HEMPSTEAD REALTY Income Statement
For the Month Ending Mar. 31, 2001
Revenue
Service revenue 20,000
Total Revenues 20,000
[42]
[42]
Expenses
Advertising 900
Depreciation Expense: Building 500
Depreciation Expense: Office Equipment 700
Automobile Rental Expense 500
Salaries Expense 7,000
Telephone Expense 600
Supplies Expense 350
Total Expenses 10,550
Net Income Before Taxes 9,450
Income tax expense
Income from Continuing Operations 9,450
Net Income 9,450
[Company Name] Income Statement
For the Years Ending [Dec 31, 2020 and Dec 31, 2019]
Revenue 2020 2019
Gross sales 181,683
(Less sales returns and allowances) (10,000)
Net Sales 171,683 -
Cost of Goods Sold
Beginning inventory
Goods purchased
Goods manufactured: Raw materials 30,028
Goods manufactured: Direct Labor 100,000
Total Goods Available 130,028 -
(Less ending inventory)
Cost of Goods Sold 130,028 -
Gross Profit (Loss) 41,655 -
[42]
Expenses
Advertising
Bad debt
Commissions
Depreciation 16,616
Employee benefits
Furniture and equipment
Insurance
Maintenance and repairs
Office supplies
Payroll taxes
Rent
Research and development
Salaries and wages
Software
Travel
Utilities
Web hosting and domains
Other 16,192
Total Operating Expenses 32,808 -
Operating Income (Loss) 8,847 -
Non-operating revenues, expenses, gains, losses 12,762
(Less interest expense) (6,113)
Income Before Taxes 15,496 -
(Less income tax expense) (1,069)
Income From Continuing Operations 14,427 -
{42} [42]
Below-the-Line Items
Income from discontinued operations
Extraordinary items
Cumulative effect of accounting changes
Net Income 14,427 -
Income Statement Template
By [Link]
[Link]
© 2008-2020 Vertex42 LLC
This spreadsheet, including all worksheets and associated content is a
copyrighted work under the United States and other copyright laws.
Do not submit copies or modifications of this template to any website or
online template gallery.
Please review the following license agreement to learn how you may or
may not use this template. Thank you.
License Agreement
[Link]
Do not delete this worksheet
