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<br /> Corzo Castella Carballo Thompson Salman, P.A.
<br /> Statements of Income and Retained Earnings
<br /> For the Years Ended December 31,
<br /> 2008 2007
<br />Revenues, net $ 21,963,074 $ 17,662,101
<br />Direct costs 13,740,961 9,330,920
<br />Gross profit 8,222,113 8,331,181
<br />Operating expenses
<br />General and administrative 7,590,436 6,978,611
<br />Provision for doubtful accounts 98,957 94,232
<br />Depreciation and amortization 358,840 299,134
<br /> 8,048,233 7,371,977
<br />Income before other income and expenses 173,880 959,204
<br />Other income and (expenses)
<br />Interest income 15,288 25,431
<br />Loss on disposal of assets (4,987) (10)
<br />Miscellaneous income 12,162 7,110
<br />Interest expense and other charges (144,255) (140,467)
<br /> (121,792) (107,936)
<br />Net income 52,088 851,268
<br />Retained earnings - beginning of year 2,732,631 2,080,838
<br />Less - loss on sale on treasury stock (12,671) (7,868)
<br />Less - distributions (217,203) (191,607)
<br />Retained earnings - end of year $ 2,554,845 $ 2,732,631
<br />
<br />Attention is directed to accountants I compilation report.
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