Ganta Co.

Income Statement
For the year ended Dec 31, 2021 (in USD)
Sales Revenue
Sales 14,000,000
Sales Discount 430,000 - 430,000
Net Sales Revenue 13,570,000
COGS
Beginning Inventory 4,700,000
Purchase 4,350,000
Purchase Discounts - 425,000
Ending Inventory - 2,560,000 - 6,065,000
Gross Provit 7,505,000
Selling Expense
Sales Commission 800,000
Advertising Expense 960,000
Depreciation expense - Sales Equipment 325,000 - 2,085,000
General and Administrative Expense
Legal and Professional service 690,000

Miscellaneous Office Expense 860,000 - 1,550,000

Other Income and Expense
Dividend Revenue 1,100,000
Rent Revenue 945,000 2,045,000
Income from Operations 5,915,000
Interest Expense - 680,000
Income before Income Tax 5,235,000
Income Tax - 1,308,750
Income from Continuing Operations 3,926,250
Discontinued Operations
Loss on discontinued Operations 876,000 - 876,000
Net Income 3,050,250