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* Enter Your Data in Green Cells, The Value in Gray Cells are Automatically Calculated for You.  
  Income Statement              
     
     
  Financial Statements in U.S. Dollars      
  Revenue          
    Gross Sales      
    Less: Sales Returns and Allowances      
    Net Sales      
         
  Cost of Goods Sold          
    Beginning Inventory      
    Add: Purchases      
      Freight-in      
      Direct Labor      
      Indirect Expenses      
    Inventory Available      
    Less: Ending Inventory      
    Cost of Goods Sold      
           
    Gross Profit (Loss)      
         
  Expenses          
    Advertising      
    Amortization      
    Bad Debts      
    Bank Charges      
    Charitable Contributions      
    Commissions      
    Contract Labor      
    Depreciation      
    Dues and Subscriptions      
    Employee Benefit Programs      
    Insurance      
    Interest      
    Legal and Professional Fees      
    Licenses and Fees      
    Miscellaneous      
    Office Expense      
    Payroll Taxes      
    Postage      
    Rent      
    Repairs and Maintenance      
    Supplies      
    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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