| University of Arizona Global Campus - Income Statements for BUS 368 Entrepreneurial Finance Team Project |
| | | | | | 201Y | | 201X |
| Sales | | | | | $6,893,755 | | $5,893,755 |
| Cost of Sales | | | | | $5,300,807 | | $4,600,807 |
| Gross profit | | | | | $1,592,948 | | $1,292,948 | | | | | | | | |
| | | | | | | | | | | | | | | \ |
| Depreciation and amoritization | | | | | $364,273 | | $354,273 |
| SG&A | | | | | $902,820 | | $702,820 |
| Income from operations (EBIT) | | | | | $325,855 | | $235,855 |
| Other income (expense) |
| | Interest expense | | | | $48,905 | | $28,905 |
| | Interest income | | | | $3,465 | | $1,465 |
| | Gain on sale of assets | | | | $8,059 | | $9,059 |
| Income before taxes (EBT) | | | | | $265,426 | | $196,426 |
| Income tax expense | | | | | $161,910 | | $119,820 |
| Net income | | | | | $103,516 | | $76,606 |
| SG&A is selling and general administrative expense |
| Income tax rate is 39.0% |
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BUS368_Income_and_Expenseupdated5-7-21.xlsx
