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DONALD W. & RUBY L. FREEMAN <br />BALANCE SHEET <br />AS OF MAY 31, . 1978 <br />ASSETS <br />Cash (Sun Bank of Coral Gables) <br />$ 54,000 <br />Marketable Securities -- <br />138,600 <br />6,300 Shares Ryder System, Inc. @22 <br />62,500 <br />Less Margin a/c loans <br />Net <br />76,100 <br />100% of Equity in F & J Properties <br />Co. -(Balance Shaet attached) <br />194,000 <br />Investments in and Receivables from James A. <br />Ryder Corporation and Affiliates (net of <br />$300,000 discount for early settlement) <br />500,000 <br />Real Estate -- <br />Personal Residence - 13026 Nevada St., <br />Gables -by -the -Sea, Coral Gables, Florida <br />175,000 <br />Water Front Lot in Punta Gorda Isles, <br />Punta Gorda, Florida <br />20,000 <br />TOTAL ASSETS <br />1,019,100 <br />LIABILITIES <br />Unsecured Bank Loans -- <br />Ellis First Nat'l. Bank of Bradenton $ 9,000 <br />Sun Bank of Coral Gables 10,000 <br />6,000 <br />$ 25,000 <br />Community Bank of Homestead <br />Mortgage on Personal Residence <br />103,000 <br />Mortgage on Punta Gorda Lot <br />5,000 <br />Miscellaneous Other Debts <br />10,000 <br />Total Liabilitied _ <br />143,000 <br />Net Worth <br />876,100 <br />Total Liabilities and Net Worth r <br />$1,019,100 <br />SEP 2 01978 <br />