[Company Name] Income Statement

Address: 123 Street Avenue, Cityville, State, 12333

Date Created: [current date] For Period Ending: [Year end or month end date]

Revenue Current Year

Sales
Less: Discounts and Allowances
Net Sales $0.00
Cost of Goods Sold/Cost of Sales
Materials (remove for service companies)
Labour
Overhead
Total Cost of Goods Sold/Total Cost of Sales $0.00
Gross Profit $0.00
Operating Expenses
Salaries
Advertising
Rent/Lease
Travel
Utilities
Insurance
Office Supplies
Depreciation
Repairs & Maintenance
Mileage
Delivery/Freight Expense
Interest
Other Expenses
Total Operating Expenses $0.00
Operating Profit (Loss) $0.00
Add: Other Income
Interest Income
Other Income
Profit (Loss) Before Taxes $0.00
Less: Tax Expense
Net Profit (Loss) $0.00
[Year end or month end date]

Previous Year

$0.00

$0.00
$0.00

$0.00
$0.00

$0.00

$0.00
ABC Product Co. Income Statement
Address: 123 Street Avenue, Cityville, State, 12333

Date Created: [current date] For Period Ending: [Year end or month end date]

Revenue Current Year

Sales $ 485,230
Less: Discounts and Allowances $ -
Net Sales $ 485,230
Cost of Goods Sold
Materials $ 103,264
Labour $ 131,520
Overhead $ 1,124
Total Cost of Goods Sold $ 235,908
Gross Profit $249,322
Operating Expenses
Salaries $ 165,000
Advertising $ 20,000
Rent/Lease $ 14,400
Travel $ -
Utilities $ -
Insurance $ 200
Office Supplies $ 1,364
Depreciation $ 500
Repairs & Maintenance $ 263
Mileage $ -
Delivery/Freight Expense $ 1,596
Interest $ -
Other Expenses $ 560
Total Operating Expenses $ 203,883
Operating Profit (Loss) $ 45,439
Add: Other Income
Interest Income
Other Income
Profit (Loss) Before Taxes $ 45,439
Less: Tax Expense
Net Profit (Loss) $ 45,439
[Year end or month end date]

Previous Year
$ 479,285
$ 570
$ 478,715

$ 101,897
$ 130,820
$ 1,116
$ 233,833
$244,882

$ 157,000
$ 25,000
$ 800
$ -
$ -
$ 200
$ 1,224
$ 560
$ 589
$ -
$ 1,421
$ -
$ 950
$ 187,744
$ 57,138

$ 57,138

$ 57,138
XYZ Service Co. Income Statement
Address: 123 Street Avenue, Cityville, State, 12333

Date Created: [current date] For Period Ending: [Year end or month end date]

Revenue Current Year

Sales $ 41,280
Less: Discounts and Allowances
Net Sales $ 41,280
Cost of Sales
Labour $ 25,800
Overhead $ 6,423
Total Cost of Sales $ 32,223
Gross Profit $9,057
Operating Expenses
Salaries $ 5,000
Advertising $ 1,200
Rent/Lease $ -
Travel $ -
Utilities $ -
Insurance $ 175
Office Supplies $ 259
Depreciation $ -
Repairs & Maintenance $ -
Mileage $ 326
Delivery/Freight Expense $ -
Interest $ -
Other Expenses $ 423
Total Operating Expenses $ 7,383
Operating Profit (Loss) $ 1,674
Add: Other Income
Interest Income
Other Income
Profit (Loss) Before Taxes $ 1,674
Less: Tax Expense
Net Profit (Loss) $ 1,674
[Year end or month end date]

Previous Year
$ 33,600
$ 1,500
$ 32,100

$ 21,000
$ 5,982
$ 26,982
$5,118

$ -
$ 800
$ -
$ -
$ -
$ 175
$ 268
$ -
$ -
$ 285
$ -
$ -
$ 782
$ 2,310
$ 2,808

$ 2,808

$ 2,808