Please find below the statement structure, Gross sales xxx Less Sales returns (xxx) Sales discount (xxx) (xxx) Net sales xxx Less Cost of Goods sold ( CGS ) Opening Inventory xxx Add Net purchases Gross purchases xxx Add frieght/transportation in xxx Total delivered goods. Xxx Less purchases return (xxx) purcahses discount (xxx) (xxx) Net Purcahses xxx Cost of goods available for sales xxx less ending Inventory (xxx) Cost of goods sold (xxx) Gross profit/Loss xxx/(xxx) Less Operating expenses Depriciation expense xxx Supplies expense etc. xxx Total Operating expenses (xxx) unrealized Net profit/loss xxx/(xxx) Add other income xxx Net Profit/loss xxx/(xxx)
