Income Statement of Merchandising Company

SAMPLE INCOME STATEMENT OF A MERCHANDISING COMPANY

Company `T` Income Statement Period (e.g. For the Month of June) Gross Sales Less: Sales Returns & Allowances Sales Discounts Net Sales Less: Cost of Goods Sold Gross Profit Less: Operating Expenses 1. Salaries and Wages Expenses 2. Marketing Selling and Distribution Expenses 3. Utilities Expenses 4. Depreciation Expenses 5. Delivery Expense 6. Other Expenses Operating Income Add: Revenues & Gains from other operations 1. Dividend Revenue 2. Interest Revenue 3. Rental Revenue 4. Commission Revenue 5. Gain on Sale of Marketable Securities 6. Gain on Disposal of Plant Assets 7. Other Gains and Revenues Less: Expenses & Losses from other operations 1. Loss on Sale of Marketable Securities 2. Uncollectible Accounts Expense 3. Loss on Disposal of Plant Assets 4. Foreign Exchange Losses 5. Other Losses Less: Borrowing (Interest) Expenses Income or Loss Before Tax Less: Income Tax Expense Net Income or Loss