EXHIBIT
99.1





















































CROSSTOWN
SENIORS LIMITED DIVIDEND


HOUSING
ASSOCIATION LIMITED PARTNERSHIP





FINANCIAL
STATEMENTS





Years
Ended December 31, 2007 and 2006




















CONTENTS








Page





INDEPENDENT
AUDITORS’ REPORT             1





BALANCE
SHEETS                  2





STATEMENTS
OF OPERATIONS               3





STATEMENTS
OF PARTNERS’ EQUITY/(DEFICIT)           4





STATEMENTS
OF CASH FLOWS               5





NOTES TO
FINANCIAL STATEMENTS               6














Schoonover
Boyer & Associates


Certified
Public Accountants / Financial Advisors











INDEPENDENT AUDITORS’
REPORT








The
Partners


Crosstown
Seniors Limited Dividend


Housing
Association Limited Partnership


(A
Michigan Limited Partnership)


Kalamazoo,
Michigan





We have
audited the accompanying balance sheets of Crosstown Seniors Limited Dividend
Housing Association Limited Partnership, a Michigan limited partnership), as of
December 31, 2007 and 2006, and the related statements of operations, partners’
equity/(deficit) and cash flows for the years then ended.  These
financial statements are the responsibility of the Partnership’s
management.  Our responsibility is to express an opinion on these
financial statements based on our audits.





We
conducted our audits in accordance with the Standards of the Public Company
Accounting Oversight Board (United States).  Those standards require
that we plan and perform the audits to obtain reasonable assurance about whether
the financial statements are free of material misstatement.  The
Partnership has determined that it is not required to have, nor we were engaged
to perform, an audit of its internal control over financial
reporting.  Our audits included consideration of internal control over
financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Partnership’s internal control over
financial reporting.  Accordingly, we express no such
opinion.  An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial
statements.  An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation.  We believe
that our audits provide a reasonable basis for our opinion.





In our
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Crosstown Seniors Limited Dividend
Housing Association Limited Partnership, as of December 31, 2007 and 2006, and
the results of its operations, changes in partners’ equity/(deficit) and its
cash flows for the years then ended, in conformity with accounting principles
generally accepted in the United States of America.








/s/Schoonover
Boyer & Associates








Columbus,
Ohio


February
27, 2008








383 North
Front
Street,  Columbus,  Ohio  43215,  Telephone  614-888-8000










CROSSTOWN
SENIORS LIMITED DIVIDEND


HOUSING
ASSOCIATION LIMITED PARTNERSHIP





BALANCE
SHEETS





December
31, 2007 and 2006








ASSETS


2007
            
            
            2006Property
      and equipment, at cost, less accumulateddepreciation
      of $3,156,957 and $2,979,512, respectively
            
            $
            3,203,214
            
            
            $
            3,353,423Cash
            
            
            2,941
            
            
            
            64,400Accounts
      receivable
            
            
            5,428
            
            
            
            1,426Prepaid
      expenses
            
            
            62,244
            
            
            
            51,322Tenants'
      security deposits
            
            
            57,474
            
            
            
            58,004Replacement
      reserve
            
            
            906,692
            
            
            
            847,767Real
      estate tax and insurance escrow
            
            
            42,538
            
            
            
            62,407Development
      costs escrow
            
            
            237,642
            
            
            
            270,740Operating
      reserve
            
            
            9,128
            
            
            
            3,033Intangible
      assets, less accumulated amortizationof
      $18,775 and $17,751, respectively
            
            
            11,948
            
            
            
            12,972TOTAL
      ASSETS
            
            $
            4,539,249
            
            
            $
            4,725,494














LIABILITIES
AND PARTNERS’ EQUITY/(DEFICIT)





Long-term
      debt
            
            $
            3,399,440
            
            
            $
            3,576,399Accounts
      payable
            
            
            29,369
            
            
            
            18,437Due
      to related parties:Affiliates
            
            
            13,613
            
            
            
            13,837Prepaid
      rent
            
            
            127
            
            
            
            311Accrued
      property taxes
            
            
            41,128
            
            
            
            40,739Accrued
      payroll
            
            
            -
            
            
            
            -Accrued
      interest payable
            
            
            17,253
            
            
            
            18,134Deferred
      interest income
            
            
            1,040,390
            
            
            
            1,012,542Tenants'
      security deposits
            
            
            57,418
            
            
            
            58,0044,598,738
            
            
            
            4,738,403Partners'
      equity/(deficit)
            
            
            (59,489
            )
            
            
            (12,909
            )TOTAL
      LIABILITIES AND PARTNERS’EQUITY/(DEFICIT)
            
            $
            4,539,249
            
            
            $
            4,725,494





























The
accompanying notes are an integral part of the financial
statements.








CROSSTOWN
SENIORS LIMITED DIVIDEND


HOUSING
ASSOCIATION LIMITED PARTNERSHIP





STATEMENTS
OF OPERATIONS





Years
Ended December 31, 2007 and 2006








2007
            
            
            2006Gross
      potential rental income
            
            $
            1,294,720
            
            
            $
            1,270,952Vacancy
      loss
            
            
            (42,215
            )
            
            
            (35,042
            )Net
      rental income
            
            
            1,252,505
            
            
            
            1,235,910Other
      income
            
            
            42,720
            
            
            
            14,9701,295,225
            
            
            
            1,250,880Operating
      Expenses:Advertising
            
            
            14,290
            
            
            
            16,611Bad
      debt expense
            
            
            1,839
            
            
            
            1,847Management
      fee
            
            
            94,068
            
            
            
            80,079Office
      expense
            
            
            31,866
            
            
            
            26,873Property
      insurance
            
            
            68,646
            
            
            
            64,533Professional
      fees
            
            
            14,272
            
            
            
            13,381Repairs
      and maintenance
            
            
            152,168
            
            
            
            127,247Real
      estate taxes
            
            
            41,280
            
            
            
            40,739Salaries
      and related taxes and insurance
            
            
            243,771
            
            
            
            234,313Utilities
            
            
            196,454
            
            
            
            184,382Other
      expenses
            
            
            99,556
            
            
            
            85,628Operating
      expenses
            
            
            958,210
            
            
            
            875,633Income
      from rental operations
            
            
            337,015
            
            
            
            375,247Non-Operating
      Income (Expenses):Partnership
      administration fee
            
            
            (5,075
            )
            
            
            (6,101
            )Asset
      management fees
            
            
            -
            
            
            
            -Interest
      income
            
            
            22,013
            
            
            
            47,698Interest
      expense
            
            
            (211,006
            )
            
            
            (223,086
            )Amortization
      expense
            
            
            (1,024
            )
            
            
            (1,024
            )Depreciation
      expense
            
            
            (177,445
            )
            
            
            (177,445
            )(372,537
            )
            
            
            (359,958
            )NET
      INCOME/(LOSS)
            
            $
            (35,522
            )
            
            $
            15,289





























The
accompanying notes are an integral part of the financial
statements.














CROSSTOWN
SENIORS LIMITED DIVIDEND


HOUSING
ASSOCIATION LIMITED PARTNERSHIP





STATEMENTS
OF PARTNERS' EQUITY/(DEFICIT)





Years
Ended December 31, 2007 and 2006








General
            
            
            LimitedTotal
            
            
            Partners
            
            
            PartnerPartners'
      equity/(deficit), 12/31/05
            
            $
            (14,059
            )
            
            $
            (341,087
            )
            
            $
            327,028Net
      income/(loss)
            
            
            15,289
            
            
            
            153
            
            
            
            15,136Cash
      distributions
            
            
            (14,139
            )
            
            
            (6,204
            )
            
            
            (7,935
            )Partners'
      equity/(deficit), 12/31/06
            
            
            (12,909
            )
            
            
            (347,138
            )
            
            
            334,229Net
      income/(loss)
            
            
            (35,522
            )
            
            
            (355
            )
            
            
            (35,167
            )Cash
      distributions
            
            
            (11,058
            )
            
            
            (4,150
            )
            
            
            (6,908
            )Partners'
      equity/(deficit), 12/31/07
            
            $
            (59,489
            )
            
            $
            (351,643
            )
            
            $
            292,154





























The
accompanying notes are an integral part of the financial
statements.














CROSSTOWN
SENIORS LIMITED DIVIDEND


HOUSING
ASSOCIATION LIMITED PARTNERSHIP





STATEMENTS
OF CASH FLOWS





Years
Ended December 31, 2007 and 2006





Increase
(Decrease) in Cash and Cash Equivalents





2007
            
            
            2006CASH
      FLOWS FROM OPERATING ACTIVITIESNet
      income/(loss)
            
            $
            (35,522
            )
            
            $
            15,289Adjustments
      to reconcile net income/(loss) to netcash
      provided by/(used in) operating activities:Depreciation
      and amortization
            
            
            178,469
            
            
            
            178,469(Increase)/decrease
      in accounts receivable
            
            
            (4,002
            )
            
            
            968(Increase)/decrease
      in cash in trust
            
            
            530
            
            
            
            (2,889
            )Increase/(decrease)
      in accounts payable
            
            
            10,932
            
            
            
            (555
            )Increase/(decrease)
      in due to related parties
            
            
            (224
            )
            
            
            732(Increase)/decrease
      in prepaid expenses
            
            
            (10,922
            )
            
            
            (5,406
            )Increase/(decrease)
      in accrued expenses
            
            
            (492
            )
            
            
            (910
            )Increase/(decrease)
      in prepaid rents
            
            
            (184
            )
            
            
            249Increase/(decrease)
      in tenant security deposit liability
            
            
            (586
            )
            
            
            2,895Interest
      earned on project escrows and reserves
            
            
            (48,702
            )
            
            
            (47,695
            )Withdrawal
      from operating reserve, net
            
            
            (5,731
            )
            
            
            -Withdrawal
      from DCE interest escrows
            
            
            49,920
            
            
            
            43,012Escrow
      deposits for taxes and property insurance
            
            
            (120,178
            )
            
            
            (117,344
            )Disbursement
      from escrows for taxes and insurance
            
            
            144,561
            
            
            
            109,095Net
      cash provided by/(used in) operating activities
            
            
            157,869
            
            
            
            175,910CASH
      FLOWS FROM INVESTING ACTIVITIESDeposits
      to replacement reserve
            
            
            (61,292
            )
            
            
            (45,575
            )Withdrawals
      from replacement reserve
            
            
            57,217
            
            
            
            50,200Additions
      to property and equipment
            
            
            (27,236
            )
            
            
            (14,400
            )Net
      cash provided by/(used in) investing activities
            
            
            (31,311
            )
            
            
            (9,775
            )CASH
      FLOWS FROM FINANCING ACTIVITIESPrincipal
      payments on mortgage note payable
            
            
            (176,959
            )
            
            
            (164,780
            )Distributions
      to partners
            
            
            (11,058
            )
            
            
            (14,139
            )Net
      cash provided by/(used in) financing activities
            
            
            (188,017
            )
            
            
            (178,919
            )NET
      INCREASE/(DECREASE) IN CASH
            
            
            (61,459
            )
            
            
            (12,784
            )CASH
      AT BEGINNING OF YEAR
            
            
            64,400
            
            
            
            77,184CASH
      AT END OF YEAR
            
            $
            2,941
            
            
            $
            64,400SUPPLEMENTAL
      DISCLOSURES OF CASH FLOW INFORMATION:Cash
      paid during the year for interest
            
            $
            211,888
            
            
            $
            224,067
















The
accompanying notes are an integral part of the financial
statements.








CROSSTOWN
SENIORS LIMITED DIVIDEND HOUSING


ASSOCIATION
LIMITED PARTNERSHIP





NOTES TO
FINANCIAL STATEMENTS





December
31, 2007 and 2006








NOTE 1 –
ORGANIZATION AND
SIGNIFICANT ACCOUNTING POLICIES





Organization





The
Partnership was formed in 1989 for the purpose of owning and operating two
rental housing projects for low-income and moderate-income families located in
Kalamazoo, Michigan.  Crosstown Parkway Apartments - Phase I contains
177 units and Crosstown Parkway Apartments - Phase II contains 24
units.  The mortgage loan financing was issued under the Michigan
State Housing Development Authority Act of 1966.  Under the terms of
the Regulatory Agreements, executed in connection with obtaining the mortgage
loans, the Michigan State Housing Development Authority ("MSHDA") regulates
rental rates and distributions to partners.





The
Partnership has three general partners and one limited partner.  The
general partners and the limited partner had made capital contributions of $104
and $888,171, respectively.





Income or
loss of the Partnership is allocated 99% to the limited partner and 1% to the
general partners.





Basis of
Presentation





The
financial statements have been prepared on the accrual basis of accounting in
conformity with generally accepted accounting principles.





Use of
Estimates





The
preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting
period.  Actual results could differ from those
estimates.





Cash and Cash
Equivalents





Cash is
defined as currency on-hand and demand deposits with financial
institutions.  Cash equivalents are defined as short-term, highly
liquid investments with original maturities of three months or
less.





For
purposes of the statement of cash flows, the Partnership considers cash and cash
equivalents to include only unrestricted operating cash.





Restricted Deposits and
Funded Reserves





In
accordance with regulatory requirements and the partnership agreement, the
Partnership has established and is maintaining various restricted deposit and
reserve accounts.





NOTE 1 –
ORGANIZATION AND
SIGNIFICANT ACCOUNTING POLICIES – Continued





Accounts
Receivable





Accounts
receivable are stated at the amount management expects to collect from
outstanding balances.  Management provides for probable uncollectible
amounts through a charge to earnings and a credit to a reserve for uncollectible
account based upon its assessment of the current status of individual
accounts.  Balances that are still outstanding after management has
used reasonable collection efforts are written off through a charge to the
reserve account.  Changes in the reserve have not been material to the
financial statements.





Rental
Property





The cost
of property and equipment is depreciated over estimated useful lives using
accelerated and straight-line methods of depreciation.





Rental
Income





Rental
income is recognized as the rentals become due.  Rental payments
received in advance are deferred until earned.  The leases between the
Partnership and the tenants residing at the property are classified as operating
leases.





Intangible
Assets





The
Partnership has incurred loan fees of $30,723 to obtain financing for the
construction of Crosstown Parkway Apartments – Phase II.  The fees are
amortized over a period of 359 months, using the straight-line
method.  Amortization expense for 2007 and 2006 was
$1,024.





Income
Taxes





No
provision has been made in the financial statements for income taxes, since such
taxes are the responsibility of the Partners.





Medallion
Management, the management company which manages the Partnership’s rental
property is an affiliate of one of the general partners.  In 2007 and
2006, the management agreement and MSHDA approved budget provided for a fee of
$404 and $391, respectively for each apartment unit annually.  The
Partnership incurred $81,204 and $78,591 for such services during 2007 and 2006,
respectively.  The Partnership is also subject to a premium management
fee of $64 and $62 per unit annually during 2007 and 2006, respectively, under
the MSHDA approved budget and authorized premium management fee
structure.  The project incurred $12,864 and $1,488 during 2007 and
2006 for premium management fees, respectively.





Since the
personnel working at the rental site are employees of the managing agent, the
Projects reimburse the managing agent for the payroll, payroll taxes and other
miscellaneous expenses related to the employees.  The Projects
reimbursed the management agent $205,256 and $190,200 during December 31, 2007
and 2006, respectively.  During 2007 and 2006, the Partnership also
reimbursed the managing agent $2,393 and $1,758, respectively, for various
administrative expenses charged back to the Project.





In 2002,
Medallion Management started a 401(k) plan.  All non-union employees
of the Company are eligible to participate.  The Company will
contribute a base amount equal to 3% of the employees’
compensation.  In addition, they will decide annually on the amount of
a discretionary contribution.  The employee may also elect to defer a
portion of their compensation.  The Project was charged for their
portion of the employer’s contribution.  The amount of the expense for
2007 and 2006 was $5,141 and $4,526, respectively.





NOTE 2 –
RELATED PARTY
TRANSACTIONS





The
amount due to local general partners and affiliates at December 31, 2007 and
2006 consists of accrued property management fees and accrued payroll
expense.





Additionally,
during 2007 and 2006, $11,975 and $8,926, respectively, was paid to a painting
company whose owner is related to one of the general partners.  Such
amounts were paid for painting services.





The
Partnership paid $5,075 and $6,101, respectively, during 2007 and 2006 to an
affiliate of the general partner for partnership administration
fees.  Such amounts were paid from surplus cash flow, as defined in
the partnership agreement.





NOTE 3 –
PROPERTY AND
EQUIPMENT





The
Partnership provides for depreciation of property and equipment over useful
lives set forth below using accelerated and straight-line methods.





Useful
      Lives
              (in
      years)
            
            
            2007
            
            
            2006Land
            
            
            -
            
            
            $
            217,000
            
            
            $
            217,000Land
      improvements
            
            
            20
            
            
            
            387,350
            
            
            
            383,414Buildings
      and improvements
            
            
            40
            
            
            
            5,257,264
            
            
            
            5,242,513Furniture
      and fixtures
            
            
            12
            
            
            
            353,251
            
            
            
            353,251Vehicles
      and equipment
            
            
            7
            
            
            
            145,306
            
            
            
            136,7576,360,171
            
            
            
            6,332,935Less:
      accumulated depreciation
            
            
            
            
            
            
            (3,156,957
            )
            
            
            (2,979,512
            )Net
      book value
            
            
            
            
            
            $
            3,203,214
            
            
            $
            3,353,423Depreciation
      expense
            
            
            
            
            
            $
            177,445
            
            
            $
            177,445





NOTE 4 –
PROJECT ESCROWS AND
RESERVES





Project
escrows and reserves consist of the following at December 31, 2007 and
2006:





2007
            
            
            2006Replacement
      reserve
            
            $
            906,692
            
            
            $
            847,767Real
      estate tax and insurance escrow
            
            
            42,538
            
            
            
            62,407Operating
      reserve
            
            
            9,128
            
            
            
            3,033Development
      cost escrow
            
            
            232,529
            
            
            
            264,950Development
      cost escrow - interest
            
            
            5,113
            
            
            
            5,790$
            1,196,000
            
            
            $
            1,183,947





Pursuant
to the MSHDA Regulatory Agreement, the projects are required to maintain the
following escrow accounts and reserves:





Replacement
Reserve





The
projects are required to make monthly escrow deposits of $4,332 with the
mortgagee to a reserve for replacement of project assets.  The reserve
is interest bearing and any withdrawals from the fund must be approved by
MSHDA.  As of December 31, 2007, no approved withdrawals were
outstanding.





NOTE 4 –
PROJECT ESCROWS AND
RESERVES – Continued





In the
event of a default on the mortgage loans, MSHDA may authorize the application of
the balance in this fund to the amount due on the mortgage
loans.  Upon repayment or refinancing of the related long-term debt,
the escrow balance, if any, is returned to MSHDA.





The
status of the reserve account at December 31, 2007 is as follows:





Reserve account bank
balance                                                                                           $     906,692





Calculated reserve account
balance:


Accumulated amounts less approved
withdrawals                                                              906,692





Excess
(deficit)                                                                                                               
$           
-





Tax and Insurance
Escrow





The
projects are required to make monthly escrow deposits with the mortgagee for
property taxes and insurance.  The escrows are interest
bearing.  The status of the tax and insurance escrow accounts at
December 31, 2007:





Balance                                                                                              $       42,538





Estimated amount required as of
December 31, 2007


for the next scheduled
payment:


Real estate
taxes                                                                                                 28,823


Property
insurance                                                                                                               
13,715





Excess
(deficit)                                                                                                                         $              -





The real
estate taxes payable as of December 31, 2007 of $41,128 relate to the year 2007
and will be due in April 2008.





Operating
Reserve





This
interest-bearing escrow is funded by excess surplus cash from project
operations.  The balance may be used to fund operating deficits or to
make limited dividend payments to the partners.  Upon repayment or
refinancing of the related long-term debt, the escrow balance, including
interest earnings, is returned to MSHDA.





Development Cost
Escrow





This
escrow was funded from the initial loan proceeds for Crosstown Parkway
Apartments - Phase I.  The escrow is interest
bearing.  The balance may only be used under extraordinary
circumstances approved by MSHDA.  Upon repayment or refinancing of the
related long-term debt, the escrow balance reverts to the
Partnership.





Development Cost Escrow –
Interest





This
escrow account consists of interest earned on the development cost escrow and
may only be used under extraordinary circumstances approved by
MSHDA.  Upon repayment or refinancing of the related long-term debt,
the escrow balance is returned to MSHDA.





Deferred Interest
Income





The
Partnership has recorded deferred interest income for interest earned on the
replacement reserve, development cost escrow and operating
reserves.  The Partnership recognizes interest income, only upon the
withdrawal of funds from the accounts.





NOTE 4 –
PROJECT ESCROWS AND
RESERVES – Continued





Tenant Security
Deposits





Cash held
in escrow consists of tenant security deposits maintained in separate bank
accounts in the name of the projects that may not be used for operating
expenses.





The
status of the tenant security deposit escrow accounts at December 31, 2007
is:





Tenant
security deposits cash account
balance                                                                               $       57,474


Tenant
security deposits payable
balance                                                                                             57,418





Excess                                                                                                                                                      $
             56





NOTE 5 –
MORTGAGES AND NOTES
PAYABLE





2007
            
            
            2006Mortgage
      note payable to MSHDA.  The note provides for interest at 7.5%
      per year and is self-amortizing through April 2018 with monthly
      installments of $29,096 for principal and interest.
            
            $
            2,505,476
            
            
            $
            2,660,359Mortgage
      note payable to MSHDA.  The interest rate is variable and
      provides for interest at 1.5% above MSHDA’s cost of funds with a maximum
      of 8.25% (4.75% during 2005 and 2004).  Monthly payments of
      principal and interest are due in amounts designed to amortize the balance
      of the loan over 30 years.  The loan is due in August
      2019.
            
            
            358,750
            
            
            
            380,826Residual
      receipts mortgage note payable to MSHDA.  The note is
      non-interest bearing and is payable in full on April 1, 2018, or upon the
      sale of the rental property or the refinance of the above mortgage
      notes.
            
            
            535,214
            
            
            
            535,214$
            3,399,440
            
            
            $
            3,576,399





MSHDA has
committed to make housing assistance payments to the projects on behalf of
qualified tenants.





Aggregate principal maturities of the
long-term debt are as follows:





Year
            
            Amount2008
            
            $
            190,0562009
            
            
            204,1362010
            
            
            219,2782011
            
            
            235,5612012
            
            
            253,072Thereafter
            
            
            2,297,337$
            3,399,440





NOTE 6 –
INCOME
TAXES





A
reconciliation of the financial statement net income to the taxable
income/(loss) for the Partnership is as follows:




2007                                         
2006





Financial
statement net
income/(loss)                                                       
$(35,522)                                  
$ 15,289


Tax
depreciation in excess of book depreciation                                       
(37,448)                                    
(39,584)


Increase
(decrease) in prepaid rent recognized
                 
currently for tax
purposes                                                                                 (184)                                           
249


Interest
income recognized for tax purposes in


excess of amount recognized for
books                                                     54,850                                     
51,873





Taxable
income/(loss)                                                                                  $(18,304)                                  
$
27,827





NOTE 7 –
CONTINGENCY





Crosstown
Parkway Apartments - Phase II is eligible to receive rental subsidy payments
from MSHDA on behalf of qualified tenants.  The Project has received
$3,236 since inception.  The Project received no subsidy in 2007 and
2006.  All accumulated rent subsidies received shall be repaid to the
Authority annually as follows:





(1)
            25%
      of the net cash flow of the development prior to any limited dividend
      payments.




(2)       100% of the remaining cash flow
after payment of any limited dividend payments.





Upon sale
of the development, the Partnership shall repay to the Authority, the net
balance of subsidies then outstanding; however, the maximum amount to be repaid
shall not exceed 25% of the net capital proceeds on the sale of the
development.





NOTE 8 –
FAIR MARKET
VALUATIONS





The
following methods and assumptions were used to estimate the fair value of each
class of financial instruments (none of which are held for trading) for which it
was practical to estimate that value:





Cash, Rent Receivable,
Accounts Payable and Accrued Expenses





The
carrying amount approximates fair value because of the short maturity of those
instruments





Long-Term
Debt





The
estimated fair value is based on an estimated current market interest rate of
7.5%.





The
estimated fair values of the Partnership’s financial instruments at December 31,
2007 are as follows:





Carry
            
            
            FairAmount
            
            
            ValueCash
            
            $
            2,941
            
            
            $
            2,941A 
      Accounts payable and accrued expenses
            
            
            84,110
            
            
            
            84,110Long-term debt and related accrued interest
            
            
            3,416,693
            
            
            
            3,081,008