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)