Income Statement - GIOVANNI COMPANY Income Statement For...

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Designed by: www.PracticalSpreadsheets.com GIOVANNI COMPANY Income Statement For the Year Ending 2011 January February March April May June July August September October November December YTD Revenue Sales $50,000 $52,500 $55,125 $57,881 $60,775 $63,814 $67,005 $70,355 $73,873 $77,566 $81,445 $85,517 $795,856 Sales Returns - - - - - - - - - - - - - Sales Discounts 5,000 5,250 5,513 5,788 6,078 6,381 6,700 7,036 7,387 7,757 8,144 8,552 79,586 <Other Revenue> - - - - - - - - - - - - - <Other Revenue> - - - - - - - - - - - - - <Other Revenue> - - - - - - - - - - - - - Net Sales $55,000 $57,750 $60,638 $63,669 $66,853 $70,195 $73,705 $77,391 $81,260 $85,323 $89,589 $94,069 $875,442 Cost of Goods Sold $20,000 $21,000 $22,050 $23,153 $24,310 $25,526 $26,802 $28,142 $29,549 $31,027 $32,578 $34,207 318,343 Gross Profit $35,000 $36,750 $38,588 $40,517 $42,543 $44,670 $46,903 $49,249 $51,711 $54,296 $57,011 $59,862 $557,099 Operating Expenses Salaries & Wages $7,500 $7,875 $8,269 $8,682 $9,116 $9,572 $10,051 $10,553 $11,081 $11,635 $12,217 $12,828 $119,378 Depreciation Expenses 500 525 551 579 608 638 670 704 739 776 814 855 7,959 Office Expenses 475 499 524 550 577 606 637 668 702 737 774 812
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