accounting
mr.5rmasho
incomestatement.xlsxSheet1
| Company ABC, Inc, | |||||
| Income Statement | |||||
| For the year ending | 12/31/13 | 12/31/12 | 12/31/11 | 12/31/10 | |
| Total Revenue | 14,492,000 | 14,883,000 | 13,322,000 | 11,990,000 | |
| Cost of Goods Sold | 7,352,000 | 7,780,000 | 6,993,000 | 6,260,000 | |
| Gross Profit | 7,140,000 | 7,103,000 | 6,329,000 | 5,730,000 | |
| Operating Expenses | 1,825,000 | 1,790,000 | 1,887,000 | 1,694,000 | |
| Research Development | 1,347,000 | 1,505,000 | 1,291,000 | 621,000 | |
| Selling General and Administrative | 1,265,000 | 1,033,000 | 1,017,000 | 1,310,000 | |
| Interest Expense | 134,000 | 120,000 | 87,000 | 14,000 | |
| Other Expenses | 145,000 | 1,450,000 | 234,000 | 1,344,000 | |
| Total Operating Expenses | 4,716,000 | 5,898,000 | 4,516,000 | 4,983,000 | |
| Operating Income (or Loss) | 2,424,000 | 1,205,000 | 1,813,000 | 747,000 | |
| Income Tax Expense | 73,000 | 97,000 | 108,000 | 112,000 | |
| Net Income (or Loss) | 2,351,000 | 1,108,000 | 1,705,000 | 635,000 |
