Peyton Approved

Income Statement

For Year Ending $12/31/2017$

Bakery Sales

Merchandise Sales

Total Revenues $-$

Merchandise Cost of Goods Sold $($FIFO$)$

Baking Cost of Goods Sold

Gross Profit $-$

Operating Expenses:

Rent Expense

Interest Expense

Insurance Expense

Depreciation Expense

Amortization Expense

Misc. Expense

Office Supplies Expense

Business License Expense

Advertising Expense

Wages Expense

Telephone Expense

Total Operating Expenses: $-$

Net Income $-$