SNACK - CAMPBELL SOUP COMPANY

For the Years Ending [Dec 31, 2012 and Dec 31, 2013]

Revenue 2013 2012Sales revenue 210,000 105,000

(Less sales returns and allowances)

Service revenue 70,450 82,000

Interest revenue

Other revenue

Total Revenues 280,450 187,000 [42]

[42] ExpensesAdvertising 145,000 176,000

Bad debt

Commissions

Cost of goods sold 605,000 603,000

Depreciation

Employee benefits

Furniture and equipment 80,000

Insurance

Interest expense 42,000 52,000

Maintenance and repairs

Office supplies

Payroll taxes

Rent

Research and development

Salaries and wages 75,000 25,000

Software

Travel

Utilities

Web hosting and domains

Other 174,600

Total Expenses 1,041,600 936,000

Net Income Before Taxes (761,150) (749,000)

Income tax expense 14,936 9,920

Income from Continuing Operations (746,214) (739,080) {42} [42]

Below-the-Line ItemsIncome from discontinued operations

Effect of accounting changes

Extraordinary items

Net Income (746,214) (739,080)

Income Statement