HAPPY BELLY INCOME STATEMENT

For the Years Ending(Sept. 5, 2019 and Sept. 5, 2018)

Revenue 2019 2018

Gross Sales 170,000
(Less sales returns and allowances) -20,000 -
Net Sales 150,000 -
Cost of Good Soldlds
Beginning inventory
Goods Purchased or Manufactured 115,000
Total Goods Available 115,000 -
(Less Ending Inventory)
Cost of Good Solds 115,000 -

Gross Proft (Loss) 35,000 -

Expenses
Advertising
Bad Debt
Commissions
Depreciation 12,500
Employee Benefits
Furniture and Equipment
Insurance
Maintenance and repairs
Office Supplies
Payroll taxes
Rent
Research and development
Salaries and wages
Software
Travel
Utilities
Web hosting and domains
Other 11,500
Total Operating Expenses 24,000 -

Operating Incomse (Loss) 11,000 -

Non-operating revenues, expenses, gains, losses 13,600
(Less interest expense) -7,000
Income Before Taxes 15,180 -
(Less income tax expenses) -1,620
Income From Continuing Operations 13,560 -
Below-the-Line Items
Income from discontinued operaions
Extraordinary items
Cumulative effects of accounting charges
Net Incom 13,560 -