Boulton's Toy Emporium Income Statement For the Month Ended April 2015 Revenue Sales Revenue 45,100.00 Sales Returns 1,010.00 Sales Discounts 827.64 1,837.64 Net Sales 43,262.36 Cost of Goods Sold 17,328.40 Gross Profit 25,933.96 Operating Expenses Advertising Expense 518.40 Amort. Expense - Furniture 943.08 Amort. Expense - Equipment 1,278.40 Amort. Expense - Truck 122.22 Bad Debt Expense 865.25 Freight-out 770.00 Rent Expense 125.00 Supplies Expense 1,200.00 Utilities Expense 100.00 Total Operating Expenses 5.922.35 Operating Income 20,011.61 Interest Expense 1,142.25 Loss on Sale of Assets 123.92 Total Non-Operating Expenses 1,266.17 Net Income 18,745.44