Income Statement

For the year ended INPUT DATE

Revenue: Sales Less: Sales Discount Sales Return and Allowance Net Sales Cost of merchandise sold: Beginning Merchandise inventory Net Purchases Plus: Transport in Cost of delivered merchandise Less; Purchase discounts Purchase returns and Allowances Net purchases Cost of merchandise available Less: Closing merchandise inventory Cost of merchandise sold Gross Profit on Sales Operating Expenses: Advertising Expenses Insurance Expenses Bank Card Fees Maintenance Expenses Payroll Tax Expenses Rent Expenses Salaries Expenses Supplies Expenses Utilities Expenses Total Operating Expenses Operating Income Less: Fed. Corp. Inc. Tax. Exp. Net Income