Income Statement

For the years ended December 31, 2017, 2018, 2019

2017 2018 2019

Gross Sales 120,000 200,000 300,000
Cost of Goods Sold 20,000 60,000 100,000
Gross Profit 100,000 140,000 200,000
Expenses 10,000 15,000 20,000
Income before Tax 90,000 125,000 180,000
Tax (30%) 27,000 37,500 54,000
Net Income 63,000 87,500 126,000

Indexed Income Statement

For the years ended December 31, 2017, 2018, 2019

2017 2018 2019

Gross Sales 100% 167% 250%
Cost of Goods Sold 100% 300% 500%
Gross Profit 100% 140% 200%
Expenses 100% 150% 200%
Income before Tax 100% 139% 200%
Tax (30%) 100% 139% 200%
Net Income 100% 139% 200%

Common Size Income Statement

For the years ended December 31, 2017

2017
Gross Sales 120,000 100%
Cost of Goods Sold 20,000 17%
Gross Profit 100,000 83%
Expenses 10,000 8%
Income before Tax 90,000 75%
Tax (30%) 27,000 23%
Net Income 63,000 53%