Income Statement

For the Year Ended December 31, 2014

Revenue
Net Sales 490000
Dividend revenue 10,000
Total Revenue 500,000
Expenses:
Cost of goods sold 220,000
General and administrative expenses 95,000
Selling expenses 115,000
Interest expense 5,000
Total expenses 435,000
Income before taxes 65,000
Less taxes on income 19,500
Net income 45,500
Number of Outstanding Share 50000
Earning Per Share 0.91