DISBURSEMENTS Since Lesay was employed full-time by another company, one employee, Mary Nielson, was hired. Nielson spent three-quarters of her time producing the chips and the remainder of her time on administrative duties. Nielson's salary for fiscal 2003 was $48,000 which was $1,800 higher than the year before. Since CC's inception, Lesay had paid herself a salary of $3,500 per month for the various administrative tasks she performed. Both individuals were paid on the first day of the month following the month when the work was performed i.e., work for the month of May is paid on June 1). The payroll records indicated that a total of $89,850 had been paid out in cash during fiscal 2003. DISBURSEMENTS Since Lesay was employed full-time by another company, one employee, Mary Nielson, was hired. Nielson spent three-quarters of her time producing the chips and the remainder of her time on administrative duties. Nielson's salary for fiscal 2003 was $48,000 which was $1,800 higher than the year before. Since CC's inception, Lesay had paid herself a salary of $3,500 per month for the various administrative tasks she performed. Both individuals were paid on the first day of the month following the month when the work was performed i.e., work for the month of May is paid on June 1). The payroll records indicated that a total of $89,850 had been paid out in cash during fiscal 2003