Income Statement
January 1-December 31, 200_
Sales			592,000		100%
Less: Cost of goods sold			284,160		48%
Gross Margin			307,840		52%
Operating expenses:
Salaries			82,880		14%
Utilities			17,760		3%
Depreciation			23,680		4%
Rent			23,680		4%
Insurance			41,440		7%
Interest			5,920		1%
Sales promotion			76,960		13%
Taxes and licenses			11,840		2%
Total expenses			284,160		48%
Net income before taxes			23,680		4%