EAST WEST COLLEGE INCOME STATEMENT For the year ending December 31, 20XX Training Income Customized General Total Income Cost of Service Provided Instructional Materials Contract Instructors Travel Total Cost of Services Provided Gross Margin Expenses Advertising & Promotion Amortization Bad Debts Bank Charges & Interest Donations Insurance Interest on L/T Debt Meals & Entertainment Memberships Occupancy Costs Professional Fees Repairs & Maintenance Wages and Benefits Total Expenses Net Income from operations Non-Operating Income Interest income Gain/Loss on Disposal Total Non-Operating Income Net Income before Income Taxes Income Taxes Net Income for the year NAME: 63