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Can you please write a small paragraph , Explaining this Income statement , 7 , 8 lines ( Business professional writing ) Income Statements 2014

Can you please write a small paragraph , Explaining this Income statement , 7 , 8 lines ( Business professional writing ) image text in transcribed

Income Statements 2014 2015 2016 2017 2018 INCOME Gross Sales (Commissions) (Returns and allowances) Net Sales (Cost of Goods) GROSS PROFIT $805,955 $21,240 $8,060 $776,656 $150,690 $625,965 $1,363,790 $36,881 $13,638 $1,313,271 $250,598 $1,062,672 $1,818,961 $48,556 $18,190 $1,752,216 $316,381 $1,435,835 $2,344,876 $62,023 $23,449 $2,259,404 $418,331 $1,841,072 $2,893,550 $76,724 $28,935 $2,787,891 $515,185 $2,272,706 EXPENSES - General and Administrative Salaries and wages Employee benefits Payroll taxes Professional services Marketing and advertising Rent Equipment rental Maintenance Depreciation Insurance Telephone service Utilities Office supplies Postage and shipping Travel Entertainment Interest on loans Other Operation Salary Other (change title here) TOTAL EXPENSES Net income before taxes Provision for taxes on income NET PROFIT $154,800 $20,000 $23,220 $5,200 $42,483 $69,000 $0 $18,000 $10,418 $8,100 $2,400 $4,800 $1,200 $600 $0 $1,200 $0 $263,514 $0 $624,936 $1,030 $0 $1,030 $160,218 $21,400 $24,033 $5,680 $47,184 $70,452 $0 $22,200 $10,418 $8,100 $2,400 $4,800 $1,200 $600 $0 $1,800 $0 480,348 $0 $860,833 $201,840 $0 $201,840 $165,826 $22,898 $24,874 $6,360 $29,880 $72,566 $0 $22,866 $9,228 $8,100 $2,400 $4,800 $1,200 $600 $0 $1,800 $0 $624,853 $0 $998,250 $437,586 $0 $437,586 $171,630 $24,501 $25,744 $7,069 $26,724 $74,743 $0 $23,552 $4,672 $8,100 $2,400 $4,800 $1,200 $600 $0 $1,800 $0 $780,883 $0 $1,158,417 $682,655 $0 $682,655 $177,637 $26,216 $26,645 $7,709 $24,891 $76,985 $0 $24,259 $4,672 $8,100 $2,400 $4,800 $1,200 $600 $0 $1,800 $0 $950,864 $0 $1,338,777 $933,929 $0 $933,929

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