DELEON INC. Budgeted Income Statement For the Year Ending December 31, 2014 Sales Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses Administrative Expenses Total Operating Expenses Income before Income Taxes Income Tax Expense Net Income/ (Loss) 800000 0 520000 0 280000 0 560000 540000 110000 0 170000 0 500000 0 400000 0 100000 0 360000 340000 700000 300000 Total 1300000 0 9200000 3800000 920000 880000 1800000 2000000 600000 1400000