HCA 430: Unit 4 Assignment 1: Income Statement

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Income Statement

Income Statement
Acme Healthcare Practice
[FY 2018] January February March April May June July August September October November December
Financial Statements in U.S. Dollars
Revenue
Gross Sales 150000 200000 0 0 0 0 0 0 0 0
Less: Sales Returns and Allowances 2012 550 0 0 0 0 0 0 0
Net Sales 147988 199450 0 0 0 0 0 0 0 0 0 0
Cost of Goods Sold
Beginning Inventory 10000 9000 0 0 0 0 0 0 0 0
Add: Purchases 2500 0 0 0 0 0 0 0 0 0
Freight-in
Direct Labor
Indirect Expenses
Inventory Available 12500 9000 0 0 0 0 0 0 0 0 0 0
Less: Ending Inventory 9000 7500
Cost of Goods Sold 3500 1500 0 0 0 0 0 0 0 0 0 0
Gross Profit (Loss) 144488 197950 0 0 0 0 0 0 0 0 0 0
Expenses
Advertising 100
Amortization
Bad Debts
Bank Charges
Charitable Contributions
Commissions
Contract Labor
Depreciation 1500 1500
Dues and Subscriptions
Employee Benefit Programs
Insurance 1500 1500
Interest
Legal and Professional Fees
Licenses and Fees
Miscellaneous
Office Supplies 400 550
Payroll Taxes
Postage
Rent 3000 3000
Repairs and Maintenance
Supplies
Telephone 200 225
Travel
Utilities
Vehicle Expenses
Wages 15000 15500
Total Expenses 21700 22275 0 0 0 0 0 0 0 0 0 0
Net Operating Income 122788 175675 0 0 0 0 0 0 0 0 0 0
Other Income
Gain (Loss) on Sale of Assets
Interest Income 250
Total Other Income 250 0 0 0 0 0 0 0 0 0 0 0
Net Income (Loss) 123038 175675 0 0 0 0 0 0 0 0 0 0