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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.

20112012201320142015
Revenue:
Product/service sales1,760,0002,636,0003,425,0004,706,0006,139,000
Maintenance00000
Consulting Services00000
Royalties00000
Interest00000
Other00000
Total revenue$1,760,000$2,636,000$3,425,000$4,706,000$6,139,000

Expenses:
Cost of Goods Sold
Salaries600,0000000
Production Expense190,0000000
Other00000
Gross margin$970,000$1,496,000$1,980,000$2,974,000$3,914,000
Salaries755,000830,000974,0001,345,0001,805,000
Operating Expense288,000448,000580,000755,000985,000
Bad debt00000
Contributions00000
Depreciation00000
Loan Interest033,30827,08620,28012,835
Other00000
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$1,111,165
Pre-Tax (%)-4.15%7.01%11.65%18.14%18.10%
Tax Provision046,17399,729213,430277,791
Net Profit$(73,000)$138,519$299,186$640,290$833,374