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NOTES ON QUARTERLY REPORT <br />SECOND QUARTER ENDED JUNE 30, 1971 <br />BALANCE SHEET <br />INVENTORIES INCREASED 546,476. FROM THE END OF THE PREVIOUS QUARTER, <br />AND $34,760 FROM JUNE 30, 1970. <br />INCOME STATEMENT <br />TOTAL SALES DECREASED $8,588. FROM 1970 AND NET INCOME INCREASED <br />$8,119. PROMOTIONAL DISCOUNTS INCREASED $15,556. DUE TO A $107,000. <br />INCREASE IN PURCHASES MAKING A PROFIT INCREASE OF $5,184. NET NON- <br />OPERATING INCOME INCREASED $2,936. DUE TO CASH DISCOUNTS FROM IN- <br />CREASED PURCHASING. <br />STORE ONE <br />NET SALES DOWN 538,067. COST OF GOODS SOLD DOWN $30,056. PROMO- <br />TIONAL DISCOUNTS UP $4,713. NET INCOME UP $1,069. <br />STORE TWO <br />NET SALES UP $29,479• COST OF GOODS SOLD UP $29,716. PROMOTIONAL <br />DISCOUNTS UP $10,842. NET INCOME UP $7,051. <br />ON SALE <br />COMBINED SALES DOWN $19,181. INCOME DOWN 513,300. <br />STORE #1 SALES DOWN $20,931. INCOME DOWN 5129498. <br />STORE #2 SALES UP $1,750. INCOME DOWN $801. <br />OFF SALE <br />COMBINED SALES UP $10,594. INCOME UP $21,418. <br />STORE f#1 SALES DOWN $17,136. INCOME UP 513,567. <br />STORE #2 SALES UP $27,729. INCOME UP S7,851. <br />