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On September 1, Allison opened a retail store that specializes in sports car accessories. The name of the store is Toge Pass. The store is

On September 1, Allison opened a retail store that specializes in sports car accessories. The name of the store is "Toge Pass." The store is located at 617 Crandon Boulevard, Key Biscayne, FL 33149. The store uses the cash method of accounting and has the EIN 98-7321654. Allison purchased inventory in August and thus started her business on September 1 with $40,100 of inventory. The Toge Pass accountant provided the following financial information:

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Income Statement Tags Pass Auto Pam Calendar Year 2M? Fh'amlal SIaIamama in LLS. Dellara Revenue Glass Salas Lees: Salas Ram and Alumnus Net Buns Cost of Goods- Sold Begirl'im mm Md: Purchaaee Inventorynvahbla Lastnd'ngIm-renlory Caaleloodeold BmeltLou] Mm Dunn and SW Gi'la Ina-area Imeree! Legal and meeaaier Feee Llaemee and Feee Mleaalaneaue Ofce Eapenaa Fayre! Taxaa Postaga Rem Repairs and Malrrlananaa Staples Telephone Travel Urifenna um Velma Emma: Wages Tolal memes Nat Operating Mama Other Income Ga'n (Lose) on Sa of Assam Irtereet hmme Total Other ham atlncomaliLnaal

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