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  1. Copilot Answer
    Vertex42
    https://www.vertex42.com › ExcelTemplates › income-statement.html

    Income Statement Template for Excel - Vertex42

    • The income that is generated by providing a service, selling a product, earning interest on investments, renting extra office space, licensing technologies, selling advertising space, or licensing the use of your br… See more

    Cost of Goods Sold

    For a retail company, one of the main expenses is the cost of goods sold. So, you'll see Cost of Goods Sold broken out into its own section, with Gross Profit calculated … See more

    Vertex42
    Operating Expenses

    This section is where you include all your operating expenses such as advertising, salaries, rent, … See more

    Vertex42
    Operating Income

    In the multi-step income statement, the operating income is calculated as the Gross Profit minus the total Operating Expenses. In general, interest expense and income tax expense ar… See more

    Vertex42

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