2022 Sales 6,128,571.43 Less: Cost of Sales Beginning Direct Materials 0.00 Purchases 2,151,132.50 Direct Materials Available for Use 2,151,132.50 Ending Direct Materials (277,160.59) Direct Materials Used 1,873,971.92 Direct Labor 1,120,952.85 Manufacturing Overhead 769,573.57 Total Manufacturing Cost 3.764,498.34 Beginning Work in Process Total Goods Placed in Process 3,764,498.34 Ending Work in Process 1.00 Total Goods Manufactured 3,764,498.34 Beginning Finished Goods Inventory 1.00 Total Goods Available for Sale 3,764,498.34 Ending Finished Goods Inventory (402,257.63) Cost of Goods Sold 3,362,240.71 Gross Profit 2,766,330.71 Selling Expenses Promotional Experees 20 000 00 Advertising Expenses 25,000 00 Salary Expenses 167,544.00 Store Supplies 5000 00 Utilities Expense 12 000 00 Communication Expense 900600 Depredation Expense . Store Equipment 2,541 30 Total Selling Expenses 241,085.20 Administrative Expenses Business Permit, Licenses and Local Taxes 60,000.00 Office Supplies Expense 5,000.00 Utilities Expense 12,000.00 Communication Expense Rent Expense 112,500.00 Depredation Expense - Office Equipment 5,212.50 Total Administrative Expenses 203,712.50 Finance Charge 67,500.00 Total Expenses (512,257.70) Net portit before Tax 2 254,033.02 Income Tax Expense (563,508.25) NET PROFIT AFTER TAX 1,690,524.76