Associate Dentist Contract - Excel - Excel

							                   PROFORMA INCOME STATEMENT
                             PRACTICE #A-817 from P&L
                                            Oct 08 - Sep 09      Adjustments    Proforma

Gross Receipts                                        310,146                      310,146
Refunds                                                (1,164)                      (1,164)
Net Receipts                                          308,983                      308,983
Expenses:
Advertising                                                90                           90
            1
Automobile                                                  8             (8)            0
Bank Service Charges                                      668                          668
Cell/Wireless2                                          2,229         (1,115)            0
Cleaning Supplies                                         334                          334
Computer Expenses                                         203                          203
Continuing Education                                      499                          499
                         3
Contract Labor-Associate                                5,332         (5,332)            0
Dental Records Supplies                                   878                          878
Dental Supplies                                        15,207                       15,207
Equipment Rental4                                         450           (450)            0
Insurance                                               4,499                        4,499
Laboratory                                             20,343                       20,343
Laundry                                                 1,317                        1,317
Licenses                                                  995                          995
Meals & Entertainment5                                  2,435         (2,435)            0
Merchant Fees                                           3,330                        3,330
Office Expense                                            475                          475
Office Supplies                                         1,292                        1,292
Payroll Processing                                      2,433                        2,433
Pharmacy Supplies                                         420                          420
Postage & Delivery                                        418                          418
Professional Fees                                       1,072                        1,072
Reference Materials                                        78                           78
Rent                                                   26,176                       26,176
Repairs & Maintenance                                     386                          386
Salaries6                                             137,643        (27,500)      110,143
Subscriptions                                           1,683                        1,683
Taxes                                                     266                          266
Taxes-Payroll                                           5,703                        5,703
Telephone                                               2,828                        2,828
Travel7                                                 1,076         (1,076)            0
Uniforms                                                   19                           19
Utilities                                               3,798                        3,798
Waste Disposal                                            800                          800

TOTAL EXPENSES                                        245,382
TOTAL ADJUSTMENTS                                                    (37,916)
TOTAL ADJUSTED EXPENSES                                                            206,351
NET PROFIT                                             63,601                      102,632
ADJUSTED NET PROFIT                                                                102,632

NOTES
1.) Automobile: Considered of personal benefit to the owner.
2.) Cell/Wireless: Adjusted personal benefit to the owner.
3.) Contract Labor: Estimated salary paid to Associate Dentist working in practice.
4.) Equipment Rental: Considered a non-recurring expense. Outstanding equipment leases
        are normally paid off from the proceeds from the sale of the practice.
5.) Meals and Enterainment: Considered of personal benefit to the owner.
6.) Salary: Adjusted Officer's/Seller's salary.
7.) Travel: Considered of personal benefit to the owner.
**Above data has not been audited by Western Practice Sales/John M. Cahill Associates.
 It is the Buyer's responsibility to verify if information is true and correct.



                                    Practice #A-817