116~79(1" Pq2 Lilted Property.-Automobllltl, Cerlaln Olhor Vshlcloa, Cellular Telephones, Computors, and Property Ulld tor Entertolnrnent, RecreeHon, or Amu.ement /1 you Dl9 using tho slandard ml/oago ,alo 0' rlorluollng vohlclo loaso oxponss, complols columns (0) Ihlough (c) 01 Socllon A, all 01 Sac 110" EJ. and Soellon C II appllonhlo. Soollon A. Oeprncl_lIon (C_ullon: Sun I"~""otions 10' IImltntions 10' a",omohilos. 2 2 R Do you have wldnneo II) I "thn h\JsIM~Y1"vn5Iml\nI1l'in dnlmod1 V n" No 22 b II .Vns. 19 tho Avlctl1ncn wrllton? ( I' I b I ( C )l1u,ln...1 I d , ( . I ( f I ( a I ( h I lVpI nl JHOp,r1Y lU,\ 0.'. rl.Cfld In Inv"Uf1.nl CO.1 ill Uul, lor t1'IIt.el.llnn n,COYIHY M'lhodl a.pllel.lIon v'hlol.. 1If111 Itrvlc. UI. 0\1l" bull (bu.ln...,lnvulm.nl plrlod Cony.nllon d.ducllon fUHC"'Il"O' Ullt only) 2 3 Pro orl usod morn than 50% In a (tllJflflnd lwsfno!l!l tI!lO 9(10 Instructions: ~lITr.1t (CIl:!) 05/01/97 100,00/" 11, (,flf) , tI,l70. COMPun:R..rRVri^Vf.n OR/1.1/\)2 \00.0 tl/" ~,fiRl. ..0.", COMPllTr.R r.oUtPm~N 'DOlin 100,0 % 01 ~1'1. 01,~)27. 24 Pro 8rl lJsod 50% D! 199s In n 1IR'lffBd bw:lnoss tJsn 509 Instwctlons : ~I, 0 )0111111/11Y )OOI1I1/IlY )OOI1I1/I1Y I, fi4 ~ . ,0,. . ),469, ~, fiR 1 . ~, , 0 ~\ .0 90tJ, % % S/I.- S/I.- S/I.- % 2 5 Add omounl. In column (h). Enlo' Iho 10101 ho,o and on IIno 19. pogo 1 . 2 5 ) '40. 26 Add omounl_ 111 column (I). Eolor Iho 10lnl horo nnd on IIno 7. pngo 1 2 ~ S.ctlon B. Informltlon RIglrdlng Un 01 y.hlol.. - 1/ you doduol oxponoos lor vohle/o.: e A1wlYI compllll thi. SlcUon lor vlhl~1I u.ed by 1101. p'oprlolor, parlno,. 01 othor 'molO lhao 5% ownor.' or ,01,led porIOn. ell you provided v.hlcl.. 10 your .mp~y'OI. fir" _..war tho quosUon.in SooUon C 10 ...11 you ","I'n oxcopUon 10 comploUng 1111. .oollon lor tho.. vohlcls.. 27 Tcl.1 bu.lnlS.nnvlSlmont mllo. drlvo" during lho yoor 100 NOT Ineludo commuting mllos) 2 6 Tolel commuting mllas drlvsn during 1110 y..r 29 Tolal othar porsonal (nonoommutlng) mllo. drlvan, 30 Tclol mlloo drlvan during Iho yaar- Add IIno. 27 Ihrough 29. . . (.) Vahlelo 1 (b) Vohlclo 2 (c) Vohlcla 3 (d) Vahlcla 4 (0) Vahlcla 5 (I) Vahlcl. 6 Y.I No Ve. No Vo. No Val No Voe No Vo. No 3 1 Wa. lhe vehicle avallablo lor peraonal us. during oil-duly hours? . 3 2 W._ Iho vehlclo ulod p,'mnrlly by 0 moro lhan 5% owner or relalad porson? . , 33 I, onolhe, vohlcle avollablo Icr pOIsonaJ usa? . Section C. - Quutlonl for Employorl Who Provldo Vohlcl.. lor Un by Tholr Employe.. (Answor Ihoso quosllons 10 dotormlne /I you moot an oxcoptlon '0 comploilng Soollon EJ. NOlO: Section B muslalway. be comploted lor voNe/es usod by solo proprlolors. paltner.. or othor moro Ihan 5% owner. or lelaled person..) V.. No 3 4 Do ycu malnlaln a wrlll.n pcllcy slalemonl Ihal prohibits all perscnal use cl vohlcles. Including commullng. by your omployees 7 . , . 3 5 Dc you malnlaln a wrlllo" polley slalomor,l that prohlblls pelsonal use 01 vehicles. except commuting, by your employee.? (See InatruoUona for yehlcl.. u.ed by corporate ollleer.. director., or 1"/. or more owner..) . 3 6 Do ycu troal all use 01 vohlclos by amployeas as perscnal use? . . . . 3 7 00 you provide more Ihan f1v. vehicles 10 your employees and relaln the Inlcrmatlon recelued Irom your employoes ccncernlng Iho uso cl lhe vohlcle.? . , . , . 3 8 00 ycu meet the requlremonts concerning qualllled aUlcmobllo demons Ira lien us. (soo Inollucllons)? Noto: /I YOllr answor 10 34 35 36 37 or 38 I. 'Vos.' ou nood nol com lelo Seolloll BID, Ihe covorod vahlcle.. ,1!;':,i@1MM&W1 ImII!D Amortization (0) OosctlpHon 01 cosls Ib) Oalo amorllullon boglns 10) Amolllzablo amounl Id) Codo 8801100 (I) Amortlullol1 '01 this yoar 39 AmortlzAllon of eosin Ihal bo In. durin our jg92 lax oar; 40 AmortizAtion 01 COSl9 Ih.1 bogan boforo 1992. 4 1 TolBI. Enlor hora .nd on 'Olh.r Deductions' or 'Olha, Expan,..' line 01 our relllrn 40 41 Form Depreciation/Amortization Worksheet 4562 For General S Corporation Activity Employor Idonllllcatlon numb.. 25116~7987 1992 Name 01 shown on return COl,E'S BICYCl,ES INC i)';;'ublo,cllck In Ihls box 10 bring up Form 4562 . . , . . . D MACRS Assel Ccnvenllon fer 1092 . . . .liiI. Half Year (HY) D. Mid Quaner (MO) Chock II: 0010 oj Che~k Cosl Dale Pll1ced Bus. lAC 500, Doproclable Olllposlllon If: OeBcrlpllon 01 proper1V 01 Cosl or Oasis uno goods In Sorvlco 179 Exponse basis II eo/ly Listed Aold % 01900811100 Proo. 1 DERK 3R~, 12/0'//91 lnS. -n 2 TEI,f,PIIOtlf,S 720. 01/02197 720. -.0-. 0 3 E'MPlIn~R ICP~I 1\ 6fllJ , 05/01/91 ~ 469. S, no. !XI 4 01,1\ COOF. SC^NNf;R 150. OS/29/91 350. 0-. n 5 COMPIITr.O-F.R YM^ Yf:1l 4 0'1. OOI1~/91 4 fiA1. -,0 !XI 6 T^Pr. "^C!<-lIP f1Y!il'r.M 555. 10/01/91 555. ..0.,. 0 7 PO J t1Tr.1l , ""Alm . 20C), 10/00/91 109. -0... 0 6 COMPlITr.11 r.nlll PMf~t1T 4 S?1 . 12/11/91 4 s:n. CXI 9 0 10 0 1 1 0 12 0 1 3 n 1 4 , 0 16 0 16 0 0 1 7 0 18 0 19 - 0 20 0 0 21 0 0 - 22 23 0 24 0 25 0 28 0 27 0 28 0 29 0 30 If - 31 n 32 0 33 rr 34 0 0 35 0 n 36 0 If - 37 0 0 38 0 n 39 0 0 40 0 n 41 0 Ii 42 0 0 43 0 0 44 n If 46 0 0 46 - 0 0 47 0 Q.- 48 Totals...... .,'.. ...._:...:..:W ~ 0 13. 131. 10,000. 13.111. .......,., 1992 Depreciation/Amortization Worksheet I'orm 45€2 For General. S Corporation ACllivltV Paa.2 DOlaflpllon Dopr.- Anel Oopre. Con- Recovfttv VeRt 01 R.la II'kll V.MI* ftom Page 1 elation Ola81 cia lion venllon Porlod Duple. or UO!llftlil.llfilll IIn Typ. Melhod clallon Tabl. AmllfllulhuI Uop".,I.lIo11 .... (leduo""" 1 DESK M^CR!i 7 lOOnll IIY 7.' I , ~ , 4'10 I, ~I 111\, -, 2 TELEPIIONES MaCRS 5 lOOll1l IIY 5,0 I l(J,onO II , (i 3 COMPUTER ICPJ) MaCRS 5 lOOnll (IY S,n 1 10,000 1 ~iL- _---L..',~ 1:.._ 4 BAR CODE scaNNER MI\CRS 5 lOODn IIY 5,0 1 ')~ " {', - 5 COMPUTE"-rRYMaY~R MaCIIS 5 lOODn IIY 5.0 I 10,oon ,II '- Il 6 TaPE BACK-UP SYSTEM H^CRfl 5 ?ooon IIY ~" 0 1 lO,oon II Il -- 7 P"INT~" , ST^ND HaC"s 5 200rm IIY ~J, 0_ 1 )O,OUO Il .n - 6 CCMPUTER ~OUJPMf.NT MaCRS 5 200nB IIY !I,n I }O,ono 'H) 'I , -..--- 9 1 0 - -- 11 1 2 1 3 1 4 15 16 -- 1 7 - -- 1 6 - 19 - 20 21 22 23 24 - - 25 26 - 27 26 29 30 31 32 33 34 35 - 36 .-- 37 38 39 40 .- 41 - 42 43 - - 44 - 45 46 47 -- 48 Totals. . . . . . . . . . . . . . . . . . ~WW~~.,;>).-,:.: 1'("" l, ._:, 'I, ' i .., 'i I (,1')'1, 1 riO. Ooduollon Includod In cosl of goods Bold. . . . , . . . . . . I -, , . '. . CAP STK TAX WSHT - 92 e F G H 1 - --' - 2 3 WORKINGDATA TOTAL NET ON'STOCK 4 BOOK lNca.1e- WORTH TAX 5 6 DATA SeT 1 . 2..J!1...1 _---114 71 5 130 7 DATA SET 2 . 3....Q..0 4 174 585 128 8 i)ATA seT 3 .3,000 174 589 126 - 9 DATA seT L -3 000 174589 126 1 0 DATA seT 5 .3 000 174.589 128 ...1..L -' 1 2 1 3 1 4 - ..- 1 5 1 8 1 7 1 8 1 9 - 20 21 2 2 23 . I Page 2 r-Y1Y 3" '97 0eI53A~1 CABOT ~IONE'" f'f'IGNNT 500-'?4,j-3HJ9 P.'? CABOT MONEY MANAGEl'dENT, INC. PORTFOUO~!lAL aalen S. Cola 3418.3004 'if · tolllboa colobe May:l!l, 1m Unit Tolal Marlcet Pet. Cur, ~uantltv securiW Cost Coat Price Value Alle"- YIeld COMMON' STOCK 22.5.0 Allv Micro DllV 44.09 9,921 39,87 8,972 1.8 0,0 130,0 Aacend Camm, 1$.56 2,023 $6,62 7,361 1.4 0.0 3.0 DOl''' Hath CI B 1,137,33 3,412 1.419,00 4.257 0.8 0.0 1M BrlllJh l.'ctml 139.% 2,099 144,50 2,167 0.4 1.1. 2M CIsco SywICIlllI 33.$3 838 66." 1,669 0,) 0,0 45,0 Cllt'f's DrillIni 54,10 1..435 69,62 3,133 M 0.0 50,0 Coca Cola 50.51. 2,526 67,$0 3,375 0,7 0.7 166.0 CorrectloM Corp. 18.37 3,049 36,50 6.o.~9 1.2 0.0 460.0 Cym.er 54,32 2.4,988 53.50 24,610 4,8 0,0 80.0 Dell Computer 90,26 7,221 110.37 8,&30 1.7 0,0 45.0 GIllcllc 74.00 3,3~ 87,75 3,949 0,8 0,8 869.0 Iomega Corp, 3.96 3,441 17.50 15.2.07 3,0 0.0 5$,0 Lucent TechnologlOll 5$.50 3,0$2 63.50 3,492 0,7 0,0 440.0 Maverick Tube 29.82 13.121 ~,OO 13,200 2,ti 0.0 120.0 Ml:Afee Auoc 61.37 7,364 65,00 7.800 1.5 0.0 2$,0 Mlcroaofl 62.33 1,558 125,87 3.147 0.6 0.0 1,734.0 P lClllstc:t Ine.. 23.83 41,319 73.50 127,449 2$,0 0,0 50.0 Tredegar Indlll tries 41.12 2,056 52. 7S 2,637 0,5 0,0 1,186.0 Vltelse Semi. Co. 2$,33 30,045 37,00 43,882 8.6 0,0 1,260,0 Zoltek 36.47 43.1l51 31.12 39.217 ...-1:1 --.!!:Q 209,751 330,415 64.8 0.0 MUTllAL FUNDS 328,564 GulnCSl FI Alia Sm 14,97 4,920 16.39 5,385 1,1 0.0 Cap 2,282.667 Oa\anark Internatl 1$,02 34.285 11,$3 40,700 8,0 0,0 1,043.548 Oakmark Small Cop 13.45 14.036 16.57 17,292. 3.4 0,0 1,419,749 Ryd"" OTe FIlnd 20.85 29.600 22.07 - 31~134 ~ --.!!:Q 82.841 94.711 18.6 0.0 CABH & EQUIVALENTS Money Market Cash 85.136 8$,1!16 ~ .....1:!! 85,136 85,136 16,7 4.9 1 05/30/97 08:59 TX/RX NO. 2307 P.007 . MAY S0 "iff 081S4AM CABOT ~1ONEi' MNGI'fN r 500-','44-3103 p,e . j . CABOT MONJl:Y MANAGEMENT, JNe, POR'l'FOLlO Al'l'RAISAL II4lIm S. Cole 24lB.3004 " . oomboa oolelte Ma, 211, 1'" Unit TOlal MatlCclt PeL CUr, QuallUlY BeoUrlIY Colt eost Price Value Aaslltt Yield i~_~jl'\t1,Utlt~'W.l.{\\~t\~I~,\ti:ll\\W\l.~l~;il:i,'llli~&nr~il."l\tm:tlMn\lil)II:~Wt4im.i\4M:4~~"rl~~rr._!t~~llMl:U~II'; 05/30/97 08:59 TX/RX NO. 2307 P.OOB . , ~_..-~. -.,.- '... ~..,-, " ';0, FAHNESTOCK BSTA.IJLISHBD 1881 Fahnesrack & Ca. Inc. 1015 Mumma Road Wormleysburg, PA 17043 (7J 7) 763-8200 (800) 722.2294 (717) 763.1765 FAX Member:s 0/ All Principal Exchanges Jt.lly 81 1997 Christopher C. Houston 52 West Pomfret street Carlisler PA 17013 RE: Estate of Helen S. Cole Deoeased 5-29-97 Dear Mr. Houston, Please find listed below the date of death valuations fo.r Mrs. Cole's accounts as of 5-29-97: A87-0970439 Helen S. Cole IRA Opened 3-9-94 135 shares AT&T 36 3/8 $4r:910.63 43 shares Lucent Technologies 63 1/2 $2,730.50 1,158.79 Fahnestock Prime Cash 1.00 $1,158.79 350 Van Kampen Amer Cap 12.28 $4,298.00 Uni.t strategic TEln Dow no 350 Van Kampen strategic 11.45 $4,007.50 Ten Hong Kong #10 350 Van Kampen Amer Cap 12.04 $4,214.00 strategic Five Ser 4 , il ii 1\09-0011816 Helen S. Cole Opened 11-2~94 4.73 Fahnestock prime Cash 1.00 $ 4.73 If you need any further information, please don't hesitate to oall me. S',f}olY' f~ . patrick K. Myers Vice President Pl<M/lo cc: Leonard Cole . r~Y 30 '97 0S152AM CABOT MONEi' ~"GMNT 500-',',M"3109 , .. CABOT MONEY MAN'AGKMENT, INC. PORTFOLIO APPRAISAL Hili... 8, Cola 1lL\ Ul.Ro3OO2 " · combo<: colah May 2.9, 1997 Unit Total .. .QuantiW SeOll!itv Coat Cost Price COMMON STOCK 5.0 Berk Hath C1 B 1,131,30 5,656 1,419,00 40,0 BOlling 104.50 4,180 105.37 40.0 British Petrol 141.19 5,647 144.50 35,0 ClIoo Sy,tcm.l 33,53 1,174 66,75 70.0 Coca Cola 50.41 3,529 67..50 45.0 GlUette 73,33 3,300 87.75 2$.0 Intel. Corp 81.92 2,048 163.77 75,0 Lucent Teollnologtlll 5S,2B 4,146 63,50 35,0 Mlcroso1't 62.33 2,181 125,87 250.0 PmI'lClk !no. 2&61 7,153 73,50 60.0 Saf1eway Inc 46.46 2,787 44,25 70,0 Tre<lepr ItlQUllrlOl 41,01 2,810 S'l.15 35.0 Unlte4 TIICh 79.32 2.776 81.00 47,449 MUTUAL FUNDS 488.254 Northeast Inv, Tr, 11.40 5,56S 11,22 311,429 Oakmark Internatl 17,50 5.450 17,83 11,015 CASH A EQmvAl.ENTS Money MarkAlt Cash 14,182 14,182 P. ,~ Marlalt Value POI, Cur. .6IWl I!9l! 7,095 7,5 0,0 4,215 4,5 1.1 5,780 6.1 1.2 2,336 2.5 0,0 4,725 5.0 0.7 3,949 4.2 0.8 4,094 4.3 0.1 4,762 5.1 0.0 4,406 4.7 0.0 Ul,375 19,5 0.0 2,655 2.8 0,0 3,m 3.9 0,0 2~5 -1& -M 68,920 73.2 0.3 5,478 5.8 8.8 S,553 ~ ...Jl:.Q 11,031 11,7 4.4 14,182 --!ll ~ 14,182 15.1 4.9 _~.It.fl'_"__j'\!"\!I'!,IA~r!'l'I~*ll'l.\f,f,P:~'I'I'tH"~IhH'I"""1"'IIhGl!)lJ_llUIl!rl!m~!rj".I~~'~:~\''!!llI!1Iltl'!l>>lumlAl~~lilw.:wmlli;l.;l!1~ ~~~'l\W_\I!l'l_lll\ .in:oo,~.I"'II""~\M'1 M'I'l1l \I'@,~."m~~IIWI'. ""'ijl\_ ~mj~1iIl\~~hl',Iil/\~'/~'Iillm.'J/II.lmiol.!/~Il-.w;:~I.J;lO'!I'i1 05/30/97 08:59 TX/RX NO,2307 P,004 . NA\' 313 '9'<" es I 52A~1 CABO r ~10NL:\' r'tjGr'lN I ~:"'fJ ,',',101, J1OS' "',e " CABOT MONRY M4N4nFMKNT, JNC, PORTFOUO APPRAISAl. Ullln !ii, Cole lJlA IlKP :w 11103006 II · .....mboc collb..p May ~l/, 1m UIllI Tolal Markel Pet, CUr. QllantllY Scourlrv COli eosl Prlce> __yahlo ~ ~ COMMON' STOCK: 4,0 Berk Halh CI B 1,134,50 4,5311 1,419.00 $,676 6,7 a.a 40,0 Doeing 104.50 4,180 105,37 4,215 5,0 1.1 35.0 Brillsh Petl'lll 141.34 4,947 144,50 S,OS7 6.0 1.2 30.0 CMco Syllems 33.53 1,006 66,75 2.002 2.4 0.0 65,0 Coca Cola 50.43 3,278 67,50 4,387 5,2 0.7 40.0 GUlelle "/3.20 2,928 87,75 3,510 4.2 0,8 20.0 Intel Corp 81.92 1,638 163,77 3,275 3,9 0.1 70.0 Luoent Tclohnoloaie.s 55.34 3,874 63,50 4,445 5,3 0.0 32.0 Mlcroson 62..33 1.!l95 125,87 4,028 4.8 0.0 230,0 PreII1ek Ine. 29.19 6,714 73..'l0 16,905 20.1 0.0 55,0 Sateway Inc 46,49 2,557 44.25 2,434 2.9 0.0 60.0 I'redegor Ind\l8tM 41.05 2.463 52. 7S 3,lCiS 3,8 0,0 30.0 t7llilo<l Tech 79,42 2.382 81,00 2,430 -M -.!!:.Q 42,501 61,531 73,0 0.3 MUTUAL FUNDS 434.303 Northeast Inv. Tr. 11.40 4,952 11,22 4,873 5.8 8,8 277.143 Oakmark Internatl 17.50 4.850 17,83 4.941 ~ -..Q& -- 9,802 9,814 11.6 4.4 CASH" EQUIVALENTS MOlloy Markel CUll 12.936 1;936 ~ ..--i!! 12,936 12,936 15,3 4.9 ;r'~ttl.AJto"""'~~""'j1",j;:l\~ff,'lj.j.~il~I:".I;iil..l/i~1_,I<<Mpl"W"l !.!"~illJ\I"j~".il;'A1i!~tSi{lalill'IM!iQ;<lll.ljWli~'~"IOl~iWSll;~W.M''''i'n,~ ,,.. .",*,lIJ_:_ll!~,,~\~.II,",! ,",I. !!,...€.!'f"!'<1!];llm,,II'''tl.!1'1Ir~ ill'I~,,_I~'.l~l'n<l:lIll\\m~!fi!fIiI/llNllifl~~\_'~f_Il)l))\lh...<t\J 05/30/97 08:59 TX/RX NO.2307 P,002 . .' :. lU1.1 I, HBLEN SMYBRS COLB, of Carlhlor: Cumberland County, Pennsylvaniar deolare this to be my last will and revoke any will previously made by me. ITIMONII I dire.ot that all my debts and funeral expensesr: inoluding my gravemarker shall be paid from my residuary estate as 900n AS praotioable after. my deoe4se as a part of the expense of the administration of 10Y llstat.o. ITEM TWO. I give, devise and bequeath my personal and household effeots to my husband, LEONARD CHARLES COLE. If my husband does not survive mer: then I give, devise and bequeath all of my personal and household effects to my children, LINDA LOU COLE GOLDINGERr CINDA SUE COLE SHANNON, and LEONARD MICHAEL COLE, equally r: per st.i.rpes. I'rEMTHREE: I give, devise and bequeath my Cole's Blayclesr InCl. shares of stook to my childrenr: CINDA SUE COLE SHANNDN and LEDNARD MICHAEL CDLEr: equally, per stirpes. ITEM FOUR, I give, devise and bequeath TEN THOUSAND DOLLARS ($10,000.00) in cash to my daughter, LINDA LOU COLE GDLDINGER and her husband, LESLEY GOLDINGER, share and share alike, per capita; TEN THDUSAND DOLLARS ($lOrOOO.OO) in cash to my daughter, CINDA SUE COLE SHANNON and her husbandr: KEVIN SHANNON, ohare and share alike, per capital; and TEN THOUSAND DOLLARS ($10,000.00) to my son, LEONARD MICHAEL COLE and his wife, JACKIE L. COLE, share and share aliker per capita. ITEM FIVE. I give, devise and bequeath all the rest of my assets to be divided between my husband and the truat descd.bed below and refer:r.ed to in this Will as the Helen Smyers Cole Trust r: as follows: A. I give, devise and bequeath to my husband, LEONARD CHARLES COLE, an amount equal in value to (i) the unlimited federal est.ate tax marital deduction allowable to my estate minus (ii) the value for federal estate tax purposes of all items in my gross estate which qualify for the deduction and which pasa or have passed from me to my wife in a form qualifying for the deduction otherwise than under thi3 gift, In maklng the computations necessary to determine the amollnt of this gift, values as fi.nally determined for federal estate tax purposes shall be used. 'fhis gift shall be reduced by the amount, if any, needed to increase my taxable estate to the largest amount that will result in no federal estate talC being payable by my estate, a,fter allowing for the unified credit against the federal estate tax but no other credit. It is my intent that the bequest under this ITEM FOUR A, shall qualify for the marital deduction for federal estate tax purposes, and that the provisions of this will relating to the marital deduction shall comply with Section 2056 of the Internal Revenue Code. Neither my Executor nor the Trustee shall take any aotion or have any power that will impair the marital deductionr: and all provisions of this will regarding the marital bequestr: shall be interpreted to oonform to that objective. B. I give all of the remainder of my eatater: includlng any of the above gifts that lapse ("my residuary estate") I ~sc. PAGE ONE OF SEVEN PAGES :. ,,," ",. d "','", .....A .'''''' .......,,,,,,.,.' 1. If my huaband, LEONARD CHARLES COLE, sunives me, to the Trustee of the Helen Smyers Cole Trust. 2. If my husband, LEONARD C~mRLES COLE, predeceases me or is not then living on the 61st day after my death, then I give, devise and bequeath my residuary estate to my children, LINDA LDU COllE GDLlUNGER, CINDA SUE CDLE SIUlNNONr: and LEONARD MICHAEL COLEr equallYr: per stirpes. 3. The gift to the Trustee of the Helen SmY3rs Cole Trust shall constitute the trust estate of the trust for the exclusive benefit of my huaband. a. During my husband's lifetime, the Trustee shall distribute all of the net income of the trust to my husband in monthly or in other convenient installments, but in no event less often than annually. In additionr the Trustee at any time and from time to time may distribute to my husband or apply for his benofit so much or all of the trust estate aSr: in the Trustee's discretion, is sufficient to provide for my husband's need for health, support and maintenance in the standard of living to which he was accustomed at my deathr: taking into consideration any other sources of support (both principal and income) which my husband may have to the knowledge of the Trustee. b. The trust shall termlnate when my husband has died. Upon terminationr the trust estate shall be distributed to my childrenr LINDA LDU COLE GOLDINGERr: CINDA SUE COLE SHANNON, and LEONARD MICHAEL COl,E, equally, per stirpes. 4. Any portion of my reslduary estate which would be distributable to a beneficiary who is under age 25 shall be distributed to the Trustee of a Contingent Trust. Each beneficiary'S portion so distributed shall be held and administrated as a separate trust for that beneficiary. a. The Trustee may distribute to the beneficiary, from time to time, so much or all of the trust estate as, in the Trustee's di.scretionr: is in the beneficiary's best interest. b. 'l'he trust shall terminate when the beneficiary becomes age 25 or dies before that age. Upon termination, the trust estate shall be distributed I (1) To the beneficiary. (2) If the beneficiary is not then livingr: to such one or more persona or corporations, inoluding the beneficiary's estate r: as the beneficiary appoints by a Will in which he speoifically refers to this powor of appointment. If or to the extent that the beneficiary does not effeotively exercise his power of appointment, the trust estate shall be dlBtributadl ~ PAGE TWO OF SEVEN PAGES ' , .6 '.. ." ,. ,- .t. .,..,_...,.........__...'_._____...__......... ,..___ 1'1 (a) To the benefioiary'$ desoendants. o. Notwithstanding the foregoing, no trust shall continue for a period longer than 21 years after the death of the laat to die of my husband and all of my desoendants who were living at my death. Any trust still in force at that time shall terminater: and the trust estate ehall he distributed to the benefioiary. S. No beneficiary ehall have the power to appoint or to antioipate, encumber or tranafer hie intereat in any trust estate in any manner other than by the vali.d exercise of the power of appointment. No part of any trust estate shall be liable for or charged ~,ith any debts, contractsr liabilities or torts of a beneficiary subject to seizure or other process by any creditor of the beneficiary. 6. ~ar!tal Deduction Gift. The Executor may satisfy the marital deductlon gift by making distributions of cash or in kind, or by making distributions partly of cash and partly in kind. In making distributiolls in kind, asset.s are to be valued at their date of distribution value. In no event shall the gift be satisfied with t.he property or t.he proceeds of property wHh respect to which the federal estate tax marital deductioll would not be allowable if the property or the proceeds thereof \~ere 110 used, and the amount of the marital deduction gift shall be reduced to the extent that it cannot be satisfied with property that qualifiee for the deduction. It is my intention that any assete in the Helen Smyers Cole Trust shall not qualify for the federal eetate tax marltal deduction. To this end my Executor ehall not elect under Internal Revenue Code Beution 2056(b)(7) or any oomparable section in effect at my death for the assets in the Helen Smyers Cole Trust to qualify for the federal estate tax marital deduction. 7. Distributions Du~inq Administration. Prior to final distribution of my eetate (which shall not be unreasonably postponed by the Executor), the Executor in his discretion may make partial distributions to one or more beneficiaries or trust[l. Aa l\ consequence, the executorship and any trust created under the Will may exist contemporaneously. A distribution may be made subject to any indebtedness or liability of my estate. 8. Distributions to or for Benefioiaries. During the term of a trustr the Trustee may make any distribution from the trust (i) to the beneficiary, (iil to a person furnishing support, maintenance or education for the beneficiary or with whom the beneficiary i.e residing or the beneficiary I EI use, or (.iii) to a cuetodian for a minor beneflciarYr: ae selected by the Trustee, undel" the Uniform Gifts to Minors Act of B.ny state. A1 ternatJ.vely, the Trustee may apply the distribution for the beneficiary's benefit. If any beneficiary of the gift of personal and household effects is under a legal disability, the Executor may follow any of the above methods in making distribution of that beneficiary's share of the gift. The Exeoutor may -1:l.S C. PAGE THREE OF SEVEN PAGES ;. , "1<"'&-"" '......~I"'....'._. ~ .._--------~ ~-_.....,._- --1' also sell 11.11 or part of such benefioiary' s share of personal and household effeots and then follow any of the above methods in making distribution of the sale proceeds. Any distribution under this discharge of the Executor thereto. paragraph shall be a tull or Trustee with respect ITIM SIX I estate. appoint rights, I appoint my husband, LEONARD CHARLES COLE, Exeoutor of my Should he fail to qualify or cease to net as Executor, I FARMERS TRUS'l' COMPANY, to act as Executor with the S8lne powers and duti.es. ITIM SEVENt r appoint my hUflbllnd, LEONARD CHARLES COLE, as Trustee of the Helen Smyers Cole 'l'rust. If my husband r: LEONARD CHARLES CDLEr: is unable or unwilling to aot or to continue to aot as the Trusteer: then I appoint FARMERS TRUST COMPANY, as the Trustee with the same powers, rights, diacretlons, obligations r: and inununities. I appoint FARMERS TRUST COMPANY as Trustee of any Contingent Trust. ITEM EIGHT I All estate, inheritanoe, succession and other taxesr: imposed or payable by reason of my death, and interest and penal ti.es thereon r with respect. to all property comprisi.ng my gross estate for tax purposes, whether or not such property passes under this will, shall be paid out. of t.he pdncipal of my residuary estate, without apportionment or right of reimbursement. ITEM NINE I I direct that my personal representative or any trustee shall not be required to give bond for the faithful performance of their duties in any jurisdiction. ITEM TEN : A. The Trustee shall not be required to obtain authority or approval of any court in the exercise of any power permitted under this instrument. The Trustee shall not be required to file accountings with any court. B. No person dealing with the Trustee shall be obligated to inquire into the Trustee's power or authodty or into the vaHdity of any act of the Trustee, or be liable for the application of any money paid to the Trustee in the management of the trust funds. c. Any trust created hereunder which has the aggregate principal value of $10,000 or lese may, but need not be r: terminated in the discretion of the Trustee. In such event.r the Trustee shall distribute the assete thereof in his possession to the then-current beneficiary or beneficiaries of the income andr if more than one beneficiary i.s so entitled, in the proportions in which they are beneficiaries. ITEM ELEVEN: In addition to any power" given by law or othet'Wise, and not by way of limitation of any such powers r: my Executor and Trustee are authorized Ilnd empoweredr: at anytime and from tims to time, in their absolute discretion: A. To hold and retai.n all or any propsrty received from my estate or any other source, without regard to any law or rule of court ooncerning diversifioation, riakr or non-productivity. .JLs.rJ- PAGE FOUR OF SEVEN PAGES ~ ." ,. '~,.. ..,' t _. '''~''_-'''' ,__ ..______..-......"-r r....._ B. To invelt and reinvest (or leavo temporarily uninvested) any funds in any propertYr real or personal, of any kind or naturer including, without li.mit.ation, stooke (whether OOl1U1lon, preferredr: or otherwise), bonds (selJured or unseoured) r obligations r: mortgagesr: other seouritiesr and interests in any of the foregoing without regard to any law or rule of oourt prescribing or restrioting inveBtments for fiduciaries. C. To make any 10l1no, either oBcured or unseouredr in Buch amountsr: upon such termo, at such rateR of intereBtr: and to such persono, firms, or corporationo, ao deemed aclvi.oable. D. To sell, exchange, partition, or otherwise dispose of any property, real or personalr at public or private sale, for such purposes and upon such terms, ino luding options and sales or oreditr with or without security. E. To mortgage any real property in such amount and on such terms as deemed advisablel to lease any such property for Buch term or terms, upon such 110ndi.tions and rent.als r and in such manner as deemed advisable, irreopective of whether the term of any lease shall exceed the ped.od permitted by law or the probable period of any trust created hereby, and to renew or modify any such leasvs! and to make repa!.:t:s, replacements, and improvements r: structural or otherwiae, of any Buch property r and to charge the expense therec)f in any equitable manner to principal or incomer as deemed proper. F. To borrow money for any purpose i.n connect.i.on with the administration of my estate or any trust created hereby! to execute promissory notes or other obligations for amounts so borrowed, and to secure the payment of any amounts so borrowed by mortgage or pledge of any real or personal property. G. To renewal' extend the time of payment of any obli.gati.on, secured or unsecured, payable to or by the <astate of any trust created hereby for as long a period or pe:dods of time and on such term as deemed advisable! and to adjust, settle, compromise, and arbitrate claims or demands upon such terms as deemed advisable. H. In respect of any stock or othor securities formi.ng part of my estate or any trust creat.ed hereby, to vote upon any propos.i tion or election of any meet.ing /lnd to grant. proxies r: discretionary or otherwiser to vote at any such meeting! to join in or become a party to any reorgan:lzat.i.onr readjustmentr merger, voting trustr: consolidation, or exchanger and to deposit any such aecud.ties with any conunittee, deposito!:'y, truotee, or otherwise, /lnd tc payout any fees, expenses, and assessments incurred in connection therewith, and to charge the same to pri.ncipal or income as deemed propeI.! to exercise conve.rsion, subscri.ption, or other rights, or to sell or abandon such rights r and to receive and hold any new securities issued as a result. of any such reorganization, readjustment, merger, voting trust, consolidation, exchange, or exercise of convereion, subscription, or other rights! and, generally, to take all action in respect to any such securitieB as could be dono by an absolute owner. I. Whenever required or permitted, to divide or distribute any property, and to make such division or distribution i.n kind or in money, or in part kind and in part money and without regard to the income tax basis of any such property. J. To allocate receipts, disburaementsr: and 109ses to principal or to inoome, in accordanoe with generally acoepted accounting principals. JI S C. PAGE FIVE OF SEVEN PAGES , . ~ ,..............,....'..".. ",,', ",. ."...._1..'......I"'_'h~......."".- ~ ~ ~ ~ . .-~, .....- - K. In ccnnection with making investments, to determine whether to amortize premiumB in whole or in part. L. To hold and administer the truete oreated hereby in one or more consolidated funde, in whole or in partr: in which the Depa~ate trusts shall have undivided interests. M. To engage attorneys, aocountants, agentsr: custodians, clerksr: investment counsel, and ouch other per SOilS as deemed advJ.oabler: to make such payments therefor as deemed reasonable, and to charge the expense the::'Bof to income Dr pd.llcipal aa equitably determined, and to delegate to suoh persona any disoretion deemed proper. N. To exercise 1\11 power.' and authority, including any diBcretion, conferred in this inBtrumentr with respect to all acoumulations of income under this instrument and with respect to all property held under a power in trust. O. To exercise all power and authority, including any discr.'etion, conferred in this instrument after the termination of any trust created herein and until the same is fully distributed. IN WIT~ESS WHEREOF, I have hereunto set my hand this ~ day of U~ ' 1997. SIGNED-Y" &D^,\ ..9.-, ~ ~..I.L.1U> C~" HELEN SMYERS CDLE~ The preceding instrumentr: consisting of this and six other typewritten pages each identified by the signature of the Testatrix was on the day and date thereof signed, published and declared by the Testatrix therein named as and for her last will, in the presence of us, who at her request, in her presenoe and in the presenoe of each other have subscrib our names. 0/. Il{~-~l COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND ("'...;~ flJ~"''' (, HCJU) ~- witnesses whose names are signed to the attached or foregoing instrument being duly qualified acoording to law, do depose and say that we were present and saw the Testatrix sign and execute the instrument as her last will; that she signed willingly and executed it as her free and voluntary act for the purposes therein expressed; that each of UB in the hearing and sight of the Testatrix signed the will 8S witnesses; and that to the best of. our knowledge, the Testatrix was at tho time 18 or more years of ager of Bound mind and under no constrain r undue influence. ~ I I I ss and $~(eIlIU' L MU(~fHf ~ c1.~~ , PAGE SIX OF SEVEN PAGES COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE , I ( 'I(/IJ . ) " 'J" ~~_:.J BUMEAU OF INOIVIDUAL AMES INtlERIUNCf; fAll otVlS!OH OEPT, Z&060t HARIHSllURO, p~ l1U~".06Dl NOTICE OF INHERllANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT or TAM 03-16-98 COLE 05 - 29 - 97 21 97-0491 CUMBERl.AND 101 [~.~_~-~~::_ R.~~ ~:~- _ ] MAKE CHECK PAYABLE AND REMIT PAYMENT TOI REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 CUT ALONG THIS LINE .. RETAIN LOWER PORTION FOR YOUR RECORDS ~ REV: Hil.i '.Eif - AFii- i ilF 97T - iielT" i CE - OF - "fNHEiii T ANc E - fAX - iipp~ii i sEM"E'iii' -; -A i.l oiiANc E - OR - - - - - - -- - - - - - - - -- DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX HELEN S f'IL.E NO. 21 97-0491 ACN 101 DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN CHRISTDPHERcC HOUSTON ESQ 52 W POMFRET ST CA.ftl'I S L E :f'.A 17013 ,.) (.'i ESTATE OF COLE TA~ RETURN WAS I I ACCEPTED AS FILED RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE -- APPRAISED VALUE OF RETURN BASED ON, ORIGINAL RETURN 1. Rmal Est.t. (Schedule A) 2. Stooke and Bonda ~Sch.dul. 8) 3. Clo~.ly Held stock/Partnership Int.rast (Schedule C) 4. Harig.gaG/Not.. Rec.lvabl_ (Schedule OJ S. C.sh/Bank Depoaits/Hise, Personal Property lSchedula E) 6. Jointly Owned Property (Schedule F) 7. Transfers (Sohedule G) 8. Total Au.t. NOTE: RECEIPT NUMBER AA211677 AA242513 DISCOUNT It I INTEREST/PEN PAID 1-) 200.06- .00 US) (6) 1171 c_ '* uw.n~' U ll' lOi.Hl HEl.EN S I X) CHANOED SEE ATTACHED NOTICE DATE 03-16-98 (1) (2) (3) (4) IS) (6) 17l .00 425,124.00 12,490.00 .00 173.489.77. .00 217 ,873.42 (8) APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Exp.ns../AdM. C05ts/Hisc. Expansa. ISchedule H) 10. Dabtl/Hortgaga Liabilities/liens (Sch.dul. I) 11. Tot.l Oaduction. 12. Nat V.lue of rex R.turn 13. Charibbla/Gov.rnMBnhl a_quasts; Non-.l.cbd 9113 Trusts (Schedule J) 14. N.t Value of estate Subject to lax If an assessmont was issued proviouslY, linos 14, 15 and/or 16, 17 ana 18 will reflect figuros that include the total of abh returns assossed to dato. ASSESSMENT OF TAX: 15. Anount of line 14 at Spous~l rat. J.6. AMount of Una 14 taxable at Line.I/Cla.. A rat. 17. AMount of lina 14 tMxabla at Collateral/CIa.. Brat. 18. Principal Tax DUB TAX CREDITS: PAYMENT OATE 08-26-91 12-04-97 19) UO) 21,807.51 18.244.40 Ill) (12) (15) (4) 199,732. (,2 53,631.00 7,000.00 X .00. X .06= M .15= (8) AMOUNT PAID 3-;800-: 00 267.86 TOTAL TAX CREDIT ---. BALANCE OF TAX DUE INTEREST AND PEN, TOTAL DUE NOTE: To insure propar oradi t to )lOUI" account, sub.it the uppal" porHon of this forM with your hx PB)I",.nt. 828,977.19 40.n~1 91 788,925.28 528,561.86 260,363.42 .00 3,217.86 1,050.00 4,26'1.86 4,267.86 ,00 .00 .00 . IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. IF TDTAL DUE IS LESS THAN II, NO PAYMENT IS REqUIRED. IF TOTAL DUE IS REFLECTED AS A "CREfin" ICR), YOU MAY BE DUE ^ REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.l RESERVATION, E.t.t.. of 0I0.dent. dYint on or befar. o.o.lbar 12, 1"2 .~ if Iny futur. Int.r..t In tht ..t.t. i. tren.f.rred In po.....loo Dr ."jOYHnt to Cl... I (OOU.tl,.l) blMflcltrl11 of thl ,,"edent .fhr thtt Ilt'PJr.Uon of tnV ..t.t. for Ilf. or for Y"", thl CottOnW..lth herlbv .ltpr...lv r...ry.. the right to tppr,I.. Ind ...... transf.r Inherltlnc, TIM" It the llwful CI,.. . (col1,t'r.l) rlt. on any 1UGh futur. Int.r..t. PlMPOSE Of' MOneE I PAVt1ENT, REFUND (CR), OIJEC.T IONS I ADHIH ISTRATIVE CORRECTlONSl DISCOUNTl PENAL TVI IHTfRESTI To fulfill thl requlr...nt. of Stctlon 2140 of \hi IMlrAtlnc. tnd E.t,tel Tax Aot, Aot 21 of 1995, (72 P.I. S~tlon 9140), P.tacn th. top portion of thlb NQtlc. and .ub,lt with ~our Ply..nt to thl R.gi.ter of Will. prlnt.d on th. r.v.r.. .Id.. --Hekti chick or 10nlY arcltr Plyabl. to 1 REGISTER OF HILLS, AGENT A r.fund of II tax oredlt, which WII not requ..ttd on the Ta)( R.turn, .ay b. r.qullted by oOIlPI.Ung en .'.Ppl1cIUon for R,fund of Pann'Vlvanl. Inhtr1tanc. .nd E.tatl Tlue" (REV~UlS)' ."pUcaUon. II"I Ivallabll It the Offlol of thl Rlgl.tlr of Willi, any of t~ 25 R'''lnue OI.trlGt Offlc.., or by cllllng thl ,plolal 24-hour In.Wlrlng 'Irviol ~r. for for., or~rlngl In Penn.vlvanl. 1~'OO~S62-2050, out.ldl Penn,yivanl, and within locII Htrrl.burg ar.. (117) 781-1094, TDDI (117) 71Z-Z2SZ (Hllring I~a!r.d Only). Anv party In intlr..t Clot ..thfted with thl 8PPrth...nt, .Ilowanc. or dh.Uow.nc. a' d.dUcUonl, or ........nt of tlX (Including dhcomt or Intlr..t) .. tho"", on thh Notlc. IIU'~ objlot within .lllty (60) dlv, of tlclipt 0' this ""tlc. bYI M~wrltt." prat..t to the PA Oapert..nt of Rlv.m., IolIrd of APPllh, Dept, 281021, H.rrhbt.u'g, PA --Ilectinn to hI..,. th. .lItt,r hahr.ln.d at audit of thl account of thl Plt.onll rtpr".nhtlv., -~app.al to thl a. lhan" Court, 11lZ'~IOZ1 , OR OR FectuQ1 .rror. discovered on thh a.......nt 'hoUld be addl'....d In wd tlng tal PA O.p.rt..nt of Rlvlnue, lurttu of tndlvldurl1 TIIIIII, AHN\ Po,t Aueanant Rtvlaw Unit, D.pt. 280601, Harrhburg, PA 17t2IM0601 Phonl (111) 7'7.650~. s.. p~aa S of the book lIt "Inltructlon. for Inh.rltlno. TIIM R.turn for. RI.ld."t OM,""t" (RE\lMI50lJ for an uphnlltlon of adlllnhtrltiv.h/ ~orrectabll Irrar., If anv tlM dul it Pllld ",lthtn thr.. (]) oal.ndar ~ttll after the d,cldlnt's denth, . flvlI plrcent CS:O dhcount 0' the taM p"d lit allow.d. The ISX tlM MnI.ty non-partlolJ'laOoo panalty 11 cHPutod on thl tat.l of thl tlM and Int.rut UUII.d, end not peld b.fort January 18, 1996, VII flrtt dl)l after tll. un<! of the \l!I1I aanuty period. Thh nonMpartlclplUon p.nalty h app..llbl. In tha III.' .anner and In tMl tho .... ti.. per Iud In vou would apPIIII tha t.M and Int.r..t that hll' b..n al.....d II' IndJclltud on this not'oll. Int.r..t Is chlrg.d blltlnnlna with flr.t day of dtlJnquancy, or nlntl (9) lIonth. and an. (1) dav frOll thl dot. 0' d."th, to thl datI of pIYHnt, TIUI which bee... ctIllnqu.nt b.fore JII",Jltry I, 1982 b..r Int.r..t It thl rnte of ,1M (6X) p.ro.nt p.r ~u. calculatad at a dally rata of .000164, All taM" which baoa.. d.llnquent on and aft.r January 1, 198Z 101111 ba.r Int.r.,t at a rat. which will ~Bry fro. cIllndar v.er to callndar VI.r with th.t r.tl anr.o~'c.d by the PA D.part..nt of Revenue. Th. Ippllc.bl. int.r..t rat.. for 1982 through 1998 .r'l ~ Inter..t Ratl !!.!.!.!L Intlr..t fatlto~ ~ Interut Rate 0/111'1 Interllt Fa"tor 1912 20i! .000!i48 1917 OX ,000241 1915 16i ,000411 1911-1991 11% .00OSOl 1914 11% ,000301 .." 9X .000Z41 1985 IS% ,0003S6 1"3~1994 IX .000192 1.86 10% ,000214 1"5~199a OX ,000Z47 -~Intlt..t .II ollc:ulat.d .. f('ll1oWII INT~R~ST . aAI.ANC~ OF UK UNPAIO K NU"I~R OF DAYS D~LINQU~NT K DAILY INT~R~ST FACTOR --Any Hotlo. I.,u.d Ift.r thl t.M b.co.I. d11linquent will r.fl.ot an Int.r..t caloul.tlon \~ ,Iftl.n (15) dIY' blvond the d.t. of the ........Ilt, If pav.ont l. Mdt .Her the Intlr..t oo.putaBan date shown on thl NOtiCI, Itddltiooll Int.rut IN.t be cIloulat.d, Probate Fees I3byer & Ritter PA Department of $ 524,75 2 000,00 4 067,86 Accounting' RevenUe " Inheritanoe Tax 3, Distributions $ 5,000,00 5,000,00 5,000,00 .6,570 shares of Cole's Bioycles, Inc, Stock $ 5,000,00 5,000,00 6,570 shares of Cole's Bicycles, ~nc, Stock Jackie L, Cole $ 5,000.00 Helen Smyers Cole Trust-Distribution value 601,869,00 ($529/618 (basis) + $29/901 (realized gains) (See Exhibit A) + $42,350 (unrealized gains) Linda Lou Cole Goldinger ~esley Goldinger Cinda Sue Cole Shannon Cinda Sue Cole Shannon - Kevin Shannon Leonard Michael Leonard Miohael Cole Cole " WHEREAS, the following additional costs of administration and distributions are to be made: Boyer & Ritter $ 2,500,00 Christopher C, Houston, Esquire Attorney's Fees $503.75 Filing Fee -Family Settlement Statement 17.00 $ 520,75 Distribution to Helen Smyers Cole Trust $ 325,88 WHEREAS, Individual Beneficiaries and Trustee desire to forego a formal accounting and scheduled distribution and desire to oonclude the estate by virtue of the filing of this document, NOW, THEREFORE, the said Individual Beneficiaries and Trustee/Executor intending to be legally bound, state as follows: 1, The said Individual Beneficiaries and Trustee, as be!'efioiaries I stat.e that the Executor of the Estate of Helen Smyers Cole need not file a formal accounting or scheduled distribution, !! ~ " f<1 Ia Ii! fIj Ii! " III " ;:: ~ ~ . ~ ~I w. " ~" ~ B ~ .. " ~, a " r I ~ ~ 'I en \II tr:i ::} ... I:i ., ';,1 lij"Q'f- ~ fllf::j III &~ =FJ ~~ ~iU9!! n ~- t1 c::. - ' 1'1.... 11\ C ~ ~ c ~lDN! ~ Ul f::j a~ ~~ "'1/1 S!!Si~ i~~ U n 11\11\ ~"' .. N~~ (fif'i III ~ M ~~~~ .. ~~ ~ U ~~ ;u ~~un 5 ~ ~ ~ !~:~ ~ ~~ ~ ~~ ~; ~~ ~~n~2 ji;:.i\b ;; :h~ ~ ;b;h ::<1> ::<1> ::.!."!'..!.;\~ ~ .......".. ~i ~i~~ '" ~lQ 111 lillil U ~lil lil~filIU~ " ~ ~ ~ i ~ u ~~ ~ I i~l~n u ~ ~ ~ ~ ~ Iii Iii 1\1 1\1~ ~ ~ ~ \;; *1\1 ~; ~~~~~liil~~ ~ ~~ ;,;; ~ 2 ~ ;;;; o\:;:::.Lob~cIlob'" 0 0\ Ii> ~ Ii> ~ ~ ~ ~ ~ " ~ U1 ~ ~ ~ ~ ol ~ ~I iii ~~ ~~ R " ~lQij&l~@ n ~ N ~ .. ~ ~ u. III ~~ !~ a ~~,~ " ! !/l 5 ~ ~ ...... ri f"I....ttJ. III ~ ~ \II ~ ~ r ~ ~ '" III lQ '41 fil IS , Ii! ~ ! ~ ~ !:! ~ 0: lil 0 % III Cl 0 I ~ ~ lE~ -' Z 1/1 0 ~ 3 z ::! ~ ~ i :s 0 t ii: 1= ~ ~~ffi u. 0 0 0 ~ ~ 0 Cl J: 0 Z 1/1 0 1/1 III 0: 0 I ~ l<: l<: E u. g n: ~ ... ~ >"-0 ~ 0: iil ~ u. 0: ... :J !i!~~ III 0 0: :J 0 III iil III III III 13 u u 0 0 0 00 u. EXHIBIT "A" ij ~. Ii! S ~ ~ III ~~ I!l .~ g Iil .. ~ ~ .. s .. ~ I ! <> ~ ~ & 0 <>~ e. ~~ '. ! ! ! ~. <> ~ Of Ot '" of ID N .. "'''' ~ l:; ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ U~ ~ ~ ~~~I~ !; ~ ~~~ ~ U~ ~ ~ n~ ~ i ~~g~ r;; ~ u.~ .~ ~~.~ ;;; ~ M!.... Ol~ ~ ~ U~ ~ ~ ~~n~ ~ '" ~~~ ~ U! . ~ :or.. ~ . ~Ii;~ Ii> ~ ~~~~~ ~ ~ ;U ~ ~U '" :.i1:.i :.i ~ :::b~~;b ;b :.i :.i ~~~ '" ~,.!..o r/,,J,r/, ~~I(! ~ III ~1S~lillCl IQ III U~ fil ~elil ~ U ... ~ U I ~ l!l <> ~ ij; ~ nu~ (ll s ~ OJ ~ ~ ~ ~ ~ ~ ~ -~ \ii~~ Ii; ~ ~ ~ ...Ii; Ii; ~ ~ ~ ~ t;; ! ~ ~ ~~~;~:! ,J, 0>, N N ~ ~~ ~ :/;N~ d; :.i :.i N ~ '1' .:.i :.i ,J,:.i~...~~:r .t... ,J, - ,J, ~ ~ ... ~ <> 0 <> ~ ::l "1 N N N ~ Iillll fil ~ lll~ II> .~ ~ <> ~ lQ ~ Sl 8lil g Sl ~ OJ ~ ~ .. -~ n. ~. a @J ~ ~, ~,~. u. ~ !m~ 5 "'''' .. "'... '" "'''' a~ ~ ~ IQ IQ I(! . III ~ Iil gill '41 ~ .lll i ~ lQ ~ Ii! I ~ ~ uJ ~ ~ 8 ! ~ -' 2 ~~ 6 ~ ~ ~ " U) :i! "" ~ ~ < ~ U) ~ ~ !Z u 11' ~ 3 I!! III ~ Ii' ~ ~ ~ -' w ~ 00 o::l 0 U) Ul ~ < 00: 0: Uw ~ ~ ~ ~ z ~ ull ~ w 15 ~ ::> u !l! =0: j!: Z -' :;; :;;:;; On. ::> ~ ~ ... Ii: ~ ~ ~. 0 lO Q 00 W 010 ! R Ii IllOCB ~ Wl~~~m: ~ f::'/Ii' ~ cc ~ ~~~ B ~!~m~ ~ u ; ~ ~ ~ u~ ~ ~m~~~ ~ ~pj III :;:lnj;i ~ M ~ ~ ~ ;U t;; ~~H~ ~ l!!lll ,.:. NN <h~~ lib ..J,J,J,,.:. N NN ~n ~ .~~U~ .. ~.. ~ .~ . . ~ [8; ~., ! o ~OI ~~ ~~ ~r'~~B u~n a, ~ ..~ hlliU Ili:!; I>; hd;L:t :r~~~~ ~~ ~ ~.,. nnll!~ ~..~~.. .,.;ftJd.."- . ~~~;; N ~ , ... N ... ~ s. ~,u.~ a ~ III III Illll~'" ...... ; ~ .,. j;i ~ ~ 18 ~~ ... ~ ~ oig It .,..,. :$ ~ ~f- ~~ ~ (5 o~ ~ I!: 2.- ~~ .Ii lilt- lZ III ~~ I< 61< I< III 0: ~I ~ ~ ~ :> Cl~ ~ 0: Ii' g ~ Zo 0 2 gz 0 I- 1'tJIlf'OSl: Of' NOTICE 1 To fulfll1 thl requlrtMnh of SeoUon ;!14S (b) of the Inher-Hano. and E.tlt. 11)( Aot, Aot 2'1 of 1'195. (72 P.9.' illation 9141H. PAv.tENTt Dthtoh thtl top porUon of this NoUce .nd .ub.lit with ~our Ply..nt to tM R'lht.rof NUh print.d on the r.y.r..l1eM. -- 11II<. oheok or ..noy or""r ..YIII>I. to. RBGISTER OF MILLS. AGBNT, REFUND (CRlI A refund of a taK or.dlt ..y be r.que.t.d by oo.pl.tlng In RApplloltlon for Refund of P8nn.~lYanl. InherJtMOI .nd hi.t. 'II(" (Rfl:V~1]13), Appll~at1onl are Bv,Uablt at the Offlol of the A"l.t.r of Nllb, any of the 25 Revenue Diltr lot Off 101' or fro. the Depart.."tl I 24-hol,Jr ,m,warlOSl ..rvlo. nuw.r'. for for.. orchlr InSII In P~.ylvanl. lM800~36Z-2050, out.lde PlnnsYlvanla and within 10c.l Harrl.buro IrQI (117) 787-a094, 'no. (717) 772-2252 (He.rino 11fl.lr~ Only), ObJECTIONS; Any party In lnta",.t not ..thfJ.d with the .'......."t of taM al lhown on thh notice .IIIY obJ~t withJn liMty (60) ~y. of rec.lpt of thJa Motio. bYI --wdttln prot..t to the PA Dtpart."'t of A'v,nu., Baird of A"Plllb, Dept. 281021, H.rrllburg, PA 1112a~10211 OR -~.I.cUn" to hlY" the a.tter d.tar_Jnecf at audit of the per.onlll repr..entaUvI, OR ~-appe.l to the DrPhan.' Court ADMIN- ISTRATIVE CORRECTIONSI flllOtuel .rror. dllcoy.r.d on thl. ........nt .hould bI addr....d In wrJtlng tOI PA Dopart..nt of AIV-nue, IOrllllU of Indlvldu.l T'M", ATTNI Po.t A.......nt R.vl.., U111t, Dept. 280601, Hlrrl.bur" PA 1712a~0601, Phone (117) 7a7~650S. S.. paR' 5 of the bookl.t "In.tructlon, for Inheritance '1M Return for. R..ldent Decedent" (kEV~1501) for In ~Mplanetlon of adetnl.tratJv.l~ oorrpatlbl1 error.. PENAlTYI Th' 151: bx HM.h non-partiolpat1on pen.lty h oOllflut'd on the total of the teM and lntllr..t .....Nd, 8nd not paId before J~.ry 14, 1996, the fJr.t dillY aft.r the .nd of the tlM .-na.ty plrlod, ThJ. non~p.rtlelp.tlon penalty h IPp..lebll hI the .... ..,..".r and In the the .MHI t1.. p.r lod .. YOU would -app.,l the tIM ond Int.rut that ha. b.~ a......d 8' IndJoat.d on thl. notlol. IHTEREST I Addltlonel Penn.ylY8nla Eltet, TaM .......d .. . r..ult of . ohlMP' on the Flderal Eat,t. TeM oloelng letter becDMt. dll1nquent at the .xpJratlon of on. (1) aonth froe the dftt. thl final notlo. of the Jncr.... In Federal E.tate Tax 1. rec.Jved, TeMu5 which bee... dellnqulnt blfore January I, 1982 bear Inter..t at the rata of ,1)((6%) pereent per ann~ oalculatld at. dally ratu of .000I6"t. All taM.' which bee... dtIl1nquent on or att.r JlNlUery I, 1982 will bear Int.r..t at a rat. whlch will van' f,.08 caland.r ye.r to aalandar year with trn-t rate announced by 'the PA Depart..nt of Revenue. The applJeablo Intere.t rate. for 1982 through 19~a arll Y.!!! Int.r..t Aat. Pally Inter..t faotor :!!!r Int.r..t.. Rate D.11y Inte,...t Factor 1982 20i: ,000548 19ft7 9% .000241 1983 161: .000438 198&-1991 11% .000501 1984 lli: .000301 1992 9% .000247 1985 15:< .00O~56 1993-1994 7i: .000192 1986 10;: .00027"t 1995-1998 9% .0002"t7 --Inter..t 1. ealcul.t&d ., followll INTEREST = BALANCE or TAX UNPAID X NU"SER OF DAYS DBLINQUENT X DAILY INTBRBST FACTOR ~~Any Hotice illoed aft.r the tax btKlOlMlS delinquent will r.floot .n Intlr..t ealoubtlon to flft.en (5) day' bayond the dftt. of the alI5eUllflnt. If paY.'nt Is aade nft.,. tha int.,."t ootlputatlon dllt_ .ho"," on tho Notice, adtlltJonal InterMit flU.t be ealeuhlted. c'\ nu' . fl..., ,-\<;' n"'i~_l '95 ~\.\b 2f', \' 1 .m c\~'n' Cun!'" I. ,II I'f, PURPOSE Qf HOTICEI To fulfU. thl rltClUirlMnb of Stoth." 214' (il) of the InMrit~. end t:.tat. tlM Aat, Act U of 1996. (12 P,S, Sootlon '141), PAVMtNT, DltllOh the top portion of thla Notice Md tubIllt with )lCJUr PIYHflt to the Regllt,r of Nllll printed on the r.ver.. .Ide. m" tWt. chick or ItOMY order p.yllbl. tOl REGISTER .or MILLS, AGENT, RffUHD (CA)I A r.fund of .. t8X (lred!t ..y be r......ted by eoepleUne Wl "Applte.Uon for R.food of P....,.vl".,I. Inhlrltanoe end f.ehlt, TII(" (REY"1513L AppUcatlonl IIr' 8YaUebl. It thl OffJoe of the Regilt,,. of MUla, M1Y of thtl U AevttnUI 01ltrlot Offlc.1 or trOll thl Depart..nt'. 24"hour INlI""rlng .ervlcl flUIIberl for for.' or.rlne; In Penn'Ylvanla 1-800~36r-2050, out,lde ~enn'Ylvanl. end within 100el Karrllbura .r.. (717) 787-8094, TODI (1)7) 172-2252 (HllIrh,g lapalred OnlY). ~,JECTlONSI Any p.rty In Interut not ..tllUed with the ......HOt of t.)( .s .hown 00 this notice ny obj.ot wUhln ,1xty (60) days of receipt of thls .wtlc. bYl --written prnt..t to tM PA DeplIrtHOt of Rev.nUe, 10llrd of Appeal., Dept. 261021, Hltrrllburg, PA 17128-1021, OR --.l.cUng to have tiw .atter det.I".lned at .wit of the pelr.onel r~r'Hntetlva, OR ~-~al to tt.. Orphan.' Court. ADMIN- ISTRATIVE CORRECTlONSl Factuel error. dlscov.red on thll .....lItIflt .hould be IKIdra..ed In ..r!tlng tnl PA DepllrbMnt of R.v....., lurlll\l of IndividUal lB)(.., AnNl Powt A..u...nt RevllllN Unit, Dlpt. 280601, IhlrrhbUrg, PA 17128-0601, ftt'1OM (717) 787.6505. SaI page 5 of the bookl.t "In.truoHon. for Inheritance 18x Return for. A..ld1nt Deoldent" (REY-150lJ for .n eKPlermUon of ..lnhtrat;lv.h correotnb1e error.. PENAL TV I ThI 15;( tax ......h non-participation puna1 ty It OMPut.d on the total of tho t.1C w1d Intar".t .....Md, Md not paid blfore January 18, 1996, the first day aft.r thQ .od of thG t.1C .-n4sty p'rlod. Thi, non-partiolpatlon pIf..1ty 18 appa,elebl. In thtl SlIM II8IlflIr and In the the .... ti.. per icxt a. yC;U MOUld 1PPA1 thl tak Ilnd Inter..t that hi' bean .....1Id ai Indlo"t.d on this naUee. INTEREST I For data. of death on or aft.r 10-3~91, P.nnlylvanla E.tat. ralC ba.ad on the Feder.l e.t.t. TaK r.turn becOltl. d4lUnquent at the expiration of I1lne (09) ItOnths f"OII the dllt. of de.th. Fer det.. of dleth prior to 10-3-91, P""'1ylvanla Estate hx blllAd on the Feder.1 E.tat. Ta)( return ~OIleS dlli~t at the 'lCplratlnn of Ilght..n (lA) .anth. froe the d6t. of death, TaKa. Nhlch bee... dftllnquent blfor. Jaouery 1, 1982 !Mar int.r..t at the r.t. of .b (fi.X) par04tnt par annua oalculated at II dalh ret. of .000164. All talC.. which bec.. dellnquent on or aft.r JllnUllr!l' i, 1982 will bur lntar..t .t . r.t. Nhleh will vary frOll c.lendar yaar tD cel.ndar y.ar wJth that rat. IMVlDUnCId 'by the PA DlpartNnt of Rev..-..e. Thft IlPPllcabl. lnt.r..t r.t.. for 1932 through 19?8 ar'l V..r lnter..t Rate Oell.1/ Int.r..t Faotor V.ar Int.ra.t Rate Oalh Int.r..t FlIOtor 1982 20~ .000548 1987 9(; .000247 1985 16:C .00008 1988-)991 11% ,000501 1984 IU .00nOl 1992 .~ ,000247 1985 U~ .00DSS6 1993-1994 n .000192 1'06 1O~ .000274 1995-1998 .~ .000247 --Jntar..t II OIIloulatld .. fo111*11 INTBRBST ~. BALANCE OF TAX UNPAID X NUNBER OF DAYS DELXNllUBNT X DAILY INTEREST FACTOR uAn~ Notice 1I.uINt after tM tax becOM' delinquent ..ill rflfl~t "" Int.r..t calculation to flft., Us) un ba)fond the data of tho .........,t. If p.~t 11 IHKkt aft.r the inter,'t 1I011PutaUOft deta lhown em tM Hot1~, ItddlUonel inter..t ....t bo o.lculatld. , ......._t.._.. ._,..... ~TATUS REPORT U!iQER RULE 6,12 Name of Decedent I HF.LEN SMYERS COLL- Date of Deathl 5/29/97 Will No,_.2t.t97-00491 Admin. No, Pursuant to Rule 6,12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: 1, State whether administration of the estate is complete: Yes X No 2, If the answer is No, state when the personal representative r'la!'lOnably believes that the administration will be complete :.____ 3, If the answer. to No, 1 is Yes, state the followingl a, Did the personal representative file a final account with the Court? Yes No X b. The separ.ate Orphans' Court No, (if any) for the personal representative's account is: c, Did the personal representative state an account informally to the parties in interest? Yes X No d, Copies of receipts, releases, joinders and approvals of formal or informal accounts. may be filed with the Cerk of the Orphans' Court j;\nd may b~/~~~Ched to this report. Date:--1!/9/98 ?~ Signatur Christopher C, Houston, Esquiro Name (Please type or print) 52 West Pomfret Street, Carlisle, PA 17013 Address .,'"' D (II r-- ~r;l ('.~ ['i:: t1 f:( ~'\ U.. ( 717 l 241-5970 Tel. No, Capacity: Personal Representative 'r' . fb tM.&.!i I rm'f'l'AM3) " [:.0 ~ r: P' 68 x Counsel for personal representative i '.;' mer 0: -