| Template 21 |
| Income Statement and Analysis of Retained Earnings |
| See Chapter 22 for a discussion of this topic. |
| Replace the heading with your company's name and years covered by the Income Statement. |
| Replace each of the xxx's with your values or zero, and the statement values will be calculated. |
| Replace the xxx's in Row 10 with the number of shares of common stock |
| outstanding for your years | 2018: | xxx | | 2017: | xxx |
| Pacioli Wholesale Corporation |
| Income Statement and Analysis of Retained Earnings |
| For the Years Ending June 30, 2018 and June 30, 2017 |
| | | 2018 | | | 2017 |
| Sales | | xxx | | | xxx |
| Less Cost of Goods Sold | | xxx | | | xxx |
| Gross Profit | | $0 | | | $0 |
| Operating Expenses |
| Selling Expenses | xxx | | | xxx |
| Other | xxx | | | xxx |
| General Expenses | xxx | | | xxx |
| Administrative Expenses | xxx | | | xxx |
| Total Operating Expenses | | 0 | | | 0 |
| Operating Income | | $0 | | | $0 |
| Interest Expense | | xxx | | | xxx |
| Income Before Taxes | | $0 | | | $0 |
| Income Taxes | | xxx | | | xxx |
| Net Income | | $0 | | | $0 |
| Earning Per Share Common | $0.00 | | | $0.00 |
| Less Dividends 2018 amd 2017 | | xxx | | | xxx |
| Addition to Retained Earnings | | $0 | | | $0 |
| Retained Earnings July 1, 2017 and 2016 | | 0 | | | xxx |
| Retained Earnings June 30, 2018 and 2017 | | $0 | | | $0 |
| Note: Adjust the dates in rows 34 and 35. Row 34 represents balances at the beginning of the year. |
| Row 35 should be the year-end dates. |
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Template21-StatementofIncomeandRetainedEarnings.xls
