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Villamin John Mark Enterprise

Income Statement
For the Twelve Months Ending December 31, 2016

Current Month Year to Date

Revenues
Sales - Aircon $ 4,371,905.00 100.00 $ 12,002,634.00 100.00

Total Revenues 4,371,905.00 100.00 12,002,634.00 100.00

Cost of Sales
Cost of Sales 3,337,034.55 76.33 9,200,133.50 76.65

Total Cost of Sales 3,337,034.55 76.33 9,200,133.50 76.65

Gross Profit 1,034,870.45 23.67 2,802,500.50 23.35

Expenses
Purchase Discount 0.00 0.00 0.00 0.00
Salaries and Wages 44,000.00 1.01 561,000.00 4.67
Rent Expense 25,000.00 0.57 350,000.00 2.92
Advertising Supplies 0.00 0.00 10,200.00 0.08
Supplies Expense 0.00 0.00 0.00 0.00
Delivery Expense 0.00 0.00 0.00 0.00
Insurance Expense 25,000.00 0.57 300,000.00 2.50
Doubtful Accounts Expense 0.00 0.00 0.00 0.00
Depr. Exp. - Furniture and Fix 12,896.02 0.29 12,896.02 0.11
Depr. Exp. - Computer Equpment 7,733.57 0.18 7,733.57 0.06
Depr. Exp. - Leasehold Improve 97,857.14 2.24 97,857.14 0.82
Utilities Expense 2,500.00 0.06 35,000.00 0.29
Packaging Supplies 0.00 0.00 6,000.00 0.05
Misc. Expenses 4,000.00 0.09 11,000.00 0.09

Total Expenses 218,986.73 5.01 1,391,686.73 11.59

Net Income $ 815,883.72 18.66 $ 1,410,813.77 11.75

For Management Purposes Only