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.

Revenue:
Collars 644*20	$ 12,880
Leashes 540*20	10,800
Harnesses 700*20	14,000
Total Revenue: 12,880+10,800+14,000		$ 37,680
Cost of goods sold		172,258
Gross profit		$ 209,938
Expenses:
General and administrative salaries	$ 2,450
Depreciation	165
Rent	750
Utilities and insurance	600
Scissors, thread, and cording	$ 1,200.00
Loan	550
Total Expenses		$ 5,715.00
Net Income/Loss 209938 - 5715		$ 204,223.00