1.) Do a trend analysis and an analysis of the applicable liquidity, solvency, profitability and market ratios.

INCOME STATEMENT For the year ended December 31, Year 2019 Year 2018 SALES 1,321,840.00 1,369,200.00 LESS: COST OF SALES: Mdse. Invty. Beg Add: Purchases Total Available for sale Less : Mdse. Invty. End. 850,900.00 850,900.00 912,200.00 912,200.00 Total cost of sales 850,900.00 912,200.00 GROSS INCOME 470,940.00 457.000.00 LESS: OPERATING EXPENSES Taxes & licenses Utility expenses Transportation expense Office / store supplies Miscellaneous expense 21,867.82 15,963.23 18,000.00 4,500.00 58,500.00 17,907.12 15,636.65 13,200.00 2,135.00 60,000.00 Total Operating Expenses 118,831.05 108.878.77 NET INCOME 352, 108.95 348, 121.23 INCOME STATEMENT For the year ended December 31, Year 2019 Year 2018 SALES 1,321,840.00 1,369,200.00 LESS: COST OF SALES: Mdse. Invty. Beg Add: Purchases Total Available for sale Less : Mdse. Invty. End. 850,900.00 850,900.00 912,200.00 912,200.00 Total cost of sales 850,900.00 912,200.00 GROSS INCOME 470,940.00 457.000.00 LESS: OPERATING EXPENSES Taxes & licenses Utility expenses Transportation expense Office / store supplies Miscellaneous expense 21,867.82 15,963.23 18,000.00 4,500.00 58,500.00 17,907.12 15,636.65 13,200.00 2,135.00 60,000.00 Total Operating Expenses 118,831.05 108.878.77 NET INCOME 352, 108.95 348, 121.23