70,000 60,000 50,000 Income Statement by Line Item 40,000 30,000 20,000 10,000 Sales Cost of sales Gross profit (10,000) Selling, general & admin expenses Depreciation Interest Net income (20,000) 12-Month average January 2021 Expenses as a % of Sales - 12-Month Average Cost of sales Selling, general & admin expenses Depreciation Interest Expenses as a % of Sales - January 2021 Cost of sales Selling, general & admin expenses Depreciation Interest 70,000 60,000 50,000 40,000 30,000 20,000 10,000 Feb-20 12-Month Trend in Sales & Cost of Sales Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Sales -Cost of sales Oct-20 Nov-20 Dec-20 Jan-21