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Help with answering these two parts of my analysis report - if you can!! If additional information is required to answer, please let me know.

Help with answering these two parts of my analysis report - if you can!! If additional information is required to answer, please let me know. Thank you in advance for any help!!

Income Statement

Milestone Three - Income Statement

Revenue:

Collars

$ 13,200

Leashes

12,320

Harnesses

12,500

Total Revenue:

$ 38,020

Cost of goods sold

28,258

Gross profit

$ 9,762

Expenses:

General and administrative salaries

$ 1,950

Office supplies

200

Other business equipment

150

Total Expenses

$ 2,300.00

Net Income/Loss

$ 7,461.67

[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.]

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