Income Statement Template
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1Income Statement
ITEM
ASSUMPTIONS
ANNUAL AMOUNTS
a
Income
b
Cost of sales and operations
c
Gross margin
(a-b)
Operating expenses
d
Salaries and wages
e
Advertising
f
Car and truck expenses
g
Depreciation
h
Employee benefit programs
i
Insurance
j
Legal and professional
k
Mortgage interest
l
Other interest paid
m
Office expenses
n
Pension and profit sharing plans
o
Rent on machinery and equipment
p
Rent on other business property
q
Repairs
r
Taxes paid
s
Travel
Utilities
t
u
Other
v
Total operating expenses
(d+e+f...+u)
w
Net operating income
(c-v)
totals
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