Income Statement For Fiscal Year Ended December 31, 2018
Sales$1,025,000.00 
Less Cost of Goods Sold$14,000.00 
Gross Profits$3,005,000.00 
Less Operating Expenses$915,000.00 
Operating Profits$1,285,000.00 
Less Net Interest$18,000.00 
Profit Before Taxes$497,000.00 
Less Taxes (at 40% Rate)$209,000.00 
Profit After Taxes$287,000.00 
Less Common Stock Dividends$365,000.00 
Retained Earnings$384,000.00 
Income Statement For Fiscal Year Ended December 31, 2019
Sales$2,970,000,000.00 
Less Cost of Goods Sold$516,000.00 
Gross Profits$583,000,000.00 
Less Operating Expenses$915,000.00 
Operating Profits$421,000.00 
Less Net Interest$47,000.00 
Profit Before Taxes$893,000.00 
Less Taxes (at 40% Rate)$1,250,000.00 
Profit After Taxes$640,912.00 
Less Common Stock Dividends$710,077.00 
Retained Earnings$853,000.00 
Income Statement For Fiscal Year Ended December 31, 2020
Sales$720,000.00 
Less Cost of Goods Sold$952,000.00 
Gross Profits$211,338.00 
Less Operating Expenses$1,829,000.00 
Operating Profits$581,000.00 
Less Net Interest$291,000.00 
Profit Before Taxes$893,000.00 
Less Taxes (at 40% Rate)$9,002,000.00 
Profit After Taxes$962,000.00 
Less Common Stock Dividends$2,045,000.00 
Retained Earnings$740,000.00