Income Statement $($March $1-$ March $31)$ February January

Income $($Revenues$/$Sales$)$

Sales Income$/$Revenue $$900,000\mathrm{.}00$ $$750,000\mathrm{.}00$

Total Income $$0\mathrm{.}00$ $$900,000\mathrm{.}00$ $$750,000\mathrm{.}00$

Cost of Goods Sold

Total COGS $$498,000\mathrm{.}00$ $$340,000\mathrm{.}00$

Gross Profit $$0\mathrm{.}00$ $$402,000\mathrm{.}00$ $$410,000\mathrm{.}00$

Operational Expenses

Selling Expenses $$40,000\mathrm{.}00$ $$75,000\mathrm{.}00$

General & Administrative $$160,000\mathrm{.}00$ $$155,000\mathrm{.}00$

Total Expenses $$0\mathrm{.}00$ $$200,000\mathrm{.}00$ $$230,000\mathrm{.}00$

EBIT Operating Income $$0\mathrm{.}00$ $$202,000\mathrm{.}00$ $$180,000\mathrm{.}00$

Interest Expense $$20,000\mathrm{.}00$ $$20,000\mathrm{.}00$

Net profit before tax $$0\mathrm{.}00$ $$182,000\mathrm{.}00$ $$160,000\mathrm{.}00$

Income Taxes $$27,000\mathrm{.}00$ $$52,234\mathrm{.}00$ $$45,920\mathrm{.}00$

Net Profit $-$$$27,000\mathrm{.}00$ $$129,766\mathrm{.}00$ $$114,080\mathrm{.}00$