Income Statement

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Income Statement

For the Period Ended: {{end_date}}

Revenue

Sales Revenue: {{sales_revenue_amount}}

Less: Sales Returns and Allowances: {{sales_returns_amount}}

Net Sales: {{net_sales_amount}}

Other Income: {{other_income_amount}}

Total Revenue: {{total_revenue_amount}}

Cost of Goods Sold (COGS)

Beginning Inventory: {{beginning_inventory_amount}}

Purchases: {{purchases_amount}}

Less: Purchase Returns and Allowances: {{purchase_returns_amount}}

Cost of Goods Available for Sale: {{cost_goods_available_amount}}

Less: Ending Inventory: {{ending_inventory_amount}}

Cost of Goods Sold: {{cogs_amount}}

Gross Profit

Gross Profit: {{gross_profit_amount}}

Operating Expenses

Selling Expenses:

Salaries and Wages (Selling): {{selling_salaries_amount}}

Advertising and Marketing: {{advertising_amount}}

Rent Expense (Selling): {{selling_rent_amount}}

Depreciation Expense (Selling): {{selling_depreciation_amount}}

Other Selling Expenses: {{other_selling_amount}}

Total Selling Expenses: {{total_selling_expenses_amount}}

Administrative Expenses:

Salaries and Wages (Administrative): {{admin_salaries_amount}}

Office Supplies: {{office_supplies_amount}}

Utilities: {{utilities_amount}}

Rent Expense (Administrative): {{admin_rent_amount}}

Depreciation Expense (Administrative): {{admin_depreciation_amount}}

Other Administrative Expenses: {{other_admin_amount}}

Total Administrative Expenses: {{total_admin_expenses_amount}}

Total Operating Expenses: {{total_operating_expenses_amount}}

Operating Income

Operating Income: {{operating_income_amount}}

Other Income and Expenses

Interest Income: {{interest_income_amount}}

Interest Expense: {{interest_expense_amount}}

Gain/Loss on Sale of Assets: {{gain_loss_asset_sale_amount}}

Earnings Before Taxes (EBT)

Earnings Before Taxes: {{ebt_amount}}

Income Tax Expense

Income Tax Expense: {{income_tax_expense_amount}}

Net Income (Profit/Loss)

Net Income (Profit/Loss): {{net_income_amount}}

Signature Block

Prepared By: {{preparer_name}}

Title: {{preparer_title}}

Date: {{preparation_date}}

Approved By: {{approver_name}}

Title: {{approver_title}}

Date: {{approval_date}}