KANPUR CO. Statement of Owner's Equity Gerri Faber, July 1, 2013 Gemi Faber, capital, June 30, 2014 F G H I J E KANPUR CO. Income Statement $9,175,000 $ 160,000 90,000 250,000 $ 8,925,000 5,620,000 $ 3,305,000 Revenue from sales: Sales Less: Sales returns and allowances Sales discounts Net sales Cost of merchandise sold Gross profit Expenses Selling expenses: Sales salaries expense Advertising expense Depreciation expense-store equipment Miscellaneous selling expense Total selling expenses Administrative expenses Office salaries expense Rent expense Insurance expense Depreciation expense-office equipment Office supplies expense $ 850,000 420,000 33.000 18,000 $1,321,000 $ 540,000 48,000 24.000 10,000 4,000 Pr. 6-5B