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Maria has started her own business as a sole proprietor selling custom made leather bags. During the past year, she generated $18,000 in sales revenue,
- Maria has started her own business as a sole proprietor selling custom made leather bags. During the past year, she generated $18,000 in sales revenue, had $2,300 in cost of goods sold, paid $1,200 in Advertising expense, paid $1,100 for rent at two trade shows, and incurred travel costs of $780, business insurance of $300, commissions of $250 and depreciation of $300. Prepare a Schedule C for Maria based on the above information.
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