Income Statement

WB Home Time-Vashar 95
For the year ended December 31, 2017
2017 2016 2015

Income
Garage/Parking Income 3,300.00 8,250.00 7,150.00
Other Revenue 2,640.00 - 4,400.00
Rent received - 9,350.00 25,630.00
Total Income 5,940.00 17,600.00 37,180.00

Gross Profit 5,940.00 17,600.00 37,180.00

Operating Expenses
Advertising 4,460.00 3,700.00 6,800.00
Bank Service Charges - 2,300.00 13,500.00
Dues & Subscriptions - - 14,400.00
Entertainment 510.00 625.00 401.00
Income Tax Expense 2,100.00 1,800.00 1,500.00
Insurance 796.00 991.00 690.00
Legal Expenses - 5,800.00 -
Office Expenses - 720.00 1,500.00
Rent 1,400.00 15,000.00 13,200.00
Repairs and Maintenance 1,740.00 12,500.00 16,700.00
Telephone & Internet 800.00 650.00 600.00
Travel 2,600.00 2,500.00 1,360.00
Utilities 5,546.00 6,963.00 3,660.00
Total Operating Expenses 19,952.00 53,549.00 74,311.00

Operating Income (14,012.00) (35,949.00) (37,131.00)

Net Income (14,012.00) (35,949.00) (37,131.00)

Income Statement WB Home Time-Vashar 95