For the years ended December 31, Rental Revenue Other Revenues (note 1) Total Revenues Cost Of Revenue (note 2) 411,472 Gross Profit Marketing General and Administrative (note 3) 254,721 Operating Income Notes to Income Statement Note 1: Other Revenues 2004 $892,513 212,432 $1,104,945 441,978 $662,967 110,495 287,286 $265, 187 2003 $796,500 183,195 $979,695 $568,223 97,970 $215,533 2002 $759,656 171,923 $931,579 419,211 $512,368 93,158 242,211 $177,000 Other revenues consist Of charges to guests for charges for other goods and services. Note 2: Cost Of Revenue Cost of revenue includes all payroll related costs Of employees; depreciation on the property, improvements, and furniture; linen service charges; utilities; and bed taxes. Depreciation in cost of revenue Building (40 year life, Straight line) Property Improvements (various) Furniture (5 year life, Straight line) Note 3: General and Administrative Expenses 2004 $50,000 72,000 88,000 2003 $50,000 68,500 82,000 2002 $50,000 65,000 82,000 General and administrative expenses do not include a salary for S. Rivera, the owner Of the hotel, since this is a sole proprietorship and not a corporation. Ms. Rivera took drawings Of $75,000 in 2004; $72,000 in 2003; and $70,000 in 2002 in addition to the expenses listed above. These amounts approximate what a manager would be paid. General and administrative expenses also include depreciation on equipment Of $22,000 in 2004; $23,000 in 2003, and $27,000 in 2002.