For month ending		1/31	2/28	3/31
Income Statement:
Total Sales	P	$62.000	$65,000	$70,000
Cost of Goods Sold	C	$39,370	$41,275	$44,450
Gross Profit	C	$22,630	$23,725	$25,550
Gross Profit Percentage	P	36.5%	36.5%	36.5%
Operating Expenses:
Wages	P	$11,000	$17,500	$12,000
Payroll Taxes	P	$880	$1400	$960
Property Taxes	P	-0-	-0-	-0-
Rent	P	$8,000	$8,000	$2,000
Telephone & Utilities	P	$2,400	$2,400	$2,200
Repairs	P	$150	$150	$150
Advertising	P	$1,575	$1,600	$1,700
Accounting & Legal	P	$200	$200	$200
Automobile	P	$140	$140	$140
Bank Charges	P	$210	$210	$210
Computer Operations	P	$175	$175	$175
Dues & Subscriptions	P	$300	-0-	-0-
Insurance - General & Workmans Compensation	P	$800	$800	$800
Licenses & Taxes (not sales)	P	$100	-0-	-0-
Office & Store Supplies	P	$300	$300	$300
Outside Services	P	$250	$250	$250
Travel	P	$1000	-0-	-0-
Total Operating Expenses:	C	$27,480	$33,125	$21,085
Operating Income:	C	($4,850)	($9,400)	$4,465
Other Income/Expenses:
Miscellaneous Income	P	-0-	-0-	-0-
Interest Income	P	$265	-0-	-0-
Interest Expense	P	-0-	-0-	-0-
Net Income before Taxes:	C	($4,585)	($9,400)	$4,465
Income Taxes:	P	-0-	-0-	-0-
Net Income (Loss)	C	($4,585)	($9,400)	$4,465
Cash balance beginning of Month	P/C	$17,500	$9,445	($14,627)
Add:
Cost of Goods Sold	C	$39,370	$41,275	$44,450
Less:
Inventory Purchases	P	$42,000	$54,850	$47,500
Freight	P	$840	$1,097	$950
Principal Payments on Loans	P	-0-	-0-	-0-
Cash balance end of month	C	$9,445	($14,627)	($14,162)

Profits+Plus
P.O. Box 1577
St. Petersburg, Fl 33731
(727) 464-2182
Fax: (727) 898-3179

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