Income Statement
For the Year ended December 31, 2002
Sales Revenue:				$1,045,000
Operating Expenses:
Depreciation Expense			$33,000.00
Supplies			$22,000.00
Cost of Goods Sold			$665,000.00
Rent			$29,400.00
Salary			$225,000.00
Total Operating Expenses:				$974,400
Income before Interest and Taxes:				$70,600
Interest Expense			$6,545.00
Income before Taxes:				$64,055
Income Tax Expense			$14,300.00
Net Income:				$49,755