XYZ Income Statement for Period Ending xx,xx,xxxx
Sales	$100,000
Less:
Sales Discounts	1,000
Sales Return & Allowances	1,000
Net Sales	98,000
Cost Of Goods Sold
Beginning Inventory	25,000
Purchases	90,000
Inventory Available For Sale	115,000
Less:Ending Inventory	30,000
Cost Of Goods Sold	85,000
Gross Profit	13,000
Operating Expenses
Salaries	10,000
Supplies	3,000
Utilities	5,000
Advertising	2,000
Maintenance & Repairs	2,000
Total Operating Expenses	22,000
Net Loss	$ -9,000
XYZ Capital Statement
Beginning Owner's Capital	$147,000
Less: Loss	9,000
Less: Owner's Draws	20,000
Ending Owner's Capital	$118,000