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Income Statement
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Hingham Law
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For the Month Ending - January 31
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Financial Statements in U.S. Dollars
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Revenue
6
Gross Sales
25000
7
Less: Sales Returns and Allowances
8
Net Sales
25000
9
10
Cost of Goods Sold
11
Beginning Inventory
12
Add:Purchases
13
Freight-in
14
Direct Labor
15
Indirect Expenses
16
Inventory Available
0
17
Less: Ending Inventory
18
Cost of Goods Sold
0
19
20
Gross Profit (Loss)
25000
21
22
Expenses
23
Advertising
19000
24
Amortization
25
Bad Debts
26
Bank Charges
27
Charitable Contributions
28
Commissions
29
Contract Labor
30
Depreciation
31
Dues and Subscriptions
32
Employee Benefit Programs
33
Insurance
34
Interest
35
Legal and Professional Fees
36
Licenses and Fees
37
Miscellaneous
38
Office Expense
39
Payroll Taxes
40
Postage
41
Rent
42
Repairs and Maintenance
43
Supplies
44
Telephone
45
Travel
46
Utilities
47
Vehicle Expenses
48
Wages
49
Total Expenses
19000
50
51
Net Operating Income
6000
52
53
Other Income
54
Gain (Loss) on Sale of Assets
55
Interest Income
56
Total Other Income
0
57
58
Net Income (Loss)
6000
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100