Income STMT.xls - FOR X COMPANY STATEMENT OF INCOME FOR THE...

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FOR X COMPANY STATEMENT OF INCOME FOR THE MONTH DECEMBER 31, 2016 SALES 5,800,000 COST OF SALES Inventories – beginning - Purchases 4,900,000.00 Freight & duty 58,905.00 4,958,905.00 Less: Inventories – ending (120,500.00) TOTAL COST OF SALES 4,838,405.00 GROSS PROFIT 961,595.00 OPERATING EXPENSES Selling, General & Administrative expense (95,500.00) OPERATING INCOME 866,095.00 OTHER INCOME AND EXPENSES Interest in & Interest Expense (12,050.00) INCOME BEFORE PROVISION FOR INCOME TAXES 854,045.00 PROVISION FOR INCOME TAXES (298,915.75) NET INCOME 555,129.25 2013 2014 2015 2016 2017 2018 2019 20 -5,000,000.00 0.00 5,000,000.00 10,000,000.00 15,000,000.00 20,000,000.00 25,000,000.00 Sales Trend and Pro Years Amount in USD ($)
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Year Sales Cost of Goods Profit
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