2023 2024 "Vertical Analysis 2024" Horizontal Analysis 2023 to 2024 Income 401 Sales 31,140.00 74,592.00 Total Income $31,140.00 $74,592.00 Cost of Goods Sold 501 Cost of Goods Sold 12,570.00 30,000.00 Total Cost of Goods Sold $12,570.00 $30,000.00 Gross Profit $18,570.00 $44,592.00 Expenses 601 Advertising 705.00 2,200.00 603 Bank Charges 60.00 180.00 605 Dues & Subscriptions 275.00 500.00 607 Depreciation Expense 800.00 3,200.00 609 Freight & Delivery 206.45 540.92 611 Insurance 750.00 3,000.00 619 Meals and Entertainment 282.51 482.94 621 Office Supplies 538.78 1,022.53 623 Rent or Lease 6,000.00 18,000.00 625 Repair & Maintenance 290.00 480.00 627 Shipping and delivery expense 94.00 145.00 629 Stationery & Printing 669.00 300.00 633 Telephone Expense 557.09 1,257.07 635 Utilities 248.65 1,384.33 Total Expenses $11,476.48 $32,692.79 Net Operating Income $7,093.52 $11,899.21 Net Income $7,093.52 $11,899.21