Two-Year Comparative Income Statement
[Name]
Financial statements in U.S. dollars
2019
Increase /
(Decrease)
2020
Percent
Change
Revenue
Gross Sales
Less: Sales Returns and Allowances
Net Sales
64,512
650
63,862
24,015
1,255
22,760
40,497
(605)
41,102
168.63%
-48.21%
180.59%
Cost of Goods Sold
Beginning Inventory
Add:
Purchases
Freight-in
Direct Labor
Indirect Expenses
Inventory Available
Less: Ending Inventory
Cost of Goods Sold
Gross Profit (Loss)
0
0
0
0
0
0
0
0
0
0
0
0
63,862
22,760
41,102
180.59%
125
330
2,636
440
1,100
6,775
125
775
5,468
440
475
6,775
0.32%
-57.42%
-51.79%
0.00%
131.58%
0.00%
245
225
670
225
278
575
500
325
278
215
500
325
225
225
40
6,780
575
2,565
325
40
7,210
775
215
325
Expenses
Advertising
Amortization
Bad Debts
Bank Charges
Charitable Contributions
Commissions
Contract Labor
Depreciation
Dues and Subscriptions
Employee Benefit Programs
Insurance
Interest
Legal and Professional Fees
Licenses and Fees
Miscellaneous
Office Expense
Payroll Taxes
Postage
Rent
Repairs and Maintenance
Supplies
Telephone
Travel
Utilities
Vehicle Expenses
Wages
Total Expenses
645
1,566
755
3,155
26,275
28,971
0
(445)
(2,832)
0
625
0
0
(425)
0
0
0
360
0
0
0
0
0
0
(430)
(200)
2,350
0
0
(110)
(1,589)
0
(2,696)
Net Operating Income
37,587
(6,211)
43,798
-705.16%
1,220
625
1,845
7,580
225
7,805
(6,360)
400
(5,960)
-83.91%
177.78%
-76.36%
1,594
37,838
(36,244)
-95.79%
-63.43%
0.00%
0.00%
167.44%
0.00%
0.00%
0.00%
0.00%
-5.96%
-25.81%
1093.02%
0.00%
-14.57%
-50.36%
-9.30%
Other Income
Gain (Loss) on Sale of Assets
Interest Income
Total Other Income
Net Income (Loss)