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INCOME |
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1. Sales revenues |
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2. Cost of goods sold (c - d) |
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a. Beginning inventory (1/01) |
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b. Purchases |
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c. Cost of goods avail. sale (a + b) |
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d. Less ending inventory (12/31) |
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3. Gross profit on sales (1 - 2) |
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EXPENSES |
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1. Variable (selling) (a through h) |
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a. |
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b. |
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c. |
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d. |
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e. |
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f. |
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g. Misc. variable (selling) expense |
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h. Depreciation (product/service assets) |
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2. Fixed (administrative) (a through h) |
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a. |
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b. |
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c. |
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d. |
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e. |
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f. |
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g. Misc. fixed (administrative) expense |
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h. Depreciation (office equipment) |
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Total operating expenses (1 + 2) |
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Net income from
operations (GP - Exp) |
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Other income (interest income) |
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Other expense (interest expense) |
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Net profit (loss)
before taxes |
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Taxes |
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a. Central government |
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b. State |
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c. Local |
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NET PROFIT (LOSS) AFTER
TAXES |
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