I need assiatnce with filling out an income statement for the food industry. Rev

Question

I need assiatnce with filling out an income statement for the food industry.

Revenue: Gross Sales Less: Sales Returns and Allowances Net Sales Cost of Goods Sold: Beginning Inventory Add: Purchases freight Direct Labor Indirect Expenses Less: Ending Inventory Cost of Goods Sold Gross Profit (Loss) Expenses: Advertising Amortization Bad Debts Bank Charges Charitable Contributions Commissions Contract Labor Credit Card Fees Delivery Expenses Depreciation Dues and Subscriptions Insurance Interest Maintenance Miscellaneous Office Expenses Operating Supplies Payroll Taxes Permits and Licenses Postage Professional Fees Property Taxes Rent Repairs Telephone Travel Utilities Vehicle Expenses Wages Total Expenses Net Operating Income Other Income: Gain (Loss) on Sale of Assets Interest Income Total Other Income Net Income (Loss)

Explanation / Answer

Kindly let me know what type of assistance is required

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