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[Company Name] Income Statement

For the Years Ending [Dec 31, 2014 and Dec 31, 2013]

Revenue 2017 2016


Sales revenue 110,000 95,000
(Less sales returns and allowances)
Service revenue 70,000 62,000
Interest revenue
Other revenue
Total Revenues 180,000 157,000
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Expenses
Advertising 1,000 1,000
Bad debt
Commissions
Cost of goods sold 65,000 63,000
Depreciation
Employee benefits
Furniture and equipment 8,000
Insurance
Interest expense 4,200 5,200
Maintenance and repairs
Office supplies
Payroll taxes
Rent
Research and development
Salaries and wages 55,000 55,000
Software
Travel
Utilities
Web hosting and domains
Other 17,460
Total Expenses 142,660 132,200

Net Income Before Taxes 37,340 24,800


Income tax expense 14,936 9,920

Income from Continuing Operations 22,404 14,880


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Below-the-Line Items
Income from discontinued operations
Effect of accounting changes
Extraordinary items

Net Income 22,404 14,880


Euvgenia Artamonova Income Statement
For the Year Ended December 31, 2016

Revenue DEBIT CREDIT


Sales Revenue 7,266,000
Cost of Goods Sold 3,000,000
Net Sales 4,266,000
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Operating Expenses
SELLING EXPENSES
Salaries Expense 800,000
Commission Expense 80,000
Doubtful Accounts Expense 10,000
Total Selling Expenses 890,000
GENERAL & ADMINISTRATIVE EXPENSES
Utilities Expense 358,000
Supplies Expense 75,000
Insurance Expense 1,000,000
Depreciation Expense 433,000
Total General&Administrative Expenses 1,866,000
Total Operating Expenses 2,756,000

Operating Income 1,510,000


Income Before Taxes 1,510,000
Income Tax Expense 10,000
Net Income 1,500,000
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