BROWNING ST. MEMORANDUM ARMS COMPANY LOUIS, MISSOURI REFLECTING DATA ON PENDING EXCISE TAX SUIT PERTOD Difference in tax (Remington upon allowed Difference in tax (Remington is - price) Sales - from price) Sales accrued and a liability 1935 TO basis for APRIL tentatively if adjusted jobbing allowed Amount now books as 1, if adjusted jobbing is upon OCTOBER basis shown 1939 guns agreed inventory | for tentatively from 50, 1,866.98 guns agreed subsequent importations 33,233.01 $35,099.99 upon 51,217.17 Adjustment necessary to bring reserve to figure now considered to be correct and tentatively agreed 35,063.73 upon Corrected Reserve Amount to be 1935 1936 1937 1938 and $16,153.44 Account adjusted by years 2,955.06 11,035.97 §,008. 36 | 13,064.34 1939 $35,063.73 Adjustment to considered Refund "Reserve" as Account which income in year taxable of tax during suit period may be of adjustment (maximum) Total Less tax paid and charged Maximum amount which taxable income may to “Suspense” be considered Account 35,063.73 89 ,986.81 125,050.54 63,784.64 as $61, 265.90