Income Statement, for year ended Dec 31, 2016 2015 Sales $6,250,0 $5,450,0 00 00 Cost of Sales 5.125.00 4.400.00 Gross Margin 1,125,00
1,050,00 Operating Expenses 580,00 550,00 0 10 Operating Income 545,000 500,000 Taxes 218.00 200,00 Net Income $327,000 $300,000
Cash Flow From Operations 2016 2015 Net Income $327,000 $300,000 Plus Depreciation Expense 125,000 125,000 + Decrease.

Sales Cost of Sales Gross Margin 2016 2015 $6,250,0 $5,450,0 00 5.125.00 4.400.00 1,125,00 1,050,00 00 0 0 0 580,00 550,00 Operating Expenses 0 0 Operating Income 545,000 500,000 218.00 200.00 Taxes 0 0 Net Income $327,000 $300,000 Cash Flow From 2016 2015 Operations Net Income $327,000 $300,000 Plus Depreciation Expense + Decrease (-inc) in AccRec. and Inv. +Increase (-dec) in Cur. Liabl. Cash Flow from Operations 125,000 125,000 (275,000) 200,000 $377,000 $425,000