Morgan Manufacturing Corp. Income Statement For the Year Ended December 31, 2019 Sales, net 20192018 Less: Cost of goods sold Gross profit Operating expenses Selling Salaries and benefits Delivery Office supplies $12,756,800 Warranty Total selling General and administrative Bad debts Depreciation Lawsuit damages Professional fees Total general and adminstrative Total operating expenses Income from operations Other income Rent revenue Income before interest and income taxes Interest expense Morgan Manufacturing Corp. Income Statement For the Year Ended December 31, 2019 Sales, net 20192018 Less: Cost of goods sold Gross profit Operating expenses Selling Salaries and benefits Delivery Office supplies $12,756,800 Warranty Total selling General and administrative Bad debts Depreciation Lawsuit damages Professional fees Total general and adminstrative Total operating expenses Income from operations Other income Rent revenue Income before interest and income taxes Interest expense