Income Statement Example

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Income Statement

The income statement reports a company's income or loss for a specific period. It lists revenues and subtracts from them the period's expenses. A positive balance results in an income and a negative balance indicates a loss. In the example below revenues of $6,000 minus expenses of $3,000 results in a net income of $3,000. This figure is used on the Statement of Owner's Equity.

Your Business Name Income Statement For Month Ended June 30, 2008
Revenues
Net sales		$5,000.00
Rental revenue		1,000.00
Total revenues		$6,000.00
Expenses
Wages expense	$1,500.00
Cost of goods sold	1,000.00
Utilities expense	250.00
Supplies expense	250.00
Total operating expenses		3,000.00
Net income/loss		$3,000.00

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