Profit & Loss Statement report Report Description Reports list Profit & Loss Statement 1/12/08 to 31/12/08 Income Sales Retail Sales £5,318.00 Wholesale Sales £1,567.50 Consignment Sales £2,000.00 Total Income £8,885.50 Cost of Sales Retail Cost of Sales £3,419.31 Wholesale Cost of Sales £1,001.33 Total Cost of Sales £4,420.64 Gross Profit £4,464.86 Expenses Car & Truck Expenses £100.00 Carriage Paid £48.95 Insurance (other than health) £45.00 Utilities £450.00 Wages Paid £750.00 Other Expenses Total Expenses £1,348.95 Net Profit/(Loss) £3,115.91