Guide to Starting and Operating a Small Business | 2018 Guide to Starting and Operating a Small Business - Page 59

PROFIT AND LOSS STATEMENT Estimated Projection Of Income And Expense For Three Years YEAR 1 Net Sales Cost of Goods Sold Gross Profit YEAR2 $. __________ OPERATING EXPENSES Depreciation & Amortization Accounting & Legal Advertising Bad Debt Expense Dues & Subscriptions Insurance Miscellaneous Officers Salaries (Corporation) Other Salaries Payroll Taxes Rent Repairs Selling Expenses Supplies Telephone Travel/Entertainment Utilities $ _____________ Total Operating Expense Operating Profit (before tax) $___ Interest Expense Other Expense Other Income _$. _ $ $ _ Est. Income Taxes (Corporate only) $ _ Net Profit _$ _ _ _ _ 57 VEAR3