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(Company Name) : Revenue 2017

Income statement

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64 views3 pages

(Company Name) : Revenue 2017

Income statement

Uploaded by

Bhavana N
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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[Company Name]

Revenue 2017
Sales revenue 784,921
(Less sales returns and allowances)
Service revenue -
Interest revenue
Other revenue
Total Revenues 784,921

[42]

Expenses
Advertising 1,000
Bad debt
Commissions
Cost of goods sold 598,534
Depreciation
Employee benefits
Furniture and equipment 5,000
Insurance
Interest expense -
Maintenance and repairs 3,000
Office supplies 12,000
Payroll taxes
Rent 64,000
Research and development
Salaries and wages 120,000
Software
Travel 20,000
Utilities 15,000
Web hosting and domains
Other 22,000 Pro fee - 5K and postage - 1
Total Expenses 860,534

Net Income Before Taxes (75,613)


Income tax expense -

Income from Continuing Operations (75,613)


{42}

Below-the-Line Items
Income from discontinued operations
Effect of accounting changes
Extraordinary items

Net Income (75,613)


[Company Name] Income Statement
For the Years Ending [Dec 31, 2014 and Dec 31, 2013]

Revenue 2017 2016


Gross sales 181,683
(Less sales returns and allowances) (10,000)
Net Sales 171,683 -

Cost of Goods Sold


Beginning inventory
Goods purchased or manufactured 130,028
Total Goods Available 130,028 -
(Less ending inventory)
Cost of Goods Sold 130,028 -

Gross Profit (Loss) 41,655 -

[42]

Expenses
Advertising
Bad debt
Commissions
Depreciation 16,616
Employee benefits
Furniture and equipment
Insurance
Maintenance and repairs
Office supplies
Payroll taxes
Rent
Research and development
Salaries and wages
Software
Travel
Utilities
Web hosting and domains
Other 16,192
Total Operating Expenses 32,808 -

Operating Income (Loss) 8,847 -


Non-operating revenues, expenses, gains, losses 12,762
(Less interest expense) (6,113)
Income Before Taxes 15,496 -
(Less income tax expense) (1,069)
Income From Continuing Operations 14,427 -
{42} [42]

Below-the-Line Items
Income from discontinued operations
Extraordinary items
Cumulative effect of accounting changes

Net Income 14,427 -


Income Statement Template
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