Revenue: Grooming $- Day Care - Boarding - Total Revenue $- Cost of Goods Sold * - Gross Profit $- Expenses: G&A Salaries $- Advertising - Cleaning Products - Depreciation - Rent - Loan - Utilities and Insurance - Total Expenses $- Net Income / Loss $- * Cost of Goods Sold = Cost of Services (COS) There is no finished goods inventory to maintain. Additional information necessary to complete the income statement: General and Administrative Salaries paid = $1,200 Advertising = $100 Cleaning Products = $120 Depreciation = $83 Rent = $650 Loan = $420 Utilities and Insurance = $600