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Based on your income statement, logically interpret the business s performance against the provided benchmarks. Did the company do as well as expected? Explain what

 Based on your income statement, logically interpret the businesss performance against the provided benchmarks. Did the company do as well as expected? Explain what happened
 

Milestone Three - Income Statement
Revenue:
Collars $12,880
Leashes 10,800
Harnesses 14,000
Total Revenue: $37,680
Cost of goods sold (28,258)
Gross profit $9,422
Expenses:
General and administrative salaries $(2,450)
Office supplies (165)
Other business equipment (750)
Total Expenses $(3,365.00)
Net Income/Loss $6,056.67

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