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PROFIT & LOSS STATEMENT
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Company Name: COMPANYNAME
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Time Period: January 2020 - June 2020
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RevenueAmountPercentage
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Product sales$140,000 -
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Gross receipts$25,000 -
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Less sales returns and allowances$12,000 -
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NET SALES$153,000 100.00%
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Cost of SalesAmountPercentage
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Beginning inventory$48,000 -
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Goods purchased/manufactured$95,000 -
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Total goods available$143,000 -
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Less ending inventory$53,000 -
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Total cost of goods sold$90,000 58.82%
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GROSS PROFIT (LOSS)$63,000 41.18%
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Allowable Business ExpensesAmountPercentage
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Salaries$12,000 7.84%
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Vehicle expenses$1,000 0.65%
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Advertising costs$500 0.33%
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Depreciation of property and equipment$0 0.00%
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Office expenses$500 0.33%
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Office supplies$0 0.00%
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Payroll taxes$0 0.00%
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Business insurance$0 0.00%
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Rent$0 0.00%
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Utilities$2,000 1.31%
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Legal expenses$0 0.00%
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Postage$0 0.00%
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Travel and entertainment$0 0.00%
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Equipment maintenance and rental$0 0.00%
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Furniture and equipment$0 0.00%
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Interest$100 0.07%
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Professional fees$900 0.59%
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TOTAL BUSINESS EXPENSES$17,000 11.11%
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NET INCOME (LOSS)$46,000 30.07%
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