Community TheatreIncome StatementFor the Period Ending 31 January 2015

RevenueTicket Sales$15,493Confectionary Income$2,407TOTAL REVENUE $17,900

ExpensesSalaries Expense...$6,801Advertising Expense.$2,563Film Rental Expense.$3,563Cleaning Expense..$850Telephone Expense...$95Equipment and Maintenance Expense..$2,293Film Transportation Expense....$248Heating Expense....$858 Electrical and Water Expense....$632General Expense....$350Rent Expense.$2,000Insurance Expense.$600Supplies Expense...$260TOTAL EXPENSES $19,313

NET INCOME.$-1.413

Community TheatreBalance SheetAs at 31 January 2015

AssetsCash..$5,653Prepaid Rent.....$4,000Prepaid Insurance.....$1,200Supplies...$260Equipment..$89,563Less: Accum. Dep$1,493LiabilitiesAccounts Payable$890Bank Loan..$10,387

EquityJ. Singh, Capital.$92,212TOTAL L&E..$103,489

TOTAL ASSETS......$99,183