20XX
Contoso Income Statement
Revenue
Gross sales
Less: Sales returns and allowances
Net sales $-
Cost of goods sold
Beginning inventory
Add: Purchases
Direct labor
Indirect expenses
Inventory available $-
Less: Ending inventory
Cost of goods sold $-
Gross profit (loss) $-
Expenses
Rent
Amortization $-
Utilities $-
Wages & direct costs $-
Commissions $-
Supplies $-
Marketing $-
Logistics $-
Repairs and maintenance $-
Miscellaneous $-
Depreciation $-
Interest $-
Total expenses $-
Net operating income $-
Other income
Gain (loss) on sale of assets
Interest income
Total other income $-
Net income (loss) $-
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