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    Small Business Income Statement1

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    Infrastructure Development Service
    The income statement summarizes the company's revenues and expenses for the year ended [date]. It shows that net sales were generated from gross sales less sales returns and allowances. Cost of goods sold was calculated by subtracting ending inventory from inventory available (beginning inventory plus purchases, direct labor, and indirect expenses). Gross profit was calculated by taking net sales minus cost of goods sold. Expenses such as rent, wages, marketing and others are listed. Net operating income is shown as revenues minus expenses. Other income/loss items are also included, resulting in the net income/loss for the year.

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    Small Business Income Statement1

    Uploaded by

    Infrastructure Development Service
    14 views4 pages
    The income statement summarizes the company's revenues and expenses for the year ended [date]. It shows that net sales were generated from gross sales less sales returns and allowances. Cost of goods sold was calculated by subtracting ending inventory from inventory available (beginning inventory plus purchases, direct labor, and indirect expenses). Gross profit was calculated by taking net sales minus cost of goods sold. Expenses such as rent, wages, marketing and others are listed. Net operating income is shown as revenues minus expenses. Other income/loss items are also included, resulting in the net income/loss for the year.

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    The income statement summarizes the company's revenues and expenses for the year ended [date]. It shows that net sales were generated from gross sales less sales returns and allowances. Cost of goods sold was calculated by subtracting ending inventory from inventory available (beginning inventory plus purchases, direct labor, and indirect expenses). Gross profit was calculated by taking net sales minus cost of goods sold. Expenses such as rent, wages, marketing and others are listed. Net operating income is shown as revenues minus expenses. Other income/loss items are also included, resulting in the net income/loss for the year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    14 views4 pages

    Small Business Income Statement1

    Uploaded by

    Infrastructure Development Service
    The income statement summarizes the company's revenues and expenses for the year ended [date]. It shows that net sales were generated from gross sales less sales returns and allowances. Cost of goods sold was calculated by subtracting ending inventory from inventory available (beginning inventory plus purchases, direct labor, and indirect expenses). Gross profit was calculated by taking net sales minus cost of goods sold. Expenses such as rent, wages, marketing and others are listed. Net operating income is shown as revenues minus expenses. Other income/loss items are also included, resulting in the net income/loss for the year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 4

    Company Name

    Income Statement
    For the year that ended [enter date]

    Revenue
    Gross Sales
    Less: Sales Returns and Allowances
    Net Sales ₱ -

    Cost of Goods Sold


    Beginning Inventory
    Add: Purchases
    Direct Labor
    Indirect Expenses
    Inventory Available ₱ -

    Less: Ending Inventory


    Cost of Goods Sold ₱ -

    Gross Profit (Loss) ₱ -

    Expenses
    Rent ₱ -
    Amortization ₱ -
    Utilities ₱ -
    Wages & Direct Cost ₱ -
    Commissions ₱ -
    Supplies ₱ -
    Marketing ₱ -
    Logistics ₱ -
    Repairs and Maintenance ₱ -
    Miscellaneous ₱ -
    Depreciation ₱ -
    Interest ₱ -
    Total Expenses ₱ -

    Net Operating Income ₱ -

    Other Income
    Gain (Loss) on Sale of Assets
    Interest Income
    Total Other Income ₱ -
    Net Income (Loss) ₱ -
    Description Amount Labor/Delivery
    Desktop Computer 28430
    Sublimation Machine 431000
    Heat Press 75000 6500
    Epson Printer 10736
    Sublimation Ink 19824
    Desktop Computer 19960 800
    Wifi Connection 7500
    Sublimation Cloth 14186 300

    Hardwares
    Easytite 225
    Electrical materials 1422 40
    Breaker 650
    Plywood 1650 150
    Lumber 1050
    Drop Wire 1050
    Baselco Drop Wire 1000
    River Sand 550 400
    Lumber 720
    Sink 220
    Fittings 334
    Hardwares 1835
    Electrical materials 1630 40
    Fittings 1363 840
    Electrical materials 1488 40
    Electrical materials 845 40
    Electrical materials 640 40
    Electrical materials 150
    Electrical materials 5544 40
    Hardwares 35
    Installation Electrical 5000
    ₱643,267

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