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Statement of Financial Accounting Standards No. 130 - page 55 / 57

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sale.  Enterprise continued to hold the bonds until December 31, 1999, at

which time they were sold at 92.2.  Enterprise prepared the following

schedules in relation to the bonds:

1997                                                          $1,073,000

1998   $1,073,000      $80,000       $69,745      $10,255      1,062,745

1999    1,062,745       80,000        69,078       10,922      1,051,823

1997   $1,073,000   $1,073,000     $       0

1998    1,062,745      961,000      (112,000)      $10,255     $(101,745)

1999    1,051,823      922,000       (39,000)       10,922       (28,078)

                  Net-of-Tax Holding Losses

              (Assume a Tax Rate of 30 Percent)

                                     Before        Income       Net of

Tax           Tax           Tax

Holding losses recognized in

other comprehensive income:

   Year ended December 31, 1998    $(101,745)      $30,523     $(71,222)

   Year ended December 31, 1999      (28,078)        8,423      (19,655)

Total loss                         $(129,823)      $38,946     $(90,877)

                                   =========       =======     ========

      Amounts Reported in Net Income and Other Comprehensive Income

       for the Years Ended December 31, 1998 and December 31, 1999

                                                   1998          1999

Net income:

   Interest income                              $  69,745     $   69,078

   Loss on sale of bonds                                        (129,823)

   Income tax (expense) benefit                   (20,923)        18,223

   Amounts realized in net income                  48,822        (42,522)

Other comprehensive income (OCI):

   Holding loss arising during period, net        (71,222)       (19,655)

    of    tax

   Reclassification adjustment, net of tax                        90,877

   Net (loss) gain recognized in other            (71,222)        71,222

    comprehensive income

Total impact on comprehensive income             $(22,400)     $  28,700

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