New Home Income Statement Year Ended December 31, 2025 Net Sales Revenue $ 162.000 Cost of Goods Sold: Beginning Merchandise Inventory $ 8,000 76,000 Plus: Net Cost of Inventory Purchased Cost of Goods Available for Sale 84,000 13,600 Less: Ending Merchandise Inventory Cost of Goods Sold 70,400 Gross Profit 91,600 67,400 Operating Expenses Net Income 24,200 New Home Income Statement Year Ended December 31, 2025 Net Sales Revenue $ 162.000 Cost of Goods Sold: Beginning Merchandise Inventory $ 8,000 76,000 Plus: Net Cost of Inventory Purchased Cost of Goods Available for Sale 84,000 13,600 Less: Ending Merchandise Inventory Cost of Goods Sold 70,400 Gross Profit 91,600 67,400 Operating Expenses Net Income 24,200