{"id":59,"date":"2023-11-20T19:38:20","date_gmt":"2023-11-20T19:38:20","guid":{"rendered":"http:\/\/bus2710.mgolban.lmu.build\/blog\/?page_id=59"},"modified":"2023-11-20T19:38:20","modified_gmt":"2023-11-20T19:38:20","slug":"income-statement","status":"publish","type":"page","link":"https:\/\/bus2710.mgolban.lmu.build\/blog\/income-statement\/","title":{"rendered":"Income Statement"},"content":{"rendered":"\n<p class=\"has-text-align-center wp-block-paragraph\">Maya&#8217;s Place Income Statement<br>For the Fiscal Years Ended December 31<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th> <\/th><th>2018<\/th><th>2019<\/th><th>2020<\/th><\/tr><\/thead><tbody><tr><td>Sales<\/td><td>$100,000.00<\/td><td>$120,000.00<\/td><td>$150,000.00<\/td><\/tr><tr><td>Less Cost of Goods Sold<\/td><td>$30,000.00<\/td><td>$35,000.00<\/td><td>$40,000.00<\/td><\/tr><tr><td>Gross Profits<\/td><td>$70,000.00<\/td><td>$85,000.00<\/td><td>$110,000.00<\/td><\/tr><tr><td>Less Operating Expenses<\/td><td>$20,000.00<\/td><td>$25,000.00<\/td><td>$30,000.00<\/td><\/tr><tr><td>Operating Profits<\/td><td>$50,000.00<\/td><td>$60,000.00<\/td><td>$80,000.00<\/td><\/tr><tr><td>Less Net Interest<\/td><td>$2,000.00<\/td><td>$2,500.00<\/td><td>$3,000.00<\/td><\/tr><tr><td>Profit Before Taxes<\/td><td>$48,000.00<\/td><td>$57,500.00<\/td><td>$77,000.00<\/td><\/tr><tr><td>Less Taxes (at 30% Rate)<\/td><td>$14,400.00<\/td><td>$17,250.00<\/td><td>$23,100.00<\/td><\/tr><tr><td>Profit After Taxes<\/td><td>$33,600.00<\/td><td>$40,250.00<\/td><td>$53,900.00<\/td><\/tr><tr><td>Less Common Stock Dividends<\/td><td>$5,000.00<\/td><td>$6,000.00<\/td><td>$7,500.00<\/td><\/tr><tr><td>Retained Earnings<\/td><td>$28,600.00<\/td><td>$34,250.00<\/td><td>$46,400.00<\/td><\/tr><tr><td>Change in Retained Earnings<\/td><td>&#8211;<\/td><td>$5,650.00<\/td><td>$12,150.00<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Maya&#8217;s Place Income StatementFor the Fiscal Years Ended December 31 2018 2019 2020 Sales $100,000.00 $120,000.00 $150,000.00 Less Cost of Goods Sold $30,000.00 $35,000.00 $40,000.00 Gross Profits $70,000.00 $85,000.00 $110,000.00 Less Operating Expenses $20,000.00 $25,000.00 $30,000.00 Operating Profits $50,000.00 $60,000.00 $80,000.00 Less Net Interest $2,000.00 $2,500.00 $3,000.00 Profit Before Taxes $48,000.00 $57,500.00 $77,000.00 Less Taxes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-59","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/bus2710.mgolban.lmu.build\/blog\/wp-json\/wp\/v2\/pages\/59","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bus2710.mgolban.lmu.build\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bus2710.mgolban.lmu.build\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bus2710.mgolban.lmu.build\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bus2710.mgolban.lmu.build\/blog\/wp-json\/wp\/v2\/comments?post=59"}],"version-history":[{"count":1,"href":"https:\/\/bus2710.mgolban.lmu.build\/blog\/wp-json\/wp\/v2\/pages\/59\/revisions"}],"predecessor-version":[{"id":60,"href":"https:\/\/bus2710.mgolban.lmu.build\/blog\/wp-json\/wp\/v2\/pages\/59\/revisions\/60"}],"wp:attachment":[{"href":"https:\/\/bus2710.mgolban.lmu.build\/blog\/wp-json\/wp\/v2\/media?parent=59"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}