Income Statement
January 1-December 31, 200_
Sales			592,000		100%
Less: Cost of goods sold					48%
Gross Margin					52%
Operating expenses:
Salaries					14%
Utilities			17,760
Depreciation					4%
Rent			23,680		4%
Insurance			41,440
Interest					1%
Sales promotion			76,960
Taxes and licenses					2%
Total expenses			284,160
Net income before taxes