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Statement Templates Free Sample Example Format Premium Template Word Monthly Income Past

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The first section of an income statement lists your gross profit. It is good to record this income on an itemized statement so you can calculate the profit margin on a normal basis. Include the gross sales price of all merchandise sold to customers, including the cost of all supplies used in the process of production and any other direct costs involved in the production process. Include the selling price of goods sold, less any direct costs, such as transportation, that you or your business incur in moving your inventory to customers.

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