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Browning

Manufacturing Company
Projected 2006 Income Statement
Sales
Less: Sales returns and allowances
Sales dicount allowed
Net sales
Less: Cost of goods sold (per schedule)
Gross Margin
Less: Selling and administrative expense
Operating income
Less: Interest Expense
Income before federal income tax
Less: Estimated income tax expense
Net income

$ 2,562,000.00

$ 19,200.00

49,200 68,400
2,493,600
1,806,624
686,976
522,000
164,976
38,400
126,576
58,000
$ 68,576.00