TOTAL
     Gadgets and Widgets INC
*        Income Statement with Percentages
Percent
	Revenues
250000
  Cost of Goods Sold
120000
48.0%
TOTAL
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Gross Profit
130000
52.0%
TOTAL
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  Rent
PO	=E
TOTAL
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  Depreciation
12000
TOTAL
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  Utilities
TOTAL
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  General Expenses
10000
TOTAL
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  Advertising
TOTAL
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  Total Costs
46000
18.4%
TOTAL
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Operating Profit
84000
33.6%
TOTAL
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  Interest Expense
15000
TOTAL
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Taxable Profit
69000
27.6%
TOTAL
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  Income Tax
14000
TOTAL
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After Tax Profit
55000
22.0%
TOTAL
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  Dividends
TOTAL
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Retained Earnings
55000
TOTAL
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