BROWNING ARMS COMPANY ST. LOUIS, MISSOURI STATEMENT SHOWING BASIS OF OFFER IN COMPROMISE SUBMITTED TO THE ATTORNEY GENERAL OF THE UNITED STATES ON OCTOBER4, 1939 Totel Sales of Arms for June 21, 1932 to September Tax one eleventh the period 30, 1935 $945,585.9 of sales 85,962.37 Difference in total sales as computed by Government Agents and those compiled in detail and verified with General Ledger Controlling Accounts by employees of the Browning Arms Company: Total Sales per Government Total Sales per Browning. Company compilation Report 958,740.93 Arms 945,585.93 Difference Tax Total one 3 eleventh of 13,155.00 sales 1,195.92 Tax Paid $97,150. 29 Difference in tax payable using average Remington Savage jobbing price in lieu of basis used by Government in assessment of additional tax: | fax as computed above Tax computed on Remington Savage jobbing price basis 85,962.37 64,882.82 Difference 21,979.55 One eleventh of amount representing excessive sales as set up by Government Agents One (detail eleventh tion charges sidered One upon of statement) covering firearms and 1,195.92 not con- - of such charges which | transporta~- 10,611.91 eleventh tax offer in forepart amount taxable Amount Total of 964.72 will in compromise be refunded is accepted if our ~ Forward, 23,240.19