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Income Statement Template 09

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kezjana dardha
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20 views1 page

Income Statement Template 09

Uploaded by

kezjana dardha
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 $ 1,100,000.00 $ 880,000.00 $ 220,000.00
Sales Returns 5,000.00 4,000.00 1,000.00
Sales Discounts 40,000.00 32,000.00 8,000.00
<Other Revenue> - - -
<Other Revenue> - - -
<Other Revenue> - - -
Net Sales $ 1,145,000.00 $ 916,000.00 $ 229,000.00
Cost of Goods Sold 850,000.00 680,000.00 170,000.00
Gross Profit $ 295,000.00 $ 236,000.00 $ 59,000.00
Operating Expenses
Salaries & Wages $ 125,000.00 $ 100,000.00 $ 25,000.00
Depreciation Expenses 5,000.00 4,000.00 1,000.00
Office Expenses 4,750.00 3,800.00 950.00
Rent Expense 11,500.00 9,200.00 2,300.00
Travel Expenses 7,500.00 6,000.00 1,500.00
Maintenance Expenses 1,500.00 1,200.00 300.00
Advertising Expenses 6,500.00 5,200.00 1,300.00
<Other Expense> - - -
<Other Expense> - - -
<Other Expense> - - -
Total Operating Expenses $ 161,750.00 $ 129,400.00 $ 32,350.00
Income From Operations $ 133,250.00 $ 106,600.00 $ 26,650.00
Interest Income (Expense) (1,000.00) (800.00) (200.00)
Income Before Income Taxes $ 132,250.00 $ 105,800.00 $ 26,450.00
Income Tax Expense 7,500.00 6,000.00 1,500.00
Net Income $ 124,750.00 $ 99,800.00 $ 24,950.00

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