Nomar Parra Company
Income Statement
For the Year Ended December 31, 2014
Revenues:
Net sales $1,197,132
Interest income $5,720
Total revenues $1,202,852
Costs and expenses:
Cost of goods sold $777,080
Selling expenses $203,740
General and administrative expenses $100,688
Interest expense $13,560
Total costs and expenses $1,095,068
Net income $107,784