Ye Old Sweets

Income Statement
For Year Ended December 31

2016 % 2017 %
Revenues
Sales Revenue $ 648,632.17 100% $ 723,154.47 100%
Interest Revenue 1,210.83 0% 1,424.66 0%
Less: Cost of Goods Sold 473,980.16 73% 529,920.29 73%
Gross Margin 175,862.84 27% 194,658.84 27%

Operating Expenses
Advertising Expense 8,385.84 1% 9,623.01 1%
Bad Debts Expense 10,985.01 2% 4,824.31 1%
Depreciation Expense 2,210.90 0% 2,150.69 0%
Income Tax Expense 7,256.03 1% 7,360.10 1%
Insurance Expense 12,112.50 2% 12,112.50 2%
Interest Expense 750.49 0% 725.36 0%
Meals and Entertainment Expense 2,661.49 0% 4,410.60 1%
Miscellaneous Expense 1,875.17 0% 2,639.61 0%
Rent Expense 12,285.73 2% 12,290.69 2%
Repairs Expense 5,980.47 1% 6,030.62 1%
Utilities Expense 3,698.25 1% 4,989.26 1%
Wages Expense 64,870.33 10% 80,230.44 11%
Website and Hosting Expense 5,620.57 1% 6,220.47 1%
Total Operating Expenses 138,692.78 21% 153,607.66 21%

Net Income $ 37,170.06 6% $ 41,051.18 6%

2017 Expenses

Advertising Expense Bad Debts Expense

Depreciation Expense Income Tax Expense
Insurance Expense Interest Expense
Meals and Entertainment Expense Miscellaneous Expense
Rent Expense Repairs Expense
Utilities Expense Wages Expense
Website and Hosting Expense

10/17/2017