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King Cornelius Company


Statement of Income
For the period ending 31.12.2014
Sales Revenue
Sales Discount
Sales Return and allowances
Net Sales
Cost of goods sold
Gross Profit
Salary Expense
Rent Expense
Depreciation Expense
Utilities Expense
Supplies Expense
Operating Income
Non Operating Items
Interest Revenue
Interest Expense
Net Income
Statement of Owner's Equity
For the period ending 31.12.2014
Cornelius, Capital
Add:Net Income
Cornelius, drawing
72700
2700
2200
2000
-2900
22200
53000
75200
27200
244000
-10000
226000
-81000
145000
91100
53900
53000

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