12N IM 2003 Inc Stmt & Stkhldrs Equity

12N IM 2003 Inc Stmt & Stkhldrs Equity - APPLE...

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APPLE BLOSSOM COLOGNE COMPANY Statement of Income Years Ended December 31, 2003 and 2002 2003 2002 Net sales and other revenues ............................................................ $4,236,744 $3,876,757 Cost of goods sold ..................................................................... 1,758,983 1,596,800 Gross margin 2,477,761 2,279,957 Operating expenses: Selling, general, and administrative (Note 5). ........................... 2,124,964 1,817,457 Depreciation (Note 1) ................................................................ 82,375 64,422 2,207,339 1,881,879 Operating Income ............................................................................. 270,422 398,078 Other income (expense) and adjustments: Interest ....................................................................................... (25,260) (27,500) Other income 11,363 9,379 Gain on sale of fixed assets ....................................................... (15,270) 18,638 Gain on sale of investments
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