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Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007

Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007

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Page 1: Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007

Glorian Portrait Studios, IncorporatedStatement of IncomeFor the Month Ended May 31, 2007

Page 2: Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007

Glorian Portrait Studios, IncorporatedStatement of IncomeFor the Month Ended May 31, 2007

Revenue:

Page 3: Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007

Glorian Portrait Studios, IncorporatedStatement of IncomeFor the Month Ended May 31, 2007

Revenue:Fees Earned From Portraits Sold

Page 4: Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007

Glorian Portrait Studios, IncorporatedStatement of IncomeFor the Month Ended May 31, 2007

Revenue:Fees Earned From Portraits Sold $24,000

Page 5: Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007

Glorian Portrait Studios, IncorporatedStatement of IncomeFor the Month Ended May 31, 2007

Revenue:Fees Earned From Portraits Sold $24,000

Expenses:

Page 6: Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007

Glorian Portrait Studios, IncorporatedStatement of IncomeFor the Month Ended May 31, 2007

Revenue:Fees Earned From Portraits Sold $24,000

Expenses:Rent

Page 7: Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007

Glorian Portrait Studios, IncorporatedStatement of IncomeFor the Month Ended May 31, 2007

Revenue:Fees Earned From Portraits Sold $24,000

Expenses:Rent $5,000

Page 8: Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007

Glorian Portrait Studios, IncorporatedStatement of IncomeFor the Month Ended May 31, 2007

Revenue:Fees Earned From Portraits Sold $24,000

Expenses:Rent $5,000Supplies Used 1,200

Page 9: Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007

Glorian Portrait Studios, IncorporatedStatement of IncomeFor the Month Ended May 31, 2007

Revenue:Fees Earned From Portraits Sold $24,000

Expenses:Rent $5,000Supplies Used 1,200Salaries 8,000

Page 10: Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007

Glorian Portrait Studios, IncorporatedStatement of IncomeFor the Month Ended May 31, 2007

Revenue:Fees Earned From Portraits Sold $24,000

Expenses:Rent $5,000Supplies Used 1,200Salaries 8,000

Total Expenses 14,200

Page 11: Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007

Glorian Portrait Studios, IncorporatedStatement of IncomeFor the Month Ended May 31, 2007

Revenue:Fees Earned From Portraits Sold $24,000

Expenses:Rent $5,000Supplies Used 1,200Salaries 8,000

Total Expenses 14,200

Net Income

Page 12: Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007

Glorian Portrait Studios, IncorporatedStatement of IncomeFor the Month Ended May 31, 2007

Revenue:Fees Earned From Portraits Sold $24,000

Expenses:Rent $5,000Supplies Used 1,200Salaries 8,000

Total Expenses 14,200

Net Income $ 9,800