Professional Documents
Culture Documents
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