OnyisIncomeStatement.xlsx

Sheet1

BOB IN STYLE
BUDGETED INCOME STATEMENT
FOR THE YEAR ENDED 20XY
Sales $ 51,000.00
COGS $ 21,000.00
Gross Profit $ 30,000.00
Operating Expense:
Labor $ 4,800.00
Advertising Fee $ 3,000.00
Travel Expenses $ 1,200.00
Shipping $ 1,800.00
Bank fees $ 200.00
Phone/Internet $ 1,800.00
Utilities $ 1,200.00
Office Supplies $ 900.00
Conference Exhibitor Fee $ 3,000.00 $ 17,900.00
Income Before Taxes $ 12,100.00
Income Tax @ 28% $ 3,388.00
Net Income $ 8,712.00