Inst REVENUE Gross sales Net Sales ABC, Inc. COST OF SALES Beginning inventory Total Goods Available Total Cost of Goods Sold Gross Profit (Loss) OPERATING EXPENSES Selling Total Selling Expenses General/Administrative Total General/Administrative Expenses Total Operating Expenses Net Income Before Taxes Net Income After Taxes Extraordinary gain or loss Income tax on extraordinary gain Income Statement Less sales returns and allowances Plus goods purchased / manufactured Less ending inventory Salaries and wages Commissions Advertising Depreciation Other Salaries and wages Employee benefits Payroll taxes Insurance Rent Utilities Depreciation & amortization Office supplies Travel & entertainment Postage Equipment maintenance & rental Interest Furniture & equipment Taxes on income NET INCOME (Mention if its Profit or (Loss)) 2010 $500 200 $350 120 $470 360 $35 12 10 14 5 $12 wo w - w N 00 ON AN 6 22 $0 0 2011 $650 230 $360 165 $525 420 $41 14 12 15 6 $14 5 w o 3 6 8 2 4 1 3 1 0 1 32 $0 0 2012 $720 280 $420 185 $605 435 $46 16 14 16 6 $16 537924 1 3 1 1 1 4 26 $43 12 2013 $850 320 $435 190 $625 440 $52 18 20 16 7 $18 6 4 7 9 3 5 1 4 2 1 2 5 28 $0 0

Income Statement ABC, Inc. \begin{tabular}{|c|c|c|c|c|} \hline REVENUE & & 2010 & 2011 & 2012 \\ \hline \multirow[t]{2}{*}{ Gross sales } & & $500 & $650 & $720 \\ \hline & Less sales teburns and allowances & 200 & 230 & 280 \\ \hline \end{tabular} Net Sales \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|l|}{ COST OF SALES } \\ \hline \multirow[t]{2}{*}{ Beginning invensory } & & $350 & $360 & $420 & $435 \\ \hline & Plus goods purchased / manulactured & 120 & 165 & 185 & 190 \\ \hline \multirow[t]{2}{*}{ Total Goods Avalablet } & & $470 & $525 & $605 & $625 \\ \hline & Less ending irventocy & 360 & 420 & 435 & 460 \\ \hline \end{tabular} Total Cost of Goods sold Gross Profit (Lass) OPERATING EXPENSES Selling Salaries and wages Commissions Advertising Depreciation Other \begin{tabular}{rrr} 535 & $41 & $46 \\ 12 & 14 & 16 \\ 10 & 12 & 14 \\ 14 & 15 & 16 \\ 5 & 6 & 6 \end{tabular} $52 Total Selling Expenses GeneralyAdministrative Saiaries and wages Employee benefits Payroll taxea insurance Rent Ushities Depreciation 8 amertization Office supplies Travel s entertainment Postage Equipment mainsenance \& rental Interest Fumiture 8 equipment $12 514 4 2 6 3 1 3 1 0 0 3 Total Genera/iAdministrative Expenses Total Operating Expenses Net Income Belore Taxes Taxes on income 22 32 26 28 Net income Atter Tanes Extrabrdinary gain or loss Inconse tax on extraordinary gain \begin{tabular}{rrr} 50 & $0 & $43 \\ 0 & 0 & 12 \end{tabular} $0 NET INCOME (Mention if its Profit or (Loss))