5 - 5b

WRIGHT COMPANY
Income Statement
For the Month Ended December 31, 2014
Sales Revenues
Sales Revenue	972,000
Sales Return and allowances	46,000
Sales Discount	12,000
Net Sales	914,000
Cost of goods sold	548,000
Gross profit	366,000
Operating Expenses
Salaries and wages ( 88,000 +10,000 + 46,000)	152,000
Freight Out	20,000
Depreciation Equipment	4,000
Advertising Expense	12,000
Utilities Expense	13,000
	Amount
Account title	Amount
Total operating expenses	Amount
Income from operations	Amount
Other revenues and gains
Account title	Amount
Other expenses and losses
Account title	Amount	Amount (Total)
Income before income taxes
Income tax expense
Net Income