Income Statement for the period ending December $31,2023$

Item

Amount Income:

Gross Sales

Less: Returns

Net Sales

Cost of Goods Sold

Gross Profit

Dividend Income

Interest Income$-$Bank

Interest Income$-$U$.$S$.$ Treasury

Municipal Bond Interest Income

Capital Loss$-$Shares of Apple, Inc.

Total Income:

Expenses:

$\backslash$table$[[$Employee Salaries$-,743,500],[$Repairs and Maintenance,$19,000],[$Bad Debts$-,44,000],[$Rent$,230,000],[$Payroll Faxes$-,60,000],[$Licensing Fees,$4,500],[$Property Taxes$-,12,500],[$Interest Expense,$140,000],[$Depreciation$-,278,500],[$OfficeSupplies$,5,400],[$EmployeeTraining$,3,600],[$Employee$-$Benefits,$24,000],[$Charitable Contribution$-,9,700],[$Advertising$,70,000],[$Meals$,3,400],[$Iravel$,600],[$Thsuranee$-,19,750],[$Utilities$,142,000],[$Ielephone$,14,500],[$Federal income tax expense$/($benefit$),21,910],[$Total Expenses:,$1,845,160$