<Company Name>

Income Statement
For the Year Ending <Date>
January

February

March

April

May

June

July

August

September

October

November

December

YTD

Revenue
Sales
Sales Returns
Sales Discounts
<Other Revenue>
<Other Revenue>
<Other Revenue>
Net Sales
Cost of Goods Sold
Gross Profit
Operating Expenses
Salaries & Wages
Depreciation Expenses
Office Expenses
Rent Expense
Travel Expenses
Maintenance Expenses
Advertising Expenses
<Other Expense>
<Other Expense>
<Other Expense>
Total Operating Expenses
Income From Operations
Interest Income (Expense)
Income Before Income Taxes
Income Tax Expense
Net Income

$
$
$
$

$
$
$
$

50,000
5,000
55,000
20,000
35,000

$
$
$

7,500
500
475
1,500
250
100
200
10,525
24,475
(100)
24,375
750

23,625

$
$
$

52,500
5,250
57,750
21,000
36,750

$
$
$

7,875
525
499
1,575
263
105
210
11,051
25,699
(105)
25,594
788

24,806

$
$
$

55,125
5,513
60,638
22,050
38,588

$
$
$

8,269
551
524
1,654
276
110
221
11,604
26,984
(110)
26,873
827

26,047

$
$
$

57,881
5,788
63,669
23,153
40,517

$
$
$

8,682
579
550
1,736
289
116
232
12,184
28,333
(116)
28,217
868

27,349

$
$
$

60,775
6,078
66,853
24,310
42,543

$
$
$

9,116
608
577
1,823
304
122
243
12,793
29,750
(122)
29,628
912

28,716

$
$
$

63,814
6,381
70,195
25,526
44,670

$
$
$

9,572
638
606
1,914
319
128
255
13,433
31,237
(128)
31,109
957

30,152

$
$
$

67,005
6,700
73,705
26,802
46,903

$
$
$

10,051
670
637
2,010
335
134
268
14,105
32,799
(134)
32,665
1,005

31,660

$
$
$

70,355
7,036
77,391
28,142
49,249

$
$
$

10,553
704
668
2,111
352
141
281
14,810
34,439
(141)
34,298
1,055

33,243

$
$
$

73,873
7,387
81,260
29,549
51,711

$
$
$

11,081
739
702
2,216
369
148
295
15,550
36,161
(148)
36,013
1,108

34,905

$
$
$

77,566
7,757
85,323
31,027
54,296

$
$
$

11,635
776
737
2,327
388
155
310
16,328
37,969
(155)
37,814
1,164

36,650

$
$
$

81,445
8,144
89,589
32,578
57,011

$
$
$

12,217
814
774
2,443
407
163
326
17,144
39,867
(163)
39,704
1,222

38,483

$
$
$

85,517
8,552
94,069
34,207
59,862

$ 795,856
79,586
$ 875,442
318,343
$ 557,099

12,828
855
812
2,566
428
171
342
18,001
41,861
(171)
41,690
1,283

$ 119,378
7,959
7,561
23,876
3,979
1,592
3,183
$ 167,528
$ 389,572
(1,592)
$ 387,980
11,938

40,407

$ 376,042