| California Crunch Company |
| Statements of Income |
| For the year ended December 31, | | | | | | 2018 | 2017 |
| Net Sales (less returns & allowances) | | | | | | $ 8,353,542 | $ 7,998,832 | | 4% |
| Cost of Goods Sold | | | | | | 3,745,623 | 3,621,532 | | 3% |
| Gross Margin | | | | | | 4,607,919 | 4,377,300 | | 5% |
| Operating Expenses: |
| Advertising | | | | | | 115,325 | 113,452 | | 2% |
| Bad Debt Expense | | | | | | 65,232 | 62,585 | | 4% |
| Depreciation and Amortization | | | | | | 75,210 | 73,565 | | 2% |
| Dues & Subscriptions | | | | | | 600 | 575 | | 4% |
| Insurance | | | | | | 60,800 | 60,600 | | 0% |
| Licenses & Fees | | | | | | 300 | 285 | | 5% |
| Marketing & Promotion | | | | | | 52,632 | 51,025 | | 3% |
| Meals and Entertainment | | | | | | 25,030 | 24,345 | | 3% |
| Office Expenses | | | | | | 14,325 | 14,652 | | -2% |
| Office Supplies | | | | | | 24,003 | 23,458 | | 2% |
| Salaries & Wages | | | | | | 2,380,105 | 2,192,032 | | 9% |
| Professional Fees | | | | | | 39,700 | 38,500 | | 3% |
| Property Taxes | | | | | | 19,220 | 19,000 | | 1% |
| Rent | | | | | | 85,230 | 84,360 | | 1% |
| Repairs & Maintenance | | | | | | 1,450 | 1,500 | | -3% |
| Shipping Delivery | | | | | | 770 | 730 | | 5% |
| Travel Expenses | | | | | | 75,830 | 73,560 | | 3% |
| Utilities | | | | | | 35,230 | 34,250 | | 3% |
| Leased Equipment | | | | | | 44,000 | 43,750 | | 1% |
| Other | | | | | | 15,320 | 14,756 | | 4% |
| Total Operating Expenses | | | | | | 3,130,312 | 2,926,980 | | 7% |
| Operating Income | | | | | | 1,477,607 | 1,450,320 | | 2% |
| Interest Expense | | | | | | 84,658 | 83,950 | | 1% |
| Other Income (interest, royalties) | | | | | | 5,920 | 5,725 | | 3% |
| Income Before Taxes | | | | | | 1,398,869 | 1,372,095 | | 2% |
| Income Taxes | | | | | | 489,604 | 480,233 | | 2% |
| Net Income | | | | | | $ 909,265 | $ 891,862 | | 2% |
Tico
WritingProject-IncomeStatements.xls
