APPENDIX B-1                       

  PRINT LANDSCAPE FORMAT / COLOR 

 

CORPORATION

INCOME STATEMENT

DECEMBER 31, 2001

 

  

GOVERNMENT ACCOUNTING PROTOTYPE (GAP)

INCOME & EXPENSE STATEMENT

DECEMBER 31, 2001
 
EARNED ADVANCES 20,000   EARNED ADVANCES 20,000
EARNED REIMB. 14,000   EARNED REIMBURSEMENTS 14,000
TOTAL INCOME 34,000   TOTAL INCOME 34,000
 
 
EXPENSES:   EXPENSES:
SALARY EXPENSE 88,000   SALARY EXPENSE 88,000
BUILDING RENT EXPENSE 25,000   BUILDING RENT EXPENSE 25,000
UTILITY EXPENSE 3,500   UTILITY EXPENSE 3,500
BOND INTEREST EXPENSE 700   BOND INTEREST EXPENSE 700
LICENSING FEE EXPENSE 2,250   LICENSING FEE EXP. 2,250
TRAVEL EXPENSE 18,500   TRAVEL EXPENSE 18,500
ADMIN. SUPPLIES  EXPENSE 1,000   ADMIN. SUPPLIES EXPENSE 1,000
DEPRECIATION EXPENSE 1,000   DEPRECIATION EXP 1,000
BAD DEBT EXPENSE 1,000   BAD DEBT EXPENSE 1,000
TOTAL EXPENSE 140,950   TOTAL EXPENSE 140,950
 
NET INCOME - 106,950   NET INCOME - 106,950
 
EXTRAORDINARY ITEMS: + 200   EXTRAORDINARY ITEMS: + 200
 
NET INCOME - 106,750   NET INCOME - 106,750
 
             

 

RETAINED EARNINGS STATEMENT

DECEMBER 31, 2001

 

  

RETAINED INCOME & EXPENSE STMT.

DECEMBER 31, 2001
 
 

RETAINED EARNINGS Jan1, 2001

 0   RETAINED EARNINGS Jan 1, 2001 0
NET INCOME - 106,750   NET INCOME - 106,750
 
RETAINED EARNINGS - 106,750   RETAINED INCOME & EXPENSE - 106,750
 
 © Copyright 1999  Larry Fisher