<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: September 17, 1999
SUN TELEVISION AND APPLIANCES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Ohio 0-19269 31-1178151
- --------------- --------------------- --------------
(STATE OR OTHER (COMMISSION FILE NO.) (IRS EMPLOYER
JURISDICTION OF IDENTIFICATION
NUMBER)
INCORPORATION OR
ORGANIZATION)
6600 Port Road
Groveport, Ohio 43125
(614) 492-5600
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER
INCLUDING AREA CODE OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
Not Applicable
(FORMER NAME OR ADDRESS, IF CHANGED SINCE LAST REPORT)
<PAGE> 2
ITEM 5. OTHER EVENTS.
As previously reported on Form 8-K, on September 16, 1998, Sun
Television and Appliances, Inc. and its subsidiary Sun TV and Appliances, Inc.
(collectively, "Sun TV") filed voluntary petitions under Chapter 11 of the
United States Bankruptcy Code, Case No. 98-2107 (MFW) in the United States
Bankruptcy Court for the District of Delaware. Sun TV must file a Monthly
Operating Report ("MOR") with the Office of the United States Trustee. The MORs
for February 1999, March 1999, and April 1999 are attached hereto as Exhibits
99.1 through 99.3 and are incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
Exhibit No. Description
99.1 Monthly Operating Report for February 1999.
99.2 Monthly Operating Report for March 1999.
99.3 Monthly Operating Report for April 1999.
-2-
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SUN TELEVISION AND APPLIANCES, INC.
Date: September 17, 1999 By: /s/ Beth A. Savage
----------------------------------------
Beth A. Savage, Chief Financial Officer
<PAGE> 4
EXHIBIT INDEX
SUN TELEVISION AND APPLIANCES, INC.
FORM 8-K
Exhibit No. Description
99.1 Monthly Operating Report for February 1999.
99.2 Monthly Operating Report for March 1999.
99.3 Monthly Operating Report for April 1999.
<PAGE> 1
Exhibit 99.1
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-1
ACCRUAL BASIS - UNAUDITED
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING FEBRUARY 27, 1999
===============================================================================
<TABLE>
<CAPTION>
Document Previously Explanation
Required attachments Attached Submitted Attached
<S> <C> <C> <C>
1. Tax Receipts ( ) ( ) (N/A)
2. Bank Statements (X) ( ) ( )
3. Most recently filed ( ) (X) ( )
Income Tax Return
4. Most recent Annual Financial ( ) (X) ( )
Statements prepared by accountant
</TABLE>
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE
UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING
REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-9) AND THE ACCOMPANYING
ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT
AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY) IS
BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY:
/s/ Beth A. Savage Chief Financial Officer
- ------------------------------------------ --------------------------
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE
BETH A. SAVAGE 6/22/99
- ------------------------------------------ --------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER:
/s/ Donna M. Zianni Assistant Controller
- ------------------------------------------ --------------------------
ORIGINAL SIGNATURE OF PREPARER TITLE
DONNA M. ZIANNI 6/22/99
- ------------------------------------------ --------------------------
PRINTED NAME OF PREPARER DATE
All Chapter 11 debtors must file this report with the Court and serve a
copy on the United States Trustee no later than the 15th day of the month
following the end of the month covered by the report.
<PAGE> 2
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-2
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING FEBRUARY 27, 1999
COMPARATIVE BALANCE SHEET
(UNAUDITED)
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------
ASSETS DEC-98 JAN-99 FEB-99
---------------------------------------------
02-JAN-99 30-JAN-99 27-FEB-99
- ---------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. CASH 14,573,683 5,196,592 17,965,537
- ---------------------------------------------------------------------------------------------------
2. ACCOUNTS RECEIVABLE 9,810,932 28,279,075 4,967,110
- ---------------------------------------------------------------------------------------------------
3. INVENTORY 550,000 550,000 0
- ---------------------------------------------------------------------------------------------------
4. NOTES RECEIVABLE 0 0 0
- ---------------------------------------------------------------------------------------------------
5. PREPAID EXPENSES 3,707,133 3,563,930 3,456,619
- ---------------------------------------------------------------------------------------------------
6. OTHER (ATTACH LIST) 0 0 0
- ---------------------------------------------------------------------------------------------------
7. TOTAL CURRENT ASSETS 28,641,748 37,589,597 26,389,266
- ---------------------------------------------------------------------------------------------------
8. PROPERTY, PLANT & EQUIPMENT, net 0 0 0
- ---------------------------------------------------------------------------------------------------
9. ASSETS HELD FOR SALE 37,533,138 13,742,092 532,147
- ---------------------------------------------------------------------------------------------------
10. TOTAL PROPERTY, PLANT & EQUIP 37,533,138 13,742,092 532,147
- ---------------------------------------------------------------------------------------------------
11. DUE FROM AFFILIATES & INSIDERS 0 0 0
- ---------------------------------------------------------------------------------------------------
12. INTANGIBLES (ATTACH LIST) 0 0 0
- ---------------------------------------------------------------------------------------------------
13. OTHER (PREPAID FINANCE FEES) 2,383,121 2,212,898 0
- ---------------------------------------------------------------------------------------------------
14. TOTAL ASSETS 68,558,007 53,544,587 26,921,413
- ---------------------------------------------------------------------------------------------------
POSTPETITION LIABILITIES
- ---------------------------------------------------------------------------------------------------
15. ACCOUNTS PAYABLE & ACCRUALS 6,480,221 2,094,890 3,200,441
- ---------------------------------------------------------------------------------------------------
16. TAXES PAYABLE 1,372,452 461,823 42,638
- ---------------------------------------------------------------------------------------------------
17. NOTES PAYABLE 0 0 0
- ---------------------------------------------------------------------------------------------------
18. PROFESSIONAL FEES 0 0 0
- ---------------------------------------------------------------------------------------------------
19. SECURED DEBT 0 0 0
- ---------------------------------------------------------------------------------------------------
20. DUE TO AFFILIATES & INSIDERS 0 0 0
- ---------------------------------------------------------------------------------------------------
21. OTHER - (DEFERRED REVENUE from Service Policies) 0 0 0
- ---------------------------------------------------------------------------------------------------
22. TOTAL POSTPETITION
LIABILITIES 7,852,673 2,556,713 3,243,079
- ---------------------------------------------------------------------------------------------------
PREPETITION LIABILITIES
- ---------------------------------------------------------------------------------------------------
23. SECURED DEBT 6,323,010 3,582,022 0
- ---------------------------------------------------------------------------------------------------
24. PRIORITY DEBT 0 0 0
- ---------------------------------------------------------------------------------------------------
25. UNSECURED DEBT 74,450,744 74,127,358 57,722,151
- ---------------------------------------------------------------------------------------------------
26. OTHER 25,808,250 25,808,250 0
- ---------------------------------------------------------------------------------------------------
27. TOTAL PREPETITION LIABILITIES 106,582,004 103,517,630 57,722,151
- ---------------------------------------------------------------------------------------------------
28. TOTAL LIABILITIES 114,434,677 106,074,343 60,965,230
- ---------------------------------------------------------------------------------------------------
EQUITY
- ---------------------------------------------------------------------------------------------------
29. PREPETITION OWNERS' EQUITY (1,334,175) (1,334,175) (1,334,175)
- ---------------------------------------------------------------------------------------------------
30. POSTPETITION CUMULATIVE
PROFIT OR (LOSS) (44,542,495) (51,195,581) (32,709,642)
- ---------------------------------------------------------------------------------------------------
31. TOTAL EQUITY (DEFICIT) (45,876,670) (52,529,756) (34,043,817)
- ---------------------------------------------------------------------------------------------------
32. TOTAL LIABILITIES &
OWNERS' EQUITY 68,558,007 53,544,587 26,921,413
- ---------------------------------------------------------------------------------------------------
</TABLE>
Notes for month ending February 27, 1999:
Item 5: Prepaids primarily consist of the following: professional fees - $0.5
million and reserve held by credit card companies - $2.5 million.
Item 15: Includes legal and professional fees of approximately $2.1 million.
Item 23: BankBoston Term Loan was paid off using a portion of the proceeds from
the sale of certain real estate and assumption of certain leases by MTB
Corporation.
Item 25: Consists of Accounts Payable, Accrued Liabilities and Customer Refunds.
<PAGE> 3
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-3
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING FEBRUARY 27, 1999
INCOME STATEMENT
(UNAUDITED)
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------
REVENUES DEC-98 JAN-99 FEB-99
-----------------------------------------
02-JAN-99 30-JAN-99 27-FEB-99
- ------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. GROSS REVENUES 238,628 45,157 (601)
- ------------------------------------------------------------------------------------------
2. COST OF GOODS SOLD 6,504 61,578 21,565
- ------------------------------------------------------------------------------------------
3. GROSS PROFIT 232,124 (16,421) (22,166)
- ------------------------------------------------------------------------------------------
OPERATING EXPENSES
- ------------------------------------------------------------------------------------------
4. Payroll 683,558 561,114 206,946
- ------------------------------------------------------------------------------------------
5. Payroll Taxes 65,857 39,496 19,040
- ------------------------------------------------------------------------------------------
6. Employee Benefits (13,997) 8,369 156
- ------------------------------------------------------------------------------------------
7. Depreciation and Amortization 0 0 0
- ------------------------------------------------------------------------------------------
8. Occupancy Costs 105,378 391,883 458,023
- ------------------------------------------------------------------------------------------
9. Advertising 330,598 389,644 31,087
- ------------------------------------------------------------------------------------------
10. Store Delivery 8,264 0 (4,337)
- ------------------------------------------------------------------------------------------
11. Home Delivery (1,247) (985) 0
- ------------------------------------------------------------------------------------------
12. Financing Costs 314,663 394,025 385,253
- ------------------------------------------------------------------------------------------
13. Equipment Rental 141,853 103,845 71,497
- ------------------------------------------------------------------------------------------
14. Outsource Services 11,549 4,020 4,483
- ------------------------------------------------------------------------------------------
15. Taxes 256,722 2,431 0
- ------------------------------------------------------------------------------------------
16. Insurance 78,794 47,751 49,927
- ------------------------------------------------------------------------------------------
17. Legal and Professional 62,378 53,200 49,639
- ------------------------------------------------------------------------------------------
18. Impairment of Long-Lived Assets 0 0 0
- ------------------------------------------------------------------------------------------
19. Reversal of Restructuring Charge 0 0 0
- ------------------------------------------------------------------------------------------
20. Finance and other receivables write-off 0 0 1,649,752
- ------------------------------------------------------------------------------------------
21. Other (Attach List) 124,294 107,954 38,470
- ------------------------------------------------------------------------------------------
22. TOTAL OPERATING EXPENSES 2,168,664 2,102,747 2,959,936
- ------------------------------------------------------------------------------------------
23. OPERATING INCOME (1,936,540) (2,119,168) (2,982,102)
- ------------------------------------------------------------------------------------------
OTHER INCOME & EXPENSES
- ------------------------------------------------------------------------------------------
24. OTHER INCOME - Interest (2,816) (2,996) 0
- ------------------------------------------------------------------------------------------
25. OTHER EXPENSES (ATTACH LIST) 0 0 0
- ------------------------------------------------------------------------------------------
26. INTEREST EXPENSE 334,759 244,685 1,516
- ------------------------------------------------------------------------------------------
27. OTHER - Loss (gain) on sale of assets (483,098) 3,627,154 2,729,185
- ------------------------------------------------------------------------------------------
28. NET OTHER INCOME & EXPENSES (151,155) 3,868,843 2,730,701
- ------------------------------------------------------------------------------------------
29. LOSS BEFORE REORGANIZATION EXPENSES,
TAXES AND EXTRAORDINARY ITEM (1,785,385) (5,988,011) (5,712,803)
- ------------------------------------------------------------------------------------------
REORGANIZATION EXPENSES
- ------------------------------------------------------------------------------------------
30. PROFESSIONAL FEES 606,224 685,555 650,229
- ------------------------------------------------------------------------------------------
31. U.S. TRUSTEE FEES 9,750 0 0
- ------------------------------------------------------------------------------------------
32. INTEREST INCOME (14,024) (37,180) (59,589)
- ------------------------------------------------------------------------------------------
33. OTHER (ATTACH LIST) 8,679 16,700 0
- ------------------------------------------------------------------------------------------
34. TOTAL REORGANIZATION EXPENSES 610,629 665,075 590,640
- ------------------------------------------------------------------------------------------
35. INCOME TAX 0 0 0
- ------------------------------------------------------------------------------------------
36. LOSS BEFORE EXTRAORDINARY ITEM (2,396,014) (6,653,086) (6,303,443)
- ------------------------------------------------------------------------------------------
37. EXTRAORDINARY LOSS - EARLY EXTINGUISHMENT
OF DEBT 0 0 (1,568,359)
- ------------------------------------------------------------------------------------------
38. EXTRAORDINARY GAIN - RECOGNITION OF
DEFERRED SERVICE POLICY REVENUE 0 0 21,392,765
- ------------------------------------------------------------------------------------------
39. EXTRAORDINARY GAIN - ABANDONMENT OF
PROPERTY UNDER CAPITAL LEASE AND REJECTION
OF RELATED LEASE OBLIGATIONS 0 0 5,003,226
- ------------------------------------------------------------------------------------------
40. NET LOSS (2,396,014) (6,653,086) 18,524,189
- ------------------------------------------------------------------------------------------
</TABLE>
Notes for month ending February 27, 1999:
Item 21: Primarily consists of telephone, repairs/maintenance, supplies,
employee expenses and bank fees.
Item 27: See supporting schedules for MOR-3 detailing gain/loss on acquisition
of certain leases by Office Depot, MTB Corporation and Gregg
Appliances, and loss on sale of parts inventory to Boscov. Amount also
includes a loss of approximately $3.2 million on abandonment of
furniture, fixtures and leasehold improvements at store locations for
which Sun Television rejected leases.
<PAGE> 4
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-4
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING FEBRUARY 27, 1999
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------
DEC-98 JAN-99 FEB-99
CASH RECEIPTS AND ------------------------------------------------
DISBURSEMENTS 02-JAN-99 30-JAN-99 27-FEB-99
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. CASH-BEGINNING OF MONTH 18,671,744.35 12,192,000.98 5,254,547.74
- ---------------------------------------------------------------------------------------------------------------
RECEIPTS
- ---------------------------------------------------------------------------------------------------------------
2. CASH SALES 11,144,912.93 4,026,688.76 586,949.52
- ---------------------------------------------------------------------------------------------------------------
3. COLLECTION OF ACCOUNTS RECEIVABLE 720,053.45 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------
3a. Liquidator reimbursement for expenses paid by Sun 2,466,384.46 613,010.53 1,025,637.44
- ---------------------------------------------------------------------------------------------------------------
4. LOANS & ADVANCES (ATTACH LIST) 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------
5. SALE OF ASSETS 10,608,006.27 453,320.81 20,266,134.34
- ---------------------------------------------------------------------------------------------------------------
6. OTHER (Primarily Credit Card Receipts) 19,898,093.35 6,210,403.29 1,180,254.04
- ---------------------------------------------------------------------------------------------------------------
7. TOTAL RECEIPTS 44,837,450.46 11,303,423.39 23,058,975.34
- ---------------------------------------------------------------------------------------------------------------
8. TOTAL CASH AVAILABLE 63,509,194.81 23,495,424.37 28,313,523.08
- ---------------------------------------------------------------------------------------------------------------
CURRENT MONTH DISBURSEMENTS
- ---------------------------------------------------------------------------------------------------------------
02-JAN-99 30-JAN-99 30-JAN-99
- ---------------------------------------------------------------------------------------------------------------
PURPOSE AMOUNT AMOUNT AMOUNT
- ---------------------------------------------------------------------------------------------------------------
9. BANK FEES AND DEBT PAYDOWN 13,264,379.51 2,902,474.81 6,049,883.14
- ---------------------------------------------------------------------------------------------------------------
10. ADVERTISING 29,928.08 18,826.08 79,008.20
- ---------------------------------------------------------------------------------------------------------------
11. MERCHANDISE/PARTS 361,754.96 204,547.69 45,284.72
- ---------------------------------------------------------------------------------------------------------------
12. PAYROLL 2,768,411.49 585,589.80 243,658.73
- ---------------------------------------------------------------------------------------------------------------
13. STORE RENT 1,304,081.39 333,485.23 646,106.86
- ---------------------------------------------------------------------------------------------------------------
14. EQUIPMENT RENT 62,118.00 30,735.22 68,441.22
- ---------------------------------------------------------------------------------------------------------------
15. CONSTRUCTION 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------
16. EMPLOYEE EXPENSES/UNIFORMS 9,460.98 8,645.60 8,732.94
- ---------------------------------------------------------------------------------------------------------------
17. FREIGHT/POSTAGE 43,450.00 22,878.65 2,140.20
- ---------------------------------------------------------------------------------------------------------------
18. GASOLINE 0.00 0.00 32,200.24
- ---------------------------------------------------------------------------------------------------------------
19. HOTEL/AIR FARE 0.00 0.00 2,853.79
- ---------------------------------------------------------------------------------------------------------------
20. INSURANCE 228,956.31 253,760.66 198,455.98
- ---------------------------------------------------------------------------------------------------------------
21. WORKERS COMPENSATION 37,660.59 40,475.40 37,756.05
- ---------------------------------------------------------------------------------------------------------------
22. 401 K TRANSFER 38,527.05 17,121.96 0.00
- ---------------------------------------------------------------------------------------------------------------
23. MISCELLANEOUS 16,930.89 31,474.16 17,393.36
- ---------------------------------------------------------------------------------------------------------------
24. GARNISHMENTS 20,841.04 2,469.36 1,986.01
- ---------------------------------------------------------------------------------------------------------------
25. SUPPLIES/MAINTENANCE 4,539.05 0.00 15,366.57
- ---------------------------------------------------------------------------------------------------------------
26. CUSTOMER REFUNDS 21,860.39 0.00 534.97
- ---------------------------------------------------------------------------------------------------------------
27. SECURITY 16,473.05 1,872.06 4,226.06
- ---------------------------------------------------------------------------------------------------------------
28. TAXES 2,262,986.63 1,605,013.17 488,876.84
- ---------------------------------------------------------------------------------------------------------------
29. TEMPORARY HELP SERVICES 8,378.59 7,243.43 6,749.32
- ---------------------------------------------------------------------------------------------------------------
30. UTILITIES 501,991.32 254,689.87 208,877.36
- ---------------------------------------------------------------------------------------------------------------
31. WASTE REMOVAL 0.00 0.00 2,642.12
- ---------------------------------------------------------------------------------------------------------------
32. CONSULTING 0.00 0.00 33,279.69
- ---------------------------------------------------------------------------------------------------------------
33. THIRD PARTY SERVICERS 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------
34. PETTY CASH 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------
35. REBATES 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------
36. WARRANTY SERVICER 166,680.63 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------
37. Reimbursement to liquidators for sales at closing stores 30,644,522.43 10,939,838.02 2,578,106.25
- ---------------------------------------------------------------------------------------------------------------
38. U.S. TRUSTEE FEES 9,750.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------
39. PROFESSIONAL FEES 697,600.61 410,260.19 392,745.92
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
40. TOTAL DISBURSEMENTS 52,521,282.99 17,671,401.36 11,165,306.54
- ---------------------------------------------------------------------------------------------------------------
41. END OF MONTH BALANCE 12,192,000.98 5,254,547.74 17,855,845.23
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
Items 1 & 41: Beginning and Ending Cash balances reflect balances per bank
statements.
Items 9 - 40: Disbursements reflect wire and/or ACH transfers and checks written
during the period January 31, 1999 through February 27, 1999.
<PAGE> 5
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-5
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING FEBRUARY 27, 1999
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------
ACCOUNTS RECEIVABLE AGING
- --------------------------------------------------------------------------------
<S> <C>
0 - 30 days old 0.00
-----------------------------------------------------------
31 - 60 days old 0.00
-----------------------------------------------------------
61 - 90 days old 22,398.69
-----------------------------------------------------------
91+ days old 7,169,180.63
-----------------------------------------------------------
TOTAL ACCOUNTS RECEIVABLE 7,191,579.32
-----------------------------------------------------------
AMOUNTS CONSIDERED UNCOLLECTIBLE (3,417,211.30)
-----------------------------------------------------------
ACCOUNTS RECEIVABLE (NET) 3,774,368.02
- --------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------
AGING OF POST PETITION TAXES AND PAYABLES
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------
0-30 31-60 61-90 91+
DAYS DAYS DAYS DAYS TOTAL
- ---------------------------------------------------------------------------------------------------
ACCOUNTS PAYABLE (A) 1,543,079.00 500,000.00 400,000.00 800,000.00 3,243,079.00
- ---------------------------------------------------------------------------------------------------
</TABLE>
Note A: Sun's Accounts Payable system does not age the A/P; above aging
represents estimate based on review of the accounts payable detail.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------
STATUS OF POST PETITION TAXES
===============================================================================================
BEGINNING WITHHELD ENDING
TAX AND/OR AMOUNT TAX DELINQUENT
LIABILITY ACCRUED PAID LIABILITY TAXES
===============================================================================================
<S> <C> <C> <C> <C> <C>
FEDERAL
- -----------------------------------------------------------------------------------------------
WITHHOLDING** 0.00 34,596.73 34,596.73 0.00
- -----------------------------------------------------------------------------------------------
FICA-EMPLOYEE** 0.00 14,887.32 14,887.32 0.00
- -----------------------------------------------------------------------------------------------
FICA-EMPLOYER** 0.00 14,887.34 14,887.34 0.00
- -----------------------------------------------------------------------------------------------
UNEMPLOYMENT 0.00 753.65 753.65 0.00
- -----------------------------------------------------------------------------------------------
INCOME 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------
OTHER (ATTACH LIST) 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------
TOTAL FEDERAL TAXES 0.00 65,125.04 65,125.04 0.00 0.00
- -----------------------------------------------------------------------------------------------
STATE AND LOCAL
- -----------------------------------------------------------------------------------------------
WITHHOLDING 0.00 12,701.92 12,701.92 0.00
- -----------------------------------------------------------------------------------------------
SALES AND USE 461,823.35 42,637.61 461,823.35 42,637.61
- -----------------------------------------------------------------------------------------------
EXCISE 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------
MERCANTILE 10,311.43 0.00 0.00 10,311.43
- -----------------------------------------------------------------------------------------------
UNEMPLOYMENT 0.00 1,779.53 1,779.53 0.00
- -----------------------------------------------------------------------------------------------
REAL PROPERTY 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------
PERSONAL PROPERTY 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------
PENNSYLVANIA OCCUPATIONAL 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------
NEW YORK DISABILITY 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------
OTHER (ATTACH LIST) 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------
TOTAL STATE AND LOCAL 472,134.78 57,119.06 476,304.80 52,949.04 0.00
- -----------------------------------------------------------------------------------------------
TOTAL TAXES 472,134.78 122,244.10 541,429.84 52,949.04 0.00
- -----------------------------------------------------------------------------------------------
</TABLE>
* The beginning tax liability should represent the liability from the prior
month or, if this is the first operating report, the amount should be zero.
** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to
verify payment of deposit.
<PAGE> 6
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-6
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING FEBRUARY 27, 1999
THE DEBTOR IN POSSESSION MUST COMPLETE THE RECONCILIATION BELOW FOR EACH BANK
ACCOUNT, INCLUDING ALL GENERAL, PAYROLL AND TAX ACCOUNTS, AS WELL AS ALL SAVINGS
AND INVESTMENT ACCOUNTS, MONEY MARKET ACCOUNTS, CERTIFICATES OF DEPOSIT,
GOVERNMENT OBLIGATIONS, ETC. ACCOUNTS WITH RESTRICTED FUNDS SHOULD BE IDENTIFIED
BY PLACING AN ASTERISK NEXT TO THE ACCOUNT NUMBER. ATTACH ADDITIONAL SHEETS IF
NECESSARY.
<TABLE>
<CAPTION>
- ------------------------------------------------------------
BANK RECONCILIATION
<S> <C> <C> <C> <C>
ACCOUNT #1 ACCOUNT #2 ACCOUNT #3
- ------------------------------------------------------------ ----------------- ---------------- --------------------------------
A. BANK: See note below
----------------- ---------------- ---------------- TOTAL
B. ACCOUNT NUMBER:
----------------- ---------------- --------------------------------
C. PURPOSE (TYPE):
- ------------------------------------------------------------ ----------------- ---------------- ---------------- ---------------
1. BALANCE PER BANK STATEMENT
- ------------------------------------------------------------ ----------------- ---------------- ---------------- ---------------
2. ADD: TOTAL DEPOSITS NOT CREDITED
- ------------------------------------------------------------ ----------------- ---------------- ---------------- ---------------
3. SUBTRACT: OUTSTANDING CHECKS
- ------------------------------------------------------------ ----------------- ---------------- ---------------- ---------------
4. OTHER RECONCILING ITEMS (ATTACH LIST)
- ------------------------------------------------------------ ----------------- ---------------- ---------------- ---------------
5. MONTH END BALANCE PER BOOKS
- ------------------------------------------------------------ ----------------- ---------------- ---------------- ---------------
6. NUMBER OF LAST CHECK WRITTEN
- ------------------------------------------------------------ ----------------- ---------------- ---------------- ---------------
</TABLE>
Note: Bank Reconciliations for February 1999, copies of bank statements as of
the end of February for all bank accounts, and a summary of the activity
in each account are included with this MOR. See MOR-6 supporting
schedules.
<TABLE>
<CAPTION>
- ----------------------------------------------------------
INVESTMENT ACCOUNTS
- ----------------------------------------------------------------------------------------------------------------------------------
DATE OF TYPE OF PURCHASE CURRENT
BANK ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
7. NatCity Investments - 509394078 12/31/98 Govt. Money Market 1,205,716.87 1,205,716.87
- ----------------------------------------------------------------------------------------------------------------------------------
8. NatCity Investments - 509394035 12/31/98 Govt. Money Market 16,262,784.07 16,262,784.07
- ----------------------------------------------------------------------------------------------------------------------------------
9.
- ----------------------------------------------------------------------------------------------------------------------------------
10.
- ----------------------------------------------------------------------------------------------------------------------------------
11. TOTAL INVESTMENTS 17,468,500.94 17,468,500.94
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------
CASH
- ----------------------------------------------------------------------------------------------------------------------------------
12. CURRENCY ON HAND - per the Company's Bank Statements 87,344.29
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
13. TOTAL CASH-END OF MONTH (Total of lines 5, 11, & 12) 17,855,845.23
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 7
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-7
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING FEBRUARY 27, 1999
- --------------------------------------------------------------------------------
PAYMENTS TO INSIDERS AND PROFESSIONALS
- --------------------------------------------------------------------------------
OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS
(AS DEFINED IN SECTION 101(31)(A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO
PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION
PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE TRAVEL, CAR
ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY.
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------
INSIDERS
- ------------------------------------------------------------------------------------------ CUMULATIVE
TYPE OF AMOUNT UNPAID
NAME POSITION PAYMENT PAID BALANCE
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1. BETH SAVAGE CFO, Treasurer & Secretary salary $12,307.70 $0.00
- ---------------------------------------------------------------------------------------------------------
bonus $ 0.00
- ---------------------------------------------------------------------------------------------------------
expenses $ 61.38
- ---------------------------------------------------------------------------------------------------------
2. JIM ROMERO VP Operations salary $11,230.76 $0.00
- ---------------------------------------------------------------------------------------------------------
bonus $ 0.00
- ---------------------------------------------------------------------------------------------------------
expenses $ 0.00
- ---------------------------------------------------------------------------------------------------------
3. JAMES MORAN President expenses $ 6,447.56
- ---------------------------------------------------------------------------------------------------------
4. TOTAL PAYMENTS TO INSIDERS $30,047.40 $0.00
- ---------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
PROFESSIONALS
- --------------------------------------------------------------------------------------------------------------------------
TYPE DATE OF COURT
OF ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID
NAME PROFESSIONAL PAYMENT APPROVED PAID TO DATE
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1. Kirkland & Ellis Attorney 09/16/98 0.00 0.00 222,972.10
- --------------------------------------------------------------------------------------------------------------------------
2. Business Regeneration Services Accountant 09/16/98 0.00 0.00 493,967.69
- --------------------------------------------------------------------------------------------------------------------------
3. KPMG Peat Marwick LLP Accountant 09/16/98 0.00 0.00 72,678.00
- --------------------------------------------------------------------------------------------------------------------------
4. Otterbourg, Steindler, Houston & Attorney 09/16/98 0.00 0.00 218,860.92
- --------------------------------------------------------------------------------------------------------------------------
5. Porter, Wright, Morris & Arthur Attorney 09/16/98 0.00 0.00 40,348.52
- --------------------------------------------------------------------------------------------------------------------------
6. Young, Conaway, Stargatt & Attorney 09/16/98 0.00 0.00 36,998.42
- --------------------------------------------------------------------------------------------------------------------------
7. Donlin, Recano & Company, Inc. Claims Consultant 09/16/98 0.00 0.00 65,397.06
- --------------------------------------------------------------------------------------------------------------------------
8. Ernst & Young LLP Accountant 09/16/98 0.00 0.00 210,444.80
- --------------------------------------------------------------------------------------------------------------------------
9. TOTAL PAYMENTS TO PROFESSIONALS 0.00 0.00 1,361,667.51
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------
ADEQUATE PROTECTION PAYMENTS
- ---------------------------------------------------------------------------------------------------------------------
SCHEDULED AMOUNTS
MONTHLY PAID TOTAL
PAYMENTS DURING UNPAID
NAME OF CREDITOR DUE MONTH POSTPETITION
- ---------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. BankBoston Retail Finance, Inc. Term Loan Interest due the first day of 60,699.17 none
- ---------------------------------------------------------------------------------------------------------------------
2. each month
- ---------------------------------------------------------------------------------------------------------------------
3.
- ---------------------------------------------------------------------------------------------------------------------
4.
- ---------------------------------------------------------------------------------------------------------------------
5.
- ---------------------------------------------------------------------------------------------------------------------
6. TOTAL
- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 8
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-8
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING FEBRUARY 27, 1999
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------
QUESTIONNAIRE YES NO
- ----------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS
THIS REPORTING PERIOD? X
- ----------------------------------------------------------------------------------------------------------------
2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION
ACCOUNT? X
- ----------------------------------------------------------------------------------------------------------------
3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X
- ----------------------------------------------------------------------------------------------------------------
4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X
- ----------------------------------------------------------------------------------------------------------------
5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X
- ----------------------------------------------------------------------------------------------------------------
6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X
- ----------------------------------------------------------------------------------------------------------------
7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X
- ----------------------------------------------------------------------------------------------------------------
8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X
- ----------------------------------------------------------------------------------------------------------------
9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X
- ----------------------------------------------------------------------------------------------------------------
10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X
- ----------------------------------------------------------------------------------------------------------------
11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X
- ----------------------------------------------------------------------------------------------------------------
12. ARE ANY WAGE PAYMENTS PAST DUE? X
- ----------------------------------------------------------------------------------------------------------------
</TABLE>
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED
EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
<TABLE>
<CAPTION>
<S> <C>
Item #1 - Pursuant to Bankruptcy Court orders on or about January 26, 1999, January 13, 1999, and November 10, 1998, Office
- ---------------------------------------------------------------------------------------------------------------------------------
Depot, MTB Corporation and Gregg Appliances, respectively, purchased certain real estate holdings and acquired
- ---------------------------------------------------------------------------------------------------------------------------------
certain leases of Sun's stores. Pursuant to a Bankruptcy Court order on or about January 26, 1999, Boscov's Inc.
- ---------------------------------------------------------------------------------------------------------------------------------
acquired Sun's service parts inventory. See MOR-3 supporting schedules for analysis of the real estate, leases and
- ---------------------------------------------------------------------------------------------------------------------------------
parts inventory sold.
- ---------------------------------------------------------------------------------------------------------------------------------
Item #2 - In accordance with a first day motion approved by the Bankruptcy Court, Sun Television's existing pre-petition
- ---------------------------------------------------------------------------------------------------------------------------------
bank accounts are Debtor-in-Possession bank accounts.
- ---------------------------------------------------------------------------------------------------------------------------------
Item #11 - In connection with the closing of the sale of real estate to and acquisition of leases by Office Depot, Sun Television
paid outstanding pre-petition real estate taxes.
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------------------------------------------
INSURANCE YES NO
- -------------------------------------------------------------------------------
1. ARE WORKERS COMPENSATION, GENERAL LIABILITY AND OTHER
NECESSARY INSURANCE COVERAGES IN EFFECT? X
- -------------------------------------------------------------------------------
2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X
- -------------------------------------------------------------------------------
3. PLEASE ITEMIZE POLICIES BELOW. X
- -------------------------------------------------------------------------------
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES
HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE
AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
<TABLE>
<CAPTION>
Item 2: Note that approximately $10,000 in General Liability insurance premium related to several new stores opened during
- -----------------------------------------------------------------------------------------------------------------------------------
fiscal 1999 were NOT billed to the Company until subsequent to the Petition Date and are therefore included as a Pre-petition debt.
- -----------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
INSURANCE POLICIES
- --------------------------------------------------------------------------------------------------------------------------------
TYPE OF PAYMENT AMOUNT
POLICY CARRIER PERIOD COVERED & FREQUENCY
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Commercial Property & Casualty C N A 10/1/98 through 9/30/99 - $287,100 paid 10/1/98
- --------------------------------------------------------------------------------------------------------------------------------
- $192,463 due 1/1/99
- --------------------------------------------------------------------------------------------------------------------------------
and 4/1/99
- --------------------------------------------------------------------------------------------------------------------------------
Directors & Officers Liability Genesis Insurance Co. 7/21/98 through 7/21/99 - $199,000 paid in full
- --------------------------------------------------------------------------------------------------------------------------------
7/27/98
- --------------------------------------------------------------------------------------------------------------------------------
Workers Compensation EBI Companies 10/19/97 through 10/18/98 - $21,101 for 12/97&1/98
- --------------------------------------------------------------------------------------------------------------------------------
- $28,364 per month for
- --------------------------------------------------------------------------------------------------------------------------------
2/98 - 8/98
- --------------------------------------------------------------------------------------------------------------------------------
Workers Compensation EBI Companies 10/19/98 through 11/18/98 (A) - $41,958 paid 11/2/98
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
Workers Compensation Various State Funds 11/19/98 through final store - $113,740 paid 11/13/98
- --------------------------------------------------------------------------------------------------------------------------------
closing date in various states (B)
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Note A: EBI granted Sun Television a 30 day
extension on the WC policy.
Note B: Sun applied for state fund coverage in
Pennsylvania, Indiana, Virginia, New
York and Kentucky. No coverage was
necessary for Tennessee as final store
closed in that state on November 8,
1998. Sun was required to apply for
State Fund coverage for WC due to the
EBI Companies denying coverage after the
30 day extension period. Sun is still
self-insured in Ohio and West Virginia.
As of the end of February, Sun was in
the process of arranging for final
audits on its workers compensation
accounts in all states except Ohio in
order to close the accounts.
<PAGE> 9
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-9
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING FEBRUARY 27, 1999
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------
PERSONNEL
- ---------------------------------------------------------------------------------------------------------
FULL TIME PART TIME TOTAL
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Total number of employees at beginning of period 57 0 57
- ---------------------------------------------------------------------------------------------------------
2. Number of employees hired during the period 0 0 0
- ---------------------------------------------------------------------------------------------------------
3. Number of employees terminated or resigned during the period (9) 0 (9)
- ---------------------------------------------------------------------------------------------------------
4. Total number of employees on payroll at end of period 48 0 48
- ---------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
CHANGE OF ADDRESS
- --------------------------------------------------------------------------------
If your mailing address has changed and you have not previously notified
the United States Trustee of the change, list your new address below:
DATE OF CHANGE: _______N/A______________
NEW ADDRESS: ___________________N/A________________________
<PAGE> 10
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
FEBRUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULE FOR MOR-3
CALCULATION OF GAIN ON ACQUISITION OF LEASES BY
OFFICE DEPOT
<PAGE> 11
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(Debtors-in-Possession)
Case No. 98-2107 and 98-2109
MOR-3 SUPPORTING SCHEDULE
CALCULATION OF GAIN ON ACQUISITION OF LEASES BY OFFICE DEPOT
<TABLE>
<CAPTION>
PROCEEDS TO BE RECEIVED FROM OFFICE DEPOT:
- ------------------------------------------
<S> <C> <C>
Total Purchase Price $ 1,053,117
Adjustments to Proceeds:
Fixed rent adjustment credited to Sun Television 65,028
Landlord cure payments (47,615)
Property tax adjustments for 1998 and pro-rated 1999 (43,040)
Common area maintenance charges credited to Office Depot (9,852)
Utilities and misc. expenses credited to Office Depot (25,148)
Closing costs (1,550)
-----------
Total Adjustments to Proceeds (62,177)
-----------
Total Proceeds to be Received $ 990,940
===========
GAIN ON SALE OF PROPERTIES:
- ---------------------------
Net book value of properties acquired by Office Depot $ 387,039
Closing costs 1,550
-----------
388,589
Purchase price 1,053,117
-----------
GAIN ON SALE OF PROPERTIES $ 664,528
===========
PROCEEDS RECEIVED FROM OFFICE DEPOT:
- ------------------------------------
Deposit $ 162,403
February 5, 1999 funding 675,112
Released from escrow March 2, 1999 69,811
-----------
Total proceeds received 907,326
Escrow balance 83,614
-----------
Total proceeds to be received $ 990,940
===========
</TABLE>
<PAGE> 12
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
FEBRUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-3
CALCULATION OF GAIN ON ACQUISITION OF LEASE BY
MTB CORPORATION
<PAGE> 13
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(Debtors-in-Possession)
Case No. 98-2107 and 98-2109
MOR-3 SUPPORTING SCHEDULE
CALCULATION OF GAIN ON ACQUISITION OF LEASE BY MTB CORPORATION
<TABLE>
<CAPTION>
PROCEEDS TO BE RECEIVED FROM MTB CORPORATION:
- ---------------------------------------------
<S> <C> <C>
Total Purchase Price $ 375,000
Adjustments to Proceeds:
Landlord settlement payment (125,000)
Building repairs credited to MTB Corporation (2,508)
---------
Total Adjustments to Proceeds (127,508)
---------
Total Proceeds to be Received $ 247,492
=========
GAIN ON SALE OF PROPERTY:
- -------------------------
Net book value of property acquired by MTB Corporation $ 76,092
Landlord settlement 125,000
Building repairs paid through closing 2,508
---------
203,600
Purchase price 375,000
---------
GAIN ON SALE OF PROPERTY $ 171,400
=========
PROCEEDS RECEIVED FROM MTB CORPORATION:
- ---------------------------------------
February 9, 1999 funding $ 233,902
Refund received from New Plan Realty - March 19, 1999 13,590
---------
Total proceeds received 247,492
=========
</TABLE>
<PAGE> 14
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
FEBRUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULE FOR MOR-3
CALCULATION OF LOSS ON ACQUISITION OF LEASES BY
GREGG APPLIANCES, INC.
<PAGE> 15
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(Debtors-in-Possession)
Case No. 98-2107 and 98-2109
MOR-3 SUPPORTING SCHEDULE
CALCULATION OF LOSS ON ACQUISITION OF LEASES BY GREGG APPLIANCES, INC.
<TABLE>
<CAPTION>
PROCEEDS TO BE RECEIVED FROM GREGG APPLIANCES, INC.:
- ----------------------------------------------------
<S> <C> <C>
Total Purchase Price $ 200,000
Adjustments to Proceeds:
Landlord cure payments (15,619)
Mechanic's lien (50,615)
Closing costs 13,416
---------
Total Adjustments to Proceeds (52,818)
---------
Total Proceeds to be Received $ 147,182
=========
LOSS ON SALE OF PROPERTIES:
- ---------------------------
Net book value of properties acquired by Gregg Appliances, Inc. $ 378,603
Closing costs (13,416)
---------
365,187
Purchase price 200,000
---------
LOSS ON SALE OF PROPERTIES ($165,187)
=========
PROCEEDS RECEIVED FROM GREGG APPLIANCES,INC.:
- ---------------------------------------------
February 10, 1999 funding $ 147,182
=========
</TABLE>
<PAGE> 16
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
FEBRUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULE FOR MOR-3
CALCULATION OF LOSS ON SALE OF SERVICE PARTS
INVENTORY TO BOSCOV'S, INC.
<PAGE> 17
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(Debtors-in-Possession)
Case No. 98-2107 and 98-2109
MOR-3 SUPPORTING SCHEDULE
CALCULATION OF LOSS ON SALE OF SERVICE PARTS INVENTORY TO BOSCOV'S, INC.
LOSS ON SALE OF SERVICE PARTS INVENTORY:
- ----------------------------------------
Book value of service parts inventory acquired by Boscov's, Inc. $ 550,000
Purchase price 171,500
---------
LOSS ON SALE OF SERVICE PARTS INVENTORY ($378,500)
=========
PROCEEDS RECEIVED FROM BOSCOV'S, INC.:
- --------------------------------------
December 31, 1998 funding $ 52,500
February 2, 1999 funding 119,000
---------
TOTAL PROCEEDS $ 171,500
=========
<PAGE> 18
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
FEBRUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-4
SUMMARY OF BANK STATEMENT ACTIVITY
<PAGE> 19
<TABLE>
<CAPTION>
Debtor: MOR-4 Supporting Schedule Case No. 98-02107
Sun Television and Appliances, Inc. and 98-02109
Sun TV and Appliances, Inc. Jointly Administered
BANK BANKBOSTON BANKBOSTON NATIONAL CITY
ACCOUNT NAME BRF, INC. FOR BBRF AS AGENT FOR
PROCEEDS FROM SUN TV
SUN TV & APPLIANCES CASH COLLATERAL CONCENTRATION
ACCOUNT NUMBER 804-81979 898-28038 394035037
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
BALANCE 1/30/99 75,000.00 864,290.32 1,700.40
STORE DEPOSITS 586,949.52
TRANSFERS FROM SMALL BANKS 290,138.29
CREDIT CARD DEPOSITS, NET 1,180,254.04
MTB CORPORATION - REAL ESTATE PROCEEDS 13,101,976.42
OFFICE DEPOT - REAL ESTATE PROCEEDS 837,515.41
H.H. GREGG - REAL ESTATE PROCEEDS 147,181.44
BOSCOV - SERVICE PARTS INVENTORY PROCEEDS 119,000.00
GENCO - DEFECTIVE INVENTORY PROCEEDS 10,577.93
UNIVERSAL/PETTERS - EXPENSE REIMBURSEMENT 1,025,637.44
TRANSFERS TO/FROM BANKBOSTON A/C 898-28038 (339,728.57) (103,805.97) --
TSF TO BANKBOSTON A/C 804-81979
WIRE TSF TO UNIVERSAL/PETTERS - STORE RECEIPTS (59,005.21) (1,259,550.52)
WIRE TSF TO SUN TV CONCENTRATION ACCOUNT (854,026.80) (701,473.14) 1,555,499.94
WIRE TSF TO VENDORS (990,736.42)
WIRE TSF TO NCB A/CS - P/R, W/C, HEALTH INS, PROF FEES (240,957.02)
WIRE TSF FROM/TO SUN TV SEI INVESTMENT FUND (13,800,000.00)
CHECKS PAID (1,385,110.90)
BANKBOSTON LEGAL FEES REFUNDED 48,107.48
WIRES OUT - DIRECT DEP. & P/R TAX
NSF CHECKS (2,217.64)
BANK/CREDIT CARD FEES (6.00) (3,387.06)
- -----------------------------------------------------------------------------------------------------------------------------
BALANCE 2/27/99 72,076.60 -- 31,746.78
================================================================
Beginning of month balance - above accounts 1,303,889.17
Beginning of month balance - small banks 300,089.20
------------
Beginning of month balance - all accounts 1,603,978.37
============
End of month balance - above accounts 378,689.90
End of month balance - small banks 8,654.39
------------
End of month balance - all accounts 387,344.29
============
</TABLE>
<TABLE>
<CAPTION>
BANK NATIONAL CITY NATIONAL CITY NATIONAL CITY NATIONAL CITY HUNTINGTON NAT'L
ACCOUNT NAME
WORKERS HEALTH PROFESSIONAL OLD
COMPENSATION PAYROLL INSURANCE FEES PAYROLL
ACCOUNT NUMBER 3941035053 394035045 394034958 394078205 01891448090
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
BALANCE 1/30/99 20,028.17 67,655.85 69,173.10 1,000.00 205,041.33
STORE DEPOSITS
TRANSFERS FROM SMALL BANKS
CREDIT CARD DEPOSITS, NET
MTB CORPORATION - REAL ESTATE PROCEEDS
OFFICE DEPOT - REAL ESTATE PROCEEDS
H.H. GREGG - REAL ESTATE PROCEEDS
BOSCOV - SERVICE PARTS INVENTORY PROCEEDS
GENCO - DEFECTIVE INVENTORY PROCEEDS
UNIVERSAL/PETTERS - EXPENSE REIMBURSEMENT
TRANSFERS TO/FROM BANKBOSTON A/C 898-28038
TSF TO BANKBOSTON A/C 804-81979
WIRE TSF TO UNIVERSAL/PETTERS -
STORE RECEIPTS
WIRE TSF TO SUN TV CONCENTRATION ACCOUNT
WIRE TSF TO VENDORS
WIRE TSF TO NCB A/CS - P/R, W/C,
HEALTH INS, PROF FEES 21,260.79 219,696.23 (69,173.10)
WIRE TSF FROM/TO SUN TV SEI INVESTMENT FUND
CHECKS PAID (23,990.38) (92,356.04) (113.63)
BANKBOSTON LEGAL FEES REFUNDED
WIRES OUT - DIRECT DEP. & P/R TAX (143,355.80)
NSF CHECKS
BANK/CREDIT CARD FEES
- ----------------------------------------------------------------------------------------------------------------------------------
BALANCE 2/27/99 17,298.58 51,640.24 -- 1,000.00 204,927.70
====================================================================================
</TABLE>
<PAGE> 20
<TABLE>
<CAPTION>
DEBTOR: MOR-4 SUPPORTING SCHEDULE CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
BALANCE TOTAL
STORE # NAME BANK ACCOUNT 1/31/99 CREDITS NSF CKS
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
217 FINDLAY OHIO BANK 7067480 $ 14,433.20 $ - $ -
239 LIMA BANK ONE 021012644 39,056.97
240 ERIE PNC 61-0169-0677 89,267.01
242 BECKLEY BANK ONE WEST 625599303 44,581.92
245 PARKERSBURG WESBANCO 310798542 19,153.29
258/62 CHARLESTON/HUNTINGTON HUNTINGTON BANK 1221021524 77,947.29 (979.42)
270 COLUMBUS,IN IRWIN UNION BANK. 39658034 1,110.70
272 RICHMOND, KY NATIONAL CITY BANK 354073282 14,538.82
------------------------------------------
GRAND TOTALS $ 300,089.20 $ - $ (979.42)
==========================================
<CAPTION>
Debtor: MOR-4 Supporting Schedule Case No. 98-02107
Sun Television and Appliances, Inc. and 98-02109
Sun TV and Appliances, Inc. Jointly Administered
BALANCE
STORE # NAME BANK ACCOUNT BANK FEES TRANSFERS 2/28/99
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
217 FINDLAY OHIO BANK 7067480 $ - $ (13,000.00) $ 1,433.20
239 LIMA BANK ONE 021012644 (14.61) (38,000.00) 1,042.36
240 ERIE PNC 61-0169-0677 (89,267.01) -
242 BECKLEY BANK ONE WEST 625599303 (43,000.00) 1,581.92
245 PARKERSBURG WESBANCO 310798542 (18,000.00) 1,153.29
258/62 CHARLESTON/HUNTINGTON HUNTINGTON BANK 1221021524 (124.12) (75,000.00) 1,843.75
270 COLUMBUS,IN IRWIN UNION BANK. 39658034 1,110.70
272 RICHMOND, KY NATIONAL CITY BANK 354073282 (49.65) (14,000.00) 489.17
----------------------------------------------
GRAND TOTALS $ (188.38) $(290,267.01) $ 8,654.39
==============================================
</TABLE>
<PAGE> 21
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
FEBRUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-4
ANALYSIS OF BANKBOSTON TERM LOAN
<PAGE> 22
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS IN POSSESSION
CASE NO. 98-2107 AND 98-2109
FOR THE MONTH ENDING FEBRUARY 27, 1999
MOR-4 SUPPORTING SCHEDULE
ANALYSIS OF BANKBOSTON TERM LOAN DURING PERIOD
BALANCE AT 1/30/99 3,764,183.97
PAYDOWN ON 2/1/99 (3,764,183.9(1)
------------
BALANCE AT 2/27/99, PER BANK STATEMENT --
UNAMORTIZED DISCOUNT --
------------
BALANCE AT 2/27/99, PER FINANCIAL STATEMENTS --
============
(1) Represents proceeds from sale of real estate to MTB applied to the term
loan.
<PAGE> 23
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
FEBRUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-4
DETAIL LISTING OF ACH AND WIRE TRANSFERS
<PAGE> 24
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS IN POSSESSION
CASE NO. 98-2107 AND 98-2109
FOR THE MONTH ENDING FEBRUARY 27, 1999
(Covering the period January 31, 1999 through February 27, 1999)
MOR-4 SUPPORTING SCHEDULE
SUMMARY OF ACH AND WIRE TRANSFERS DURING PERIOD
<TABLE>
<CAPTION>
Type Date Vendor Amount ACH/Wire
---- ---- ------ ------ --------
<S> <C> <C> <C> <C> <C>
Equipment Rental 2/5/99 Ameritech 66,483.81 Wire
----------------
Total Equipment Rental 66,483.81
----------------
Freight 2/1/99 Salem Logistics 1,230.00 Wire
Freight 2/26/99 Salem Logistics 884.95 Wire
-----------------
Total Freight 2,114.95
-----------------
Insurance 2/8/99 Medical Mutual 15,605.06 Wire
Insurance 2/12/99 Medical Mutual 22,911.03 Wire
Insurance 2/18/99 Medical Mutual 12,990.25 Wire
Insurance 2/26/99 Medical Mutual 15,752.24 Wire
-----------------
Total Insurance 67,258.58
-----------------
Liquidators 2/1/99 Universal/Petters 30,226.82 Wire
Liquidators 2/2/99 Universal/Petters 181,953.76 Wire
Liquidators 2/3/99 Universal/Petters 239,685.76 Wire
Liquidators 2/3/99 Universal/Petters 115,756.66 Wire
Liquidators 2/8/99 Universal/Petters 237,133.31 Wire
Liquidators 2/9/99 Universal/Petters 160,390.55 Wire
Liquidators 2/10/99 Universal/Petters 69,575.72 Wire
Liquidators 2/12/99 Universal/Petters 224,827.91 Wire
-----------------
Total Liquidators 1,259,550.52
-----------------
Payroll 2/11/99 ADP 128,495.41 ACH
Payroll 2/25/99 ADP 91,200.82 ACH
-----------------
Total Payroll 219,696.23
-----------------
Professional 2/3/99 Business Regeneration 137,646.32 Wire
Professional 2/3/99 The Hausman Companies 254,520.71 Wire
-----------------
Total Professional 392,167.03
-----------------
Rent 2/3/99 Oxford Development 51,650.69 Wire
-----------------
Total Rent 51,650.69
-----------------
Sales Tax 2/19/99 PA Sales Tax 1,295.70 ACH
Sales Tax 2/23/99 Ohio Sales Tax 409,765.66 ACH
-----------------
Total Sales Tax 411,061.36
-----------------
Workers Comp 2/25/99 M&N Risk Management 21,260.79 ACH
-----------------
Total Workers Compensation 21,260.79
-----------------
TOTAL WIRE AND ACH TRANSFERS 2,491,243.96
=================
</TABLE>
1 of 1
<PAGE> 25
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
FEBRUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-4
DETAIL LISTING OF CHECKS WRITTEN
<PAGE> 26
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(Debtors-In-Possession)
Case No. 98-2107 and 98-2109
MOR-4 SUPPORTING SCHEDULE
POST-PETITION CHECKS FOR THE PERIOD 1/31/99 THROUGH 2/27/99
(Associate payroll checks are not included)
<TABLE>
<CAPTION>
- ---------------------
Check Date
- ---------------------
YEAR MON DAY CHECK# PAYEE TYPE AMOUNT
- ------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
99 2 18 713033 ACTIONAD AERIAL SIGNS Advertising 250.00
99 2 26 713205 ADVO INC Advertising 2,850.17
99 2 5 712834 AKRON BEACON JOURNAL Advertising 8,904.34
99 2 26 713193 ASSOCIATED PRESS Advertising 6,046.53
99 2 26 713201 CHILLICOTHE GAZETTE Advertising 10,692.30
99 2 26 713199 COLUMBUS DISPATCH Advertising 17,221.42
99 2 18 713117 DWIGHT YAEGER TYPOGRAPHER INC Advertising 239.54
99 2 26 713197 DYMENT DISTRIBUTION SERVICES Advertising 11,160.00
99 2 18 713026 FRONTIERVISION ADVERTISING Advertising 13.60
99 2 18 713045 FRONTIERVISION ADVERTISING Advertising 702.10
99 2 26 713200 INSIGHT MEDIA ADVERTISING Advertising 6,327.40
99 2 18 713046 MARCUS MEDIA Advertising 561.00
99 2 18 713074 REGISTER PUBLICATIONS Advertising 103.11
99 2 16 712975 S K ADVERTISING Advertising 2,478.00
99 2 26 713203 TCI MEDIA SERVICES Advertising 2,318.01
99 2 11 712908 THE HERALD-DISPATCH Advertising 764.08
99 2 26 713202 THE JEFFERSONIAN COMPANY INC Advertising 1,873.40
99 2 18 713102 THE OGDEN NEWSPAPERS INC Advertising 14.85
99 2 11 712910 THE REPUBLIC Advertising 230.08
99 2 18 713112 TIMES PUBLISHING CO Advertising 309.64
99 2 11 712911 VINCENT PRINTING COMPANY INC Advertising 92.13
99 2 18 713116 WLIO TELEVISION Advertising 346.38
99 2 23 713150 WTOV TV Advertising 4,547.50
99 2 18 713021 WVVA TELEVISION Advertising 714.00
99 2 18 713032 WZAZ 98.9 Advertising 248.62
- ------------------------------------------------------------------------------------------------------------------
Advertising 79,008.20
- ------------------------------------------------------------------------------------------------------------------
99 2 2 712828 JADE INC Consulting 1,284.69
99 2 2 712815 MAPSYS INC Consulting 10,560.00
99 2 23 713145 OPEN TECHNOLOGY GROUP INC Consulting 21,435.00
- ------------------------------------------------------------------------------------------------------------------
Consulting 33,279.69
- ------------------------------------------------------------------------------------------------------------------
99 2 16 712973 ARLINGTON LAWNCARE INC Contract Labor 2,466.10
99 2 18 713014 AUTHORIZED SERVICE INC Contract Labor 175.00
99 2 18 713081 DAVE KRANNICH Contract Labor 262.00
99 2 18 713088 EVERBRITE INC. Contract Labor 210.00
99 2 18 713095 IBM Contract Labor 359.55
99 2 26 713204 PTG LOGISTICS Contract Labor 830.14
99 2 26 713195 SUNRISE INDUSTRIES Contract Labor 1,269.40
99 2 10 712894 TAILORED MANAGEMENT Contract Labor 1,113.53
99 2 18 713113 TERMINIX INTERNATIONAL Contract Labor 63.60
- ------------------------------------------------------------------------------------------------------------------
Contract Labor 6,749.32
- ------------------------------------------------------------------------------------------------------------------
99 2 8 712859 AMERITECH CREDIT CORPORATION Equipment Rental 1,017.63
99 2 18 713047 HART SYSTEMS INC Equipment Rental 78.75
99 2 15 712931 J R CAMPBELL EQUIPMENT CO Equipment Rental 399.37
99 2 18 713103 PENSKE TRUCK LEASING CO., L.P. Equipment Rental 461.66
- ------------------------------------------------------------------------------------------------------------------
Equipment Rental 1,957.41
- ------------------------------------------------------------------------------------------------------------------
99 2 5 712835 INTERNATIONAL ASSET RECOVERY I Furniture & Equipment 14,152.80
- ------------------------------------------------------------------------------------------------------------------
Furniture & Equipment 14,152.80
- ------------------------------------------------------------------------------------------------------------------
99 2 11 712913 CHAPTER 13 TRUSTEE Garnishment 401.08
99 2 24 713175 CHAPTER 13 TRUSTEE Garnishment 154.62
99 2 11 712914 FRANKLIN COUNTY C S E A Garnishment 606.85
99 2 24 713171 FRANKLIN COUNTY C S E A Garnishment 606.85
99 2 24 713173 JUDY CASERTA Garnishment 28.31
99 2 11 712915 PHEAA Garnishment 94.15
99 2 24 713172 PHEAA Garnishment 94.15
- ------------------------------------------------------------------------------------------------------------------
Garnishment 1,986.01
- ------------------------------------------------------------------------------------------------------------------
99 2 10 712896 ACORDIA/MCELROY-MINISTER Insurance 92,333.56
99 2 8 712865 CIGNA DENTAL HEALTH, INC. Insurance 5,918.46
99 2 9 712888 THE PMA GROUP Insurance 32,945.38
- ------------------------------------------------------------------------------------------------------------------
Insurance 131,197.40
- ------------------------------------------------------------------------------------------------------------------
99 2 18 713017 AMERIHOST INN PARKERSBURG Lodging 75.18
99 2 18 713069 COMFORT INN Lodging 224.07
</TABLE>
1 of 6
<PAGE> 27
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(Debtors-In-Possession)
Case No. 98-2107 and 98-2109
MOR-4 SUPPORTING SCHEDULE
POST-PETITION CHECKS FOR THE PERIOD 1/31/99 THROUGH 2/27/99
(Associate payroll checks are not included)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
99 2 18 713060 CROSS COUNTRY INN Lodging 98.10
99 2 18 713051 RAMADA INN BECKLEY Lodging 98.10
99 2 8 712860 RED ROOF INN OF ZANESVILLE Lodging 1,365.89
99 2 25 713183 RED ROOF INN OF ZANESVILLE Lodging 248.95
99 2 18 713105 RED ROOF INNS INC Lodging 472.60
99 2 18 713018 SHONEY'S INN-BECKLEY Lodging 112.71
99 2 18 713079 WHEELING INN Lodging 158.19
- ----------------------------------------------------------------------------------------------------------------------
Lodging 2,853.79
- ----------------------------------------------------------------------------------------------------------------------
99 2 26 713190 A B C FIRE EXTINGUISHER CO Maintenance 35.47
99 2 26 713192 ADVANCE SIGN GROUP Maintenance 2,992.82
99 2 18 713039 BRUNER CORPORATION Maintenance 207.00
99 2 18 713043 BUSINESS CREDIT LEASING Maintenance 265.64
99 2 18 713035 BYERS CHEVROLET Maintenance 60.91
99 2 18 713062 CROWN FLOOR MAINTENANCE INC CO Maintenance 68.90
99 2 23 713156 EDDIE'S GLASS Maintenance 1,283.15
99 2 18 713087 ENGINEERING EXCELLENCE INC Maintenance 323.75
99 2 18 713091 GENERAL EXTERMINATING CO Maintenance 38.16
99 2 18 713098 H E NEUMANN CO Maintenance 227.00
99 2 18 713094 INGERSOLL LANDSCAPE & LAWN Maintenance 37.01
99 2 18 713097 LAWSON PRODUCTS INC Maintenance 42.76
99 2 18 713008 NAPA Maintenance 313.11
99 2 18 713099 OBETZ HARDWARE Maintenance 35.44
99 2 18 713019 OTIS ELEVATOR COMPANY Maintenance 163.97
99 2 18 713025 ROTO ROOTER SERVICES COMPANY Maintenance 69.00
99 2 18 713111 S A COMUNALE CO INC Maintenance 114.00
99 2 18 713109 SENSORMATIC Maintenance 433.10
99 2 18 713110 SSC TOOL & SUPPLY CO Maintenance 50.63
99 2 18 713022 T & D CLEANING SERVICE Maintenance 466.40
- ----------------------------------------------------------------------------------------------------------------------
Maintenance 7,228.22
- ----------------------------------------------------------------------------------------------------------------------
99 2 9 712871 AUVICASE AMERICA INC Merchandise 22,522.50
99 2 9 712872 ERICSSON INC. (ACCESSORIES) Merchandise 1,776.00
99 2 9 712873 EUREKA COMPANY Merchandise 50.21
99 2 9 712870 LARAL GROUP LLC Merchandise 1,792.00
99 2 9 712874 METRA Merchandise 12,183.95
- ----------------------------------------------------------------------------------------------------------------------
Merchandise 38,324.66
- ----------------------------------------------------------------------------------------------------------------------
99 2 25 713186 BOWNE OF CLEVELAND INC Miscellaneous 2,378.32
99 2 18 713071 CORPORATE INVESTOR CMMNCTN INC Miscellaneous 6.06
2 18 713082 DEAN WITTER REYNOLDS Maintenance 172.72
2 18 713027 DONATOS PIZZA, INC. Maintenance 290.57
99 2 12 712925 MARY J CHISLOM Miscellaneous 15.26
99 2 18 713080 SALOMON SMITH BARNEY Miscellaneous 204.33
99 2 18 713023 SCAN Miscellaneous 173.30
- ----------------------------------------------------------------------------------------------------------------------
Miscellaneous 3,240.56
- ----------------------------------------------------------------------------------------------------------------------
99 2 18 713012 AADAMS APPLIANCE SERVICE INC Parts 141.74
99 2 18 713028 AMERICAN ACTION Parts 45.25
99 2 18 713083 AUDIO VIDEO DEPOT Parts 174.80
99 2 18 713006 AVANTI PRODUCTS INC Parts 189.52
99 2 18 713038 BLUE CHIP ELECTRONICS Parts 129.90
99 2 18 713066 CAPITAL CITY APPLIANCE SERVICE Parts 132.91
99 2 18 713085 CARE CO Parts 152.29
99 2 18 713042 CINCINNATI COMPUTER SERVICE Parts 94.50
99 2 18 713058 DIGITAL WEST MARKETING INC Parts 207.25
99 2 18 713078 EPSON ACCESSORIES INC Parts 51.88
99 2 18 713061 EXCEL DISTRIBUTING INC Parts 43.03
99 2 18 713093 HATZLACHH SUPPLY INC Parts 78.00
99 2 18 713092 HITACHI HOME ELECTRONICS Parts 11.77
99 2 18 713053 MACMALL Parts 103.00
99 2 24 713160 MARCONE APPLIANCE PARTS CENTER Parts 4,450.41
99 2 18 713100 ONKYO USA CORPORATION Parts 107.38
99 2 26 713208 PC SERVICESOURCE Parts 557.76
99 2 18 713114 UNITED REF SERVICE INC Parts 288.67
- ----------------------------------------------------------------------------------------------------------------------
Parts 6,960.06
- ----------------------------------------------------------------------------------------------------------------------
99 2 12 712917 AUTOMATIC DATA PROCESSING Payroll 23,027.13
99 2 16 712972 AUTOMATIC DATA PROCESSING Payroll 299.39
</TABLE>
2 of 6
<PAGE> 28
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(Debtors-In-Possession)
Case No. 98-2107 and 98-2109
MOR-4 SUPPORTING SCHEDULE
POST-PETITION CHECKS FOR THE PERIOD 1/31/99 THROUGH 2/27/99
(Associate payroll checks are not included)
<TABLE>
<CAPTION>
<S> <C><C> <C> <C> <C>
99 2 24 713158 AUTOMATIC DATA PROCESSING Payroll 635.98
- -------------------------------------------------------------------------------------------------------------
Payroll 23,962.50
- -------------------------------------------------------------------------------------------------------------
99 2 8 712866 FEDERAL EXPRESS Postage 13.75
99 2 18 713123 FEDERAL EXPRESS Postage 11.50
- -------------------------------------------------------------------------------------------------------------
Postage 25.25
- -------------------------------------------------------------------------------------------------------------
99 2 25 713188 SANTORO & REINSEL LLC Professional 578.89
- -------------------------------------------------------------------------------------------------------------
Professional 578.89
- -------------------------------------------------------------------------------------------------------------
99 2 2 712812 ALLEN COUNTY TREASURER Property Tax 27,053.49
- -------------------------------------------------------------------------------------------------------------
Property Tax 27,053.49
- -------------------------------------------------------------------------------------------------------------
99 2 2 712823 HOLT, BRIAN Refund 534.97
- -------------------------------------------------------------------------------------------------------------
Refund 534.97
- -------------------------------------------------------------------------------------------------------------
99 2 9 712877 BRITTAIN LIMITED PARTNERSHIP Rent 24,218.75
99 2 1 712805 COLONY SQUARE OF MAYFIELD Rent 21,421.77
99 2 19 713132 COLONY SQUARE OF MAYFIELD Rent 10,710.88
99 2 12 712921 DREXEL DELAWARE LP Rent 16,870.00
99 2 15 712933 DUKE REALTY LIMITED PRTNRSHP Rent 82,021.02
99 2 4 712832 EARLE W KAZIS ASSOCIATES INC Rent 15,528.00
99 2 12 712918 F & G INVESTMENT GROUP Rent 11,331.00
99 2 1 712804 FRANKLIN SQUARE Rent 13,133.52
99 2 19 713131 FRANKLIN SQUARE Rent 6,774.99
99 2 12 712924 GLIMCHER HOLDINGS LTD Rent 92,206.17
99 2 9 712876 HUNTINGTON MALL Rent 11,419.40
99 2 26 713212 HUNTINGTON MALL Rent 11,419.40
99 2 12 712919 ISSAC PROPERTY COMPANY,L.P. Rent 11,687.09
99 2 12 712922 J J GUMBERG CO Rent 11,906.70
99 2 26 713210 MARION CENTER LIMITED Rent 3,790.91
99 2 1 712806 MET LIFE CFC Rent 25,560.50
99 2 19 713133 MET LIFE CFC Rent 12,780.00
99 2 8 712868 NEW PLAN REALTY TRUST Rent 26,883.92
99 2 12 712923 NEW PLAN REALTY TRUST Rent 13,589.56
99 2 1 712807 ROSEMONT COMMONS LIMITED Rent 27,462.86
99 2 19 713134 ROSEMONT COMMONS LIMITED Rent 12,754.31
99 2 2 712820 ROUNDY'S INC Rent 13,605.00
99 2 1 712808 WAL MART STORES INC Rent 9,209.06
99 2 2 712821 WAL MART STORES INC Rent 13,383.74
99 2 10 712897 WAL MART STORES INC Rent 60,121.06
99 2 19 713135 WAL MART STORES INC Rent 4,606.03
99 2 26 713213 WAL MART STORES INC Rent 30,060.53
- -------------------------------------------------------------------------------------------------------------
Rent 594,456.17
- -------------------------------------------------------------------------------------------------------------
99 2 12 712920 DEPT. OF TAX AND REVENUE Sales Tax 28,871.69
99 2 16 712977 TREASURER OF STATE OF OHIO Sales Tax 19,548.61
99 2 1 712810 VIRGINIA DEPT OF TAXATION Sales Tax 2,341.69
- -------------------------------------------------------------------------------------------------------------
Sales Tax 50,761.99
- -------------------------------------------------------------------------------------------------------------
99 2 18 713011 ADT SECURITY SYSTEMS Security 426.15
99 2 23 713137 ADT SECURITY SYSTEMS Security 773.08
99 2 26 713198 BRINKS INCORPORATED Security 1,873.12
99 2 18 713041 BROOKS ARMORED CAR SERVICE,INC Security 206.46
99 2 18 713020 GREAT LAKES ARMORED INC. Security 80.00
99 2 18 713030 HONEYWELL INC. Security 229.69
99 2 18 713031 KOORSEN PROTECTION SERVICES Security 157.93
99 2 18 713106 REGAL*ACCESS*METRON CO INC Security 25.38
99 2 18 713108 SONITROL OF CENTRAL OHIO Security 184.25
99 2 18 713073 SONITROL OF LEXINGTON INC Security 240.00
99 2 18 713048 SONITROL SECURITY SYSTEMS Security 30.00
- -------------------------------------------------------------------------------------------------------------
Security 4,226.06
- -------------------------------------------------------------------------------------------------------------
99 2 18 713016 AQUA PURE BOTTLED WATER Supplies 155.69
99 2 18 713005 ARAMARK UNIFORM SERVICES INC Supplies 634.26
99 2 18 713009 ARAMARK UNIFORM SERVICES INC Supplies 54.63
99 2 18 713010 ARAMARK UNIFORM SERVICES INC Supplies 28.13
99 2 18 713013 ARAMARK UNIFORM SERVICES INC Supplies 36.79
99 2 18 713015 ARAMARK UNIFORM SERVICES INC Supplies 37.02
99 2 26 713191 ARAMARK UNIFORM SERVICES INC Supplies 23.41
99 2 18 713084 COMMERCIAL DISTRIBUTION CTR Supplies 249.70
99 2 18 713065 COMPUSERVE INC Supplies 97.37
</TABLE>
3 of 6
<PAGE> 29
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(Debtors-In-Possession)
Case No. 98-2107 and 98-2109
MOR-4 SUPPORTING SCHEDULE
POST-PETITION CHECKS FOR THE PERIOD 1/31/99 THROUGH 2/27/99
(Associate payroll checks are not included)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
99 2 18 713077 COYNE TEXTILE SERVICES Supplies 38.96
99 2 18 713076 DELILLE Supplies 4.61
99 2 18 713075 ELEKTRO KOPY EXPRESS Supplies 436.16
99 2 10 712895 FASTENERS FOR RETAIL INC Supplies 2,506.96
99 2 26 713206 GBS Supplies 3,210.97
99 2 18 713029 GEER GAS CORP Supplies 7.03
99 2 18 713090 GRAPHIC INDUSTRIES INC Supplies 27.62
99 2 18 713044 IKON OFFICE SOLUTIONS Supplies 66.46
99 2 18 713057 IKON OFFICE SOLUTIONS INC Supplies 16.48
99 2 18 713096 INDUSTRIAL UNIFORM RENTAL Supplies 28.62
99 2 18 713059 LAUREN INDUSTRIES INC Supplies 202.68
99 2 18 713054 MOUNTAIN VALLEY WATER Supplies 9.01
99 2 18 713104 PORTA KLEEN Supplies 149.56
99 2 26 713196 PRAX-AIR Supplies 34.08
99 2 18 713115 VINCE'S GAS & WELDING SPPY CO Supplies 12.20
99 2 8 712863 ZEE MEDICAL SERVICE, INC Supplies 69.95
- --------------------------------------------------------------------------------------------------------------------------
Supplies 8,138.35
- --------------------------------------------------------------------------------------------------------------------------
99 2 23 713138 BROWNING FERRIS INC Trash Removal 332.12
99 2 15 712935 FIREPROOF RECORDS CENTER Trash Removal 2,310.00
- --------------------------------------------------------------------------------------------------------------------------
Trash Removal 2,642.12
- --------------------------------------------------------------------------------------------------------------------------
99 2 18 713036 AERIAL COMMUNICATIONS Utilities 49.21
99 2 19 713126 AERIAL COMMUNICATIONS Utilities 5.00
99 2 17 712979 AKRON PUBLIC UTILITIES BUREAU Utilities 61.50
99 2 18 713120 ALLEGHENY POWER-PA Utilities 1,072.00
99 2 24 713159 ALLEGHENY POWER-PA Utilities 729.82
99 2 8 712843 AMERICAN ELECTRIC POWER Utilities 18,331.01
99 2 8 712853 AMERICAN ELECTRIC POWER Utilities 11,591.37
99 2 15 712942 AMERICAN ELECTRIC POWER Utilities 70.72
99 2 16 712947 AMERICAN ELECTRIC POWER Utilities 2,567.43
99 2 16 712956 AMERICAN ELECTRIC POWER Utilities 3,360.18
99 2 16 712959 AMERICAN ELECTRIC POWER Utilities 2,701.76
99 2 16 712965 AMERICAN ELECTRIC POWER Utilities 3,700.80
99 2 16 712966 AMERICAN ELECTRIC POWER Utilities 7,899.17
99 2 16 712968 AMERICAN ELECTRIC POWER Utilities 4,705.87
99 2 16 712971 AMERICAN ELECTRIC POWER Utilities 57.03
99 2 23 713141 AMERICAN ELECTRIC POWER Utilities 1,146.63
99 2 23 713147 AMERICAN ELECTRIC POWER Utilities 844.76
99 2 16 712976 AMERITECH Utilities 42.93
99 2 18 713007 AMERITECH Utilities 572.27
99 2 25 713185 AMERITECH Utilities 6,461.11
99 2 18 713119 AMERITECH CABS ACCOUNTS Utilities 3,900.24
99 2 18 713050 AT & T WIRELESS SERVICES Utilities 125.63
99 2 16 712960 BECKLEY WATER COMPANY Utilities 53.15
99 2 25 713181 BELL ATLANTIC WV Utilities 327.76
99 2 18 713121 BELL ATLANTIC/NYNEX Utilities 305.50
99 2 18 713037 BELL ATLANTIC-PA Utilities 624.49
99 2 25 713178 BELL ATLANTIC-PA Utilities 484.26
99 2 8 712838 BELMONT CNTY SNTRY SWR DSTRCT Utilities 54.90
99 2 23 713139 BELMONT CNTY SNTRY SWR DSTRCT Utilities 14.17
99 2 24 713161 BELMONT CNTY SNTRY SWR DSTRCT Utilities 42.90
99 2 25 713180 CHILLICOTHE TELEPHONE CO Utilities 438.04
99 2 8 712845 CHILLICOTHE UTILITIES Utilities 109.52
99 2 16 712948 CHILLICOTHE UTILITIES Utilities 16.43
99 2 23 713143 CHILLICOTHE UTILITIES Utilities 13.67
99 2 18 713070 CINCINNATI BELL TELEPHONE Utilities 875.65
99 2 17 712991 CITY OF CHARLESTON Utilities 158.08
99 2 8 712846 CITY OF CUYAHOGA FALLS Utilities 452.34
99 2 9 712882 CITY OF CUYAHOGA FALLS Utilities 101.28
99 2 15 712939 CITY OF CUYAHOGA FALLS Utilities 350.98
99 2 8 712841 CITY OF HEATH-WATER&SEW Utilities 54.36
99 2 24 713162 CITY OF HEATH-WATER&SEW Utilities 6.96
99 2 17 712990 CITY OF STEUBENVILLE UTLT OFFC Utilities 7.52
99 2 18 713064 CITY OF VIENNA Utilities 58.99
99 2 9 712881 CITY OF WARREN UTILITY SERVICE Utilities 52.04
</TABLE>
4 of 6
<PAGE> 30
<TABLE>
<S> <C> <C> <C> <C> <C>
99 2 23 713144 CITY OF WARREN UTILITY SERVICE Utilities 37.50
99 2 8 712844 CITY OF ZANESVILLE UTILITIES Utilities 232.97
99 2 9 712880 CITY OF ZANESVILLE UTILITIES Utilities 64.10
99 2 23 713142 CITY OF ZANESVILLE UTILITIES Utilities 24.04
99 2 16 712952 COLUMBIA GAS OF KENTUCKY Utilities 79.01
99 2 8 712842 COLUMBIA GAS OF OHIO-COLUMBUS Utilities 5,076.73
99 2 9 712879 COLUMBIA GAS OF OHIO-COLUMBUS Utilities 2,028.85
99 2 15 712938 COLUMBIA GAS OF OHIO-COLUMBUS Utilities 1,103.81
99 2 17 712988 COLUMBIA GAS OF OHIO-COLUMBUS Utilities 1,915.04
99 2 23 713140 COLUMBIA GAS OF OHIO-COLUMBUS Utilities 5.57
99 2 24 713163 COLUMBIA GAS OF OHIO-COLUMBUS Utilities 1,145.12
99 2 18 713067 COLUMBIA GAS OF PENNSYLVANIA Utilities 170.78
99 2 8 712840 COLUMBUS CITY TREASURER Utilities 437.99
99 2 15 712937 COLUMBUS CITY TREASURER Utilities 580.38
99 2 16 712974 COLUMBUS CITY TREASURER Utilities 215.84
99 2 17 712987 COLUMBUS CITY TREASURER Utilities 451.21
99 2 19 713127 COLUMBUS CITY TREASURER Utilities 380.13
99 2 17 712983 COLUMBUS CITY UTILITIES Utilities 178.53
99 2 8 712855 CONSUMERS OHIO WATER COMPANY Utilities 30.63
99 2 15 712944 CONSUMERS OHIO WATER COMPANY Utilities 10.23
99 2 17 713000 CONSUMERS OHIO WATER COMPANY Utilities 26.25
99 2 23 713148 CONSUMERS OHIO WATER COMPANY Utilities 4.28
99 2 24 713169 CONSUMERS OHIO WATER COMPANY Utilities 25.96
99 2 17 712992 DUQUESNE LIGHT CO Utilities 1,323.92
99 2 8 712847 EAST OHIO GAS CO Utilities 1,314.10
99 2 9 712883 EAST OHIO GAS CO Utilities 71.63
99 2 16 712955 EAST OHIO GAS CO Utilities 232.05
99 2 16 712967 EAST OHIO GAS CO Utilities 4,312.72
99 2 24 713166 EAST OHIO GAS CO Utilities 42.78
99 2 17 712994 ENRON CAPITAL & TRADE RESOURCE Utilities 815.54
99 2 17 712993 EQUITABLE GAS CO Utilities 2,298.54
99 2 16 712951 FRANKFORT ELECTRIC & WATER Utilities 1,375.23
99 2 8 712848 FRANKLIN CNTY SANIT ENG Utilities 141.38
99 2 16 712949 FRANKLIN CNTY SANIT ENG Utilities 31.51
99 2 8 712856 GPU ENERGY Utilities 3,013.15
99 2 9 712886 GPU ENERGY Utilities 1,084.77
99 2 16 712953 GREEN RIVER ELECTRIC CO Utilities 1,356.83
99 2 25 713184 GTE NORTH Utilities 2,547.18
99 2 18 713063 GTE WIRELESS Utilities 9.14
99 2 3 712830 HUNTINGTON MALL Utilities 3,507.61
99 2 18 713040 ICG TELECOM GROUP, INC Utilities 180.67
99 2 25 713179 ICG TELECOM GROUP, INC Utilities 1,247.22
99 2 8 712839 ISSAC PROPERTY COMPANY,L.P. Utilities 1,113.30
99 2 17 712996 J J GUMBERG CO Utilities 58.65
99 2 17 712986 KENTUCKY UTILITIES CO Utilities 320.53
99 2 8 712837 LANCASTER UTILITIES COLLECTION Utilities 932.21
99 2 16 712946 LANCASTER UTILITIES COLLECTION Utilities 977.63
99 2 17 712980 LEGAL TAX SERVICE Utilities 28.98
99 2 8 712850 MAHONING CTY SNTRY ENGINEER Utilities 27.14
99 2 15 712940 MAHONING CTY SNTRY ENGINEER Utilities 1.17
99 2 2 712816 MOUNTAINEER GAS Utilities 667.25
99 2 8 712861 MOUNTAINEER GAS Utilities 1,698.66
99 2 16 712962 MOUNTAINEER GAS Utilities 561.62
99 2 8 712852 NATIONAL FUEL Utilities 1,175.85
99 2 9 712885 NATIONAL FUEL Utilities 1,713.87
99 2 17 712997 NATIONAL FUEL Utilities 1,676.04
99 2 8 712851 NATIONAL GAS & OIL CORP Utilities 1,269.91
99 2 15 712941 NATIONAL GAS & OIL CORP Utilities 1,482.35
99 2 24 713167 NATIONAL GAS & OIL CORP Utilities 547.45
99 2 25 713182 NEXTLINK OHIO Utilities 2,473.96
99 2 16 712961 NORTH BECKLEY PUBLIC SERVICE Utilities 39.24
99 2 17 712998 NYSEG Utilities 9,903.67
99 2 8 712854 OHIO EDISON CO Utilities 5,691.43
99 2 15 712943 OHIO EDISON CO Utilities 4,230.20
</TABLE>
5 of 6
<PAGE> 31
<TABLE>
<S> <C> <C> <C> <C> <C>
99 2 16 712957 OHIO EDISON CO Utilities 2,350.36
99 2 17 712999 OHIO EDISON CO Utilities 1,266.69
99 2 24 713168 OHIO EDISON CO Utilities 4,069.42
99 2 18 713049 OWENSBORO MUNICIPAL UTILITIES Utilities 225.62
99 2 19 713128 PENN POWER Utilities 632.11
99 2 17 713001 PENNSYLVANIA AMERICA WATER CO Utilities 569.22
99 2 16 712969 PNGCO Utilities 2,577.14
99 2 17 712985 RICHMOND WATER GAS & SEWERAGE Utilities 492.85
99 2 2 712817 SOUTH CENTRAL POWER CO. Utilities 25,588.76
99 2 25 713177 SPRINT Utilities 3,972.84
99 2 17 712989 STARK COUNTY SEWER DEPT Utilities 358.02
99 2 24 713164 STARK COUNTY SEWER DEPT Utilities 154.18
99 2 8 712857 SUMMIT TWNSHP SEWER AUTHORITY Utilities 92.93
99 2 23 713149 SUMMIT TWNSHP SEWER AUTHORITY Utilities 21.12
99 2 8 712849 THE ILLUMINATING COMPANY Utilities 2,310.71
99 2 9 712884 THE ILLUMINATING COMPANY Utilities 2,855.46
99 2 17 712995 THE ILLUMINATING COMPANY Utilities 9,373.24
99 2 23 713146 THE ILLUMINATING COMPANY Utilities 73.98
99 2 17 712984 TOWN OF CHRISTIANSBURG Utilities 161.03
99 2 17 712982 UNITED CITIES GAS COMPANY Utilities 180.44
99 2 17 712981 VIRGINIA POWER Utilities 225.36
99 2 2 712814 WESTERN KENTUCKY GAS COMPANY Utilities 349.03
99 2 16 712954 WESTERN KENTUCKY GAS COMPANY Utilities 60.10
99 2 2 712818 WV-AMERICAN WATER CO Utilities 148.50
99 2 8 712862 WV-AMERICAN WATER CO Utilities 214.18
99 2 16 712963 WV-AMERICAN WATER CO Utilities 115.81
99 2 17 713003 WV-AMERICAN WATER CO Utilities 116.80
- ------------------------------------------------------------------------------------------------------------------
Utilities 208,877.36
- ------------------------------------------------------------------------------------------------------------------
99 2 26 713194 BP OIL CO Vehicle Fuel 32,002.96
99 2 18 713086 ENGLEFIELD OIL COMPANY Vehicle Fuel 43.27
99 2 18 713056 SPEEDWAY SUPERAMERICA LLC Vehicle Fuel 154.01
- ------------------------------------------------------------------------------------------------------------------
Vehicle Fuel 32,200.24
- ------------------------------------------------------------------------------------------------------------------
99 2 11 712909 BUREAU OF WORKERS'COMPENSATION Workers' Comp 16,495.26
- ------------------------------------------------------------------------------------------------------------------
Workers' Comp 16,495.26
- ------------------------------------------------------------------------------------------------------------------
99 2 10 712903 ALTMAN, ROBERT L Employee Expense 68.00
99 2 10 712902 ANDERSON,CHRISTOPHER J Employee Expense 50.00
99 2 2 712825 BALL,PATTY Employee Expense 21.95
99 2 10 712899 BALL,PATTY Employee Expense 55.10
99 2 2 712826 BARKER,PETER B Employee Expense 261.52
99 2 23 713152 CHET WILSON Employee Expense 61.07
99 2 18 713122 CRAIG MIDDLEMUS Employee Expense 32.41
99 2 23 713151 CRAIG MIDDLEMUS Employee Expense 42.11
99 2 9 712889 GEORGE STOUT Employee Expense 250.00
99 2 10 712905 HAYDEN,JEFFREY P Employee Expense 75.71
99 2 10 712892 JAMES MORAN Employee Expense 4,753.68
99 2 24 713165 JAMES MORAN Employee Expense 1,693.88
99 2 10 712901 KENNEDY,LONNY Employee Expense 14.85
99 2 9 712890 LANCE SHAW Employee Expense 250.00
99 2 18 713124 MEL GIBSON Employee Expense 352.84
99 2 19 713129 MIKE LARIMER Employee Expense 118.80
99 2 15 712929 PETE BARKER Employee Expense 118.59
99 2 23 713153 PETE BARKER Employee Expense 103.43
99 2 25 713187 PETE BARKER Employee Expense 78.91
99 2 23 713154 ROBERT ALTMAN Employee Expense 68.00
99 2 10 712904 SAVAGE,BETH A Employee Expense 61.38
99 2 10 712900 THOMPSON,BILL DEAN Employee Expense 127.00
99 2 10 712906 WILSON,CHESTER J Employee Expense 73.71
- -------------------------------------------------------------------------------------------------------------------------------
Employee Expense 8,732.94
- -------------------------------------------------------------------------------------------------------------------------------
TOTAL POST-PETITION CHECKS SENT $ 1,305,623.71
TOTAL VOIDS 132,982.96
TOTAL POST-PETITION CHECKS CUT $ 1,438,606.67
</TABLE>
6 OF 6
<PAGE> 32
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
FEBRUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-5
PAYROLL TAXES-FOR FEBRUARY 1999
<PAGE> 33
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(Debtors-in-Possession)
Case No. 98-2107 and 98-2109
MOR-5 SUPPORTING SCHEDULE
PAYROLL TAXES PAYMENT - SUPPORTING DOCUMENTATION
For the month ending February 27, 1999
<TABLE>
<CAPTION>
Deposit Federal Employee Employer
Date Income Tax FICA Tax FICA Tax Totals
----------------- ------------------ ----------------- ----------------- -----------------
<S> <C> <C> <C> <C> <C>
17-Feb-99 $21,609.74 $8,761.74 $8,761.73 $39,133.21
02-Mar-99 $12,986.99 $6,125.58 $6,125.61 $25,238.18
------------------ ----------------- ----------------- -----------------
$34,596.73 $14,887.32 $14,887.34 $64,371.39
================== ================= ================= =================
</TABLE>
<PAGE> 34
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
FEBRUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-6
FEBRUARY 1999 BANK RECONCILIATIONS
<PAGE> 35
<TABLE>
<CAPTION>
DEBTOR: MOR-6 SUPPORTING SCHEDULE CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. FEBRUARY BANK RECONCILIATIONS AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
A. BANK: THE OHIO BANK BANK ONE PNC BANK ONE WEST
B. ACCOUNT NUMBER: 7067480 021012644 61-0169-0677 625599303
C. PURPOSE (TYPE): STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT 1,433.20 1,042.36 - 1,581.92
2. ADD: TOTAL DEPOSITS NOT CREDITED - - - -
3. ADD: OUTSTANDING WIRE TRANSFERS - - - -
4. SUBTRACT: OUTSTANDING CHECKS N/A N/A N/A N/A
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS - - - -
6. OTHER RECONCILING ITEMS - - - -
7. ADJUSTED BANK BALANCE 1,433.20 1,042.36 - 1,581.92
8. MONTH END BALANCE PER BOOKS 1,433.20 1,042.36 1,267.01 1,581.92
9. LESS: NSF CHECKS - - - -
10. LESS: BANK/CREDIT CARD FEES - - - -
11. ADD/(LESS): DEPOSIT DIFFERENCES - - - -
12. OTHER RECONCILING ITEMS (ATTACH LIST) - - (1,267.01) -
13. ADJUSTED BALANCE PER BOOKS 1,433.20 1,042.36 - 1,581.92
14. NUMBER OF LAST CHECK WRITTEN N/A N/A N/A N/A
</TABLE>
1 of 4
<PAGE> 36
<TABLE>
<CAPTION>
DEBTOR: MOR-6 SUPPORTING SCHEDULE CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. FEBRUARY BANK RECONCILIATIONS AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
A. BANK: WESBANCO HUNTINGTON IRWIN UNION NATIONAL CITY
B. ACCOUNT NUMBER: 310798542 1221021524 39658034 354073282
C. PURPOSE (TYPE): STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT 1,153.29 1,843.75 1,110.70 489.17
2. ADD: TOTAL DEPOSITS NOT CREDITED - - - -
3. ADD: OUTSTANDING WIRE TRANSFERS - - - -
4. SUBTRACT: OUTSTANDING CHECKS N/A N/A N/A N/A
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS - - - -
6. OTHER RECONCILING ITEMS - - - -
7. ADJUSTED BANK BALANCE 1,153.29 1,843.75 1,110.70 489.17
8. MONTH END BALANCE PER BOOKS 1,153.29 1,843.75 1,110.70 489.17
9. LESS: NSF CHECKS - - - -
10. LESS: BANK/CREDIT CARD FEES - - - -
11. ADD/(LESS): DEPOSIT DIFFERENCES - - - -
12. OTHER RECONCILING ITEMS (ATTACH LIST) - - - -
13. ADJUSTED BALANCE PER BOOKS 1,153.29 1,843.75 1,110.70 489.17
14. NUMBER OF LAST CHECK WRITTEN N/A N/A N/A N/A
</TABLE>
2 of 4
<PAGE> 37
<TABLE>
<CAPTION>
DEBTOR: MOR-6 SUPPORTING SCHEDULE CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. FEBRUARY BANK RECONCILIATIONS AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
A. BANK: BANKBOSTON BANKBOSTON NATIONAL CITY NATIONAL CITY
B. ACCOUNT NUMBER: 804-81979 898-28038 394035037 3941035053
C. PURPOSE (TYPE): BBRF PROCEEDS CASH COLLATERAL CONCENTRATION WORKERS COMP
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT 72,076.60 - 31,746.78 17,298.58
2. ADD: TOTAL DEPOSITS NOT CREDITED - - 45,252.37 22,673.46
3. ADD: OUTSTANDING WIRE TRANSFERS - - - -
4. SUBTRACT: OUTSTANDING CHECKS N/A N/A (487,091.60) (26,417.63)
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS - - - -
6. OTHER RECONCILING ITEMS 339,728.57 165,000.00 - -
7. ADJUSTED BANK BALANCE 411,805.17 165,000.00 (410,092.45) 13,554.41
8. MONTH END BALANCE PER BOOKS 411,805.17 165,000.00 (405,800.86) 17,102.52
9. LESS: NSF CHECKS - - - -
10. LESS: BANK/CREDIT CARD FEES - - - -
11. ADD/(LESS): DEPOSIT DIFFERENCES - - - -
12. OTHER RECONCILING ITEMS (ATTACH LIST) - - (4,291.59) (3,548.11)
13. ADJUSTED BALANCE PER BOOKS 411,805.17 165,000.00 (410,092.45) 13,554.41
14. NUMBER OF LAST CHECK WRITTEN N/A N/A #713213 #7317
</TABLE>
3 of 4
<PAGE> 38
<TABLE>
<CAPTION>
DEBTOR: MOR-6 SUPPORTING SCHEDULE CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. FEBRUARY BANK RECONCILIATIONS AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
A. BANK: NATIONAL CITY NATIONAL CITY NATIONAL CITY HUNTINGTON
B. ACCOUNT NUMBER: 394034958 394078205 394035045 01891448090
C. PURPOSE (TYPE): HEALTH INS. PROF. FEES PAYROLL OLD PAYROLL
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT - 1,000.00 51,640.24 204,927.70
2. ADD: TOTAL DEPOSITS NOT CREDITED - - - -
3. ADD: OUTSTANDING WIRE TRANSFERS - - - -
4. SUBTRACT: OUTSTANDING CHECKS N/A - (44,148.73) (2,455.22)
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS - - - -
6. OTHER RECONCILING ITEMS - - - -
7. ADJUSTED BANK BALANCE - 1,000.00 7,491.51 202,472.48
8. MONTH END BALANCE PER BOOKS 69,173.09 1,000.00 26,115.36 202,472.48
9. LESS: NSF CHECKS - - - -
10. LESS: BANK/CREDIT CARD FEES - - - -
11. ADD/(LESS): DEPOSIT DIFFERENCES - - - -
12. OTHER RECONCILING ITEMS (ATTACH LIST) (69,173.09) - (18,623.85) -
13. ADJUSTED BALANCE PER BOOKS - 1,000.00 7,491.51 303,472.48
14. NUMBER OF LAST CHECK WRITTEN N/A N/A # #1089753
</TABLE>
4 of 4
<PAGE> 39
<TABLE>
<CAPTION>
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
OTHER RECONCILING ITEMS:
MOR-6 SUPPORTING SCHEDULE
FEBRUARY BANK RECONCILIATION
OTHER RECONCILING ITEMS
<S> <C> <C>
PNC Bank
61-0169-0677
STORE DEPOSITS
---------------------
Check to close account received in March (1,267.01)
=====================
BANKBOSTON
804-81979
BBRF PROCEEDS
Other reconciling items - Bank
---------------------
Credit card receipts held in suspense by bank 339,728.57
=====================
BANKBOSTON
898-28038
CASH COLLATERAL
Other reconciling items - Bank
---------------------
Funds held in suspense by bank 165,000.00
=====================
NATIONAL CITY
394035037
CONCENTRATION
Other reconciling items - Book
Check void on G/L, paid by bank (4,438.84)
Check stopped on bank, not void on G/L 147.25
---------------------
(4,291.59)
=====================
NATIONAL CITY
3941035053
WORKERS COMP
Checks not booked (3,548.11)
---------------------
(3,548.11)
=====================
NATIONAL CITY
394034958
HEALTH INSURANCE
Check to close account received in March (69,173.09)
---------------------
(69,173.09)
=====================
NATIONAL CITY
394035045
PAYROLL
Miscellaneous reconciling items (18,623.85)
---------------------
(18,623.85)
=====================
</TABLE>
1 OF 1
<PAGE> 1
Exhibit 99.2
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-1
ACCRUAL BASIS - UNAUDITED
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING APRIL 3, 1999
================================================================================
Document Previously Explanation
Required attachments Attached Submitted Attached
1. Tax Receipts ( ) ( ) ( N/A )
2. Bank Statements ( X ) ( ) ( )
3. Most recently filed ( ) ( X ) ( )
Income Tax Return
4. Most recent Annual Financial ( ) ( X ) ( )
Statements prepared by accountant
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I
DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING
MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-9) AND THE
ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS
ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN
RESPONSIBLE PARTY) IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY
KNOWLEDGE.
RESPONSIBLE PARTY:
/s/BETH A. SAVAGE Chief Financial Officer
------------------------------------------ --------------------------
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE
BETH A. SAVAGE 7/20/99
------------------------------------------ --------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER:
/s/DONNA M. ZIANNI Assistant Controller
------------------------------------------ --------------------------
ORIGINAL SIGNATURE OF PREPARER TITLE
DONNA M. ZIANNI 7/20/99
------------------------------------------ --------------------------
PRINTED NAME OF PREPARER DATE
All Chapter 11 debtors must file this report with the Court and serve a copy on
the United States Trustee no later than the 15th day of the month following the
end of the month covered by the report.
<PAGE> 2
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-2
ACCRUAL BASIS - UNAUDITED
<TABLE>
<CAPTION>
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING APRIL 3, 1999
COMPARATIVE BALANCE SHEET
(UNAUDITED)
------------------------------------------------------------------------------------------------------------------
ASSETS JAN-99 FEB-99 MAR-99
-----------------------------------------------------
30-JAN-99 27-FEB-99 03-APR-99
<S> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------
1. CASH 5,196,592 17,965,537 16,516,897
------------------------------------------------------------------------------------------------------------------
2. ACCOUNTS RECEIVABLE 28,279,075 4,967,110 4,377,658
------------------------------------------------------------------------------------------------------------------
3. INVENTORY 550,000 0 0
------------------------------------------------------------------------------------------------------------------
4. NOTES RECEIVABLE 0 0 0
------------------------------------------------------------------------------------------------------------------
5. PREPAID EXPENSES 1,125,926 995,193 906,015
------------------------------------------------------------------------------------------------------------------
6. OTHER (CREDIT CARD RESERVES) 2,438,004 2,461,426 2,461,426
------------------------------------------------------------------------------------------------------------------
7. TOTAL CURRENT ASSETS 37,589,597 26,389,266 24,261,996
------------------------------------------------------------------------------------------------------------------
8. PROPERTY, PLANT & EQUIPMENT, net 0 0 0
------------------------------------------------------------------------------------------------------------------
9. ASSETS HELD FOR SALE 13,742,092 532,147 272,845
------------------------------------------------------------------------------------------------------------------
10. TOTAL PROPERTY, PLANT & EQUIP 13,742,092 532,147 272,845
------------------------------------------------------------------------------------------------------------------
11. DUE FROM AFFILIATES & INSIDERS 0 0 0
------------------------------------------------------------------------------------------------------------------
12. INTANGIBLES (ATTACH LIST) 0 0 0
------------------------------------------------------------------------------------------------------------------
13. OTHER (PREPAID FINANCE FEES) 2,212,898 0 0
------------------------------------------------------------------------------------------------------------------
14. TOTAL ASSETS 53,544,587 26,921,413 24,534,841
------------------------------------------------------------------------------------------------------------------
POSTPETITION LIABILITIES
------------------------------------------------------------------------------------------------------------------
15. ACCOUNTS PAYABLE & ACCRUALS 461,327 1,140,178 1,096,046
------------------------------------------------------------------------------------------------------------------
16. TAXES PAYABLE 461,823 42,638 0
------------------------------------------------------------------------------------------------------------------
17. NOTES PAYABLE 0 0 0
------------------------------------------------------------------------------------------------------------------
18. PROFESSIONAL FEES 1,633,563 2,060,263 1,258,933
------------------------------------------------------------------------------------------------------------------
19. SECURED DEBT 0 0 0
------------------------------------------------------------------------------------------------------------------
20. DUE TO AFFILIATES & INSIDERS 0 0 0
------------------------------------------------------------------------------------------------------------------
21. OTHER - (DEFERRED REVENUE from Service Policies) 0 0 0
------------------------------------------------------------------------------------------------------------------
22. TOTAL POSTPETITION
LIABILITIES 2,556,713 3,243,079 2,354,979
------------------------------------------------------------------------------------------------------------------
PREPETITION LIABILITIES
------------------------------------------------------------------------------------------------------------------
23. SECURED DEBT 3,582,022 0 0
------------------------------------------------------------------------------------------------------------------
24. PRIORITY DEBT 0 0 0
------------------------------------------------------------------------------------------------------------------
25. UNSECURED DEBT 74,127,358 57,722,151 57,477,939
------------------------------------------------------------------------------------------------------------------
26. OTHER 25,808,250 0 0
------------------------------------------------------------------------------------------------------------------
27. TOTAL PREPETITION LIABILITIES 103,517,630 57,722,151 57,477,939
------------------------------------------------------------------------------------------------------------------
28. TOTAL LIABILITIES 106,074,343 60,965,230 59,832,918
------------------------------------------------------------------------------------------------------------------
EQUITY
------------------------------------------------------------------------------------------------------------------
29. PREPETITION OWNERS' EQUITY (1,334,175) (1,334,175) (1,334,175)
------------------------------------------------------------------------------------------------------------------
30. POSTPETITION CUMULATIVE
PROFIT OR (LOSS) (51,195,581) (32,709,642) (33,963,902)
------------------------------------------------------------------------------------------------------------------
31. TOTAL EQUITY (DEFICIT) (52,529,756) (34,043,817) (35,298,077)
------------------------------------------------------------------------------------------------------------------
32. TOTAL LIABILITIES &
OWNERS' EQUITY 53,544,587 26,921,413 24,534,841
------------------------------------------------------------------------------------------------------------------
</TABLE>
Notes for month ending April 3, 1999:
Item 5: Prepaids primarily consist of retainers for professional fees of
$0.5 million.
Item 25: Consists of Accounts Payable, Accrued Liabilities and Customer
Refunds.
<PAGE> 3
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-3
ACCRUAL BASIS - UNAUDITED
<TABLE>
<CAPTION>
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING APRIL 3, 1999
INCOME STATEMENT
(UNAUDITED)
------------------------------------------------------------------------------------------------------------------------------
REVENUES JAN-99 FEB-99 MAR-99
----------------------------------------------------
30-JAN-99 27-FEB-99 03-APR-99
<S> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------
1. GROSS REVENUES 45,157 (601) 19,447
---------------------------------------------------------------------------------------------------------------------------
2. COST OF GOODS SOLD 61,578 21,565 5,427
---------------------------------------------------------------------------------------------------------------------------
3. GROSS PROFIT (16,421) (22,166) 14,020
---------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
---------------------------------------------------------------------------------------------------------------------------
4. Payroll 561,114 206,946 209,964
---------------------------------------------------------------------------------------------------------------------------
5. Payroll Taxes 39,496 19,040 16,337
---------------------------------------------------------------------------------------------------------------------------
6. Employee Benefits 8,369 156 (83,864)
---------------------------------------------------------------------------------------------------------------------------
7. Depreciation and Amortization 0 0 0
---------------------------------------------------------------------------------------------------------------------------
8. Occupancy Costs 391,883 458,023 213,550
---------------------------------------------------------------------------------------------------------------------------
9. Advertising 389,644 31,087 0
---------------------------------------------------------------------------------------------------------------------------
10. Store Delivery 0 (4,337) 0
---------------------------------------------------------------------------------------------------------------------------
11. Home Delivery (985) 0 0
---------------------------------------------------------------------------------------------------------------------------
12. Financing Costs 394,025 385,253 461
---------------------------------------------------------------------------------------------------------------------------
13. Equipment Rental 103,845 71,497 192,955
---------------------------------------------------------------------------------------------------------------------------
14. Outsource Services 4,020 4,483 1,042
---------------------------------------------------------------------------------------------------------------------------
15. Taxes 2,431 0 0
---------------------------------------------------------------------------------------------------------------------------
16. Insurance 47,751 49,927 50,000
---------------------------------------------------------------------------------------------------------------------------
17. Legal and Professional 53,200 49,639 13,706
---------------------------------------------------------------------------------------------------------------------------
18. Impairment of Long-Lived Assets 0 0 0
---------------------------------------------------------------------------------------------------------------------------
19. Reversal of Restructuring Charge 0 0 0
---------------------------------------------------------------------------------------------------------------------------
20. Finance and other receivables write-off 0 1,649,752 0
---------------------------------------------------------------------------------------------------------------------------
21. Other (Attach List) 107,954 38,470 13,341
---------------------------------------------------------------------------------------------------------------------------
22. TOTAL OPERATING EXPENSES 2,102,747 2,959,936 627,492
---------------------------------------------------------------------------------------------------------------------------
23. OPERATING INCOME (2,119,168) (2,982,102) (613,472)
---------------------------------------------------------------------------------------------------------------------------
OTHER INCOME & EXPENSES
---------------------------------------------------------------------------------------------------------------------------
24. OTHER INCOME - Interest (2,996) 0 0
---------------------------------------------------------------------------------------------------------------------------
25. OTHER EXPENSES (ATTACH LIST) 0 0 0
---------------------------------------------------------------------------------------------------------------------------
26. INTEREST EXPENSE 244,685 1,516 0
---------------------------------------------------------------------------------------------------------------------------
27. OTHER - Loss (gain) on sale of assets 3,627,154 2,729,185 99,588
---------------------------------------------------------------------------------------------------------------------------
28. NET OTHER INCOME & EXPENSES 3,868,843 2,730,701 99,588
---------------------------------------------------------------------------------------------------------------------------
29. LOSS BEFORE REORGANIZATION EXPENSES, TAXES AND EXTRAORDINARY ITEM (5,988,011) (5,712,803) (713,060)
---------------------------------------------------------------------------------------------------------------------------
REORGANIZATION EXPENSES
---------------------------------------------------------------------------------------------------------------------------
30. PROFESSIONAL FEES 685,555 650,229 605,419
---------------------------------------------------------------------------------------------------------------------------
31. U.S. TRUSTEE FEES 0 0 0
---------------------------------------------------------------------------------------------------------------------------
32. INTEREST INCOME (37,180) (59,589) (64,219)
---------------------------------------------------------------------------------------------------------------------------
33. OTHER (ATTACH LIST) 16,700 0 0
---------------------------------------------------------------------------------------------------------------------------
34. TOTAL REORGANIZATION EXPENSES 665,075 590,640 541,200
---------------------------------------------------------------------------------------------------------------------------
35. INCOME TAX 0 0 0
---------------------------------------------------------------------------------------------------------------------------
36. LOSS BEFORE EXTRAORDINARY ITEM (6,653,086) (6,303,443) (1,254,260)
---------------------------------------------------------------------------------------------------------------------------
37. EXTRAORDINARY LOSS - EARLY EXTINGUISHMENT OF DEBT 0 (1,568,359) 0
---------------------------------------------------------------------------------------------------------------------------
38. EXTRAORDINARY GAIN - RECOGNITION OF DEFERRED SERVICE POLICY REVENUE 0 21,392,765 0
---------------------------------------------------------------------------------------------------------------------------
39. EXTRAORDINARY GAIN - ABANDONMENT OF PROPERTY UNDER CAPITAL LEASE AND
REJECTION OF RELATED LEASE OBLIGATIONS 0 5,003,226 0
---------------------------------------------------------------------------------------------------------------------------
40. NET LOSS (6,653,086) 18,524,189 (1,254,260)
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Notes for month ending April 3, 1999:
Item 21: Primarily consists of telephone, repairs/maintenance, supplies,
employee expenses and bank fees.
Item 27: See supporting schedule for MOR-3 detailing loss on acquisition
of a certain lease by Hilco.
<PAGE> 4
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-4
ACCRUAL BASIS - UNAUDITED
<TABLE>
<CAPTION>
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING APRIL 3, 1999
------------------------------------------------------------------------------------------------------------------------------
CASH RECEIPTS AND JAN-99 FEB-99 MAR-99
----------------------------------------------------
DISBURSEMENTS 30-JAN-99 27-FEB-99 03-APR-99
<S> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------
1 CASH-BEGINNING OF MONTH 12,192,000.98 5,254,547.74 17,855,845.23
------------------------------------------------------------------------------------------------------------------------------
RECEIPTS
------------------------------------------------------------------------------------------------------------------------------
2. CASH SALES 4,026,688.76 586,949.52 0.00
------------------------------------------------------------------------------------------------------------------------------
3. COLLECTION OF ACCOUNTS RECEIVABLE 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------
3a. Liquidator reimbursement for expenses paid by Sun 613,010.53 1,025,637.44 99,054.85
------------------------------------------------------------------------------------------------------------------------------
4. LOANS & ADVANCES (ATTACH LIST) 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------
5. SALE OF ASSETS 453,320.81 20,266,134.34 220,285.70
------------------------------------------------------------------------------------------------------------------------------
6. OTHER 6,210,403.29 1,180,254.04 389,922.84
------------------------------------------------------------------------------------------------------------------------------
7. TOTAL RECEIPTS 11,303,423.39 23,058,975.34 709,263.39
------------------------------------------------------------------------------------------------------------------------------
8. TOTAL CASH AVAILABLE 23,495,424.37 28,313,523.08 18,565,108.62
------------------------------------------------------------------------------------------------------------------------------
CURRENT MONTH DISBURSEMENTS
------------------------------------------------------------------------------------------------------------------------------
30-Jan-99 27-Feb-99 03-Apr-99
------------------------------------------------------------------------------------------------------------------------------
PURPOSE AMOUNT AMOUNT AMOUNT
------------------------------------------------------------------------------------------------------------------------------
9. BANK FEES AND DEBT PAYDOWN 2,902,474.81 6,049,883.14 7,377.47
------------------------------------------------------------------------------------------------------------------------------
10. ADVERTISING 18,826.08 79,008.20 27,829.86
------------------------------------------------------------------------------------------------------------------------------
11. MERCHANDISE/PARTS 204,547.69 45,284.72 10,497.88
------------------------------------------------------------------------------------------------------------------------------
12. PAYROLL 585,589.80 243,658.73 174,283.79
------------------------------------------------------------------------------------------------------------------------------
13. STORE RENT 333,485.23 646,106.86 63,529.66
------------------------------------------------------------------------------------------------------------------------------
14. EQUIPMENT RENT 30,735.22 68,441.22 214,913.12
------------------------------------------------------------------------------------------------------------------------------
15. CONSTRUCTION 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------
16. EMPLOYEE EXPENSES/UNIFORMS 8,645.60 8,732.94 10,186.75
------------------------------------------------------------------------------------------------------------------------------
17. FREIGHT/POSTAGE 22,878.65 2,140.20 20.18
------------------------------------------------------------------------------------------------------------------------------
18. GASOLINE 0.00 32,200.24 2,637.43
------------------------------------------------------------------------------------------------------------------------------
19. HOTEL/AIR FARE 0.00 2,853.79 5,289.00
------------------------------------------------------------------------------------------------------------------------------
20. INSURANCE 253,760.66 198,455.98 97,814.80
------------------------------------------------------------------------------------------------------------------------------
21. WORKERS COMPENSATION 40,475.40 37,756.05 59,028.40
------------------------------------------------------------------------------------------------------------------------------
22. 401 K TRANSFER 17,121.96 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------
23. MISCELLANEOUS 31,474.16 17,393.36 0.00
------------------------------------------------------------------------------------------------------------------------------
24. GARNISHMENTS 2,469.36 1,986.01 1,302.50
------------------------------------------------------------------------------------------------------------------------------
25. SUPPLIES/MAINTENANCE 0.00 15,366.57 14,988.54
------------------------------------------------------------------------------------------------------------------------------
26. CUSTOMER REFUNDS 0.00 534.97 0.00
------------------------------------------------------------------------------------------------------------------------------
27. SECURITY 1,872.06 4,226.06 3,518.40
------------------------------------------------------------------------------------------------------------------------------
28. TAXES 1,605,013.17 488,876.84 45,405.57
------------------------------------------------------------------------------------------------------------------------------
29. TEMPORARY HELP SERVICES 7,243.43 6,749.32 5,782.93
------------------------------------------------------------------------------------------------------------------------------
30. UTILITIES 254,689.87 208,877.36 97,786.76
------------------------------------------------------------------------------------------------------------------------------
31. WASTE REMOVAL 0.00 2,642.12 6,855.00
------------------------------------------------------------------------------------------------------------------------------
32. CONSULTING 0.00 33,279.69 11,269.46
------------------------------------------------------------------------------------------------------------------------------
33. THIRD PARTY SERVICERS 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------
34. PETTY CASH 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------
35. REBATES 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------
36. WARRANTY SERVICER 0.00 0.00 253.00
------------------------------------------------------------------------------------------------------------------------------
37. Reimbursement to liquidators for sales at closing stores 10,939,838.02 2,578,106.25 0.00
------------------------------------------------------------------------------------------------------------------------------
38. U.S. TRUSTEE FEES 0.00 0.00 0.00
------------------------------------------------------------------------------------------------------------------------------
39. PROFESSIONAL FEES 410,260.19 392,745.92 1,424,917.97
------------------------------------------------------------------------------------------------------------------------------
40. TOTAL DISBURSEMENTS 17,671,401.36 11,165,306.54 2,285,488.47
------------------------------------------------------------------------------------------------------------------------------
41. END OF MONTH BALANCE 5,254,547.74 17,855,845.23 16,214,555.28
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Items 1 & 41: Beginning and Ending Cash balances reflect balances per bank
statements.
Item 6: Consists of $124,000 of interest and various
corporate deposits, including a refund for
overpayment of $137,000.
Items 9 - 40: Disbursements reflect wire and/or ACH transfers and checks
written during the period February 28, 1999 through April 3,
1999.
<PAGE> 5
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-5
ACCRUAL BASIS - UNAUDITED
<TABLE>
<CAPTION>
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING APRIL 3, 1999
<S> <C> <C>
-----------------------------------------------------------------------------------------------------------------------------
ACCOUNTS RECEIVABLE AGING
-----------------------------------------------------------------------------------------------------------------------------
0 - 30 days old 0.00
------------------------------------------------------------------------------------
31 - 60 days old 0.00
------------------------------------------------------------------------------------
61 - 90 days old 0.00
------------------------------------------------------------------------------------
91+ days old 7,173,313.63
------------------------------------------------------------------------------------
TOTAL ACCOUNTS RECEIVABLE 7,173,313.63
------------------------------------------------------------------------------------
AMOUNTS CONSIDERED UNCOLLECTIBLE (3,419,389.27)
------------------------------------------------------------------------------------
ACCOUNTS RECEIVABLE (NET) 3,753,924.36
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------
AGING OF POST PETITION TAXES AND PAYABLES
------------------------------------------------------------------------------
0-30 31-60 61-90 91+
DAYS DAYS DAYS DAYS TOTAL
<S> <C> <C> <C> <C> <C>
-----------------------------------------------------------------------------------------------------------------------------
ACCOUNTS PAYABLE (A) 768,079.00 150,000.00 500,000.00 800,000.00 2,218,079.00
-----------------------------------------------------------------------------------------------------------------------------
Note A: Sun's Accounts Payable system does not age the A/P;
above aging represents estimate based on review of the
accounts payable detail.
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
STATUS OF POST PETITION TAXES
============================================================================================================================
BEGINNING WITHHELD ENDING
TAX AND/OR AMOUNT TAX DELINQUENT
LIABILITY ACCRUED PAID LIABILITY TAXES
<S> <C> <C> <C> <C> <C>
=============================================================================================================================
FEDERAL
-----------------------------------------------------------------------------------------------------------------------------
WITHHOLDING** 0.00 25,700.29 25,700.29 0.00
-----------------------------------------------------------------------------------------------------------------------------
FICA-EMPLOYEE** 0.00 11,511.24 11,511.24 0.00
-----------------------------------------------------------------------------------------------------------------------------
FICA-EMPLOYER** 0.00 11,511.23 11,511.23 0.00
-----------------------------------------------------------------------------------------------------------------------------
UNEMPLOYMENT 0.00 376.93 376.93 0.00
-----------------------------------------------------------------------------------------------------------------------------
INCOME 0.00 0.00 0.00 0.00
-----------------------------------------------------------------------------------------------------------------------------
OTHER (ATTACH LIST) 0.00 0.00 0.00 0.00
-----------------------------------------------------------------------------------------------------------------------------
TOTAL FEDERAL TAXES 0.00 49,099.69 49,099.69 0.00 0.00
-----------------------------------------------------------------------------------------------------------------------------
STATE AND LOCAL
-----------------------------------------------------------------------------------------------------------------------------
WITHHOLDING 0.00 10,175.36 10,175.36 0.00
-----------------------------------------------------------------------------------------------------------------------------
SALES AND USE 42,637.61 0.00 42,637.61 0.00
-----------------------------------------------------------------------------------------------------------------------------
EXCISE 0.00 0.00 0.00 0.00
-----------------------------------------------------------------------------------------------------------------------------
MERCANTILE 10,311.43 0.00 2,465.90 7,845.53
-----------------------------------------------------------------------------------------------------------------------------
UNEMPLOYMENT 0.00 976.00 976.00 0.00
-----------------------------------------------------------------------------------------------------------------------------
REAL PROPERTY 0.00 0.00 0.00 0.00
-----------------------------------------------------------------------------------------------------------------------------
PERSONAL PROPERTY 0.00 0.00 0.00 0.00
-----------------------------------------------------------------------------------------------------------------------------
PENNSYLVANIA OCCUPATIONAL 0.00 0.00 0.00 0.00
-----------------------------------------------------------------------------------------------------------------------------
NEW YORK DISABILITY 0.00 0.00 0.00 0.00
-----------------------------------------------------------------------------------------------------------------------------
OTHER (ATTACH LIST) 0.00 0.00 0.00 0.00
-----------------------------------------------------------------------------------------------------------------------------
TOTAL STATE AND LOCAL 52,949.04 11,151.36 56,254.87 7,845.53 0.00
-----------------------------------------------------------------------------------------------------------------------------
TOTAL TAXES 52,949.04 60,251.05 105,354.56 7,845.53 0.00
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
* The beginning tax liability should represent the liability from the
prior month or, if this is the first operating report, the amount
should be zero.
** Attach photocopies of IRS Form 6123 or your FTD coupon and payment
receipt to verify payment of deposit.
<PAGE> 6
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-6
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING APRIL 3, 1999
THE DEBTOR IN POSSESSION MUST COMPLETE THE RECONCILIATION BELOW FOR EACH
BANK ACCOUNT, INCLUDING ALL GENERAL, PAYROLL AND TAX ACCOUNTS, AS WELL AS
ALL SAVINGS AND INVESTMENT ACCOUNTS, MONEY MARKET ACCOUNTS, CERTIFICATES
OF DEPOSIT, GOVERNMENT OBLIGATIONS, ETC. ACCOUNTS WITH RESTRICTED FUNDS
SHOULD BE IDENTIFIED BY PLACING AN ASTERISK NEXT TO THE ACCOUNT NUMBER.
ATTACH ADDITIONAL SHEETS IF NECESSARY.
<TABLE>
<CAPTION>
BANK RECONCILIATION
ACCOUNT #1 ACCOUNT #2 ACCOUNT #3
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------
A. BANK: See note below
---------------------------------------------------------
B. ACCOUNT NUMBER: TOTAL
---------------------------------------------------------
C. PURPOSE (TYPE):
------------------------------------------------------------------------------------------------------------------------------
1. BALANCE PER BANK STATEMENT
------------------------------------------------------------------------------------------------------------------------------
2. ADD: TOTAL DEPOSITS NOT CREDITED
------------------------------------------------------------------------------------------------------------------------------
3. SUBTRACT: OUTSTANDING CHECKS
------------------------------------------------------------------------------------------------------------------------------
4. OTHER RECONCILING ITEMS (ATTACH LIST)
------------------------------------------------------------------------------------------------------------------------------
5. MONTH END BALANCE PER BOOKS
------------------------------------------------------------------------------------------------------------------------------
6. NUMBER OF LAST CHECK WRITTEN
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Note: Bank Reconciliations for March 1999, copies of bank statements as
of the end of March for all bank accounts, and a summary of the
activity in each account are included with this MOR. See MOR-6
supporting schedules.
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
INVESTMENT ACCOUNTS
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------
DATE OF TYPE OF PURCHASE CURRENT
BANK ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE
------------------------------------------------------------------------------------------------------------------------------
7. NatCity Investments - 509394078 12/31/98 Govt Money Market 1,214,498.85 1,214,498.85
-----------------------------------------------------------------------------------------------------------------------------
8. NatCity Investments - 509394035 12/31/98 Govt Money Market 14,577,810.73 14,577,810.73
-----------------------------------------------------------------------------------------------------------------------------
9.
-----------------------------------------------------------------------------------------------------------------------------
10.
-----------------------------------------------------------------------------------------------------------------------------
11. TOTAL INVESTMENTS 15,792,309.58 15,792,309.58
-----------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
CASH
-----------------------------------------------------------------------------------------------------------------------------
12. CURRENCY ON HAND - per the Company's Bank Statements 422,245.70
-----------------------------------------------------------------------------------------------------------------------------
13. TOTAL CASH-END OF MONTH (Total of lines 5, 11, & 12) 16,214,555.28
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 7
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-7
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING APRIL 3, 1999
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
PAYMENTS TO INSIDERS AND PROFESSIONALS
-----------------------------------------------------------------------------------------------------------------------------
OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID
TO INSIDERS (AS DEFINED IN SECTION 101(31)(A)-(F) OF THE U.S. BANKRUPTCY CODE)
AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF
COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING
ALLOWANCE TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY.
-----------------------------------------------------------------------------------------------------------------------------
INSIDERS
------------------------------------------------------------------------------------------------------------- CUMULATIVE
TYPE OF AMOUNT UNPAID
NAME POSITION PAYMENT PAID BALANCE
<S> <C> <C> <C> <C>
-----------------------------------------------------------------------------------------------------------------------------
1. BETH SAVAGE CFO, Treasurer & Secretary salary $12,307.70 $0.00
-----------------------------------------------------------------------------------------------------------------------------
bonus $0.00
-----------------------------------------------------------------------------------------------------------------------------
expenses $0.00
-----------------------------------------------------------------------------------------------------------------------------
2. JIM ROMERO VP Operations salary $11,230.76 $0.00
-----------------------------------------------------------------------------------------------------------------------------
bonus $0.00
-----------------------------------------------------------------------------------------------------------------------------
expenses $215.00
-----------------------------------------------------------------------------------------------------------------------------
3. JAMES MORAN President expenses $7,303.84
-----------------------------------------------------------------------------------------------------------------------------
4. TOTAL PAYMENTS TO INSIDERS $31,057.30 $0.00
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
PROFESSIONALS
-----------------------------------------------------------------------------------------------------------------------------
TYPE DATE OF COURT
OF ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID
NAME PROFESSIONAL PAYMENT APPROVED PAID TO DATE
<S> <C> <C> <C> <C> <C> <C>
-----------------------------------------------------------------------------------------------------------------------------
1. Kirkland & Ellis Attorney 09/16/98 179,072.75 179,072.75 402,044.85
-----------------------------------------------------------------------------------------------------------------------------
2. Business Regeneration Services Accountant 09/16/98 35,906.29 35,906.29 529,873.98
-----------------------------------------------------------------------------------------------------------------------------
3. KPMG Peat Marwick LLP Accountant 09/16/98 18,169.00 18,169.00 90,847.00
-----------------------------------------------------------------------------------------------------------------------------
4. Otterbourg, Steindler, Houston & Attorney 09/16/98 184,760.50 184,760.50 403,621.42
-----------------------------------------------------------------------------------------------------------------------------
5. Porter, Wright, Morris & Arthur Attorney 09/16/98 44,461.27 44,461.27 84,809.79
-----------------------------------------------------------------------------------------------------------------------------
6. Young, Conaway, Stargatt & Attorney 09/16/98 153,945.63 153,945.63 190,944.05
-----------------------------------------------------------------------------------------------------------------------------
7. Donlin, Recano & Company, Inc. Claims Consultant 09/16/98 113,075.97 113,075.97 178,473.03
-----------------------------------------------------------------------------------------------------------------------------
8. Ernst & Young LLP Accountant 09/16/98 147,922.40 147,922.40 358,367.20
-----------------------------------------------------------------------------------------------------------------------------
9. D.G. Hart Associates, Inc. Consultant 11/10/98 47,083.12 47,083.12 47,083.12
-----------------------------------------------------------------------------------------------------------------------------
10. Pepper Hamilton LLP Attorney 11/05/98 10,840.65 10,840.65 10,840.65
-----------------------------------------------------------------------------------------------------------------------------
11. Milbank, Tweed, Hadley & McCloy Attorney 11/23/98 429,680.39 429,680.39 429,680.39
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
12. TOTAL PAYMENTS TO PROFESSIONALS 1,364,917.97 1,364,917.97 2,726,585.48
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
ADEQUATE PROTECTION PAYMENTS
-----------------------------------------------------------------------------------------------------------------------------
SCHEDULED AMOUNTS
MONTHLY PAID TOTAL
PAYMENTS DURING UNPAID
NAME OF CREDITOR DUE MONTH POSTPETITION
<S> <C> <C> <C>
-----------------------------------------------------------------------------------------------------------------------------
1. BankBoston Retail Finance, Inc. Term Loan Interest due the first day of 0.00 None
-----------------------------------------------------------------------------------------------------------------------------
2. each month
-----------------------------------------------------------------------------------------------------------------------------
3.
-----------------------------------------------------------------------------------------------------------------------------
4.
-----------------------------------------------------------------------------------------------------------------------------
5.
-----------------------------------------------------------------------------------------------------------------------------
6. TOTAL 0.00
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 8
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-8
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING APRIL 3, 1999
<TABLE>
<CAPTION>
QUESTIONNAIRE YES NO
<S> <C> <C>
---------------------------------------------------------------------------------------------------------------------------
1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS
THIS REPORTING PERIOD? X
---------------------------------------------------------------------------------------------------------------------------
2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION
ACCOUNT? X
---------------------------------------------------------------------------------------------------------------------------
3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X
---------------------------------------------------------------------------------------------------------------------------
4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X
---------------------------------------------------------------------------------------------------------------------------
5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X
---------------------------------------------------------------------------------------------------------------------------
6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X
---------------------------------------------------------------------------------------------------------------------------
7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X
---------------------------------------------------------------------------------------------------------------------------
8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X
---------------------------------------------------------------------------------------------------------------------------
9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X
---------------------------------------------------------------------------------------------------------------------------
10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X
---------------------------------------------------------------------------------------------------------------------------
11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X
---------------------------------------------------------------------------------------------------------------------------
12. ARE ANY WAGE PAYMENTS PAST DUE? X
---------------------------------------------------------------------------------------------------------------------------
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED
EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
Item #1 - Pursuant to a Bankruptcy Court order on or about __________,
1999, Hilco Trading Co. acquired a certain lease of a Sun store.
See MOR-3 supporting schedules for analysis of the lease sold.
Item #2 - In accordance with a first day motion approved by the
Bankruptcy Court, Sun Television's existing pre-petition
bank accounts are Debtor-in-Possession bank accounts.
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
INSURANCE YES NO
<S> <C> <C>
---------------------------------------------------------------------------------------------------------------------------
1. ARE WORKERS COMPENSATION, GENERAL LIABILITY AND OTHER
NECESSARY INSURANCE COVERAGES IN EFFECT? X
---------------------------------------------------------------------------------------------------------------------------
2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X
---------------------------------------------------------------------------------------------------------------------------
3. PLEASE ITEMIZE POLICIES BELOW. X
---------------------------------------------------------------------------------------------------------------------------
</TABLE>
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES
HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE
AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
Item 2: Note that approximately $10,000 in General Liability insurance
premium related to several new stores opened during fiscal 1999 were
NOT billed to the Company until subsequent to the Petition Date and
are therefore included as a Pre-petition debt.
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
INSURANCE POLICIES
-----------------------------------------------------------------------------------------------------------------------------
TYPE OF PAYMENT AMOUNT
POLICY CARRIER PERIOD COVERED & FREQUENCY
<S> <C> <C> <C>
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Commercial Property & Casualty C N A 10/1/98 through 9/30/99 - $287,100 paid 10/1/98
-----------------------------------------------------------------------------------------------------------------------------
- $192,463 due 1/1/99
-----------------------------------------------------------------------------------------------------------------------------
and 4/1/99
-----------------------------------------------------------------------------------------------------------------------------
Directors & Officers Liability Genesis Insurance Co. 7/21/98 through 7/21/99 - $199,000 paid in full
-----------------------------------------------------------------------------------------------------------------------------
7/27/98
-----------------------------------------------------------------------------------------------------------------------------
Workers Compensation EBI Companies 10/19/97 through 10/18/98 - $21,101 for 12/97&1/98
-----------------------------------------------------------------------------------------------------------------------------
- $28,364 per month for
-----------------------------------------------------------------------------------------------------------------------------
2/98 - 8/98
-----------------------------------------------------------------------------------------------------------------------------
Workers Compensation EBI Companies 10/19/98 through 11/18/98 (A) - $41,958 paid 11/2/98
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Workers Compensation Various State Funds 11/19/98 through final store - $113,740 paid 11/13/98
-----------------------------------------------------------------------------------------------------------------------------
closing date in various states (B)
-----------------------------------------------------------------------------------------------------------------------------
Note A: EBI granted Sun Television a 30 day extension on the WC policy.
Note B: Sun applied for state fund coverage in Pennsylvania, Indiana,
Virginia, New York and Kentucky. No coverage was necessary for
Tennessee as final store closed in that state on November 8, 1998.
Sun was required to apply for State Fund coverage for WC due to the
EBI Companies denying coverage after the 30 day extension period.
Sun is still self-insured in Ohio. As of the end of March, final
audits were either completed or scheduled for Sun's workers'
compensation accounts in all states except Ohio in order to
determine any required premium adjustments and close the accounts.
</TABLE>
<PAGE> 9
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-9
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING APRIL 3, 1999
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
PERSONNEL
------------------------------------------------------------------------------------------------------------------------------
FULL TIME PART TIME TOTAL
<S> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------
1. Total number of employees at beginning of period 48 0 48
------------------------------------------------------------------------------------------------------------------------------
2. Number of employees hired during the period 0 0 0
------------------------------------------------------------------------------------------------------------------------------
3. Number of employees terminated or resigned during the period (22) 0 (22)
------------------------------------------------------------------------------------------------------------------------------
4. Total number of employees on payroll at end of period 26 0 26
------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
CHANGE OF ADDRESS
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
If your mailing address has changed and you have not previously notified
the United States Trustee of the change, list your new address below:
DATE OF CHANGE: _______N/A______________
NEW ADDRESS: ___________________N/A________________________
<PAGE> 10
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
MARCH 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-3
CALCULATION OF LOSS ON ACQUISITION OF LEASE BY HILCO TRADING CO.
<PAGE> 11
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(DEBTORS-IN-POSSESSION)
CASE NO. 98-2107 AND 98-2109
MOR-3 SUPPORTING SCHEDULE
CALCULATION OF LOSS ON ACQUISITION OF LEASE BY HILCO TRADING CO.
PROCEEDS TO BE RECEIVED FROM HILCO TRADING CO.:
Total Purchase Price $150,000
-----------------
Total Proceeds to be Received $150,000
=================
LOSS ON SALE OF PROPERTY:
Net book value of property acquired by Hilco $258,552
Purchase price 150,000
-----------------
LOSS ON SALE OF PROPERTY ($108,552)
=================
PROCEEDS RECEIVED FROM HILCO TRADING CO.:
March 26, 1999 funding $75,000
March 29, 1999 funding 75,000
-----------------
Total proceeds received $150,000
=================
<PAGE> 12
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
MARCH 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-4
SUMMARY OF BANK STATEMENT ACTIVITY
<PAGE> 13
<TABLE>
<CAPTION>
DEBTOR: MOR-4 SUPPORTING SCHEDULE CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
BANK BANKBOSTON NATIONAL CITY NATIONAL CITY
ACCOUNT NAME BRF, INC. FOR
PROCEEDS FROM WORKERS
SUN TV & APPLIANCES CONCENTRATION COMPENSATION
ACCOUNT NUMBER 804-81979 394035037 3941035053
<S> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
BALANCE 2/27/99 72,076.60 31,746.78 17,298.58
MISCELLANEOUS CORPORATE DEPOSITS 292,598.75
TRANSFERS FROM SMALL BANKS -
CREDIT CARD DEPOSITS, NET (26,484.55)
MTB CORPORATION - REAL ESTATE PROCEEDS -
OFFICE DEPOT - REAL ESTATE PROCEEDS 69,810.56
HILCO - REAL ESTATE PROCEEDS 150,000.00
GENCO - DEFECTIVE INVENTORY PROCEEDS 475.14
UNIVERSAL/PETTERS - EXPENSE REIMBURSEMENT 99,054.85
TRANSFERS TO/FROM BANKBOSTON A/C 898-28038 104,042.07 -
WIRE TSF TO SUN TV CONCENTRATION ACCOUNT - -
WIRE TSF TO VENDORS (401,463.34)
WIRE TSF TO NCB A/CS - P/R, W/C, HEALTH INS, PROF FEES (161,702.45) 59,028.40
WIRE TSF FROM/TO SUN TV SEI INVESTMENT FUND 1,800,000.00
CHECKS PAID (1,725,663.19) (42,639.68)
LETTER OF CREDIT DRAW (150,000.00) -
WIRES OUT - DIRECT DEP. & P/R TAX
NSF CHECKS (460.87)
BANK/CREDIT CARD FEES (6,342.58) (1,034.89)
============================================================================
BALANCE 4/3/99 (6,233.32) 152,886.20 33,687.30
============================================================================
Beginning of month balance - above accounts 378,689.90
Beginning of month balance - small banks 8,654.39
=========================
Beginning of month balance - all accounts 387,344.29
=========================
End of month balance - above accounts 419,235.65
End of month balance - small banks 3,010.05
=========================
End of month balance - all accounts 422,245.70
=========================
</TABLE>
<TABLE>
<CAPTION>
BANK NATIONAL CITY NATIONAL CITY HUNTINGTON NAT'L
ACCOUNT NAME
PROFESSIONAL OLD
PAYROLL FEES PAYROLL
ACCOUNT NUMBER 394035045 394078205 01891448090
<S> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
BALANCE 2/27/99 51,640.24 1,000.00 204,927.70
MISCELLANEOUS CORPORATE DEPOSITS
TRANSFERS FROM SMALL BANKS
CREDIT CARD DEPOSITS, NET
MTB CORPORATION - REAL ESTATE PROCEEDS
OFFICE DEPOT - REAL ESTATE PROCEEDS
HILCO - REAL ESTATE PROCEEDS
GENCO - DEFECTIVE INVENTORY PROCEEDS
UNIVERSAL/PETTERS - EXPENSE REIMBURSEMENT
TRANSFERS TO/FROM BANKBOSTON A/C 898-28038
WIRE TSF TO SUN TV CONCENTRATION ACCOUNT
WIRE TSF TO VENDORS
WIRE TSF TO NCB A/CS - P/R, W/C, HEALTH INS, PROF FEES 171,847.15
WIRE TSF FROM/TO SUN TV SEI INVESTMENT FUND
CHECKS PAID (85,898.61) (2,455.22)
LETTER OF CREDIT DRAW
WIRES OUT - DIRECT DEP. & P/R TAX (102,165.79)
NSF CHECKS
BANK/CREDIT CARD FEES
============================================================================
BALANCE 4/3/99 35,422.99 1,000.00 202,472.48
============================================================================
</TABLE>
<PAGE> 14
<TABLE>
<CAPTION>
DEBTOR: MOR-4 SUPPORTING SCHEDULE CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
BALANCE TOTAL
STORE # NAME BANK ACCOUNT 2/28/99 CREDITS NSF CKS BANK FEES
<S> <C> <C> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------------------
217 FINDLAY OHIO BANK 7067480 $ 1,433.20 $ - $ - $ (5.07)
239 LIMA BANK ONE 021012644 1,042.36
242 BECKLEY BANK ONE WEST 625599303 1,581.92
245 PARKERSBURG WESBANCO 310798542 1,153.29
258/62 CHARLESTON/HUNTINGTON HUNTINGTON BANK 122102152 1,843.75
270 COLUMBUS,IN IRWIN UNION BANK. 39658034 1,110.70 (4.39)
272 RICHMOND, KY NATIONAL CITY BANK 354073282 489.17
------------------------------------------------------------
GRAND TOTALS $ 8,654.39 $ - $ - $ (9.46)
============================================================
</TABLE>
<TABLE>
<CAPTION>
BALANCE
STORE # NAME BANK ACCOUNT TRANSFERS 3/31/99
<S> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------
217 FINDLAY OHIO BANK 7067480 $ - $ 1,428.13
239 LIMA BANK ONE 021012644 (1,042.36) -
242 BECKLEY BANK ONE WEST 625599303 - 1,581.92
245 PARKERSBURG WESBANCO 310798542 (1,153.29) -
258/62 CHARLESTON/HUNTINGTON HUNTINGTON BANK 122102152 (1,843.75) -
270 COLUMBUS,IN IRWIN UNION BANK. 39658034 (1,106.31) -
272 RICHMOND, KY NATIONAL CITY BANK 354073282 (489.17) -
--------------------------------
GRAND TOTALS $ (5,634.88) $ 3,010.05
=================================
</TABLE>
<PAGE> 15
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
MARCH 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-4
DETAIL LISTING OF ACH AND WIRE TRANSFERS
<PAGE> 16
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS IN POSSESSION
CASE NO. 98-2107 AND 98-2109
FOR THE MONTH ENDING APRIL 3, 1999
(COVERING THE PERIOD FEBRUARY 28, 1999 THROUGH APRIL 3, 1999)
MOR-4 SUPPORTING SCHEDULE
SUMMARY OF ACH AND WIRE TRANSFERS DURING PERIOD
<TABLE>
<CAPTION>
Type Date Vendor Amount ACH/Wire
---- ---- ------ ------ --------
<S> <C> <C> <C> <C>
Insurance 3/5/99 Medical Mutual 13,259.05 Wire
Insurance 3/12/99 Medical Mutual 11,629.06 Wire
Insurance 3/19/99 Medical Mutual 15,972.84 Wire
Insurance 3/25/99 Medical Mutual 29,519.98 Wire
Insurance 4/2/99 Medical Mutual 15,551.50 Wire
-----------------------------
Total Insurance 85,932.43
-----------------------------
Payroll 3/11/99 ADP 84,771.35 ACH
Payroll 3/26/99 ADP 87,075.80 ACH
-----------------------------
Total Payroll 171,847.15
-----------------------------
Professional 3/8/99 Milbank, Tweed $ 175,250.63 Wire
Professional 3/8/99 Otterbourg, Steindler $ 61,736.38 Wire
Professional 3/8/99 Business Regeneration $ 35,906.29 Wire
-----------------------------
Total Professional 272,893.30
-----------------------------
Sales Tax 3/23/99 Ohio Sales Tax $ 42,637.61 ACH
-----------------------------
Total Sales Tax 42,637.61
-----------------------------
Workers Comp 3/2/99 M&N Risk Management $ 22,673.46 ACH
Workers Comp 3/12/99 M&N Risk Management $ 9,312.56 ACH
Workers Comp 3/30/99 M&N Risk Management $ 27,042.38 ACH
-----------------------------
Total Workers Compensation 59,028.40
-----------------------------
TOTAL WIRE AND ACH TRANSFERS 632,338.89
=============================
1 of 1
</TABLE>
<PAGE> 17
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
MARCH 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-4
DETAIL LISTING OF CHECKS WRITTEN
<PAGE> 18
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(DEBTORS-IN-POSSESSION)
CASE NO. 96-2107 AND 96-2109
MOR-4 SUPPORTING SCHEDULE
POST-PETITION CHECKS FOR THE PERIOD 2/28/99 THROUGH 4/3/99
(ASSOCIATE PAYROLL CHECKS ARE NOT INCLUDED)
<TABLE>
<CAPTION>
Check Date
- --------------------------
YEAR MON DAY CHECK# PAYEE TYPE AMOUNT
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 1 713220 MEDIA ONE ADVERTISING SALES Advertising 652.80
99 3 1 713239 TCI CABLE ADVERTISING Advertising 2,501.55
99 3 1 713240 TCI MEDIA SERVICES Advertising 1,702.55
99 3 1 713230 THE LIMA NEWS Advertising 11,461.23
99 3 1 713243 TIME WARNER COMMUNICATIONS Advertising 9,826.10
99 3 1 713245 WHIZ TV Advertising 978.00
99 3 1 713244 WJZA-FM 107.5 Advertising 707.63
- ------------------------------------------------------------------------------------------------------------------------------------
Advertising 27,829.86
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 31 713418 MELROSE CONSULTING Consulting 6,112.46
99 3 19 713366 OPEN TECHNOLOGY GROUP INC Consulting 5,157.00
- ------------------------------------------------------------------------------------------------------------------------------------
Consulting 11,269.46
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 1 713223 DIGIVISION, INC Contract Labor 1,050.00
99 3 3 713259 GENERAL ELECTRIC COMPANY Contract Labor 143.78
99 3 19 713367 HANDEL INVESTMENTS Contract Labor 120.00
99 3 1 713231 IRENE MILLER Contract Labor 1,121.00
99 3 30 713413 MID-WEST INDUSTRIES INC Contract Labor 778.50
99 3 1 713234 PRECISION LASER SERVICE INC Contract Labor 49.95
99 3 1 713238 TECHTRONICS Contract Labor 2,519.70
- ------------------------------------------------------------------------------------------------------------------------------------
Contract Labor 5,782.93
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 3 713264 CHET WILSON Employee Expense 42.07
99 3 15 713336 CHRIS SPURLOCK Employee Expense 140.00
99 3 17 713357 CHRISTOPHER J. ANDERSON Employee Expense 60.75
99 3 17 713358 CHRISTOPHER J. ANDERSON Employee Expense 14.40
99 3 17 713359 JAMES G. ROMERO Employee Expense 215.00
99 3 15 713334 JAMES MORAN Employee Expense 4,969.71
99 3 24 713385 JAMES MORAN Employee Expense 2,334.13
99 3 3 713265 JEFF HAYDEN Employee Expense 60.83
99 3 22 713374 JEFF HAYDEN Employee Expense 23.83
99 3 15 713338 JOLINDA DEBORD Employee Expense 73.85
99 3 3 713266 MIKE LONG Employee Expense 168.00
99 3 22 713375 MIKE LONG Employee Expense 78.80
99 3 15 713337 PATTY BALL Employee Expense 32.25
99 3 17 713360 PATTY BALL Employee Expense 118.75
99 3 22 713376 PATTY BALL Employee Expense 90.53
99 3 30 713415 PATTY BALL Employee Expense 126.00
99 3 3 713267 PETE BARKER Employee Expense 136.67
99 3 8 713286 PETE BARKER Employee Expense 67.89
99 3 24 713387 ROBERT ALTMAN Employee Expense 68.00
99 3 24 713388 RONALD SMITH Employee Expense 7.40
- ------------------------------------------------------------------------------------------------------------------------------------
Employee Expense 8,828.86
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 8 713277 AMERITECH CREDIT CORPORATION Equipment Rental 18,715.37
99 3 10 713300 AMERITECH CREDIT CORPORATION Equipment Rental 18,715.37
99 4 1 713424 AMERITECH CREDIT CORPORATION Equipment Rental 18,715.37
99 3 1 713217 AMI LEASING Equipment Rental 3,951.15
99 3 17 713354 EUROPEAN AMERICAN BANK Equipment Rental 4,287.11
99 3 5 713271 J R CAMPBELL EQUIPMENT CO Equipment Rental 528.75
- ------------------------------------------------------------------------------------------------------------------------------------
Equipment Rental 64,913.12
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 10 713295 CHAPTER 13 TRUSTEE Garnishment 154.62
99 3 24 713391 CHAPTER 13 TRUSTEE Garnishment 154.62
99 3 10 713296 FRANKLIN COUNTY C S E A Garnishment 606.85
99 3 24 713392 FRANKLIN COUNTY C S E A Garnishment 198.11
99 3 10 713298 PHEAA Garnishment 94.15
99 3 24 713393 PHEAA Garnishment 94.15
- ------------------------------------------------------------------------------------------------------------------------------------
Garnishment 1,302.50
- ------------------------------------------------------------------------------------------------------------------------------------
1 of 4
</TABLE>
<PAGE> 19
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(DEBTORS-IN-POSSESSION)
CASE NO. 96-2107 AND 96-2109
MOR-4 SUPPORTING SCHEDULE
POST-PETITION CHECKS FOR THE PERIOD 2/28/99 THROUGH 4/3/99
(ASSOCIATE PAYROLL CHECKS ARE NOT INCLUDED)
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
99 3 3 713252 MEDICAL LIFE INSURANCE CO Insurance 11,882.37
- ------------------------------------------------------------------------------------------------------------------------------------
Insurance 11,882.37
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 1 713219 BEST WESTERN ROAD STAR INN Lodging 1,921.05
99 3 1 713228 HAMPTON INN - CHARLESTON Lodging 523.20
99 3 3 713256 RED ROOF INN OF ZANESVILLE Lodging 221.29
99 3 16 713344 RED ROOF INN OF ZANESVILLE Lodging 56.26
99 3 1 713241 TRAVELODGE Lodging 2,567.20
- ------------------------------------------------------------------------------------------------------------------------------------
Lodging 5,289.00
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 1 713226 GORDON FLESCH CO INC Maintenance 4,337.58
99 3 8 713287 HI-TECH SERVICES Maintenance 651.00
99 3 1 713215 HOFFMAN AUTO REPAIR Maintenance 1,141.24
99 3 1 713233 ORKIN EXTERMINATING CO INC Maintenance 1,199.12
99 3 19 713370 SONITROL OF CENTRAL OHIO Maintenance 388.73
99 3 1 713237 STORAGE CONCEPTS INC Maintenance 3,191.91
99 3 16 713346 TREASURER OF STATE OF OHIO Maintenance 40.00
- ------------------------------------------------------------------------------------------------------------------------------------
Maintenance 10,949.58
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 10 713297 NORTH HILLS SCHOOL DISTRICT Mercantile Tax 2,465.90
- ------------------------------------------------------------------------------------------------------------------------------------
Mercantile Tax 2,465.90
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 8 713279 CAPITAL CITY APPLIANCE SERVICE Parts 250.85
99 3 3 713257 CRC COMPONENTS Parts 6.87
99 3 1 713221 CTW ELECTRICAL CO INC Parts 8,680.24
99 3 3 713260 HERMAN ELECTRONICS P Parts 175.51
99 3 8 713285 IBM Parts 415.17
99 3 8 713276 MARCONE APPLIANCE PARTS CENTER Parts 145.04
99 3 3 713263 UNION ELECTRONIC DISTRIBUTORS Parts 824.20
- ------------------------------------------------------------------------------------------------------------------------------------
Parts 10,497.88
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 3 713254 AUTOMATIC DATA PROCESSING Payroll 834.80
99 3 11 713303 AUTOMATIC DATA PROCESSING Payroll 119.90
99 3 16 713342 AUTOMATIC DATA PROCESSING Payroll 292.58
99 3 24 713378 AUTOMATIC DATA PROCESSING Payroll 403.28
99 3 31 713417 AUTOMATIC DATA PROCESSING Payroll 786.08
- ------------------------------------------------------------------------------------------------------------------------------------
Payroll 2,436.64
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 1 713247 DEB WALTER Postage 5.18
99 3 17 713350 QUIKPRO COURIER Postage 15.00
- ------------------------------------------------------------------------------------------------------------------------------------
Postage 20.18
- ------------------------------------------------------------------------------------------------------------------------------------
99 4 2 713426 D.G. HART ASSOCIATES INC. Professional 47,083.12
99 3 8 713280 DONLIN RECANO & COMPANY, INC. Professional 113,075.97
99 3 8 713290 ERNST & YOUNG LLP Professional 59,422.00
99 3 24 713384 ERNST & YOUNG LLP Professional 63,610.20
99 3 24 713405 ERNST & YOUNG LLP Professional 24,890.20
99 3 8 713292 KIRKLAND & ELLIS Professional 26,804.57
99 3 24 713399 KIRKLAND & ELLIS Professional 152,268.18
99 3 24 713380 KPMG PEAT MARWICK LLP Professional 18,169.00
99 3 24 713401 MILBANK, TWEED, HADLEY & MCCLO Professional 38,595.05
99 3 24 713408 MILBANK,TWEED,HADLEY & MCCLOY Professional 215,834.71
99 3 24 713397 OTTERBOURG,STEINDLER,HOUSTON & Professional 63,434.70
99 3 24 713404 OTTERBOURG,STEINDLER,HOUSTON & Professional 59,589.42
99 3 8 713291 PEPPER HAMILTON LLP Professional 2,066.88
99 3 24 713398 PEPPER HAMILTON LLP Professional 2,979.40
99 3 24 713406 PEPPER HAMILTON LLP Professional 5,794.37
99 3 8 713293 PORTER WRIGHT MORRIS & ARTHUR Professional 17,052.80
99 3 24 713400 PORTER WRIGHT MORRIS & ARTHUR Professional 13,757.00
99 3 24 713407 PORTER WRIGHT MORRIS & ARTHUR Professional 13,651.47
99 3 24 713395 THE HAUSMAN COMPANIES Professional 60,000.00
99 3 8 713289 YOUNG CONAWAY STARGATT & Professional 27,685.50
99 3 24 713396 YOUNG CONAWAY STARGATT & Professional 93,617.27
99 3 24 713403 YOUNG CONAWAY STARGATT & Professional 32,642.86
- ------------------------------------------------------------------------------------------------------------------------------------
Professional 1,152,024.67
- ------------------------------------------------------------------------------------------------------------------------------------
2 of 4
</TABLE>
<PAGE> 20
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(DEBTORS-IN-POSSESSION)
CASE NO. 96-2107 AND 96-2109
MOR-4 SUPPORTING SCHEDULE
POST-PETITION CHECKS FOR THE PERIOD 2/28/99 THROUGH 4/3/99
(ASSOCIATE PAYROLL CHECKS ARE NOT INCLUDED)
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
99 4 2 713422 MTB CORP Property Tax 302.06
- ------------------------------------------------------------------------------------------------------------------------------------
Property Tax 302.06
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 24 713379 BRITTAIN LIMITED PARTNERSHIP Rent 10,128.03
99 3 3 713249 DUKE REALTY LIMITED PRTNRSHP Rent 6,376.16
99 4 2 713421 DUKE REALTY LIMITED PRTNRSHP Rent 4,029.76
99 3 3 713269 EARLE W KAZIS ASSOCIATES INC Rent 15,528.00
99 3 3 713250 WAL MART STORES INC Rent 27,467.71
- ------------------------------------------------------------------------------------------------------------------------------------
Rent 63,529.66
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 1 713246 LOOMIS, FARGO & COMPANY Security 1,112.80
99 3 3 713261 METROPOLITAN ARMORED CAR INC Security 249.84
99 3 15 713335 METROPOLITAN ARMORED CAR INC Security 1,461.37
99 3 1 713224 PROTECTION ONE Security 694.39
- ------------------------------------------------------------------------------------------------------------------------------------
Security 3,518.40
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 1 713235 STOROPAK INC Supplies 799.00
99 3 1 713236 SUPERIOR DATA FORMS INC Supplies 1,344.52
99 3 1 713227 W W GRAINGER INC P Supplies 1,895.44
- ------------------------------------------------------------------------------------------------------------------------------------
Supplies 4,038.96
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 16 713348 MCGLONE INC. Trash Removal 140.00
99 3 17 713362 MCGLONE INC. Trash Removal 140.00
99 3 24 713389 MCGLONE INC. Trash Removal 140.00
99 3 12 713327 PERMA-FIX Trash Removal 4,460.00
99 3 1 713225 WASTE MANAGEMENT Trash Removal 1,975.00
- ------------------------------------------------------------------------------------------------------------------------------------
Trash Removal 6,855.00
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 1 713242 UNIFIRST Uniforms 1,357.89
- ------------------------------------------------------------------------------------------------------------------------------------
Uniforms 1,357.89
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 8 713278 AIRTOUCH PAGING Utilities 996.56
99 3 8 713274 ALLEGHENY POWER Utilities 1,878.39
99 3 16 713341 ALLTEL OHIO INC Utilities 399.63
99 3 11 713310 AMERICAN ELECTRIC POWER Utilities 292.18
99 3 11 713302 AMERITECH Utilities 314.51
99 3 11 713322 AMERITECH Utilities 1,634.55
99 3 16 713345 AMERITECH Utilities 19.95
99 3 19 713369 AMERITECH Utilities 923.29
99 3 30 713414 AMERITECH Utilities 121.63
99 3 31 713419 AMERITECH Utilities 447.03
99 3 15 713329 AMERITECH CABS ACCOUNTS Utilities 3,911.58
99 3 8 713275 AT & T Utilities 4,183.29
99 3 16 713340 AT & T Utilities 8.57
99 3 11 713304 BECKLEY WATER COMPANY Utilities 53.15
99 3 11 713321 BELL ATLANTIC/NYNEX Utilities 264.13
99 3 15 713330 BELL ATLANTIC-PA Utilities 23.81
99 3 19 713364 BELL ATLANTIC-PA Utilities 288.77
99 3 19 713365 BOROUGH OF GREEN TREE Utilities 23.54
99 3 15 713331 CHILLICOTHE TELEPHONE CO Utilities 13.00
99 3 15 713332 CINCINNATI BELL TELEPHONE Utilities 75.78
99 3 11 713315 CITY OF CHARLESTON Utilities 173.89
99 3 11 713314 CITY OF CUYAHOGA FALLS Utilities 18.76
99 3 24 713383 CITY OF CUYAHOGA FALLS Utilities 18.76
99 3 3 713255 CITY OF N CANTON PUBLIC UTLTS Utilities 3,535.43
99 3 24 713382 CITY OF N CANTON PUBLIC UTLTS Utilities 38.92
99 3 11 713311 CITY OF WARREN UTILITY SERVICE Utilities 42.80
99 3 11 713309 COLUMBIA GAS OF OHIO-COLUMBUS Utilities 39.12
99 3 16 713343 COLUMBUS CITY TREASURER Utilities 145.57
99 3 17 713352 COLUMBUS CITY TREASURER Utilities 375.83
99 3 24 713381 COLUMBUS CITY TREASURER Utilities 78.46
99 3 3 713258 DIVISION OF WATER Utilities 5.84
99 3 11 713317 DIVISION OF WATER Utilities 110.84
99 3 8 713281 EAST OHIO GAS CO Utilities 41.07
3 of 4
</TABLE>
<PAGE> 21
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(DEBTORS-IN-POSSESSION)
CASE NO. 96-2107 AND 96-2109
MOR-4 SUPPORTING SCHEDULE
POST-PETITION CHECKS FOR THE PERIOD 2/28/99 THROUGH 4/3/99
(ASSOCIATE PAYROLL CHECKS ARE NOT INCLUDED)
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
99 3 11 713319 EAST OHIO GAS CO Utilities 666.34
99 3 8 713282 ENRON CAPITAL & TRADE RESOURCE Utilities 936.73
99 3 17 713353 ENRON CAPITAL & TRADE RESOURCE Utilities 2,270.37
99 3 11 713318 EQUITABLE GAS CO Utilities 3,603.38
99 3 24 713386 ERIE COUNTY WATER AUTHORITY Utilities 87.86
99 3 11 713305 FRANKFORT ELECTRIC & WATER Utilities 42.00
99 3 11 713306 GREEN RIVER ELECTRIC CO Utilities 2,673.34
99 3 19 713368 GTE NORTH Utilities 241.18
99 3 8 713284 HIGHLAND SEWER & WATER ATHRTY Utilities 74.49
99 3 8 713283 HOPE GAS INC Utilities 1,924.83
99 3 11 713313 LIMA CITY TREASURER Utilities 120.01
99 3 11 713316 MARION COUNTY Utilities 25.00
99 3 25 713410 MOUNTAINEER GAS Utilities 1,494.78
99 3 3 713262 N E O R S D Utilities 4.69
99 3 1 713222 NEXTLINK OHIO Utilities 707.48
99 3 25 713411 NYSEG Utilities 2,602.71
99 3 11 713323 OHIO EDISON CO Utilities 1,277.03
99 3 11 713308 OHIO-AMERICAN WATER COMPANY Utilities 38.03
99 3 11 713324 PENNSYLVANIA AMERICA WATER CO Utilities 34.51
99 3 17 713356 PENNSYLVANIA AMERICA WATER CO Utilities 15.02
99 3 1 713216 QUORUM CONFERENCING Utilities 4,175.38
99 3 11 713307 SANITATION DISTRICT NO 1 Utilities 9.58
99 3 19 713371 SOUTH CENTRAL POWER CO. Utilities 47,751.21
99 3 8 713273 SPRINT Utilities 108.06
99 3 11 713312 THE CINCINNATI GAS & ELECTRIC Utilities 2,054.86
99 3 11 713320 THE ILLUMINATING COMPANY Utilities 4,308.52
99 3 17 713355 THE ILLUMINATING COMPANY Utilities 4.85
99 3 11 713325 THE MUNICIPAL AUTHORITY OF THE Utilities 35.89
- ------------------------------------------------------------------------------------------------------------------------------------
Utilities 97,786.76
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 1 713218 EXXON Vehicle Fuel 2,637.43
- ------------------------------------------------------------------------------------------------------------------------------------
Vehicle Fuel 2,637.43
- ------------------------------------------------------------------------------------------------------------------------------------
99 3 15 713333 VAC SERVICE CORP Warranty 94.00
99 3 22 713373 VAC SERVICE CORP Warranty 159.00
- ------------------------------------------------------------------------------------------------------------------------------------
Warranty 253.00
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL POST-PETITION CHECKS SENT $ 1,495,772.11
TOTAL VOIDS 33,658.40
TOTAL POST-PETITION CHECKS CUT $ 1,529,430.51
4 of 4
</TABLE>
<PAGE> 22
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
MARCH 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-5
PAYROLL TAXES
<PAGE> 23
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(DEBTORS-IN-POSSESSION)
CASE NO. 98-2107 AND 98-2109
MOR-5 SUPPORTING SCHEDULE
PAYROLL TAXES PAYMENT - SUPPORTING DOCUMENTATION
FOR THE MONTH ENDING APRIL 3, 1999
DEPOSIT FEDERAL EMPLOYEE EMPLOYER
DATE INCOME TAX FICA TAX FICA TAX TOTALS
- ------------ -------------- ------------- ------------ -------------
16-Mar-99 $12,263.25 $5,684.61 $5,684.56 $23,632.42
30-Mar-99 $13,437.04 $5,826.63 $5,826.67 $25,090.34
- ------------ -------------- ------------- ------------ -------------
$25,700.29 $11,511.24 $11,511.23 $48,722.76
============== ============= ============ =============
<PAGE> 24
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
MARCH 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-6
BANK RECONCILIATIONS
<PAGE> 25
<TABLE>
<CAPTION>
DEBTOR: MOR-6 SUPPORTING SCHEDULE CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. MARCH BANK RECONCILIATIONS AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
A. BANK: THE OHIO BANK BANK ONE WEST BANKBOSTON BANKBOSTON NATIONAL CITY
B. ACCOUNT NUMBER: 7067480 625599303 804-81979 898-28038 394035037
C. PURPOSE (TYPE): STORE DEPOSITS STORE DEPOSITS BBRF PROCEEDS CASH COLLATERAL CONCENTRATION
<S> <C> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT 1,428.13 1,581.92 (6,233.32) - 152,886.20
2. ADD: TOTAL DEPOSITS NOT CREDITED - - - - 28,545.28
3. ADD: OUTSTANDING WIRE TRANSFERS - - - - -
4. SUBTRACT: OUTSTANDING CHECKS N/A N/A N/A N/A (243,776.86)
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS - - - - -
6. OTHER RECONCILING ITEMS - - 418,038.49 165,000.00 585.87
7. ADJUSTED BANK BALANCE 1,428.13 1,581.92 411,805.17 165,000.00 (61,759.51)
8. MONTH END BALANCE PER BOOKS 1,428.13 1,581.92 411,805.17 165,000.00 (57,467.92)
9. LESS: NSF CHECKS - - - - -
10. LESS: BANK/CREDIT CARD FEES - - - - -
11. ADD/(LESS): DEPOSIT DIFFERENCES - - - - -
12. OTHER RECONCILING ITEMS (ATTACH LIST) - - - - (4,291.59)
13. ADJUSTED BALANCE PER BOOKS 1,428.13 1,581.92 411,805.17 165,000.00 (61,759.51)
14. NUMBER OF LAST CHECK WRITTEN N/A N/A N/A N/A #713426
</TABLE>
1 of 2
<PAGE> 26
<TABLE>
<CAPTION>
DEBTOR: MOR-6 SUPPORTING SCHEDULE CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. MARCH BANK RECONCILIATIONS AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
A. BANK: NATIONAL CITY NATIONAL CITY NATIONAL CITY HUNTINGTON
B. ACCOUNT NUMBER: 3941035053 394078205 394035045 01891448090
C. PURPOSE (TYPE): WORKERS COMP PROF. FEES PAYROLL OLD PAYROLL
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT 33,687.30 1,000.00 35,422.99 202,472.48
2. ADD: TOTAL DEPOSITS NOT CREDITED - - - -
3. ADD: OUTSTANDING WIRE TRANSFERS - - - -
4. SUBTRACT: OUTSTANDING CHECKS (14,608.49) - (27,903.17) -
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS - - - -
6. OTHER RECONCILING ITEMS - - - -
7. ADJUSTED BANK BALANCE 19,078.81 1,000.00 7,519.82 202,472.48
8. MONTH END BALANCE PER BOOKS 22,626.92 1,000.00 (25,259.01) 202,472.48
9. LESS: NSF CHECKS - - - -
10. LESS: BANK/CREDIT CARD FEES - - - -
11. ADD/(LESS): DEPOSIT DIFFERENCES - - - -
12. OTHER RECONCILING ITEMS (ATTACH LIST) (3,548.11) - 32,778.83 -
13. ADJUSTED BALANCE PER BOOKS 19,078.81 1,000.00 7,519.82 202,472.48
14. NUMBER OF LAST CHECK WRITTEN #7378 N/A # #1089753
</TABLE>
2 of 2
<PAGE> 27
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-6 SUPPORTING SCHEDULE
MARCH BANK RECONCILIATIONS
OTHER RECONCILING ITEMS
OTHER RECONCILING ITEMS:
BANKBOSTON
804-81979
BBRF PROCEEDS
Other reconciling items - Bank
====================
Credit card receipts held in suspense by bank 418,038.49
====================
BANKBOSTON
898-28038
CASH COLLATERAL
Other reconciling items - Bank
====================
Funds held in suspense by bank 165,000.00
====================
NATIONAL CITY
394035037
CONCENTRATION
Other reconciling items - Bank
====================
Checks shown as outstanding, should be void 585.87
====================
Other reconciling items - Book
Check void on G/L, paid by bank (4,438.84)
Check stopped on bank, not void on G/L 147.25
--------------------
(4,291.59)
====================
NATIONAL CITY
3941035053
WORKERS COMP
Checks not booked (3,548.11)
--------------------
(3,548.11)
====================
NATIONAL CITY
394035045
PAYROLL
Payroll transfer booked, not made until 4/9/99 32,750.52
Miscellaneous reconciling items 28.31
--------------------
32,778.83
====================
1 OF 1
<PAGE> 1
Exhibit 99.3
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-1
ACCRUAL BASIS - UNAUDITED
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING MAY 1, 1999
<TABLE>
<CAPTION>
============================================================================================
Document Previously Explanation
Required attachments Attached Submitted Attached
<S> <C> <C> <C>
1. Tax Receipts ( ) ( ) (N/A)
2. Bank Statements (X) ( ) ( )
3. Most recently filed ( ) (X) ( )
Income Tax Return
4. Most recent Annual Financial ( ) (X) ( )
Statements prepared by accountant
</TABLE>
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I
DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY
OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-9) AND THE
ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS
ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN
RESPONSIBLE PARTY) IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY
KNOWLEDGE.
RESPONSIBLE PARTY:
/s/BETH A. SAVAGE CHIEF FINANCIAL OFFICER
---------------------------------------- ------------------------
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE
BETH A. SAVAGE 8/26/99
--------------------------------------- ------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER:
/s/DONNA M. ZIANNI ASSISTANT CONTROLLER
--------------------------------------- ------------------------
ORIGINAL SIGNATURE OF PREPARER TITLE
DONNA M. ZIANNI 8/26/99
--------------------------------------- ------------------------
PRINTED NAME OF PREPARER DATE
All Chapter 11 debtors must file this report with the Court and
serve a copy on the United States Trustee no later than the 15th
day of the month following the end of the month covered by the report.
<PAGE> 2
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-2
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING MAY 1, 1999
COMPARATIVE BALANCE SHEET
(UNAUDITED)
<TABLE>
<CAPTION>
ASSETS FEB-99 MAR-99 APR-99
27-FEB-99 03-APR-99 01-MAY-99
--------- --------- ---------
<S> <C> <C> <C>
1. CASH 17,965,537 16,516,897 15,894,145
- -----------------------------------------------------------------------------------------------
2. ACCOUNTS RECEIVABLE 4,967,110 4,377,658 4,302,214
- -----------------------------------------------------------------------------------------------
3. INVENTORY 0 0 0
- -----------------------------------------------------------------------------------------------
4. NOTES RECEIVABLE 0 0 0
- -----------------------------------------------------------------------------------------------
5. PREPAID EXPENSES 995,193 906,015 860,496
- -----------------------------------------------------------------------------------------------
6. OTHER (CREDIT CARD RESERVES) 2,461,426 2,461,426 2,461,426
- -----------------------------------------------------------------------------------------------
7. TOTAL CURRENT ASSETS 26,389,266 24,261,996 23,518,281
- -----------------------------------------------------------------------------------------------
8. PROPERTY, PLANT & EQUIPMENT, net 0 0 0
- -----------------------------------------------------------------------------------------------
9. ASSETS HELD FOR SALE 532,147 272,845 272,845
- -----------------------------------------------------------------------------------------------
10. TOTAL PROPERTY, PLANT & EQUIP 532,147 272,845 272,845
- -----------------------------------------------------------------------------------------------
11. DUE FROM AFFILIATES & INSIDERS 0 0 0
- -----------------------------------------------------------------------------------------------
12. INTANGIBLES (ATTACH LIST) 0 0 0
- -----------------------------------------------------------------------------------------------
13. OTHER (PREPAID FINANCE FEES) 0 0 0
- -----------------------------------------------------------------------------------------------
14. TOTAL ASSETS 26,921,413 24,534,841 23,791,126
- -----------------------------------------------------------------------------------------------
POSTPETITION LIABILITIES
- -----------------------------------------------------------------------------------------------
15. ACCOUNTS PAYABLE & ACCRUALS 1,140,178 1,096,046 1,324,972
- -----------------------------------------------------------------------------------------------
16. TAXES PAYABLE 42,638 0 0
- -----------------------------------------------------------------------------------------------
17. NOTES PAYABLE 0 0 0
- -----------------------------------------------------------------------------------------------
18. PROFESSIONAL FEES 2,060,263 1,258,933 991,775
- -----------------------------------------------------------------------------------------------
19. SECURED DEBT 0 0 0
- -----------------------------------------------------------------------------------------------
20. DUE TO AFFILIATES & INSIDERS 0 0 0
- -----------------------------------------------------------------------------------------------
21. OTHER - (DEFERRED REVENUE from Service Policies) 0 0 0
- -----------------------------------------------------------------------------------------------
22. TOTAL POSTPETITION
LIABILITIES 3,243,079 2,354,979 2,316,747
- -----------------------------------------------------------------------------------------------
PREPETITION LIABILITIES
- -----------------------------------------------------------------------------------------------
23. SECURED DEBT 0 0 0
- -----------------------------------------------------------------------------------------------
24. PRIORITY DEBT 0 0 0
- -----------------------------------------------------------------------------------------------
25. UNSECURED DEBT 57,722,151 57,477,939 57,469,414
- -----------------------------------------------------------------------------------------------
26. OTHER 0 0 0
- -----------------------------------------------------------------------------------------------
27. TOTAL PREPETITION LIABILITIES 57,722,151 57,477,939 57,469,414
- -----------------------------------------------------------------------------------------------
28. TOTAL LIABILITIES 60,965,230 59,832,918 59,786,161
- -----------------------------------------------------------------------------------------------
EQUITY
- -----------------------------------------------------------------------------------------------
29. PREPETITION OWNERS' EQUITY (1,334,175) (1,334,175) (1,334,175)
- -----------------------------------------------------------------------------------------------
30. POSTPETITION CUMULATIVE
PROFIT OR (LOSS) (32,709,642) (33,963,902) (34,660,860)
- -----------------------------------------------------------------------------------------------
31. TOTAL EQUITY (DEFICIT) (34,043,817) (35,298,077) (35,995,035)
- -----------------------------------------------------------------------------------------------
32. TOTAL LIABILITIES &
OWNERS' EQUITY 26,921,413 24,534,841 23,791,126
- -----------------------------------------------------------------------------------------------
</TABLE>
Notes for month ending May 1, 1999:
Item 5: Prepaids primarily consist of retainers for professional fees of
$0.5 million.
Item 25: Consists of Accounts Payable, Accrued Liabilities and Customer
Refunds.
<PAGE> 3
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-3
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING MAY 1, 1999
INCOME STATEMENT
(UNAUDITED)
<TABLE>
<CAPTION>
ASSETS FEB-99 MAR-99 APR-99
27-FEB-99 03-APR-99 01-MAY-99
--------- --------- ---------
<S> <C> <C> <C>
- -----------------------------------------------------------------------------------------------
1. GROSS REVENUES (601) 19,447 4,998
- -----------------------------------------------------------------------------------------------
2. COST OF GOODS SOLD 21,565 5,427 35,739
- -----------------------------------------------------------------------------------------------
3. GROSS PROFIT (22,166) 14,020 (30,741)
- -----------------------------------------------------------------------------------------------
OPERATING EXPENSES
- -----------------------------------------------------------------------------------------------
4. Payroll 206,946 209,964 101,261
- -----------------------------------------------------------------------------------------------
5. Payroll Taxes 19,040 16,337 7,510
- -----------------------------------------------------------------------------------------------
6. Employee Benefits 156 (83,864) 5,046
- -----------------------------------------------------------------------------------------------
7. Depreciation and Amortization 0 0 0
- -----------------------------------------------------------------------------------------------
8. Occupancy Costs 458,023 213,550 115,964
- -----------------------------------------------------------------------------------------------
9. Advertising 31,087 0 0
- -----------------------------------------------------------------------------------------------
10. Store Delivery (4,337) 0 0
- -----------------------------------------------------------------------------------------------
11. Home Delivery 0 0 0
- -----------------------------------------------------------------------------------------------
12. Financing Costs 385,253 461 0
- -----------------------------------------------------------------------------------------------
13. Equipment Rental 71,497 192,955 23,002
- -----------------------------------------------------------------------------------------------
14. Outsource Services 4,483 1,042 0
- -----------------------------------------------------------------------------------------------
15. Taxes 0 0 0
- -----------------------------------------------------------------------------------------------
16. Insurance 49,927 50,000 25,000
- -----------------------------------------------------------------------------------------------
17. Legal and Professional 49,639 13,706 34,626
- -----------------------------------------------------------------------------------------------
18. Impairment of Long-Lived Assets 0 0 0
- -----------------------------------------------------------------------------------------------
19. Reversal of Restructuring Charge 0 0 0
- -----------------------------------------------------------------------------------------------
20. Finance and other receivables write-off 1,649,752 0 0
- -----------------------------------------------------------------------------------------------
21. Other (Attach List) 38,470 13,341 469
- -----------------------------------------------------------------------------------------------
22. TOTAL OPERATING EXPENSES 2,959,936 627,492 312,878
- -----------------------------------------------------------------------------------------------
23. OPERATING INCOME (2,982,102) (613,472) (343,619)
- -----------------------------------------------------------------------------------------------
OTHER INCOME & EXPENSES
- -----------------------------------------------------------------------------------------------
24. OTHER INCOME - Interest 0 0 0
- -----------------------------------------------------------------------------------------------
25. OTHER EXPENSES (ATTACH LIST) 0 0 0
- -----------------------------------------------------------------------------------------------
26. INTEREST EXPENSE 1,516 0 (1,516)
- -----------------------------------------------------------------------------------------------
27. OTHER - Loss (gain) on sale of assets 2,729,185 99,588 (630)
- -----------------------------------------------------------------------------------------------
28. NET OTHER INCOME & EXPENSES 2,730,701 99,588 (2,146)
- -----------------------------------------------------------------------------------------------
29. LOSS BEFORE REORGANIZATION EXPENSES, TAXES
AND EXTRAORDINARY ITEM (5,712,803) (713,060) (341,473)
- -----------------------------------------------------------------------------------------------
REORGANIZATION EXPENSES
- -----------------------------------------------------------------------------------------------
30. PROFESSIONAL FEES 650,229 605,419 389,865
- -----------------------------------------------------------------------------------------------
31. U.S. TRUSTEE FEES 0 0 20,500
- -----------------------------------------------------------------------------------------------
32. INTEREST INCOME (59,589) (64,219) (58,460)
- -----------------------------------------------------------------------------------------------
33. OTHER (ATTACH LIST) 0 0 3,581
- -----------------------------------------------------------------------------------------------
34. TOTAL REORGANIZATION EXPENSES 590,640 541,200 355,486
- -----------------------------------------------------------------------------------------------
35. INCOME TAX 0 0 0
- -----------------------------------------------------------------------------------------------
36. LOSS BEFORE EXTRAORDINARY ITEM (6,303,443) (1,254,260) (696,959)
- -----------------------------------------------------------------------------------------------
37. EXTRAORDINARY LOSS - EARLY EXTINGUISHMENT
OF DEBT (1,568,358) 0 0
- -----------------------------------------------------------------------------------------------
38. EXTRAORDINARY GAIN - RECOGNITION OF
DEFERRED SERVICE POLICY REVENUE 5,003,228 0 0
- -----------------------------------------------------------------------------------------------
39. EXTRAORDINARY GAIN - ABANDONMENT OF PROPERTY
UNDER CAPITAL LEASE AND REJECTION OF RELATED
LEASE OBLIGATIONS
- -----------------------------------------------------------------------------------------------
40. NET LOSS 18,524,189 (1,254,260) (696,959)
- -----------------------------------------------------------------------------------------------
</TABLE>
Notes for month ending May 1, 1999:
Item 21: Primarily consists of telephone, repairs/maintenance, supplies,
employee expenses and bank fees.
<PAGE> 4
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-4
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING MAY 1, 1999
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------
CASH RECEIPTS AND FEB-99 MAR-99 APR-99
DISBURSEMENTS 27-FEB-99 03-APR-99 01-MAY-99
- ---------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. CASH-BEGINNING OF MONTH 5,254,547.74 17,855,845.23 16,214,555.28
- ---------------------------------------------------------------------------------------------------
RECEIPTS
- ---------------------------------------------------------------------------------------------------
2. CASH SALES 586,949.52 0.00 0.00
- ---------------------------------------------------------------------------------------------------
3. COLLECTION OF ACCOUNTS RECEIVABLE 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------
3a. Liquidator reimbursement for expenses
paid by Sun 1,025,637.44 99,054.85 0.00
- ---------------------------------------------------------------------------------------------------
4. LOANS & ADVANCE 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------
5. SALE OF ASSETS 20,266,134.34 220,285.70 0.00
- ---------------------------------------------------------------------------------------------------
6. OTHER 1,180,254.04 389,922.84 1,066,552.03
- ---------------------------------------------------------------------------------------------------
7. TOTAL RECEIPTS 23,058,975.34 709,263.39 1,066,552.03
- ---------------------------------------------------------------------------------------------------
8. TOTAL CASH AVAILABLE 28,313,523.08 18,565,108.62 17,281,107.31
- ---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------
CURRENT MONTH DISBURSEMENTS
- ---------------------------------------------------------------------------------------------------
27-FEB-99 03-APR-99 01-MAY-99
- ---------------------------------------------------------------------------------------------------
PURPOSE AMOUNT AMOUNT AMOUNT
- ---------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
9. BANK FEES AND DEBT PAYDOWN 6,049,883.14 7,377.47 0.00
- ---------------------------------------------------------------------------------------------------
10. ADVERTISING 79,008.20 27,829.86 0.00
- ---------------------------------------------------------------------------------------------------
11. MERCHANDISE/PARTS 45,284.72 10,497.88 0.00
- ---------------------------------------------------------------------------------------------------
12. PAYROLL 243,658.73 174,283.79 107,553.72
- ---------------------------------------------------------------------------------------------------
13. STORE RENT 646,106.86 63,529.66 119,380.10
- ---------------------------------------------------------------------------------------------------
14. EQUIPMENT RENT 68,441.22 214,913.12 23,002.48
- ---------------------------------------------------------------------------------------------------
15. CONSTRUCTION 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------
16. EMPLOYEE EXPENSES/UNIFORMS 8,732.94 10,186.75 4,966.15
- ---------------------------------------------------------------------------------------------------
17. FREIGHT/POSTAGE 2,140.20 20.18 18.00
- ---------------------------------------------------------------------------------------------------
18. GASOLINE 32,200.24 2,637.43 0.00
- ---------------------------------------------------------------------------------------------------
19. HOTEL/AIR FARE 2,853.79 5,289.00 0.00
- ---------------------------------------------------------------------------------------------------
20. INSURANCE 198,455.98 97,814.80 55,831.95
- ---------------------------------------------------------------------------------------------------
21. WORKERS COMPENSATION 37,756.05 59,028.40 21,878.53
- ---------------------------------------------------------------------------------------------------
22. 401 K 0.00 0.00 6,576.20
- ---------------------------------------------------------------------------------------------------
23. MISCELLANEOUS 17,393.36 0.00 4,199.42
- ---------------------------------------------------------------------------------------------------
24. GARNISHMENTS 1,986.01 1,302.50 497.54
- ---------------------------------------------------------------------------------------------------
25. SUPPLIES/MAINTENANCE 15,366.57 14,988.54 138.01
- ---------------------------------------------------------------------------------------------------
26. CUSTOMER REFUNDS 534.97 0.00 0.00
- ---------------------------------------------------------------------------------------------------
27. SECURITY 4,226.06 3,518.40 0.00
- ---------------------------------------------------------------------------------------------------
28. TAXES 488,876.84 45,405.57 3,507.91
- ---------------------------------------------------------------------------------------------------
29. TEMPORARY HELP SERVICES 6,749.32 5,782.93 778.50
- ---------------------------------------------------------------------------------------------------
30. UTILITIES 208,877.36 97,786.76 17,571.30
- ---------------------------------------------------------------------------------------------------
31. WASTE REMOVAL 2,642.12 6,855.00 4,460.00
- ---------------------------------------------------------------------------------------------------
32. CONSULTING 33,279.69 11,269.46 28,942.00
- ---------------------------------------------------------------------------------------------------
33. THIRD PARTY SERVICERS 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------
34. PETTY CASH 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------
35. REBATES 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------
36. WARRANTY SERVICER 0.00 253.00 35,559.70
- ---------------------------------------------------------------------------------------------------
37. Reimbursement to liquidators for
sales at closing stores 2,578,106.25 0.00 0.00
- ---------------------------------------------------------------------------------------------------
38. U.S. TRUSTEE FEES 0.00 0.00 20,500.00
- ---------------------------------------------------------------------------------------------------
39. PROFESSIONAL FEES 392,745.92 1,424,917.97 641,406.24
- ---------------------------------------------------------------------------------------------------
40. TOTAL DISBURSEMENTS 11,165,306.54 2,285,488.47 1,096,767.75
- ---------------------------------------------------------------------------------------------------
41. END OF MONTH BALANCE 17,855,845.23 16,214,555.28 16,303,341.73
- ---------------------------------------------------------------------------------------------------
</TABLE>
Items 1 & 41: Beginning and Ending Cash balances reflect balances per bank
statements.
Item 6: Consists of $700,000 of credit card receipts previously held
in suspense and received from BankBoston and various corporate
deposits, including $152,000 sales tax refund and $77,000
insurance reimbursement.
Items 9 - 40: Disbursements reflect wire and/or ACH transfers and checks
written during the period April 4, 1999 through May 1, 1999.
<PAGE> 5
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-5
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING MAY 1, 1999
<TABLE>
<CAPTION>
ACCOUNTS RECEIVABLE AGING
- --------------------------------------------------------------------------------
<S> <C> <C>
0 - 30 days old 0.00
---------------------------------------------------------
31 - 60 days old 0.00
---------------------------------------------------------
61 - 90 days old 0.00
---------------------------------------------------------
91+ days old 7,167,967.96
---------------------------------------------------------
TOTAL ACCOUNTS RECEIVABLE 7,167,967.96
---------------------------------------------------------
AMOUNTS CONSIDERED UNCOLLECTIBLE (3,419,389.27)
---------------------------------------------------------
ACCOUNTS RECEIVABLE (NET) 3,748,578.69
- --------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------
AGING OF POST PETITION TAXES AND PAYABLES
- --------------------------------------------------------------------------------
0-30 31-60 61-90 91+
DAYS DAYS DAYS DAYS TOTAL
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
ACCOUNTS
PAYABLE (A) 936,747.00 60,000.00 120,000.00 1,200,000.00 2,316,747.00
- --------------------------------------------------------------------------------
</TABLE>
Note A: Sun's Accounts Payable system does not age the A/P;
above aging represents estimate based on review of the
accounts payable detail.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------
STATUS OF POST PETITION TAXES
- -----------------------------------------------------------------------------------------
BEGINNING WITHHELD ENDING
TAX AND/OR AMOUNT TAX DELINQUENT
LIABILITY* ACCRUED PAID LIABILITY TAXES
- -----------------------------------------------------------------------------------------
FEDERAL
- -----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
WITHHOLDING** 0.00 18,372.20 18,372.20 0.00
- -----------------------------------------------------------------------------------------
FICA-EMPLOYEE** 0.00 6,859.23 6,859.23 0.00
- -----------------------------------------------------------------------------------------
FICA-EMPLOYER** 0.00 6,859.22 6,859.22 0.00
- -----------------------------------------------------------------------------------------
UNEMPLOYMENT 0.00 139.36 139.36 0.00
- -----------------------------------------------------------------------------------------
INCOME 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------
OTHER (ATTACH LIST) 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------
TOTAL FEDERAL TAXES 0.00 32,230.01 32,230.01 0.00 0.00
- -----------------------------------------------------------------------------------------
STATE AND LOCAL
- -----------------------------------------------------------------------------------------
WITHHOLDING 0.00 6,250.31 6,250.31 0.00
- -----------------------------------------------------------------------------------------
SALES AND USE 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------
EXCISE 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------
MERCANTILE 7,845.53 0.00 3,507.91 4,337.62
- -----------------------------------------------------------------------------------------
UNEMPLOYMENT 0.00 346.01 346.01 0.00
- -----------------------------------------------------------------------------------------
REAL PROPERTY 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------
PERSONAL PROPERTY 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------
PENNSYLVANIA OCCUPATIONAL 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------
NEW YORK DISABILITY 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------
OTHER (ATTACH LIST) 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------
TOTAL STATE AND LOCAL 7,845.53 6,596.32 10,104.23 4,337.62 0.00
- -----------------------------------------------------------------------------------------
TOTAL TAXES 7,845.53 38,826.33 42,334.24 4,337.62 0.00
- -----------------------------------------------------------------------------------------
</TABLE>
* The beginning tax liability should represent the liability from the
prior month or, if this is the first operating report, the amount should
be zero.
** Attach photocopies of IRS Form 6123 or your FTD coupon and
payment receipt to verify payment of deposit.
<PAGE> 6
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-6
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING MAY 1, 1999
THE DEBTOR IN POSSESSION MUST COMPLETE THE RECONCILIATION BELOW FOR EACH BANK
ACCOUNT, INCLUDING ALL GENERAL, PAYROLL AND TAX ACCOUNTS, AS WELL AS ALL SAVINGS
AND INVESTMENT ACCOUNTS, MONEY MARKET ACCOUNTS, CERTIFICATES OF DEPOSIT,
GOVERNMENT OBLIGATIONS, ETC. ACCOUNTS WITH RESTRICTED FUNDS SHOULD BE IDENTIFIED
BY PLACING AN ASTERISK NEXT TO THE ACCOUNT NUMBER. ATTACH ADDITIONAL SHEETS IF
NECESSARY.
<TABLE>
<CAPTION>
- --------------------------------
BANK RECONCILIATION
ACCOUNT #1 ACCOUNT #2 ACCOUNT #3
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
A. BANK: See note below
- -----------------------------------------------------------------------------------------------------------
B. ACCOUNT NUMBER: TOTAL
- -----------------------------------------------------------------------------------------------------------
C. PURPOSE (TYPE):
- -----------------------------------------------------------------------------------------------------------
1. BALANCE PER BANK STATEMENT
- -----------------------------------------------------------------------------------------------------------
2. ADD: TOTAL DEPOSITS NOT CREDITED
- -----------------------------------------------------------------------------------------------------------
3. SUBTRACT: OUTSTANDING CHECKS
- -----------------------------------------------------------------------------------------------------------
4. OTHER RECONCILING ITEMS (ATTACH LIST)
- -----------------------------------------------------------------------------------------------------------
5. MONTH END BALANCE PER BOOKS
- -----------------------------------------------------------------------------------------------------------
6. NUMBER OF LAST CHECK WRITTEN
- -----------------------------------------------------------------------------------------------------------
</TABLE>
Note: Bank Reconciliations for April 1999, copies of bank statements as of
the end of April for all bank accounts, and a summary of the activity
in each account are included with this MOR. See MOR-6 supporting
schedules.
- --------------------------------
INVESTMENT ACCOUNTS
- --------------------------------
<TABLE>
<CAPTION>
DATE OF TYPE OF PURCHASE CURRENT
BANK ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE
- -----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
7. NatCity Investments - 509394078 12/31/98 Govt Money Market 1,214,498.85 1,214,498.85
- -----------------------------------------------------------------------------------------------------------
8. NatCity Investments - 509394035 12/31/98 Govt Money Market 14,877,810.73 14,877,810.73
- -----------------------------------------------------------------------------------------------------------
9.
- -----------------------------------------------------------------------------------------------------------
10.
- -----------------------------------------------------------------------------------------------------------
11. TOTAL INVESTMENTS 16,092,309.58 16,092,309.58
- -----------------------------------------------------------------------------------------------------------
- --------------------------------
CASH
- --------------------------------
12. CURRENCY ON HAND - per the Company's Bank Statements 211,032.15
- -----------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------
13. TOTAL CASH-END OF MONTH (Total of lines 5, 11, & 12) 16,303,341.73
- -----------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 7
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-7
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING MAY 1, 1999
- --------------------------------------------------------------------------------
PAYMENTS TO INSIDERS AND PROFESSIONALS
- --------------------------------------------------------------------------------
OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS
(AS DEFINED IN SECTION 101(31)(A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO
PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION
PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE TRAVEL, CAR
ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY.
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
INSIDERS
- -------------------------------------------------------------------------------- CUMULATIVE
TYPE OF AMOUNT UNPAID
NAME POSITION PAYMENT PAID BALANCE
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1. BETH SAVAGE CFO, Treasurer & Secretary salary $12,307.70 $0.00
- --------------------------------------------------------------------------------------------------------------------------
bonus $0.00
- --------------------------------------------------------------------------------------------------------------------------
expenses $0.00
- --------------------------------------------------------------------------------------------------------------------------
2. JIM ROMERO VP Operations salary $11,230.76 $0.00
- --------------------------------------------------------------------------------------------------------------------------
bonus $0.00
- --------------------------------------------------------------------------------------------------------------------------
expenses $0.00
- --------------------------------------------------------------------------------------------------------------------------
3. JAMES MORAN President expenses $4,696.76
- --------------------------------------------------------------------------------------------------------------------------
4. TOTAL PAYMENTS TO INSIDERS $28,235.22 $0.00
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
PROFESSIONALS
- --------------------------------------------------------------------------------------------------------------------------
TYPE DATE OF COURT
OF ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID
NAME PROFESSIONAL PAYMENT APPROVED PAID TO DATE
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1. Kirkland & Ellis Attorney 09/16/98 0.00 0.00 402,044.85
- --------------------------------------------------------------------------------------------------------------------------
2. Business Regeneration Services Accountant 09/16/98 183,872.52 183,872.52 713,746.50
- --------------------------------------------------------------------------------------------------------------------------
3. KPMG Peat Marwick LLP Accountant 09/16/98 0.00 0.00 90,847.00
- --------------------------------------------------------------------------------------------------------------------------
4. Otterbourg, Steindler, Houston & Attorney 09/16/98 26,826.20 26,826.20 430,447.62
- --------------------------------------------------------------------------------------------------------------------------
5. Porter, Wright, Morris & Arthur Attorney 09/16/98 9,178.30 9,178.30 93,988.09
- --------------------------------------------------------------------------------------------------------------------------
6. Young, Conaway, Stargatt & Attorney 09/16/98 0.00 0.00 190,944.05
- --------------------------------------------------------------------------------------------------------------------------
7. Donlin, Recano & Company, Inc. Claims Consultant 09/16/98 167,417.88 167,417.88 345,890.91
- --------------------------------------------------------------------------------------------------------------------------
8. Ernst & Young LLP Accountant 09/16/98 27,393.20 27,393.20 385,760.40
- --------------------------------------------------------------------------------------------------------------------------
9. D.G. Hart Associates, Inc. Consultant 11/10/98 57,358.65 57,358.65 104,441.77
- --------------------------------------------------------------------------------------------------------------------------
10. Pepper Hamilton LLP Attorney 11/05/98 7,210.54 7,210.54 18,051.19
- --------------------------------------------------------------------------------------------------------------------------
11. Milbank, Tweed, Hadley & McCloy Attorney 11/23/98 153,564.38 153,564.38 583,244.77
- --------------------------------------------------------------------------------------------------------------------------
12. TOTAL PAYMENTS TO PROFESSIONALS 632,821.67 632,821.67 3,359,407.15
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
ADEQUATE PROTECTION PAYMENTS
- --------------------------------------------------------------------------------------------------------------------------
SCHEDULED AMOUNTS
MONTHLY PAID TOTAL
PAYMENTS DURING UNPAID
NAME OF CREDITOR DUE MONTH POSTPETITION
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. BankBoston Retail Finance, Inc. Term Loan Interest due the 0.00 None
first day of each
month
- --------------------------------------------------------------------------------------------------------------------------
2.
- --------------------------------------------------------------------------------------------------------------------------
3.
- --------------------------------------------------------------------------------------------------------------------------
4.
- --------------------------------------------------------------------------------------------------------------------------
5.
- --------------------------------------------------------------------------------------------------------------------------
6. TOTAL 0.00
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 8
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-8
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING MAY 1, 1999
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------
QUESTIONNAIRE YES NO
- ---------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS
THIS REPORTING PERIOD? X
- ---------------------------------------------------------------------------------------------------------------------
2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION
ACCOUNT? X
- ---------------------------------------------------------------------------------------------------------------------
3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X
- ---------------------------------------------------------------------------------------------------------------------
4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X
- ---------------------------------------------------------------------------------------------------------------------
5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X
- ---------------------------------------------------------------------------------------------------------------------
6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X
- ---------------------------------------------------------------------------------------------------------------------
7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X
- ---------------------------------------------------------------------------------------------------------------------
8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X
- ---------------------------------------------------------------------------------------------------------------------
9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X
- ---------------------------------------------------------------------------------------------------------------------
10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X
- ---------------------------------------------------------------------------------------------------------------------
11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X
- ---------------------------------------------------------------------------------------------------------------------
12. ARE ANY WAGE PAYMENTS PAST DUE? X
- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED
EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
Item #2 - In accordance with a first day motion approved by the
Bankruptcy Court, Sun Television's existing pre-petition
- --------------------------------------------------------------------------------
bank accounts are Debtor-in-Possession bank accounts.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------
INSURANCE YES NO
- ---------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1. ARE WORKERS COMPENSATION, GENERAL LIABILITY AND OTHER
NECESSARY INSURANCE COVERAGES IN EFFECT? X
- ---------------------------------------------------------------------------------------------------------------------
2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X
- ---------------------------------------------------------------------------------------------------------------------
3. PLEASE ITEMIZE POLICIES BELOW. X
- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE
BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN
EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
Item 2: Note that approximately $10,000 in General Liability insurance premium
related to several new stores opened during fiscal 1999 were NOT billed
to the Company until subsequent to the Petition Date and are therefore
included as a Pre-petition debt.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
INSURANCE POLICIES
TYPE OF PAYMENT AMOUNT
POLICY CARRIER PERIOD COVERED & FREQUENCY
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Commercial Property & Casualty C N A 10/1/98 through 9/30/99 -$287,100 paid 10/1/98
- --------------------------------------------------------------------------------------------------------------------
Directors & Officers Liability Genesis Insurance Co. 7/21/98 through 7/21/99 -$199,000 paid in full
- --------------------------------------------------------------------------------------------------------------------
7/27/98
- --------------------------------------------------------------------------------------------------------------------
Workers Compensation Various State Funds 11/19/98 through final -$113,740 paid 11/13/98
store closing date in
various states (A)
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
Note A: Sun applied for state fund coverage in Pennsylvania, Indiana,
Virginia, New York and Kentucky. No coverage was necessary for
Tennessee as final store closed in that state on November 8, 1998. Sun
was required to apply for State Fund coverage for WC due to the EBI
Companies denying coverage after the 30 day extension period. Sun is
still self-insured in Ohio. As of the end of April, final audits were
completed for Pennsylvania, Indiana, Virginia and Kentucky, and were in
process for New York, to determine any required premium adjustments and
close the accounts.
<PAGE> 9
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-9
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING MAY 1, 1999
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
PERSONNEL
- ------------------------------------------------------------------------------------------------------------------------
FULL TIME PART TIME TOTAL
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Total number of employees at beginning of period 26 0 26
- ------------------------------------------------------------------------------------------------------------------------
2. Number of employees hired during the period 0 0 0
- ------------------------------------------------------------------------------------------------------------------------
3. Number of employees terminated or resigned during the period (1) 0 (1)
- ------------------------------------------------------------------------------------------------------------------------
4. Total number of employees on payroll at end of period 25 0 25
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
CHANGE OF ADDRESS
- --------------------------------------------------------------------------------
If your mailing address has changed and you have not previously notified the
United States Trustee of the change, list your new address below:
DATE OF CHANGE:
----------------N/A-----------------
NEW ADDRESS: ----------------N/A-------------------------
<PAGE> 10
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
APRIL 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-4
SUMMARY OF BANK STATEMENT ACTIVITY
<PAGE> 11
DEBTOR:
SUN TELEVISION AND APPLIANCES, INC. CASE NO. 98-02107
MOR-4 SUPPORTING SCHEDULE AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
<TABLE>
<CAPTION>
BANK BANKBOSTON NATIONAL CITY NATIONAL CITY NATIONAL CITY NATIONAL CITY HUNTINGTON
NAT'L
ACCOUNT NAME BRF, INC. FOR
PROCEEDS FROM WORKERS PROFESSIONAL OLD
SUN TV & COMPENSATION PAYROLL FEES PAYROLL
APPLIANCES CONCENTRATION
ACCOUNT NUMBER 804-81979 394035037 3941035053 394035045 394078205 01891448090
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
BALANCE 4/3/99 (6,233.32) 152,886.20 33,687.30 35,422.99 1,000.00 202,472.48
MISCELLANEOUS CORPORATE DEPOSITS 366,082.03
TRANSFERS FROM SMALL BANKS
CREDIT CARD DEPOSITS, NET (1,977.08)
TRANSFERS TO/FROM BANKBOSTON A/C 898-28038 7,156.50 700,470.00
WIRE TSF TO SUN TV CONCENTRATION ACCOUNT 202,472.46
WIRE TSF TO VENDORS (203,273.16) (202,472.48)
WIRE TSF TO NCB A/CS - P/R, W/C, (120,985.99) 14,863.38 106,122.61
HEALTH INS, PROF FEES
WIRE TSF FROM/TO SUN TV SEI (300,000.00)
INVESTMENT FUND
CHECKS PAID (642,174.53) (26,053.60) (34,392.74)
WIRES OUT - DIRECT DEP. & P/R TAX (73,701.10)
NSF CHECKS (141.12)
BANK/CREDIT CARD FEES (632.20) (989.37)
-------------------------------------------------------------------------------------
BALANCE 5/1/99 (1,686.10) 154,346.54 22,497.08 33,451.76 1,000.00
-------------------------------------------------------------------------------------
Beginning of month balance - 419,235.65
above accounts
Beginning of month balance - 3,010.05
small banks ----------
Beginning of month balance - 422,245.70
all accounts ==========
End of month balance - above accounts 209,609.28
End of month balance - small banks 1,422.87
----------
End of month balance - all accounts 211,032.15
==========
</TABLE>
<PAGE> 12
DEBTOR:
SUN TELEVISION AND APPLIANCES, INC. CASE NO. 98-02107
MOR-4 SUPPORTING SCHEDULE AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
<TABLE>
<CAPTION>
BALANCE TOTAL BALANCE
STORE # NAME BANK ACCOUNT 3/31/99 CREDITS NSF CKS BANK FEES TRANSFERS 4/30/99
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
217 FINDLAY OHIO BANK 7067480 $ 1,428.13 $ -- $ -- $ (5.26) $ -- $ 1,422.87
242 BECKLEY BANK ONE WEST 625599303 1,581.92 (1,581.92)
-------------------------------------------------------------------------
GRAND TOTALS $ 3,010.05 $ -- $ -- $ (5.26) $ (1,581.92) $ 1,422.87
=========================================================================
</TABLE>
<PAGE> 13
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
APRIL 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-4
DETAIL LISTING OF ACH AND WIRE TRANSFERS
<PAGE> 14
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS IN POSSESSION
CASE NO. 98-2107 AND 98-2109
FOR THE MONTH ENDING MAY 1, 1999
(COVERING THE PERIOD APRIL 4, 1999 THROUGH MAY 1, 1999)
MOR-4 SUPPORTING SCHEDULE
SUMMARY OF ACH AND WIRE TRANSFERS DURING PERIOD
<TABLE>
<CAPTION>
Type Date Vendor Amount ACH/Wire
---- ---- ------ ------ --------
<S> <C> <C> <C> <C>
Insurance 4/9/99 Medical Mutual 17,011.77 Wire
Insurance 4/16/99 Medical Mutual 10,460.78 Wire
Insurance 4/23/99 Medical Mutual 11,908.29 Wire
Insurance 4/30/99 Medical Mutual 3,584.59 Wire
--------------------
Total Insurance 42,965.43
--------------------
Payroll 4/8/99 ADP 49,816.58 ACH
Payroll 4/23/99 ADP 56,306.03 ACH
--------------------
Total Payroll 106,122.61
--------------------
Professional 4/12/99 Business Regeneration $ 67,918.23 Wire
Professional 3/8/99 Business Regeneration $ 92,389.50 Wire
--------------------
Total Professional 160,307.73
--------------------
Workers Comp 4/13/99 M&N Risk Management $ 3,554.07 ACH
Workers Comp 4/14/99 M&N Risk Management $ 2,000.00 ACH
Workers Comp 4/23/99 M&N Risk Management $ 9,309.31 ACH
--------------------
Total Workers Compensation 14,863.38
--------------------
TOTAL WIRE AND ACH TRANSFERS 324,259.15
====================
</TABLE>
1 of 1
<PAGE> 15
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
APRIL 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-4
DETAIL LISTING OF CHECKS WRITTEN
<PAGE> 16
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(DEBTORS-IN-POSSESSION)
CASE NO. 98-2107 AND 98-2109
MOR-4 SUPPORTING SCHEDULE
POST-PETITION CHECKS FOR THE PERIOD 4/4/99 THROUGH 5/1/99
(ASSOCIATE PAYROLL CHECKS ARE NOT INCLUDED)
<TABLE>
<CAPTION>
- ------------------------
CHECK DATE
- ------------------------
YEAR MON DAY CHECK# PAYEE TYPE AMOUNT
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
99 4 9 713458 MERRILL LYNCH (401K) 401K Administration 6,576.20
- ----------------------------------------------------------------------------------------------------------
401K Administration 6,576.20
- ----------------------------------------------------------------------------------------------------------
99 4 21 713500 MAPSYS INC Consulting 3,806.00
99 4 30 713526 MAPSYS INC Consulting 3,806.00
99 4 5 713429 OPEN TECHNOLOGY GROUP INC Consulting 10,402.50
99 4 13 713473 OPEN TECHNOLOGY GROUP INC Consulting 10,927.50
- ----------------------------------------------------------------------------------------------------------
Consulting 28,942.00
- ----------------------------------------------------------------------------------------------------------
99 4 28 713518 MID-WEST INDUSTRIES INC Contract Labor 778.50
- ----------------------------------------------------------------------------------------------------------
Contract Labor 778.50
- ----------------------------------------------------------------------------------------------------------
99 4 12 713467 JAMES MORAN Employee Expense 1,557.62
99 4 21 713499 JAMES MORAN Employee Expense 3,139.14
99 4 13 713475 PETER BARKER Employee Expense 120.59
99 4 5 713434 ROBERT ALTMAN Employee Expense 68.00
99 4 6 713446 SANDRA WEBB Employee Expense 25.62
99 4 6 713447 SANDRA WEBB Employee Expense 25.66
99 4 21 713501 SANDY WEBB Employee Expense 25.32
99 4 15 713479 TERRY MILLER Employee Expense 4.20
- ----------------------------------------------------------------------------------------------------------
Employee Expense 4,966.15
- ----------------------------------------------------------------------------------------------------------
99 4 30 713524 AMERITECH CREDIT CORPORATION Equipment Rental 18,715.37
99 4 19 713484 EUROPEAN AMERICAN BANK Equipment Rental 4,287.11
- ----------------------------------------------------------------------------------------------------------
Equipment Rental 23,002.48
- ----------------------------------------------------------------------------------------------------------
99 4 9 713454 CHAPTER 13 TRUSTEE Garnishment 154.62
99 4 22 713507 CHAPTER 13 TRUSTEE Garnishment 154.62
99 4 9 713455 PHEAA Garnishment 94.15
99 4 22 713508 PHEAA Garnishment 94.15
- ----------------------------------------------------------------------------------------------------------
Garnishment 497.54
- ----------------------------------------------------------------------------------------------------------
99 4 9 713452 THE BENEFITS GROUP Insurance 12,866.52
- ----------------------------------------------------------------------------------------------------------
Insurance 12,866.52
- ----------------------------------------------------------------------------------------------------------
99 4 12 713471 CARL ZIPF LOCK SHOP INC Maintenance 138.01
- ----------------------------------------------------------------------------------------------------------
Maintenance 138.01
- ----------------------------------------------------------------------------------------------------------
99 4 28 713514 CITY OF BARBOURSVILLE Mercantile Tax 71.03
99 4 28 713517 CITY OF BECKLEY Mercantile Tax 21.29
99 4 28 713516 CITY OF CHARLESTON Mercantile Tax 2,280.49
99 4 28 713515 CITY OF PARKERSBURG Mercantile Tax 55.58
99 4 12 713468 SPECIAL TAX COLLECTOR Mercantile Tax 1,079.52
- ----------------------------------------------------------------------------------------------------------
Mercantile Tax 3,507.91
- ----------------------------------------------------------------------------------------------------------
99 4 5 713431 NATIONAL ARCHIVAL SERVICES LTD Miscellaneous 3,580.67
99 4 30 713527 PR NEWSWIRE Miscellaneous 588.75
99 4 23 713510 QUIKPRO COURIER Miscellaneous 30.00
- ----------------------------------------------------------------------------------------------------------
Miscellaneous 4,199.42
- ----------------------------------------------------------------------------------------------------------
99 4 9 713449 AUTOMATIC DATA PROCESSING Payroll 72.67
99 4 12 713462 AUTOMATIC DATA PROCESSING Payroll 278.38
99 4 22 713503 AUTOMATIC DATA PROCESSING Payroll 204.20
99 4 28 713513 AUTOMATIC DATA PROCESSING Payroll 734.41
- ----------------------------------------------------------------------------------------------------------
Payroll 1,289.66
- ----------------------------------------------------------------------------------------------------------
99 4 5 713437 WV BUREAU OF EMPLOYMENT PROG Payroll Tax 141.45
- ----------------------------------------------------------------------------------------------------------
Payroll Tax 141.45
- ----------------------------------------------------------------------------------------------------------
99 4 13 713476 FEDERAL EXPRESS Postage 18.00
- ----------------------------------------------------------------------------------------------------------
Postage 18.00
- ----------------------------------------------------------------------------------------------------------
99 4 29 713522 BTS,LLC Professional 23,564.79
99 4 6 713442 D.G. HART ASSOCIATES INC. Professional 57,358.65
99 4 5 713430 DONLIN RECANO & COMPANY, INC. Professional 167,417.88
99 4 12 713466 ERNST & YOUNG LLP Professional 27,393.20
</TABLE>
1 of 2
<PAGE> 17
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(DEBTORS-IN-POSSESSION)
CASE NO. 98-2107 AND 98-2109
MOR-4 SUPPORTING SCHEDULE
POST-PETITION CHECKS FOR THE PERIOD 4/4/99 THROUGH 5/1/99
(ASSOCIATE PAYROLL CHECKS ARE NOT INCLUDED)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
99 4 12 713469 MILBANK,TWEED,HADLEY & MCCLOY Professional 153,564.38
99 4 12 713465 OTTERBOURG,STEINDLER,HOUSTON & Professional 26,826.20
99 4 15 713478 PEPPER HAMILTON LLP Professional 2,222.09
99 4 30 713525 PEPPER HAMILTON LLP Professional 4,988.45
99 4 9 713460 PORTER WRIGHT MORRIS & ARTHUR Professional 9,178.30
99 4 21 713498 THE HAUSMAN COMPANIES Professional 8,584.57
- ----------------------------------------------------------------------------------------------------------
Professional 481,098.51
- ----------------------------------------------------------------------------------------------------------
99 4 9 713457 BENEDICT P MIRALIA, TRUSTEE Rent 46,039.73
99 4 5 713428 HUNTINGTON MALL Rent 11,419.40
99 4 9 713450 SYMS CORP Rent 31,622.64
99 4 5 713432 TRI STATE PLAZA PARTNERSHIP LP Rent 15,036.58
99 4 5 713433 WAL MART STORES INC Rent 15,261.75
- ----------------------------------------------------------------------------------------------------------
Rent 119,380.10
- ----------------------------------------------------------------------------------------------------------
99 4 5 713435 PERMA-FIX OF DAYTON, INC. Trash Removal 4,460.00
- ----------------------------------------------------------------------------------------------------------
Trash Removal 4,460.00
- ----------------------------------------------------------------------------------------------------------
99 4 16 713481 U.S. TRUSTEE U.S. Trustee Fees 10,500.00
99 4 19 713483 U.S. TRUSTEE U.S. Trustee Fees 10,000.00
- ----------------------------------------------------------------------------------------------------------
U.S. Trustee Fees 20,500.00
- ----------------------------------------------------------------------------------------------------------
99 4 20 713486 AMERICAN ELECTRIC POWER Utilities 2,281.43
99 4 20 713494 AMERICAN ELECTRIC POWER Utilities 3,371.51
99 4 6 713445 AMERITECH Utilities 220.11
99 4 20 713487 BECKLEY WATER COMPANY Utilities 53.15
99 4 6 713444 BELL ATLANTIC/NYNEX Utilities 90.67
99 4 12 713463 BELMONT CNTY SNTRY SWR DSTRCT Utilities 105.80
99 4 20 713491 CINCINNATI WATER WORKS Utilities 259.60
99 4 20 713490 CITY OF HAMILTON-UTILITIES Utilities 1,395.36
99 4 12 713464 CITY OF ZANESVILLE UTILITIES Utilities 37.33
99 4 20 713492 CLERMONT COUNTY SEWR DISTRICT Utilities 283.12
99 4 22 713504 COLUMBUS CITY TREASURER Utilities 351.55
99 4 22 713505 EAST OHIO GAS CO Utilities 186.87
99 4 21 713497 LANCASTER UTILITIES COLLECTION Utilities 64.53
99 4 20 713493 MOUNTAINEER GAS Utilities 4,029.33
99 4 20 713488 NORTH BECKLEY PUBLIC SERVICE Utilities 60.72
99 4 6 713443 NORTH PITTSBURGH TELEPHONE CO Utilities 561.81
99 4 20 713489 SANITATION DISTRICT NO 1 Utilities 39.46
99 4 20 713495 THE U.L.H.&P. CO. Utilities 4,070.19
99 4 23 713511 WV-AMERICAN WATER CO Utilities 108.76
- ----------------------------------------------------------------------------------------------------------
Utilities 17,571.30
- ----------------------------------------------------------------------------------------------------------
99 4 6 713441 VAC SERVICE CORP Warranty 35,133.30
99 4 13 713474 VAC SERVICE CORP Warranty 426.40
- ----------------------------------------------------------------------------------------------------------
Warranty 35,559.70
- ----------------------------------------------------------------------------------------------------------
99 4 9 713451 THE PMA GROUP Workers' Comp 7,015.15
- ----------------------------------------------------------------------------------------------------------
Workers' Compensation 7,015.15
- ----------------------------------------------------------------------------------------------------------
TOTAL POST-PETITION CHECKS SENT $ 772,508.60
TOTAL VOIDS 1,796.00
TOTAL POST-PETITION CHECKS CUT $ 774,304.60
</TABLE>
2 of 2
<PAGE> 18
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
APRIL 1999 MONTHLY OPERATING REPORT
SUPORTING SCHEDULES FOR MOR-5
PAYROLL TAXES
<PAGE> 19
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(DEBTORS-IN-POSSESSION)
CASE NO. 98-2107 AND 98-2109
MOR-5 SUPPORTING SCHEDULE
PAYROLL TAXES PAYMENT - SUPPORTING DOCUMENTATION
FOR THE MONTH ENDING MAY 1, 1999
<TABLE>
<CAPTION>
Deposit Federal Employee Employer
Date Income Tax FICA Tax FICA Tax Totals
----------------- ------------------ ----------------- ----------------- -----------------
<S> <C> <C> <C> <C> <C>
13-Apr-99 $14,016.12 $3,206.15 $3,206.13 $20,428.40
27-Apr-99 $10,768.36 $3,653.08 $3,653.09 $18,074.53
------------- ----------- ----------- ------------
$24,784.48 $6,859.23 $6,859.22 $32,090.93
============= =========== =========== ============
</TABLE>
<PAGE> 20
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
APRIL 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-6
BANK RECONCILIATIONS
<PAGE> 21
<TABLE>
<CAPTION>
DEBTOR: MOR-6 SUPPORTING SCHEDULE CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. APRIL BANK RECONCILIATIONS AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
A. BANK: THE OHIO BANK BANKBOSTON NATIONAL CITY NATIONAL CITY
B. ACCOUNT NUMBER: 7067480 804-81979 394035037 3941035053
C. PURPOSE (TYPE): STORE DEPOSITS BBRF PROCEEDS CONCENTRATION WORKERS COMP
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT 1,422.87 (1,686.10) 154,346.54 22,497.08
2. ADD: TOTAL DEPOSITS NOT CREDITED - - 4,349.98 -
3. ADD: OUTSTANDING WIRE TRANSFERS - - - -
4. SUBTRACT: OUTSTANDING CHECKS N/A N/A (363,449.43) (3,418.27)
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS - - - -
6. OTHER RECONCILING ITEMS - 1,686.10 585.87 -
7. ADJUSTED BANK BALANCE 1,422.87 - (204,167.04) 19,078.81
8. MONTH END BALANCE PER BOOKS 1,422.87 - (199,875.45) 22,626.92
9. LESS: NSF CHECKS - - - -
10. LESS: BANK/CREDIT CARD FEES - - - -
11. ADD/(LESS): DEPOSIT DIFFERENCES - - - -
12. OTHER RECONCILING ITEMS (ATTACH LIST) - - (4,291.59) (3,548.11)
13. ADJUSTED BALANCE PER BOOKS 1,422.87 - (204,167.04) 19,078.81
14. NUMBER OF LAST CHECK WRITTEN N/A N/A #713527 #7426
</TABLE>
1 of 2
<PAGE> 22
<TABLE>
<CAPTION>
DEBTOR: MOR-6 SUPPORTING SCHEDULE CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. APRIL BANK RECONCILIATIONS AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
A. BANK: NATIONAL CITY NATIONAL CITY
B. ACCOUNT NUMBER: 394078205 394035045
C. PURPOSE (TYPE): PROF. FEES PAYROLL
<S> <C> <C>
1. BALANCE PER BANK STATEMENT 1,000.00 33,451.76
2. ADD: TOTAL DEPOSITS NOT CREDITED - -
3. ADD: OUTSTANDING WIRE TRANSFERS - -
4. SUBTRACT: OUTSTANDING CHECKS - (25,931.94)
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS - -
6. OTHER RECONCILING ITEMS - -
7. ADJUSTED BANK BALANCE 1,000.00 7,519.82
8. MONTH END BALANCE PER BOOKS 1,000.00 (24,739.02)
9. LESS: NSF CHECKS - -
10. LESS: BANK/CREDIT CARD FEES - -
11. ADD/(LESS): DEPOSIT DIFFERENCES - -
12. OTHER RECONCILING ITEMS (ATTACH LIST) - 32,258.84
13. ADJUSTED BALANCE PER BOOKS 1,000.00 7,519.82
14. NUMBER OF LAST CHECK WRITTEN N/A #
</TABLE>
2 of 2
<PAGE> 23
<TABLE>
<CAPTION>
DEBTOR: MOR-6 SUPPORTING SCHEDULE CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. APRIL BANK RECONCILIATIONS AND 98-02109
SUN TV AND APPLIANCES, INC. OTHER RECONCILING ITEMS JOINTLY ADMINISTERED
OTHER RECONCILING ITEMS:
BANKBOSTON
804-81979
BBRF PROCEEDS
<S> <C>
Other reconciling items - Bank
====================
Credit card adjustments 1,686.10
====================
NATIONAL CITY
394035037
CONCENTRATION
Other reconciling items - Bank
====================
Checks shown as outstanding, should be void 585.87
====================
Other reconciling items - Book
Check void on G/L, paid by bank (4,438.84)
Check stopped on bank, not void on G/L 147.25
--------------------
(4,291.59)
====================
NATIONAL CITY
3941035053
WORKERS COMP
Checks not booked (3,548.11)
-------------------
(3,548.11)
===================
NATIONAL CITY
394035045
PAYROLL
Payroll transfer booked, not made until 5/7/99 32,230.53
Miscellaneous reconciling items 28.31
--------------------
32,258.84
====================
</TABLE>
1 of 1
