Profit & Loss Statement
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2007 profit & loss statement (for period from january 1, 2007 to december 31, 2007) Income Gross Sales $43,139.00 Total Income $43,139.00
Expenses Advertising 1,596.00 Fuel 593.00 Meals & Entertainment ($54 x 50%) 27.00 Materials & Supplies (COG) 2,503.00 Office supplies 32.00 Rental Expense 2,555.00 Telephone & Utilities 132.00 Total Expenses 2007 Profit or (Loss) (income less Expenses) Prepared by: Teresa L. Tropf, E.A. Enrolled to Practice Before the Internal Revenue Service P.O. Box 764 Clearlake Oaks, CA 95423-0764 Telephone & Facsimile: (707) 998-1958
$35,701.00
$7,438.00
Expenses Advertising 1,596.00 Fuel 593.00 Meals & Entertainment ($54 x 50%) 27.00 Materials & Supplies (COG) 2,503.00 Office supplies 32.00 Rental Expense 2,555.00 Telephone & Utilities 132.00 Total Expenses 2007 Profit or (Loss) (income less Expenses) Prepared by: Teresa L. Tropf, E.A. Enrolled to Practice Before the Internal Revenue Service P.O. Box 764 Clearlake Oaks, CA 95423-0764 Telephone & Facsimile: (707) 998-1958
$35,701.00
$7,438.00
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