Brillare Income Statement

For period Ending [March 15, 2019, and Apr 30, 2019] Income Statement Template
© 2008 Vertex42 LLC

Revenue 2019(Proj.) 2019(Actual) [42]

Sales revenue ( 1,338,500) ( 1,129,182)

(Less sales returns and allowances) ( (1,000) ( -)
Cost of goods sold ( (298,176) ( (53,822)
Gross Profit ( 1,039,324) ( 1,075,360)
[42] [42]

[42]
Expenses
Advertising ( 10,000) ( -)
Depreciation ( 17,500) ( 17,500)
Furniture and equipment ( 43,250) ( 43,250)
Insurance ( 903) ( 903)
Interest expense ( 6,075) ( 6,075)
Office supplies ( 10,000) ( 10,000)
Social Security Expense 20,150 32,971
Medicare Expense ( 4,713) ( 7,711)
Rent ( 23,331) ( 23,331)
Salaries Expense ( 325,000) ( 401,139)
Utilities ( 4,550) ( 4,550)
Total Expenses ( 465,472) ( 547,430)

Net Income Before Taxes ( 573,852) ( 527,930)

Income tax expense ( 120,509) ( 110,865)

Income from Continuing Operations ( 453,343) ( 417,064)

Net Income ( 453,343) ( 417,064)

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