12 Month Income Statement Forecast
	Month 1	Month 2	Month 3	Month 4	Month 5	Month 6	Month 7	Month 8	Month 9	Month 10	Month 11	Month 12
REVENUE
Gross Sales
Less Returns & Allowances
NET SALES
LESS: COST OF GOODS SALES
Beginning Inventory
Total Goods Available
Less: Ending Inventory
TOTAL COST OF GOODS SOLD
GROSS PROFIT
Less: Expenses
Advertising
Automobile
Depreciation
Dues, Licenses
Insurance
Interest
Legal and Professional Fees
Office Supplies
Payroll Expenses
Rent, Repair and Maintenance
Salaries
Utilities and Phone
Wages-Employees
Other Expenses:
TOTAL EXPENSES
EARNINGS BEFORE INTEREST AND TAXES
Less: Taxes and Interest
NET INCOME
Add: Retained Earnings, Beg. Of Month
RETAINED EARNINGS, END OF MONTH