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Create a profit-and-loss statement. A profit-and-loss statement shows income or revenue. It also lists expenses during a period of time. The main purpose of this document is to find the net income. If the net income is a positive number, the company shows a gain. If the net income is a negative number the company is showing a loss. To find the net income simply add revenues and subtract expenses. Create a profit-and-loss statement with the following information. Calculate totals and net income. Make appropriate formatting changes. Save and print.

Profit-and-Loss Statement for Flowers Galore
September 1, 2008
Revenues
Gross income from sales 67,433
Expenses
Mortgage
Materials
Advertising
Insurance
Utilities
Employees
Bookkeeping
Total expenses 8,790
2,456
6,300
750
491
22,000
3,350
Net Income