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can you pleas check if my adjusted ammounts and percentages good 38 39 40 41 Comparative Statement of income For the Years Ended December 31,

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38 39 40 41 Comparative Statement of income For the Years Ended December 31, 2020 and 2019 2020 $ 850,000.00 $475,000.00 $ 375 000.00 2019 $ 790,000.00 $ 450,000.00 $ 340,000.00 Adjustment $ 60,000.00 $ 25,000.00 $ 35,000.00 2020 Percent 100.00% 55.88% 44 12% 2019 Percent 100.00% 56.96% 43.04% 42 43 Sales 44 Cost of Goods Sold 45 Gross Margin 46 Operating Expenses: 47 Salaries and Wages Expense 48 Rent Expense 40 Depreciation Expense 50 Total Operating Expenses 51 Income from Operations 52 LOSS on sale of Equipment 53 interest Expense 54 Increase (Decrease) in Operating Income 55 Income before Taxes 56 Federal Income Taxes 57 Net Income 58 $ 120,000.00 $ 30.000.00 $ 32,000.00 $ 182,000.00 $ 193 000.00 2,000.00 $ 4,000.00 $ (6,000 00) $ 187,000.00 $ 56,100.00 $ 130 900 00 $ 200,000.00 $ 40,000.00 S 10,000.00 $ 250,000.00 $ 90,000.00 $ $ 5,000.00 $ (5,000.00 $ 85 000.00 $ 25 500.00 $ 59,500.00 $ (80,000.00) $ 10.000) $ 22,000.00 $ (68,000.00 103,000.00 $ 2,000.00 $ (1000.00) $ (1.000.00) 102.000.00 30, 600.00 $ 71.400.00 14.12% 3.53% 3.76% 21.4196 22.71% 0.2496 0.47% -0.71% 22.00% 6 60% 15 ana 25 32% 5.06% 1.27% 31.6591 11.39% 0.00% 0.63% -0.63% 10.76% 3.23% 60 61 Comparative Statement of Retained Earnings For the Years Ended December 31, 2020and 2019 62 63 64 65 Retained Earnings, Beginning of Year 66 Net Income 67 Less: Dividends Retained Earnings, End of Year 68 2020 $ 150,000.00 $ 130,900.00 $ 80,900.00 $ 200,000.00 $ $ 2019 130,000.00 59,500.00 39,500.00 150,000.00 Adjustment 20,000.00 $ 71,400.00 $ 41,400.00 $ 50,000.00 $ 69

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