Profit & Loss Statement report Report Description Reports list Profit & Loss Statement 12/1/08 through 12/31/08 Income Sales Retail Sales $5,318.00 Wholesale Sales $1,567.50 Consignment Sales $2,000.00 Total Income $8,885.50 Cost of Sales Retail Cost of Sales $3,419.31 Wholesale Cost of Sales $1,001.33 Total Cost of Sales $4,420.64 Gross Profit $4,464.86 Expenses Car & Truck Expenses $100.00 Freight Paid $48.95 Insurance (other than health) $45.00 Utilities $450.00 Wages Paid $750.00 Other Expenses Total Expenses $1,348.95 Net Profit/(Loss) $3,115.91