| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SUPPLIES | 7,078 | 0 | 0 | 0 |
| ADVERTISING | 1,029 | 0 | 0 | 0 |
| OFFICE EXPENSE | 500 | 0 | 0 | 0 |
| ACCOUNTING | 450 | 0 | 0 | 0 |
| CONTRACT SERVICES | 1,508 | 0 | 0 | 0 |
| REFUND RESERVES | 15,000 | 0 | 0 | 0 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| RACE FEES AND SALES | 4,576 | 1,723 | 2,853 |