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NOTES ON QUARTERLY REPORT <br />SECOND QUARTER ENDED JUNE 30, 1972 <br />BALANCE SHEET <br />INVENTORIES DECREASED :25,741 FROM THE END OF THE PREVIOUS QUARTER, <br />AND 440,540 FROM JUNE 30, 1971. <br />INCOME STATEMENT <br />TOTAL SALES DECREASED $603. FROM 1971 AND NET INCOME DECREASED <br />$24,481. PROMOTIONAL DISCOUNTS DECREASED 412,631 DUE TO A DECREASE <br />IN PURCHASES OF $94,203 DECREASING THE PROFIT FROM OPERATIONS BY $22,981. <br />STORE ONE <br />NET SALES DOWN $5,635. COST OF GOODS SOLD DOWN 35,473. PROMOTIONAL <br />DISCOUNTS DOWN X7,208. NET INCOME DOWN 322,481. <br />STORE TWO <br />NET SALES UP y5,033. COST OF GOODS SOLD DOWN aP1,268. PROMOTIONAL <br />DISCOUNTS DOWN $5,423. NET INCOME DOWN X2,000. <br />ON SALE <br />COMBINED SALES DOWN :x3,982. INCOME DOWN X16,804. <br />STORE #1 SALES DOWN $4,714. INCOME DOWN $15,298. <br />STORE #2 SALES UP $732. INCOME DOWN 41,506. <br />OFF SALE <br />COMBINED SALES UP 33,380. INCOME DOWN $7,676. <br />STORE #1 SALES DOWN 3921. INCOME DOWN X7,183. <br />STORE #2 SALES UP $907. INCOME DOWN :493. <br />