Bromley's Formal Wear
		Income Statement
		November 30
REVENUE

Sales Contract VE                       	$316,270.01
Open House and Trade Shows              	$17,302.75
Sales Returns                           	$0.00
Total Revenue                               			$333,572.76

COST OF GOODS SOLD

Beginning Inventory                   	$100,000.00
Purchases                               $120,858.42
Purchases Returns                       $0.00
Cost of Merchandise Available for Sale  $220,858.42
Ending Inventory                        $50,502.92
Cost Of Good Sold                       $170,355.50
Gross Profit                                     		$163,217.26

Expenses

Salary Expense                          	$119,166.67
Rent Expense                            	$3,750.00
Repairs Expense                         	$350.00
Alteration Expense                      	$459.25
Advertising Expense                     	$1,000.00
Supplies Expense                        	$135.00
Depreciation Expense                    	$491.12
Insurance Expense                       	$812.50
Miscellaneous Expense                   	$200.00
Payroll Taxes Expense                   	$14,121.25
Legal and Accounting Expense            	$0.00
Utilities Expense                       	$2,187.50
Bad Debts Expense                       	$0.00
Interest Expense                        	$1,508.00
Delivery Expense                        	$25.00
Total Expenses                                    		$144,206.29
Net Profit                                       		$19,010.97