Create a financial statement for your hypothetical new business venture. Using the attached Excel template, and based on surveying a specific market place, make a best-guess estimated statement exhibiting profit and loss. In business, accuracy counts, so make sure to check and recheck your numbers before submitting your financial statements.

[Your Company Name]
Income Statement
For the Year Ended [Month/Date/Year]
Revenue:
	Gross Sales					$0.00
	Less:	Sales Returns and Allowances				$0.00
	Net Sales					$0.00
Cost of Goods Sold:
	Beginning Inventory			$0.00
	Add:	Purchases		$0.00
		Direct Labor		$0.00
		Indirect Expenses		$0.00
				$0.00
	Less:	Ending Inventory		$0.00
	Cost of Goods Sold					$0.00
	Gross Profit (Loss)					$0.00
Expenses:
	Advertising			$0.00
	Bank Charges			$0.00
	Commissions			$0.00
	Contract Labor			$0.00
	Credit Card Fees			$0.00
	Delivery Expenses			$0.00
	Dues and Subscriptions			$0.00
	Insurance			$0.00
	Interest			$0.00
	Maintenance			$0.00
	Miscellaneous			$0.00
	Office Expenses			$0.00
	Payroll			$0.00
	Permits and Licenses			$0.00
	Postage			$0.00
	Professional Fees			$0.00
	Property Taxes			$0.00
	Rent			$0.00
	Telephone			$0.00
	Travel			$0.00
	Utilities			$0.00
	Total Expenses					$0.00
	Net Operating Income					$0.00
Other Income:
	Gain (Loss) on Sale of Assets			$0.00
	Interest Income			$0.00
	Total Other Income					$0.00
Net Income (Loss)						$0.00