Comparative Income Statements									CONSOLIDATED
For the Year Ended, December 2005
Jeff Boulton
	IRHS Co				Julie's				Boulton Inc
Net Sales	$ 1,619,400				$ 1,937,100				$ 1,651,050
Less: Cost of Goods Sold	(1,149,774)				(1,026,663)				(1,073,183)
Gross Profit	469,626				910,437				577,868
Total Operating Expenses	(147,300)				(194,130)				(331,120)
Operating Income	322,326				716,307				246,748
Interest Expense	(9,555)				(31,518)				(89,738)
Loss on Sale of Assets	(5,775)				(5,500)				(13,500)
Net Income	$ 306,996				$ 679,290				$ 143,510
Comparative Balance Sheets									CONSOLIDATED
For the Year Ended, December 2005
	IRHS Co				Julie's				Boulton Inc
Current Assets
Bank	$ 88,200				$ 84,000				$ 216,000
Accounts Receivable	110,600				102,500				97,500
Merchandise Inventory	232,400				422,000				601,500
Supplies	7,350				9,000				10,500
Prepaid Insurance	1,050				19,000				19,500
Prepaid Rent	4,900				13,000				37,500
Total Current Assets	444,500				649,500				982,500
Total Fixed Assets	1,838,912				4,036,600				6,117,900
Total Assets	$ 2,283,412				$ 4,686,100				$ 7,100,400
Total Current Liabilities	305,480				372,200				640,950
Total Long-term Liabilities	805,000				715,000				1,342,500
Equity, End of the Period	1,172,932				3,598,900				5,116,950
Total Liabilities and Owner's Equity	$ 2,283,412				$ 4,686,100				$ 7,100,400
	IRHS Co				Julie's				Boulton Inc
Last year's ending Accounts Receivable:	121,660				110,600				102,500
Last year's ending Inventory:	197,540				232,400				422,000
Last year's ending Total Assets:	2,055,071				2,283,412				4,686,100
This year's beginning Equity	903,386				2,957,611				5,008,690
All Sales are on Account
Comparative Income Statements									CONSOLIDATED
For the Year Ended, December 2005
Jeff Boulton
	IRHS Co				Julie's				Boulton Inc
Net Sales	$ 1,619,400		100.0%		$ 1,937,100		100.0%		$ 1,651,050		100.0%
Less: Cost of Goods Sold	(1,149,774)		(71.0)%		(1,026,663)		(53.0)%		(1,073,183)		(65.0)%
Gross Profit	469,626		29.0%		910,437		47.0%		577,868		35.0%
Total Operating Expenses	(147,300)		(9.1)%		(194,130)		(10.0)%		(331,120)		(20.1)%
Operating Income	322,326		19.9%		716,307		37.0%		246,748		14.9%
Interest Expense	(9,555)		(0.6)%		(31,518)		(1.6)%		(89,738)		(5.4)%
Loss on Sale of Assets	(5,775)		(0.4)%		(5,500)		(0.3)%		(13,500)		(0.8)%
Net Income	$ 306,996		19.0%		$ 679,290		35.1%		$ 143,510		8.7%
Comparative Balance Sheets									CONSOLIDATED
For the Year Ended, December 2005
	IRHS Co				Julie's				Boulton Inc
Current Assets
Bank	$ 88,200				$ 84,000				$ 216,000
Accounts Receivable	110,600		4.8%		102,500		2.2%		97,500		1.4%
Merchandise Inventory	232,400		10.2%		422,000		9.0%		601,500		8.5%
Supplies	7,350		0.3%		9,000		0.2%		10,500		0.1%
Prepaid Insurance	1,050		0.0%		19,000		0.4%		19,500		0.3%
Prepaid Rent	4,900		0.2%		13,000		0.3%		37,500		0.5%
Total Current Assets	444,500		19.5%		649,500		13.9%		982,500		13.8%
Total Fixed Assets	1,838,912		80.5%		4,036,600		86.1%		6,117,900		86.2%
Total Assets	$ 2,283,412		100.0%		$ 4,686,100		100.0%		$ 7,100,400		100.0%
Total Current Liabilities	305,480		13.4%		372,200		7.9%		640,950		9.0%
Total Long-term Liabilities	805,000		35.3%		715,000		15.3%		1,342,500		18.9%
Equity, End of the Period	1,172,932		51.4%		3,598,900		76.8%		5,116,950		72.1%
Total Liabilities and Owner's Equity	$ 2,283,412		100.0%		$ 4,686,100		100.0%		$ 7,100,400		100.0%
																			#DIV/0!