Kim Possible Integrated Toys Ltd. Income Statement Year Ended December 31, 2009 2009 2008 Sales $858,000 Cost of goods sold 513,000 $803,000 509,000 Gross margin 345,000 294,000 Amortization Expense 49,000 53,000 Operating Expense 195,000 244.000 184.000 237,000 Income from operations 101,000 57,000 Interest Revenue 4,000 0 Interest Expense 24.000 14.000 Income before taxes 81,000 43,000 Income taxes 33,000 17,000 Net income $48.000 $26,000