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[Company Name]Income Statement
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Income Statement Template
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© 2008 Vertex42 LLC
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Revenue20182019[42]
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Sales revenue 110,000 95,000
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(Less sales returns and allowances)
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Service revenue 70,000 62,000
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Interest revenue
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Other revenue
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Total Revenues 180,000 157,000
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[42]
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[42]Expenses
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Advertising 1,000 1,000
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Bad debt
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Commissions
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Cost of goods sold 65,000 63,000
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Depreciation
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Employee benefits
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Furniture and equipment 8,000
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Insurance
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Interest expense 4,200 5,200
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Maintenance and repairs
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Office supplies
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Payroll taxes
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Rent
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Research and development
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Salaries and wages 55,000 55,000
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Software
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Travel
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Utilities
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Web hosting and domains
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Other 17,460
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Total Expenses 142,660 132,200
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Net Income Before Taxes 37,340 24,800
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Income tax expense 14,936 9,920
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Income from Continuing Operations 22,404 14,880
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{42}[42]
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Below-the-Line Items
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Income from discontinued operations
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Effect of accounting changes
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Extraordinary items
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Net Income 22,404 14,880
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