Income Statement

[Company Name]

For the Years Ending [Dec 31, 2014 and Dec 31, 2013]

Revenue
Sales revenue
(Less sales returns and allowances)
Service revenue
Interest revenue
Other revenue

Total Revenues

2014

2013

110,000

95,000

70,000

62,000

180,000

157,000
[42]

[42]

Expenses
Advertising
Bad debt
Commissions
Cost of goods sold
Depreciation
Employee benefits
Furniture and equipment
Insurance
Interest expense
Maintenance and repairs
Office supplies
Payroll taxes
Rent
Research and development
Salaries and wages
Software
Travel
Utilities
Web hosting and domains
Other

Total Expenses
Net Income Before Taxes
Income tax expense

Income from Continuing Operations

1,000

1,000

65,000

63,000

8,000
4,200

5,200

55,000

55,000

17,460

142,660

132,200

37,340
14,936

24,800
9,920

22,404

14,880

{42}

[42]

Below-the-Line Items
Income from discontinued operations
Effect of accounting changes
Extraordinary items

Net Income

22,404

14,880

Income Statement

[Company Name]

For the Years Ending [Dec 31, 2014 and Dec 31, 2013]

Revenue
Gross sales
(Less sales returns and allowances)

Net Sales

2014

2013

181,683
(10,000)

171,683

130,028
130,028

130,028

41,655

Cost of Goods Sold

Beginning inventory
Goods purchased or manufactured
Total Goods Available
(Less ending inventory)
Cost of Goods Sold

Gross Profit (Loss)

[42]

Expenses
Advertising
Bad debt
Commissions
Depreciation
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
Total Operating Expenses

Operating Income (Loss)

Non-operating revenues, expenses, gains, losses
(Less interest expense)
Income Before Taxes
(Less income tax expense)

Income From Continuing Operations

16,616

16,192
32,808

8,847

12,762
(6,113)
15,496
(1,069)

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

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