                        [INCOME STATEMENT]



Date Compiled___/___/___Compiled by:__________________
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                                             Present Year  Prior Year
Revenues:
     Net sales (operating revenues,less
          discounts)                         ____________ ____________
     Other income                            ____________ ____________
                              Total revenue:
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Cost of Sales:
     Inventory                               ____________ ____________
     Royalties                               ____________ ____________
                        Total cost of sales:
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                      Gross margin on sales:
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Operating Expenses:
     Selling expense (adv., payroll, etc.)   ____________ ____________
     General administration                  ____________ ____________
                   Total operating expenses:
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                           Operating income:
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Other Expenses:
     Interest expense                        ____________ ____________
                    Net income before taxes:
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                               Income taxes:
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                                 Net profit:
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