Paras Kapoor

Income Statement Period 3: From JAN 01, 2015 to DEC 31, 2015 Period : From , to , Company Name : Adarn Inc. Account Code 4011 Currency : USD Name in F/S 1. Sales 5,996,645.89 4019 Sales - Merchandise 4020 Charge Back 4024 Sales Returns, Refund and Allowances, - December 31, 2015 6,383,173.90 Reversal -64,-,380.16 Sales - Service 405.00 2. Cost of Goods Sold 3,268,734.38 Cost of merchandise sold 3,296,264.11 4519 Beginning 384,233.88 4519 Purchases 3,267,592.75 4519 Transfer Amount 4519 Ending -,124.52 4029 Purchase Returns and Allowances 4030 Purchase Discount 18,011.64 9,518.09 8011 3. Gross profit 2,727,911.51 8018 4. Selling and administrative expenses 2,668,156.86 8029 Payroll-Employee(S A) 236,349.72 8039 Bonuses 802901 Other Regular Payroll 73,030.40 802902 Regular Payroll - Accounting 13,117.67 802903 Regular Payroll - Admin 31,439.86 802904 Regular Payroll - Sales 6,631.78 802905 Regular Payroll - Warehouse 8059 Temporary Labor 8069 Outsourcing Expenses(S 80691 6,611.02 105,-,057.21 A) Freelancers (Odesk, Elance) Outsourcing 286,-,618.01 6069 Other Freelancers Outsourcing 806911 Freelancers Outsourcing Accounting 4,969.45 806913 Freelancers Outsourcing Customer Service 7,084.92 806915 Freelancers Outsourcing Marketing 794.79 806916 Freelancers Outsourcing Tech 6,253.29 - ZZ Outsourcing 252,523.63 Other ZZ Outsourcing 252,523.63 Other Outsourcing Expenses 1099 8139 Telephone & Internet Expenses(S A) 8239 Depreciation expenses(S [P. 1] 515.56 A) 14,422.82 5,901.47 7,769.23 03/01/2019 3:15:26 PM Income Statement Period 3: From JAN 01, 2015 to DEC 31, 2015 Period : From , to , Company Name : Adarn Inc. Account Code- Currency : USD Name in F/S Rent expenses(S December 31, 2015 A) 167,692.80 Rent-USA 167,692.80 Packing Materials & Tools (S A) 46,836.10 825801 V-board 825803 Tapes 2,567.00 825804 Pallets 4,856.00 825805 Staple 508.10 825806 Other Materials & Tools 500.00 - 38,405.00 Repairing expenses(S A) Warehouse Repair Insurance Expenses(S 1,302.29 1,302.29 A) 23,860.27 826902 Auto Insurance 5,670.27 826903 Liability Insurance 4,475.00 826904 Wokers Compensation Insurance via State Farm A) 8279 Auto Fuel (S 8298 Warehouse Supplies(S 8299 Office supplies(S 8309 Utilities(S 830901 19,632.51 A) A) 6,490.92 2,972.92 A) 13,631.69 Utilities-USA 13,631.69 8319 Legal & Professional service fees (S A) 8335 Bank Servie Charge(S 833700 Marketplaces Web Service Fees A) 833701 Web Service Fee - eBay 833702 Other Marketplaces Web Service Fees 8338 13,715.00 Marketing Expenses(S A) 6,-,-,-,-,493.04 833801 Online Marketing Ads. - Google 833802 Online Marketing Ads. - Bing 18,809.50 833804 Online Marketing Ads. Pricegrabber 21,150.00 833805 Online Marketing Ads. Facebook 1,723.22 833807 Online Marketing Ads. - Email Marketing 315.00 833808 Online Marketing Ads. - Amazon 730.85 833809 Marketing Ads. - WorldJournal ( 报 other local Newspaper 8379 Freight charge(S A) 837901 Freight-CA 837902 Freight-Outside CA [P. 2] 182,914.17 4,850.30 1,347,-,503.10 1,258,268.78 03/01/2019 3:15:26 PM Income Statement Period 3: From JAN 01, 2015 to DEC 31, 2015 Period : From , to , Company Name : Adarn Inc. Account Code Currency : USD Name in F/S December 31, 2015 837903 Freight Service Charges 837904 Freight Discount 8500 311.48 Pensions 8501 Profit Sharing 8502 401K plan 2,616.30 5,-,081.40 8399 Sears Commission (S 8400 Goverment Licenses and permit fees(S A) 856.00 8402 Goverment Citations, Penalties, Traffic Tickets, etc. (nondeductible in Tax return) 1,536.65 8487 Property Tax Expenses (S&A) 8489 Payroll tax expenses(S 8490 Misc. expenses(S 9011 5. Operating income 9018 6. Nonoperating income A) A) A) 27,607.50 -,321.28 3,-,-,664.50 4022 Claim Settlement 9019 Interest Income 9049 Rent Income 63,600.00 9160 Credit Card Rebate, Credit Redemption, Early Pay Discount, reward, Statement Credit 41,975.60 9199 Other Income 9318 Interest Expenses 9339 Meals 9369 Donations 9549 Other losses 9611 8. Net income before income taxes 9717 9. Income taxes 9999 [P. 3] 2.31 9,197.50 7. Other expenses and losses 9319 9719 59,889.09 State Income Taxes 10. Net Income 18,-,164.47 1,-,-,456.10 1,016.00 1,-,440.10 03/01/2019 3:15:26 PM