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 Income Statement

The following is an example of a Profit & Loss Statement also known as an Income Statement. Click on any line item label and an explanation will be shown. This is a five year statement, however, your first year’s projections should show monthly figures, the second year, quarterly and years three through five should show annual figures.

2011 2012 2013 2014 2015
Revenue:
Product/service sales 1,760,000 2,636,000 3,425,000 4,706,000 6,139,000
Maintenance 0 0 0 0 0
Consulting Services 0 0 0 0 0
Royalties 0 0 0 0 0
Interest 0 0 0 0 0
Other 0 0 0 0 0
Total revenue $1,760,000 $2,636,000 $3,425,000 $4,706,000 $6,139,000
Expenses:
Cost of Goods Sold
Salaries 600,000 0 0 0 0
Production Expense 190,000 0 0 0 0
Other 0 0 0 0 0
Gross margin $970,000 $1,496,000 $1,980,000 $2,974,000 $3,914,000
Salaries 755,000 830,000 974,000 1,345,000 1,805,000
Operating Expense 288,000 448,000 580,000 755,000 985,000
Bad debt 0 0 0 0 0
Contributions 0 0 0 0 0
Depreciation 0 0 0 0 0
Loan Interest 0 33,308 27,086 20,280 12,835
Other 0 0 0 0 0
Total Oper. Expenses $1,043,000 $1,311,308 $1,581,086 $2,120,280 $2,802,835
Pre-Tax Income $(73,000) $184,692 $398,914 $853,720 $1,111,165
Pre-Tax (%) -4.15% 7.01% 11.65% 18.14% 18.10%
Tax Provision 0 46,173 99,729 213,430 277,791
Net Profit $(73,000) $138,519 $299,186 $640,290 $833,374
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