Rudy's Bookshelf
Income Statement
July 2005-June 2006
Sales
  Online 11,000
  Festivals and fundraisers 3,400
   Less Fundraising discount (680)
Net Sales 13,720
 
COGS 8,640
Gross Profit 5,080
 
Expenses  
Payroll 0
Marketing  
Display ad Renewal magazine 900
Catalog 2,750
Depreciation 310
Insurance 600
Legal & Professional Services: 750
Office Expense: 50
Taxes  
   State Excise tax (3% of sales) 412
   L&I ($.10/hour, 160 hrs/mo) 192
Telephone 600
Travel 300
Web hosting and e-commerce 645
Total Expenses 8,239
 
Net Income Before Taxes (3,159)