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4-4 Income Statement - $562.50 $562.50 Tax Expense Payroll...

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Date: 12/1/2010 Jackson Supply Company Page: 1 Income Statement For 1/1/2011 To 1/31/2011 For All Segment1s Current Current Period YTD Sales Sales $49,463.75 $49,463.75 Gross Sales $49,463.75 $49,463.75 Sales Returns and Discounts Sales Returns $611.13 $611.13 Total Sales Returns and Discounts $611.13 $611.13 Net Sales $48,852.62 $48,852.62 Cost of Goods Sold Cost of Goods Sold $37,791.90 $37,791.90 Total Cost of Goods Sold $37,791.90 $37,791.90 Gross Profit On Sales $11,060.72 $11,060.72 Operating Expenses Selling Expense Total Selling Expense $0.00 $0.00 Administrative Expense Office Supplies $1,894.00 $1,894.00 Total Administrative Expense $1,894.00 $1,894.00 Salaries Expense Salaries and Wages $12,605.00 $12,605.00 Total Salaries Expense $12,605.00 $12,605.00 Other Employee Expenses Total Other Employee Expenses $0.00 $0.00 Interest Expense Interest Expense $562.50 $562.50
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Unformatted text preview: $562.50 $562.50 Tax Expense Payroll Taxes $1,405.46 $1,405.46 Total Tax Expense $1,405.46 $1,405.46 Depreciation Expense Date: 12/1/2010 Jackson Supply Company Page: 2 Income Statement For 1/1/2011 To 1/31/2011 For All Segment1s Current Current Period YTD Total Depreciation Expense $0.00 $0.00 Bad Debt Expense Total Bad Debt Expense $0.00 $0.00 Total Operating Expenses $16,466.96 $16,466.96 Net Profit On Sales ($5,406.24) ($5,406.24) Gain/Loss on Asset Disposal Total Gain/Loss on Asset Disposal $0.00 $0.00 Other Income Total Other Income $0.00 $0.00 Other Expenses Total Other Expenses $0.00 $0.00 Total Other Income And Expenses $0.00 $0.00 Net Income Before Taxes ($5,406.24) ($5,406.24) Income Tax Expense Total Income Tax Expense $0.00 $0.00 Net Income ($5,406.24) ($5,406.24)...
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