MGMT
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 |