{"id":23,"date":"2023-11-14T02:06:32","date_gmt":"2023-11-14T02:06:32","guid":{"rendered":"http:\/\/latenightrecords.marielaxmartinez.lmu.build\/blog\/?page_id=23"},"modified":"2023-11-14T23:43:43","modified_gmt":"2023-11-14T23:43:43","slug":"income-statements","status":"publish","type":"page","link":"https:\/\/latenightrecords.marielaxmartinez.lmu.build\/blog\/income-statements\/","title":{"rendered":"Income Statements"},"content":{"rendered":"\n
Income Statement For Fiscal Year Ended December 31<\/strong><\/td><\/td><\/td><\/tr>
<\/td>2020<\/td>2019<\/td>2018<\/td><\/tr>
Sales<\/strong><\/td>$110,000,000.00<\/td> $ 100,000,000.00<\/td> $ 80,000,000.00<\/td><\/tr>
Less Cost of Goods Sold<\/td>$50,000,000.00<\/td> $   40,000,000.00<\/td> $ 30,000,000.00<\/td><\/tr>
Gross Profits<\/strong><\/td>$10,000,000.00<\/td> $     8,000,000.00<\/td> $   6,000,000.00<\/td><\/tr>
Less Operating Expenses<\/td>$4,000,000.00<\/td> $     3,000,000.00<\/td> $   2,000,000.00<\/td><\/tr>
Operating Profits<\/strong><\/td>$4,000,000.00<\/td> $     3,000,000.00<\/td> $   3,000,000.00<\/td><\/tr>
Less Net Interest<\/td>$60,000.00<\/td> $          50,000.00<\/td> $        40,000.00<\/td><\/tr>
Profit Before Taxes<\/strong><\/td>$69,940,000.00<\/td>$67,950,000.00<\/td>$56,960,000.00<\/td><\/tr>
Less Taxes (at 40% Rate)<\/td>$27,976,000.00<\/td>$27,180,000.00<\/td>$22,784,000.00<\/td><\/tr>
Profit After Taxes<\/strong><\/td>$41,964,000.00<\/td>$40,770,000.00<\/td>$34,176,000.00<\/td><\/tr>
Less Common Stock Dividends<\/td>$600,000.00<\/td> $     5,000,000.00<\/td> $   4,000,000.00<\/td><\/tr>
Retained Earnings<\/strong><\/td>$41,364,000.00<\/td>$35,770,000.00<\/td>$30,176,000.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Income Statement For Fiscal Year Ended December 31 2020 2019 2018 Sales $110,000,000.00  $ 100,000,000.00  $ 80,000,000.00 Less Cost of Goods Sold $50,000,000.00  $   40,000,000.00  $ 30,000,000.00 Gross Profits $10,000,000.00  $     8,000,000.00  $   6,000,000.00 Less Operating Expenses $4,000,000.00  $     3,000,000.00  $   2,000,000.00 Operating Profits $4,000,000.00  $     3,000,000.00  $   3,000,000.00 Less Net Interest $60,000.00  $          50,000.00 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-23","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/latenightrecords.marielaxmartinez.lmu.build\/blog\/wp-json\/wp\/v2\/pages\/23","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/latenightrecords.marielaxmartinez.lmu.build\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/latenightrecords.marielaxmartinez.lmu.build\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/latenightrecords.marielaxmartinez.lmu.build\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/latenightrecords.marielaxmartinez.lmu.build\/blog\/wp-json\/wp\/v2\/comments?post=23"}],"version-history":[{"count":9,"href":"https:\/\/latenightrecords.marielaxmartinez.lmu.build\/blog\/wp-json\/wp\/v2\/pages\/23\/revisions"}],"predecessor-version":[{"id":103,"href":"https:\/\/latenightrecords.marielaxmartinez.lmu.build\/blog\/wp-json\/wp\/v2\/pages\/23\/revisions\/103"}],"wp:attachment":[{"href":"https:\/\/latenightrecords.marielaxmartinez.lmu.build\/blog\/wp-json\/wp\/v2\/media?parent=23"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}