| Income Statement for 1998 |
| Webmaster Software School |
| INCOME: | Jan-April | | May-Aug | | Sept-Dec |
| Individual Tuition Revenue | $159.00 | | $5,400.00 | | $7,500.00 |
| Corporate Tuition Revenue | 5,000.00 | | 30,000.00 | | 30,000.00 |
| Community College Revenue | 1,000.00 | | 25,000.00 | | 30,000.00 |
| TOTAL INCOME: | $6,159.00 | | $60,400.00 | | $67,500.00 |
| EXPENSES: | Jan-April | | May-Aug | | Sept-Dec |
| Salaries | $32,400.00 | | $43,369.00 | | $43,369.00 |
| Software | 5,000.00 | | 2,000.00 | | 2,000.00 |
| Classroom Rental | 0.00 | | 2,000.00 | | 2,000.00 |
| Hardware | 24,999.00 | | 1,000.00 | | 1,000.00 |
| TOTAL EXPENSES: | $62,399.00 | | $48,369.00 | | $48,369.00 |
| NET PROFIT (OR LOSS) | ($56,240.00) | | $12,031.00 | | $19,131.00 |
