Sample Profit & Loss Statement
Take a look at a sample Profit & Loss Statement.
Sample Company, Inc.
Sample Profit & Loss Statement
August 1 – 31, 2010
Operating Revenue
Product sales $12,000
Service sales 3,000
Total Operating Revenue 15,000
Operating Expenses
Cost of goods sold 7,000
Gross Profit 8,000
Overhead
Rent 1,500
Insurance 250
Office supplies 150
Utilities 100
Total Overhead 2,000
Operating Income 6,000
Other Income (Expenses)
Loan interest (500)
Earnings Before Income Taxes 5,500
Income Taxes 500
Net Earnings $ 5,000
Note that a business organized as a C corporation almost always shows income tax expense, but S corporations, partnerships, LLCs, and sole proprietorships rarely list income tax on the P&L.
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