Small Business – Profit and Loss Statement
Small Business ¨C Profit and Loss Statement
Here¡¯s a Simple Example of a Profit & Loss Statement
Sample Company, Inc.
Sample Profit & Loss Statement
May 1 ¨C 31, 2020
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
Net Earnings
?2020 Wells Fargo Bank, N.A. All rights reserved.
$500
$5,000
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