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Income Statement

The income statement summarizes the company's revenues, costs, expenses, and profits for the current month and year-to-date. Net sales were [dollar amount] for the current month with a gross profit of [dollar amount] after accounting for cost of goods sold. Total operating expenses, including selling and general/administrative costs, were [dollar amount] for the month, resulting in net income before taxes of [dollar amount].

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75% found this document useful (4 votes)
11K views19 pages

Income Statement

The income statement summarizes the company's revenues, costs, expenses, and profits for the current month and year-to-date. Net sales were [dollar amount] for the current month with a gross profit of [dollar amount] after accounting for cost of goods sold. Total operating expenses, including selling and general/administrative costs, were [dollar amount] for the month, resulting in net income before taxes of [dollar amount].

Uploaded by

iPakistan
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
You are on page 1/ 19

Income Statement (all numbers in $000) [Company Name] [Period ending date]

Current Month Year to Date


Revenue
Amount % of Sales Amount % of Sales
Gross sales
Less sales returns and allowances
Net sales
Current Month Year to Date
Cost of Sales
Amount % of Sales Amount % of Sales
Beginning inventory
Plus goods purchased/manufactured
Total goods available
Less ending inventory
Total cost of goods sold
Gross profit (loss)
Current Month Year to Date
Operating Expenses
Amount % of Sales Amount % of Sales
Selling
Salaries and wages
Commissions
Advertising
Depreciation
Total selling expenses
General/Administrative
Salaries and wages
Employee benefits
Payroll taxes
Insurance
Rent
Utilities
Depreciation and amortization
Office supplies
Travel and entertainment
Postage
Equipment maintenance and rental
Interest
Furniture and equipment
Total General/Administrative expenses
Total operating expenses
Net income before taxes
Taxes on income
Net income after taxes
Extraordinary gain or loss
Income tax on extraordinary gain
Net Income (Loss)
USER_02

<-- Enter company name here


<-- Enter the period ending date here

Page 2
USER_02

riod ending date here

Page 3
EXAMPLE_01

500
200

Page 4
EXAMPLE_02

Tick-Tock Clocks, Inc. For Period Ending June 30, 2001

Page 5
EXAMPLE_02

ng June 30, 2001

Page 6
EXAMPLE_03

2,500
500

Page 7
EXAMPLE_04

350
120

Page 8
EXAMPLE_05

240
900

Page 9
EXAMPLE_06

360

Page 10
EXAMPLE_07

360

Page 11
EXAMPLE_08

35
12
10
14

Page 12
EXAMPLE_09

130
80
60
120

Page 13
EXAMPLE_10

12
3
2
2
12
2
1
1
2
1
4
2
1

Page 14
EXAMPLE_11

130
31
23
1
23
30
16
8
4
11
49
31
10

Page 15
EXAMPLE_13

22

Page 16
EXAMPLE_14

135

Page 17
EXAMPLE_15

0
0

Page 18
EXAMPLE_16

0
0

Page 19

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