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    Income Statement: (Company Name)

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    Mochammad Irviansyah

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    © All Rights Reserved
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    Income Statement: (Company Name)

    Uploaded by

    Mochammad Irviansyah
    5 views5 pages

    Original Title

    Income Statement

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    5 views5 pages

    Income Statement: (Company Name)

    Uploaded by

    Mochammad Irviansyah

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 5

    [Company Name] Income Statement

    For the Years Ending [Dec 31, 2020 and Dec 31, 2019]

    Revenue 2020 2019


    Sales revenue 110,000 95,000
    (Less sales returns and allowances)
    Service revenue 70,000 62,000
    Interest revenue
    Other revenue
    Total Revenues 180,000 157,000
    [42]

    [42]

    Expenses
    Advertising 1,000 1,000
    Bad debt
    Commissions
    Cost of goods sold 65,000 63,000
    Depreciation
    Employee benefits
    Furniture and equipment 8,000
    Insurance
    Interest expense 4,200 5,200
    Maintenance and repairs
    Office supplies
    Payroll taxes
    Rent
    Research and development
    Salaries and wages 55,000 55,000
    Software
    Travel
    Utilities
    Web hosting and domains
    Other 17,460
    Total Expenses 142,660 132,200

    Net Income Before Taxes 37,340 24,800


    Income tax expense 14,936 9,920

    Income from Continuing Operations 22,404 14,880


    {42} [42]

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

    Net Income 22,404 14,880


    [Company Name] Income Statement
    For the Years Ending [Dec 31, 2020 and Dec 31, 2019]

    Revenue 2020 2019


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

    Cost of Goods Sold


    Beginning inventory
    Goods purchased
    Goods manufactured: Raw materials 30,028
    Goods manufactured: Direct Labor 100,000
    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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