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Business Statement Template Doc 444

The income statement for the period ending [DATE] shows that for the current year, net sales were $1,145,000 which was an increase of $229,000 from the prior year. Gross profit increased by $59,000 to $295,000 for the current year. Total operating expenses increased by $32,350 to $161,750 for the current year. As a result, net income increased by $24,950 to $124,750 for the current year compared to the prior year.

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Osan Jewel
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36 views

Business Statement Template Doc 444

The income statement for the period ending [DATE] shows that for the current year, net sales were $1,145,000 which was an increase of $229,000 from the prior year. Gross profit increased by $59,000 to $295,000 for the current year. Total operating expenses increased by $32,350 to $161,750 for the current year. As a result, net income increased by $24,950 to $124,750 for the current year compared to the prior year.

Uploaded by

Osan Jewel
Copyright
© © All Rights Reserved
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
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<Company Name>

Income Statement
For the Period Ending <Date>
<Current Year> YTD <Prior Year> YTD

Variance

Revenue
Sales

Sales Returns
Sales Discounts
<Other Revenue>

1,100,000.00
5,000.00
40,000.00
-

<Other Revenue>
<Other Revenue>

Net Sales
Cost of Goods Sold
Gross Profit
Operating Expenses
Salaries & Wages
Depreciation Expenses

1,000.00
8,000.00
-

###
###

$916,000.00
680,000.00

229,000.00
170,000.00

295,000.00

$236,000.00

59,000.00

125,000.00
5,000.00

$100,000.00
4,000.00

25,000.00
1,000.00

4,750.00
11,500.00
7,500.00

3,800.00
9,200.00
6,000.00

950.00
2,300.00
1,500.00

1,500.00
6,500.00

1,200.00
5,200.00

300.00
1,300.00

<Other Expense>
<Other Expense>

$
$

Income Before Income Tax $


Income Tax Expense
Net Income

220,000.00

1,145,000.00
850,000.00

Maintenance Expenses
Advertising Expenses

Income From Operations


Interest Income (Expense)

4,000.00
32,000.00
###

Office Expenses
Rent Expense
Travel Expenses

<Other Expense>
Total Operating Expenses

$880,000.00

###
###

161,750.00

###
$129,400.00 $

32,350.00

133,250.00
(1,000.00)

$106,600.00 $
(800.00)

26,650.00
(200.00)

132,250.00

$105,800.00

26,450.00

7,500.00

6,000.00

124,750.00

$99,800.00

1,500.00
$

24,950.00

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