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XY Company
Income Statement
For the Period Ended Dec, 31, 2007
Sales Rs.XXX
Less: Sales Return & Allowances XXX
Sales Discount XXX (XXX)
Net Sales XXXX
Less: Cost of Goods Sold
Merchandise Inventory (Beg) XXX
Add: Purchases XXX
Add: Transportation-in XXX XXX
Less: Purchases Return & Allowances XXX
Purchases Discount XXX (XXX)
Net Purchases XXX
Goods available for Sale XXX
Less: Merchandise Inventory (End) (XXX)
Cost of Goods Sold (XXX)
Gross Profit XXXX
Less: Operating Expenses
_________________ Expense XXX
_________________ Expense XXX
Total Operating Expense (XXX)
Operating Income XXX
Less: Financial Cost (Interest Expense) (XXX)
Income Before Taxes XXX
Less: Income Tax (XXX)
Income available for Preferred Stock Holder XXX
Less: Preferred Stock Dividned (XXX)
Income available for Common Stock Holders' Rs.XXXX
XY Company
Statement of Retained Earning
For the Period Ended Dec, 31, 2007
Retained Earning at Start Rs.XXX
Add: Net Income XXX
Sub Total XXX
Less: Dividend
(Preferred) XXX
(Common) XXX
Reserve for __________ XXX (XXX)
Retained Earning at End XXX
XY Company
Balance Sheet
As on Dec, 31, 2007
Equities Assets
Stock Holders' Equity Non Current Assets
% Prefrred stocks, Rs. _Par Value Plant and Machinery Rs.XXX
______authorized, ______ issued Rs.XXX Less:Accum Dep (XXX) XXX