NCOME STATEMENT Particulars Amount Income 56,897,573 Revenue 56,875,221 Interest Earned 22,352 Expenses Cost of Sales: 32,775,264 Cost of Goods Sold 32,733,149 Utilities Expense 42,115 Gross Profit: Operating Expenses: 13,345,676 Salaries Expense 3,255,449 Rent Expense 956,224 Depreciation Expense: Equipment 321,588 Depreciation Expense: Building 459,887 Bad Debt Expense 896,338 Insurance Expense 1,100,365 Interest Expense 1,555,300 Income Tax Expense 4,800,525 Operating Profit: 18,397,451 Profit: 10,776,633 BALANCE SHEET Particulars Amount Assets Current Assets: 21,322,431 Cash 2,690,644 Accounts Receivable 5,890,887 Inventory 12,595,645 Prepaid Insurance 145,255 Non Cur