{"id":38,"date":"2025-07-26T22:56:03","date_gmt":"2025-07-26T22:56:03","guid":{"rendered":"https:\/\/site.lmcconnell.lmu.build\/Site\/?page_id=38"},"modified":"2025-07-31T14:56:39","modified_gmt":"2025-07-31T14:56:39","slug":"income-statements","status":"publish","type":"page","link":"https:\/\/site.lmcconnell.lmu.build\/Site\/income-statements\/","title":{"rendered":"INCOME STATEMENTS"},"content":{"rendered":"\n

Income Statement for Fiscal Year Ended December 31st<\/span><\/strong><\/p>\n\n\n\n

Income Statement<\/th>2018<\/th>2019<\/th>2020<\/th><\/tr><\/thead>
Sales<\/td>$22,000,000<\/td>$24,000,000<\/td>$25,000,000<\/td><\/tr>
Less Cost of Goods Sold<\/td>$9,000,000<\/td>$9,800,000<\/td>$10,000,000<\/td><\/tr>
Gross Profits<\/td>$13,000,000<\/td>$14,200,000<\/td>$15,000,000<\/td><\/tr>
Less Operating Expenses<\/td>$6,000,000<\/td>$6,800,000<\/td>$7,000,000<\/td><\/tr>
Operating Profits<\/td>$7,000,000<\/td>$7,400,000<\/td>$8,000,000<\/td><\/tr>
Less Net Interest<\/td>$100,000<\/td>$75,000<\/td>$50,000<\/td><\/tr>
Profit Before Taxes<\/td>$6,900,000<\/td>$7,325,000<\/td>$7,950,000<\/td><\/tr>
Less Taxes (30%)<\/td>$2,070,000<\/td>$2,197,500<\/td>$2,385,000<\/td><\/tr>
Profit After Taxes<\/td>$4,830,000<\/td>$5,127,500<\/td>$5,565,000<\/td><\/tr>
Less Dividends<\/td>$1,000,000<\/td>$1,100,000<\/td>$1,000,000<\/td><\/tr>
Retained Earnings<\/td>$3,830,000<\/td>$4,027,500<\/td>$4,565,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n
Income Statement – Website Project<\/a>Download<\/a><\/div>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Income Statement for Fiscal Year Ended December 31st Income Statement 2018 2019 2020 Sales $22,000,000 $24,000,000 $25,000,000 Less Cost of Goods Sold $9,000,000 $9,800,000 $10,000,000 Gross Profits $13,000,000 $14,200,000 $15,000,000 Less Operating Expenses $6,000,000 $6,800,000 $7,000,000 Operating Profits $7,000,000 $7,400,000 $8,000,000 Less Net Interest $100,000 $75,000 $50,000 Profit Before Taxes $6,900,000 $7,325,000 $7,950,000 Less Taxes … <\/p>\n

Read more “INCOME STATEMENTS”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inspiro_hide_title":false,"inspiro_hide_featured_image":false,"footnotes":""},"class_list":["post-38","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/site.lmcconnell.lmu.build\/Site\/wp-json\/wp\/v2\/pages\/38","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/site.lmcconnell.lmu.build\/Site\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/site.lmcconnell.lmu.build\/Site\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/site.lmcconnell.lmu.build\/Site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/site.lmcconnell.lmu.build\/Site\/wp-json\/wp\/v2\/comments?post=38"}],"version-history":[{"count":5,"href":"https:\/\/site.lmcconnell.lmu.build\/Site\/wp-json\/wp\/v2\/pages\/38\/revisions"}],"predecessor-version":[{"id":170,"href":"https:\/\/site.lmcconnell.lmu.build\/Site\/wp-json\/wp\/v2\/pages\/38\/revisions\/170"}],"wp:attachment":[{"href":"https:\/\/site.lmcconnell.lmu.build\/Site\/wp-json\/wp\/v2\/media?parent=38"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}