INCOME STATEMENT OF XYZ COMPANY For the Period December 1 - 31, 2020 PERIOD INCOME: Gross Sales Less Discounts, Returns & Allowances (DR&A) ------------------------------- Net Sales Less Cost of Sales (COS) ------------------------------- Gross Profit EXPENSES: Sales & Marketing General & Administrative ------------------------------- Operating Expenses Income From Operations Other Income: Interest Income Rental Income ------------------------------- Total Other Income Other Expense: Other Expense: Income Taxes ------------------------------- Total Other Expense ================== Net Income (Month of December) $50,000 ($2,500) ----------------------- $47,500 $32,000 ----------------------- $15,500 % Of Net Sales 105.26% -5.26% -------------- 100.00% 67.37% -------------- 32.63% YEAR-TO-DATE (12 Months - Jan-Dec) $900,000 ($50,000) ------------------------ $850,000 $500,000 ------------------------ $350,000 Y-T-D % Of Net Sales 105.88% -5.88% --------------- 100.00% 58.82% --------------- 41.18% $5,000 $12,000 ----------------------- $17,000 ($1,500) 10.53% 25.26% -------------- 35.79% -3.16% $75,000 $150,000 ------------------------ $225,000 $125,000 8.82% 17.65% --------------- 26.47% 14.71% $250 $1,200 ----------------------- $1,450 0.53% 2.53% -------------- 3.05% $5,000 $24,000 ------------------------ $29,000 0.59% 2.82% --------------- 3.41% $1,000 $4,500 ----------------------- $5,500 ============= ($5,550) Figure 6. Above is an example of a full year end income statement. WWW.ALOA.ORG APRIL 2021 KEYNOTES 29 2.11% 9.47% -------------- 11.58% ======== -11.68% $12,000 $30,000 ------------------------ $42,000 =============== $112,000 1.41% 3.53% --------------- 4.94% ========= 13.18%
