| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DEFERRED FEDERAL EXCISE TAX | 36,517,000 | 39,856,000 |
| POSTRETIREMENT BENEFIT OBLIGATION | 21,777,305 | 22,047,460 |
| PAYROLL TAX PAYABLE | 2,522,230 | 2,896,973 |
| OTHER LIABILITIES | 2,315,483 | 2,510,632 |