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SCHEDULE K-1 Shareholder's Share of Income, Credits, Deductions, etc. OMB No.1545-0130 <br /> (Form 1120S) ►See separate Instructions. <br /> Department of the Treasury For calendar year 1998 or tax year 1998 <br /> Internal Revenue Service beginning ,1998,and ending ,19 <br /> Shareholder's Identifying number ► 5 2 2-5 4-4 017 Corporation's Identifying number ► 8 4-0 9 5 6 3 4 0 <br /> Shareholder's name,address,and ZIP code Corporation's name,address,and ZIP code <br /> Kennith L. Lacey C & K of Fountain, Inc. <br /> 11485 Old Pueblo Road P. 0. Box 571 <br /> Fountain, CO 80817-3423 Fountain, CO 80817-0571 <br /> A Shareholder's percentage of stock ownership for tax year(see instructions for Schedule K-1) . .. .. . . . . . . . . .... . . . . . . ► 4 9.% <br /> B Internal Revenue Service Center where corporation filed its return ► Ogden, Utah <br /> C Tax shelter registration number(see instructions for Schedule K-1). . . ... . . ........... . . .. . . . . . .. . . . ... ► <br /> D Check applicable boxes: 1 Final K-1 2 Amended K-1 <br /> (a)Pro rats share items (b)Amount (c) Form 1040 filers enter <br /> the amount in col. (b)on: <br /> 1 Ordinary income(loss)from trade or business activities. . .. ... ... . . 1 86, 739 . See pages 4 and 5 <br /> 2 Net income(loss)from rental real estate activities. ..... . . . .. . .... . 2 In the Shareholder's <br /> In the <br /> for Schedule <br /> 3 Net income(loss)from other rental activities. . . ... . . . . . .. .. ... ... 3 K-1 (Form 1120S). <br /> 4 Portfolio income(loss): <br /> a Interest .. . . . . . . .. ........ ... . .... . ... ...... . . . .... ... . .. 4a 864 . Sch. B,Part I,line 1 <br /> b Ordinary dividends ..... ..... ... . .... . .... ...... . . ... ... . .. 4b Sch. B,Part ll,line 5 <br /> C Royalties. . . . . .......... ... ... . .... . ..... . .... .. ... .... . . 4C Sch. E,Part I,line 4 <br /> Income d Net short-term capital gain(loss) ... .. .. . . ... . .. .... ..... ... . . 4d Sch. D,line 5,col.(f) <br /> (Loss) a Net long-term capital gain(loss): <br /> (1) 28%rate gain(loss). .. ......... ... . . .... . ... .. .... .... . e 1 Sch. D,line 12,col.(g) <br /> (2) Total for year. ....... ..... .... .... . .... . . ........ . ... . e 2 Sch.D,line 12,col.(f) <br /> (Enter on applicable <br /> f Other portfolio income(loss)(attach schedule)..... . . ....... . .... 4f line of your return.) <br /> See Shareholder's <br /> Instructions for Schedule <br /> 5 Net section 1231 gain(loss)(other than due to casualty or theft) . .... 5 K-1 (Form 1120S). <br /> (Enter on applicable <br /> 6 Other Income(loss)(attach schedule). ... . . ... . . .. . . . . .. 6 line of your return.) <br /> 7 Charitable contributions(attach schedule) ... . .... . . ........ .... 7 Sch.A,line 15 or 16 <br /> Deduc- 8 Section 179 expense deduction .. . .. . . ... ... . . ..... . ... . .. . . . 8 See page 6 of the <br /> tions Shareholder's <br /> 9 Deductions related to portfolio income(loss)(attach schedule)... . . .. 9 Instructions for Schedule <br /> 10 Other deductions(attach schedule) ... .. . . ... . . .. . . ..... ... . .. 10 K-1 (Form 1120S). <br /> Invest- 11 a Interest expense on investment debts. ... .... . ... . . ..... ... ... . 11 a Form 4952,line 1 <br /> ment b 1 Investment income included on lines 4a,4b,4c,and 4f above... b 1 8 6 4 . See Shareholder's <br /> ( ) Instructions for Schedule <br /> Interest 2 Investment expenses included on line 9 above.. . . .... ... . ... b 2 K-1 (Form 1120S). <br /> 12a Credit for alcohol used as fuel.. . ... .... .... ... . ..... .... .... . 12a Form 6478,line 10 <br /> b Low-income housing credit: <br /> (1) From section 420)(5)partnerships for property placed in service — <br /> before 1990.. ......... .... . .. .... .... .... .. ....... ... b(l) <br /> (2) Other than on line 12b(1)for property placed in service before <br /> 199o . . . . . ....... .. .... ....... ... .......... .... ... . b 2 <br /> (3) From section 420)(5)partnerships for property placed in service Form 8586,line 5 <br /> after1989 . ......... .... ....... ... .... ..... ....... ... b 3 <br /> Credits (4) Other than on line 12b(3)for property placed in service after <br /> 1989 . . ... ........ ............ ... ................... b 4 <br /> C Qualified rehabilitation expenditures related to rental real estate <br /> activities .. . ........... . .... ................... ...... .... 12C <br /> d Credits(other than credits shown on lines 12b and 12c)related to See page 7 of the <br /> rental real estate activities.... . ...... ... ..... ... .... ....... .. 12d Shareholder's <br /> Instructions for Schedule <br /> e Credits related to other rental activities........ . ... . .. ..... ... .. 12e K-1 (Form 1120S). <br /> 13 Other credits. . ........ . .... .... ... .... .. . .... . . ...... .... 1 13 <br /> For Paperwork Reduction Act Notice,see the Instructions for Form 1120S. Schedule K-1 (Form 1120S)1998 <br /> Can 8 120SK112 NTF 18008 GLD 2876 <br /> Shareholder #2 <br />