Question: Based on your income statement, logically interpret the business s performance against the provided benchmarks. Did the company do as well as expected? Explain what

Based on your income statement, logically interpret the businesss performance against the provided benchmarks. Did the company do as well as expected? Explain what happened

Milestone Three

-

Income Statement

Revenue:

Collars $

12, 880

Leashes

10, 800

Harnesses

14, 000

Total Revenue: $

37, 680

Cost of goods sold

(28, 258)

Gross profit $

9, 422

Expenses:

General and administrative salaries $

(2, 450)

Office supplies

(165)

Other business equipment

(750)

Total Expenses $

(3, 365.00)

Net Income

/

Loss $

6, 056.67

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