ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
2
Allentown Hydraulics, Inc.
3
Income Statement
4
For the Year Ending in December 31, 2022
5
Revenues $ 2,000,000
6
Cost of goods sold 1,400,000
7
Gross profit 600,000
8
Operating expenses:
9
Selling and administrative expenses $ 165,000
10
Depreciation expense 40,000
11
Other operating expenses 15,000
12
Total operating expenses 220,000
13
Operating income $ 380,000
14
Other income:
15
Gain on sale of investments $ 25,000
16
Other expenses:
17
Interest expense 52,000 (27,000)
18
Income (loss) before income taxes $ 353,000
19
Income tax expense 64,000
20
Net income (loss) $ 289,000
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
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