ACME Distribution, Inc. Income Statement For the Years Ended December 31, 2016 and 2015 Years Ended December 31 2015 2016 Sales Less: Sales discounts ACME Distribution, Inc. Statement of Stockholders' Equity For the Years Ending December 31, 2016 and 2015 607.480 1,480 620 605,380 461,200 144,180 Sales returns and allowances Net sales Additional Cost of goods sold Gross profit Common Stock Retained Earnings Shares 153,530 S155,030 Balance, January 1, 2015 Common stock issued Add: Net income Less: Dividends paid Balance, December 31, 2015 120 Common stock issued Add: Net income Less:Dividends paid Balance, December 31, 2016 Operating expenses: 200 400 Depreciation expense--Office equipment Depreciation expense-Warehouse equipment Bad debt expense Salaries expense Insurance expense Rent expense Advertising expense Utilities expense Total operating expense 1,200 20,880 12,000 20,880 1,200 900 640 48,000 8,060 24,000 15,900 162,410 164,510 13 123,300 Income from operations 20,880 Net income 20,880 ACME Distribution, Inc. Income Statement For the Years Ended December 31, 2016 and 2015 Years Ended December 31 2015 2016 Sales Less: Sales discounts ACME Distribution, Inc. Statement of Stockholders' Equity For the Years Ending December 31, 2016 and 2015 607.480 1,480 620 605,380 461,200 144,180 Sales returns and allowances Net sales Additional Cost of goods sold Gross profit Common Stock Retained Earnings Shares 153,530 S155,030 Balance, January 1, 2015 Common stock issued Add: Net income Less: Dividends paid Balance, December 31, 2015 120 Common stock issued Add: Net income Less:Dividends paid Balance, December 31, 2016 Operating expenses: 200 400 Depreciation expense--Office equipment Depreciation expense-Warehouse equipment Bad debt expense Salaries expense Insurance expense Rent expense Advertising expense Utilities expense Total operating expense 1,200 20,880 12,000 20,880 1,200 900 640 48,000 8,060 24,000 15,900 162,410 164,510 13 123,300 Income from operations 20,880 Net income 20,880