Maynard Company Income Statement, June |
||
| Sales | 70,925 |
|
| Less Cost of Goods Sold | 39,345 |
|
| Gross Margin | 31,580 |
|
| Expenses | ||
| Wages | $5,888 |
|
| Utilities | 900 |
|
| Supplies | 600 |
|
| Insurance | 324 |
|
| Depreciation | 2,574 |
|
| Miscellaneous | 135 |
10,241 |
| Income before Income Tax | 21,159 |
|
| Income Tax Expense | 1,524 |
|
| Net Income | 19,635 |
|