detailed financial analysis provided by seller

Year

2009

2008

2007

Data Source

P&L thru March

P&L

Tax Return

Income Statement

Revenue

$161,934

$1,067,387

Cost of Goods Sold

832,268

Gross Profit

161,934

235,119

Operating Expenses

92,287

213,626

Pre-Tax Net Profit

69,647

21,493

Adjustments

Interest

Taxes

Depreciation

Amortization

Owner’s Salary Adjustments

Owner Salary or Compensation

53,200

Matching FICA Taxes (est.)

4,522

Add Backs and Fringe Benefits

OTHER

53,581

TRAVEL

8,360

MEALS & ENTERTAINMENT

27,342

AUTO

23,440

OWNER MEDICAL BENEFITS

4,533

Discretionary Earnings

$69,647

$196,471