You receive the following income statement for the first 3 months of the year. Explain in marketing terms any positives or negatives that you garner from this income statement.

55,000 (26,000) 29,000 Wendy's Wholesale Income Statement January 1 - March 31 $ Revenue (Sales) Stock at March 31 34,000 Purchases 12,000 SUB TOTAL 46,000 Less Stock at January 1 (20,000) Costs to deduct from Revenue GROSS PROFIT Less Overheads: Wages 8,000 Rent 1,500 Electricity 700 Insurance 500 Distribution 800 Other Expenses 1,800 Reserve for Bad Debts 2.750 Depreciation 200 Less Total Overheads NET PROFIT Before Tax (16,250) 12,750