Income Statement                     Revenue:             Gross Sales           Less: Sales Returns and Allowances           Net Sales                   Cost of Goods Sold:             Beginning Inventory           Add: Purchases               Freight-in             Direct Labor           Indirect Expenses                       Less: Ending Inventory           Cost of Goods Sold                         Gross Profit (Loss)                       Expenses:           Advertising           Amortization           Bad Debts           Bank Charges           Charitable Contributions           Commissions             Contract Labor           Credit Card Fees           Delivery Expenses           Depreciation           Dues and Subscriptions           Insurance           Interest           Maintenance           Miscellaneous           Office Expenses           Operating Supplies           Payroll Taxes           Permits and Licenses           Postage           Professional Fees           Property Taxes           Rent             Repairs           Telephone           Travel             Utilities           Vehicle Expenses           Wages           Total Expenses                     Net Operating Income                       Other Income:           Gain (Loss) on Sale of Assets           Interest Income           Total Other Income                       Net Income (Loss)

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