Income Statement

For the year ended

0 Sale :- ………….
less: sale Discount ………….
sales return and allowances …………. ………….
Net sales …………
0 Cost of Good sold :
Merchandise Inventory ,Opening balance ………… 34800
Purchases …………
less: Purchase return and allowances …………
Purchase Discount …………-> ………..
Net purchase …………
Add: Transportation-in …………->
Cost of good purchased …………
Good Available for sale ………… -32900
less: Merchandise inventory, Ending balance …………
Cost of good sold …………. 102000
Gross profit from sale …………

Operating Expense:
Selling Expence
Sales salaries expence ……………
Advertising Expense ……………
Rent expense,Selling Expense ……………
Depreciation Expense,Store equipment ……………
Store suppliese Expense ……………
Total Selling Expense ……………
General and Administrative Expense
Office salaries Expense ……………
Office supplies Expense ……………
Rent expense,Office Expense ……………
Depreciation Expense,Office Equipment ……………
Insurance Expense ……………
Total General and Administrative Expense ……………
Total Operating Expense ……………
Income From Operations ……………
Other Revenues and Expenses:
Rent revenue ……………
Interest Expense ………….. …………….
Net Income …………….