Dear Professor Stiner

Thank you for your message.

It has been hot day recently. It is so muggy that I can't sleep well.

Homework 1: Net Income $28,717

Revenues - Cost of Goods Sold - Total operating expenses = Net Income

$40,000 - $10,000 - $1,283 = $28,717

Homework 2: Net Income $8,717

Revenues - Cost of Goods Sold - Total expenses = Net Income

$30,000 - $20,000 - $1,283 = $8,717

Homework 3: Net Loss $5,000

Revenues - Cost of Goods Sold - Total operating expenses = Net Loss

$30,000 - $10,000 - $25,000 = -$5,000

Vocabulary - Income Statement (Part 2)

<English> <Japanese>

・accrual method ・mikosisyugi

・accumulated depreciation ・genkasyoukyakuruikeigaku

・depreciation expense ・genkasyoukyakuhi

・expenses ・hiyou

・operating expenses ・eigyouhiyou

・income statement ・sonekikeisansyo

I made my father a present of a train pass case.

August and September is summer vacation. I am going to

go to the summer training camp. I will play tennis.

Where are you going to spend summer vacation? What are

you going to do?

Sincerely yours,

Mayo

Dear Mayo,

Thank you for your letter.

Good work!

The weather is much better here.

This past Saturday we celebrated the Fourth of July, the 222nd

independence day of the United States. I grilled hamburgers and

hot dogs for the family in the back yard. Then we went to see

the local baseball team, the Blue Rocks, play the Danville,

Virginia baseball team.

My garden is doing well. The tomatoes are almost ripe, and the

lettuce is ready.

For the rest of the summer, I will stay in Newark working on

classes for the fall semester. We will go to New Orleans

for one week in August.

Sincerely,