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8:56 PM FRANK <br /> 05/20114 Profit & Loss <br /> Accrual Basis January through March 2014 <br /> Jan-Mar 14 <br /> Ordinary Income/Expense <br /> Income <br /> SALES 26,572.74 <br /> EVENTS 22,325.00 <br /> MEMBERSHIP DUES&FEES 2,680.00 <br /> DONATIONS 1,960.55 <br /> Frank Items-T Shirts,Etc. 70.00 <br /> Total Income 53,608.29 <br /> Cost of Goods Sold <br /> Bank Processing Fees for MC etc 1,160.67 <br /> Commissions 16,852.89 <br /> Total COGS 18,013.56 <br /> Gross Profit 35,594.73 <br /> Expense <br /> Event Expenses 3,075.54 <br /> Grant Expenses 837.00 <br /> Advertising&Marketing 1,650.60 <br /> Electric 1,152.52 <br /> Gallery Supplies&Expense 717.84 <br /> Insurance 929.66 <br /> Interest Expense 364.56 <br /> Office Supplies 651.34 <br /> Payroll 8,749.98 <br /> Payroll Taxes&Process Fee 678.07 <br /> Postage 470.53 <br /> Printing 24.50 <br /> Professional Fees 2,060.00 <br /> Reconciliation Discrepancies 0.12 <br /> Rent 9,000.00 <br /> Repairs&Maintenance 431.92 <br /> Shipping Fees 464.10 <br /> Telephone&Internet 388.09 <br /> Total Expense 31,646.37 <br /> Net Ordinary Income 3,948.36 <br /> Other Income/Expense <br /> Other Income <br /> TAX REFUND 132.04 <br /> Total Other Income 132.04 <br /> Other Expense <br /> Other Exp-Rent Deferred 8,187.09 <br /> Depreciation Expense 780.27 <br /> Total Other Expense 8,967.36 <br /> Net Other Income -8,835.32 <br /> Net Income -4,886.96 <br /> Pagel <br />