Sample P&L
name of business or your name
Statement of Income (Loss) for the year ended December 31st, 2007
Sales:
on eBay			20,000.00
on Amazon			2,000.00
on website			15,000.00
trade shows & flea markets			4,500.00
Total Sales			39,500.00	39,500.00
Cost of Goods Sold:
Opening Inventory (12/31/2006)			10,000.00
Purchases			27,000.00
Available for sale			37,000.00
Closing Inventory (12/31/2007)			11,000.00
Cost of Goods Sold			26,000.00	26,000.00
Gross Profit				13,500.00
Expenses
Advertising			300.00
Office & shipping supplies			800.00
Postage			3,400.00
Communications			300.00
Travel			250.00
Listing Fees and Commission			3,200.00
Occupancy			600.00
Bank Charges and Interest			1,000.00
Total 2007 Expenses			9,850.00	9,850.00
NET PROFIT (loss)				3,650.00