K J GHI L M N P 0 R Q Total Sales M T 3 TI F S $250 $325 $500 $300 $200 $575 $2,150 CGS 24% $516 00 $1,500 $200 $346.15 $46.15 Monthly Rent Monthly utilities Monthly Wages Monthly insurance Total $3,000 S692.31 $100 $23.08 51.107.69 Interest income $2.400 annual) $46.15 Alterations Income $300.00 $300 $46.151 Interest expense $200 (month -D 10 11 Net sales $2,150 S $516.00 COGS $1,634.00 GP (S - COGS) 12 Cost of goods sold (using percentage) 13 Gross profit 14 Operating expenses 15 SG&A expenses excluding depreciation 16 SG&A depreciation and amortization 17 Other operating exp 18 Total operating expenses OE OI (GP-OE) 19 Operating income 20 Nonoperating or other income or (expense) 21 Nonoperating income/gain: 22 Interest expense 23 Other nonoperating exp. 24 Loss NOI 25 Total nonoperating or other income or (expense) 26 Net income NI (OI + NOI) Income Statement 1 Income Statement 2