Description
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P. Bride Company
Income Statement
For the Year Ended December 31, 2025
(In thousands of U.S. dollars)
Sales revenue
$965,000
Cost of goods sold
$600,700
Gross profit (loss)
$364,300
Operating expenses:
Selling expenses
Sales commissions
$79,800
Depreciation of sales equipment
$64,800
Delivery expense
$26,900
Total selling expenses
$171,500
Administrative expenses
Officers’ salaries
$49,000
Depr of office furn. and equip.
$39,600
Total administrative expenses
Total selling and admin. expenses
Income from operations
$88,600
$260,100
$104,200
Other Income
Other revenues and gains:
Rent revenue
$17,230
Other expenses and losses:
Interest expense
Income before income tax
Income Tax
Net income
$18,600
$102,830.00
$22,622.60
$80,207.40
Income Statement for a Merchandising
Company
LO 5
Retained Earnings Statement for a
Merchandising Company
LO 5
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