INCOME FROM EXHIBITORS ‑ 2003 SAMPLE CLASSIC as of 12/10/03  9:51am

         Entry Fees                                           24,761.00
              less transfer credits                             ‑898.00
              less refunds                                    ‑2,379.00
         Total Entry Fees                                     21,484.00

         Retained Transfer Credits                               305.00

         Nominating Fees                                           0.00

         Association Fees                                      1,548.00

         Stalls                                               12,970.00
         Tackrooms                                             2,500.00
         Total Stabling                                       15,470.00

         Grounds Fees                                            100.00

         Add/Scratch Fees                                        855.00
         Late Entry Fees                                         920.00
         Total Office Charges                                  1,775.00

         Schooling                                             2,240.00

         Ret'd Check                                               0.00

         USA Memb                                                110.00

         USA Am Card                                               0.00

         WSHJA NMemb                                               5.00

         Shirts                                                   47.00

         ‑‑‑‑‑‑‑‑‑‑‑                                               0.00

         ‑‑‑‑‑‑‑‑‑‑‑                                               0.00

         Misc Charges & Credits                                 ‑153.00

         Sales Tax                                                 0.00

         GROSS INCOME                                         42,931.00

              less association fees payable                   ‑1,548.00
              less sales tax payable                               0.00
              less prize money                                  ‑818.75

         NET INCOME                                           38,264.25

         Average Net Income Per Entry     (115)                  332.73