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Gross Sales $ 32,000,000.00 Cost of Goods Sold 20,360,000.00 Gross Profit 11,640,000.00 Other Income: Dividends 65,000.00 Interest 20,000.00 Tax-Exempt Interest 6,000.00 Capital Loss (22,000.00) Total

Gross Sales $ 32,000,000.00
Cost of Goods Sold 20,360,000.00
Gross Profit 11,640,000.00
Other Income:
Dividends 65,000.00
Interest 20,000.00
Tax-Exempt Interest 6,000.00
Capital Loss (22,000.00)
Total Income 11,709,000.00
Expenses:
Salaries and Wages 800,000.00
Charitable Contributions 40,000.00
Meals 54,000.00
Total Expenses 894,000.00
Net Income Per Books $ 10,815,000.00

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