Income Statement For the Year Ended: [Year]
Revenue | |
Sales | [$1,500,000] |
Service Revenue | |
Other Income | |
Total Revenue | |
Cost of Goods Sold (COGS) | |
Cost of Goods Sold | |
Gross Profit | |
Operating Expenses | |
Marketing Expenses | |
Research and Development | |
General and Administrative | |
Total Operating Expenses | |
Operating Income (EBIT) | |
Non-Operating Income/Expense | |
Interest Income | |
Interest Expense | |
Total Non-Operating Income | |
Net Income Before Tax (EBT) | |
Income Tax | |
Net Income After Tax (Net Profit) |
This statement summarizes the financial performance of [Your Company Name] for the year [2050]. The Net Income is calculated after deducting all expenses, including taxes, from the total revenues.
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