Apollo Shoes, Inc.							R - 1
Schedule of Revenues						Prepared by
For Year Ended 12/31/2007						Reviewed by
PBC
		(Audited)	Unaudited
		Balance	Balance
Acct #	Account Title	12/31/2006	12/31/2007	Comments
40000	Sales	$246,172,918.44	$245,213,452.88
41000	Sales Returns	($4,497,583.20)	($13,600,220.89)
42000	Warranty Expense	($1,100,281.48)	($1,158,128.47)
	Net Sales	$240,575,053.76	$230,455,103.52
45000	Income from Investments	$0.00	$1,426,089.31
46000	Interest Income	$204,302.81	$131,881.46
47000	Miscellaneous Income	$0.00	$2,145,000.00
		$240,779,356.57	$234,158,074.29				After looking at this please answer the following question [please} A. Use analytic procedures on returns and warranty expense to make sure that they are reasonable (found in the 2007 schedule of revenues) Use analytic procedures on returns and warranty expense to make sure that they are reasonable (found in the 2007 schedule of revenues)