ABC COMPANY INCOME STATEMENT FOR THE PERIOO ENDED DECEMBER 31, 2014 2014 013 CHANGE % CHANGE S 1,572,134 $158,553 Cost of goods sold Gross profit 6,721$44,494 856,860 601,215 EXPENSES Advertising $ 55,153 20,151 17,261 91,014 21,442 $ 18,934 $ 10,207 S 81,214 5 59, Bad debts 192% Miscellaneous 6,243 673 1,809 269 142,078 S 13,642 S 45,312 5 15,6435 Repairs and maintenance Salaries and wages Utilities Total expenses Net income before income tax Income tx expense NET INCOME 47,121 15,912 430,690 23% 349,003 81,687 $30229030709 53.472 507,857 32,372 12,949 S 540, 216,092 304 714 $ 19.42 ABC COMPANY INCOME STATEMENT FOR THE PERIOO ENDED DECEMBER 31, 2014 2014 013 CHANGE % CHANGE S 1,572,134 $158,553 Cost of goods sold Gross profit 6,721$44,494 856,860 601,215 EXPENSES Advertising $ 55,153 20,151 17,261 91,014 21,442 $ 18,934 $ 10,207 S 81,214 5 59, Bad debts 192% Miscellaneous 6,243 673 1,809 269 142,078 S 13,642 S 45,312 5 15,6435 Repairs and maintenance Salaries and wages Utilities Total expenses Net income before income tax Income tx expense NET INCOME 47,121 15,912 430,690 23% 349,003 81,687 $30229030709 53.472 507,857 32,372 12,949 S 540, 216,092 304 714 $ 19.42