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INCOME STATEMENT FOR THE YEARS ENDED 31 December 2018 and 2019 2018 2019 Sales 3,603,600

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INCOME STATEMENT FOR THE YEARS ENDED 31 December 2018 and 2019 2018 2019 Sales 3,603,600.00 6,126, 120.00 Cost of goods sold 3,007,200.00 5,162,405.00 Gross profit 596,400.00 963,715.00 Operating expenses Depreciation expense 18,900.00 116,960.00 Interest expense 62,500.00 176,000.00 Other expense 368,400.00 765,891.00 Income before tax 146,600.00 (95,136.00) Taxes 58,640.00 Net income (loss) 87,960.00 (95,136.00)