Completed Income Statement Condensed Income Statement

Boc Hong Company Boc Hong Company

Income Statement Income Statement
For the year ended December 31, 2022 For the year ended December 31, 202
Sales Net Sales
Sales Revenue 3053081 Cost of Goods Sold
Less: Sales Discount 24241 Gross Profit
Sales Return & Allowances 56427 80668 Selling Expenses
Net Sales 2972413 Administrative Expenses
Cost of Goods Sold 1982541 Other Income and Expense
Gross Profit 989872 Income from Operation
Selling Expenses Interest on Bonds & Notes
Sales Salaries & Commissions 202644 Income before Income Tax
Sales Office Salaries 59200 Income Tax
Travel & Entertainment 48940 Net Income for the year
Advertising Expense 38315 Attributable to:
Delivery Expense 41209 Share holders of Boc Hong
Shipping Supplies and Expense 24712 Non-controlling interest
Postage abd Stationery 16788 Earning Per Share (EPS)
Telephone and Internet Expense 12215
Depreciation of Sales Equipment 9005 453028 *Note D: Selling Expenses
Administrative Expenses Sales Salaries & Commissions
Officers' Salaries 186000 Sales Office Salaries
Office Salaries 61200 Travel & Entertainment
Legal and Proffesional Services 23721 Advertising Expense
Utility Exxpense 23275 Delivery Expense
Insurance Expense 17029 Shipping Supplies and Expense
Depreciation of Building 18059 Postage abd Stationery
Depreciation of Office Equipment 16000 Telephone and Internet Expense
Stationery, Supplies & Postage 2875 Depreciation of Sales Equipment
Miscellaneous Office Ex pense 2612 350771 803799 Total Selling Expenses
Other Income and Expense
Dividend Revenue 98500 **Node E Administrative Expenses
Rent Revenue 42910 Officers' Salaries
Gain on Sales of Plant Assets 30000 171410 Office Salaries
Income from Operation 357483 Legal and Proffesional Services
Interest on Bonds & Notes 126060 Utility Exxpense
Income before Income Tax 231423 Insurance Expense
Income Tax 66934 Depreciation of Building
Net Income for the year 164489 Depreciation of Office Equipment
Attributable to: Stationery, Supplies & Postage
Share holders of Boc Hong 120000 Miscellaneous Office Ex pense
Non-controlling interest 44489 Total Administrative Expenses
Earning Per Share (EPS) 1.64
 Condensed Income Statement
Boc Hong Company
Income Statement
the year ended December 31, 2022
2972413
1982541
989872
* 453028
** 350771 803799
e and Expense 171410
357483
Bonds & Notes 126060
re Income Tax 231423
66934
or the year 164489

s of Boc Hong 120000

ing interest 44489
1.64

lling Expenses
s & Commissions 202644
59200
48940
38315
41209
plies and Expense 24712
16788
nd Internet Expense 12215
of Sales Equipment 9005
ng Expenses 453028

dministrative Expenses
186000
61200
offesional Services 23721
23275
17029
18059
of Office Equipment 16000
upplies & Postage 2875
us Office Ex pense 2612
nistrative Expenses 350771