Format of Income Statement

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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