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Income Statement for Crest Shoe Company Inc. For Year Ending 12/31/19 Sales Gross Sales $1,139,437 Less Returns $1,805 Net Sales $1,137,632 Cost of Goods Sold
Income Statement for Crest Shoe Company Inc. | |||
For Year Ending 12/31/19 | |||
Sales | |||
Gross Sales | $1,139,437 | ||
Less Returns | $1,805 | ||
Net Sales | $1,137,632 | ||
Cost of Goods Sold | |||
Materials | $47,036 | ||
Contract Manufacturing | $247,950 | ||
Licensing Payments | $76,387 | ||
Total Cost of Goods Sold | $371,373 | ||
Gross Profit | ?????????? | ||
Operating Expenses | |||
MARKETING & SALES | |||
Sales & Mktg Salaries | $137,243 | ||
Collateral & Promotions | $13,381 | ||
Advertising | $27,313 | ||
Other Sales & Mkt Costs | $3,412 | ||
Total Marketing & Sales Expenses | $181,349 | ||
GENERAL & ADMINISTRATIVE | |||
Office Salaries | $115,823 | ||
Rent | $49,315 | ||
Utilities | $17,384 | ||
Depreciation | $11,939 | ||
Other Overhead Costs | $28,875 | ||
Total General & Administrative | $223,336 | ||
Total Operating Expenses | $404,685 | ||
Net Income Before Taxes | ??????????? | ||
Taxes (25%) | $90,394 | ||
Net Income | ???????????? | ||
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