Format of Income Statement
- Monday, November 10, 2008, 6:49
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ABC Company
Income Statement
1/1/2008
Sales(Revenue) ————————– $4000
Cost of good sold ———————– $2500
————————————————
Gross Profit————————————-$1500
Marketing expense———————$200
Administrative expense—————-$300
——————————————
Total expense——————————500
————————————————
EBIT———————————————$1000
Interest———————————-$500
———————————————–
EBT———————————————-$500
Taxes————————————$250
—————————————————–
Net Inome—————————————-$250
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