05 PY 2002 Inc Stmt & Stkhldrs Equity

05 PY 2002 Inc Stmt & Stkhldrs Equity - APPLE BLOSSOM...

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274 APPLE BLOSSOM COLOGNE COMPANY Statement of Income Years Ended December 31, 2002 and 2001 2002 2001 Net sales and other revenues ............................................................ $3,876,757 $3,333,272 Cost of goods sold .................................................................... 1,596,800 1,352,291 Gross margin 2,279,957 1,980,981 Operating expenses: Selling, general, and administrative (Note 5). ........................... 1,817,457 1,733,694 Depreciation (Note 1) ............................................................... 64,422 60,778 1,881,879 1,794,472 Operating Income ............................................................................. 398,078 186,509 Other income (expense) and adjustments: Interest ...................................................................................... (27,500) (25,290) Other income 9,379 24,760 Gain on sale of fixed assets ...................................................... 18,638 13,893 Net income before federal income taxes
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