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[Company Name]
Income Statement
FROM
TO
Revenue
2020
2021
Sales revenue
(Less sales returns and allowances)
Service revenue
Interest revenue
Other revenue
Total Revenues
$180,000.00
$157,000.00
[42]
Expenses
Advertising
Bad debt
Commissions
Cost of goods sold
Deperciation
Employee benefits
Furniture and equipment
Insurance
Interest expense
Maintenance and repairs
Office supplies
Payroll taxes
Rent
Research and development
Salaries and wages
Software
Travel
Utilities
Web hosting and domains
Other
Total Expenses
$142,660.00
$132,200.00
Net Income Before Taxes
$37,340.00
$24,800.00
Income tax expense
Income from Continuing Operations
$22,404.00
$14,880.00
{42}
[42]
Below-the-Line Items
Income from discontinued operations
Effect of accounting changes
Extraordinary items
Net Income
$22,404.00
$14,880.00
[Company Name]
Income Statement
FROM
TO
Revenue
2020
2021
Sales revenue
(Less sales returns and allowances)
Service revenue
Interest revenue
Other revenue
Total Revenues
$180,000.00
$157,000.00
[42]
Expenses
Advertising
Bad debt
Commissions
Cost of goods sold
Deperciation
Employee benefits
Furniture and equipment
Insurance
Interest expense
Maintenance and repairs
Office supplies
Payroll taxes
Rent
Research and development
Salaries and wages
Software
Travel
Utilities
Web hosting and domains
Other
Total Expenses
$142,660.00
$132,200.00
Net Income Before Taxes
$37,340.00
$24,800.00
Income tax expense
Income from Continuing Operations
$22,404.00
$14,880.00
{42}
[42]
Below-the-Line Items
Income from discontinued operations
Effect of accounting changes
Extraordinary items
Net Income
$22,404.00
$14,880.00

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