Jazz Music Shop, Inc.

Income Statement
For the Year Ended December 31, 2015
Revenues
Merchandise Sales $ 5,000.00
Music Lesson Income 1,400.00
Total Revenues: $ 6,400.00

Expenses
Salaries 500
Rent expense 100
Depreciation expense 234
Utilities expense 950
Supplies expense 31
Total Expenses: 1,815.00

Net Income $ 4,585.00