| INCOME STATEMENT FO |
|
||||||||||
| Sales | $000s | 195,000 | |||||||||
| Cost of Goods Sold | $000s | 165,405 | |||||||||
| ----------- | |||||||||||
| Gross Margin | $000s | 29,595 | |||||||||
| Advertising | $000s | 1,000 | |||||||||
| Sales Offices & Reps | $000s | 2,027 | |||||||||
| Administration | $000s | 3,549 | |||||||||
| Ship & WH Expenses | $000s | 11,323 | |||||||||
| R&D Expense | $000s | 1,200 | |||||||||
| Process Improvement | $000s | 1,000 | |||||||||
| One-Time Adjustments | $000s | 1,693 | |||||||||
| ----------- | |||||||||||
| Operating Income | $000s | 7,804 | |||||||||
| Interest Exp (Inc) | $000s | 5,406 | |||||||||
| LT Debt Flotation Exp | $000s | 0 | |||||||||
| Gain (Loss) Debt Ret | $000s | (1,415) | |||||||||
| ----------- | |||||||||||
| Taxable Income | $000s | 983 | TAX LOSS CAR | ||||||||
| Income Taxes | $000s | 0 | FORWARD: | 13,736 | |||||||
| ----------- | |||||||||||
| Net Income | $000s | 983 | EPS: | 0.09 | |||||||
| Begin Retained Earns | $000s | (5,093) | |||||||||
| less: Dividends Paid | $000s | 0 | |||||||||
| ----------- | |||||||||||
| End Retained Earns | $000s | (4,110) | |||||||||
| =========== |