Comprehensive Income Statement

For the period ended:

Sales
Sales
Less: Sales Returns and Allowances
Sales Discounts
Net Sales
Cost of Goods Sold
Merchandise Inventory, (beginning date)
Purchases
Less: Purchase Returns and Allowances
Purchase Discounts
Net Purchases
Freight in/Transportation In
Goods Available for Sale
Less: Merchandise Inventory, (ending date)
Cost of Goods Sold
Gross Profit
Expenses
General & Administrative Expenses
Selling Expenses

Net Operating Profit

Less: Interest Expense
Net Profit

sive Income Statement

he period ended:

120,000.00

1,200.00
12,000.00
13,200.00
106,800.00

85,000.00
2,500.00
4,500.00

7,000.00
78,000.00

5,000.00
83,000.00
10,000.00
73,000.00
33,800.00