Income Statement
Revenue:
Collars	$ 13,440
Leashes	11,960
Harnesses	13,200
	$ 38,600
Total Revenue:		$ 38,600
Cost of goods sold		28,258
Gross profit		$ 10,342
Expenses:
General and administrative salaries	$ 2,450
Depreciation	165
Rent	750
Utilities and insurance	200
Scissors, thread, and cording	$ 1,200.00
Loan	183
	4,948
Total Expenses		$ 4,948.00
Net Income/Loss		$ 5,394.00

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

Break even analysis: collars leashes harnesses

sale price $24 $26 $30

Fixed cost 855 4028 4201

Contribution margin 14.90 13.90 11.40

Break-Even Units 270.34 289.78 368.51

Target profit 300 400 500

Break even units 476 366 253

Target profit 500 600 650