Income Statement Report The standard Income Statement includes the following rows: Ordinary Income/Expense (header row) Income (financial section) Cost of Sales (financial section) Gross Profit (formula row) Expense (financial section) Net Ordinary Income (summary row) Other Income and Expenses (header row) Other Income (financial section) Other Expenses (financial section) Net Other Income (summary row) Net… Continue reading PART 4.1 – The outline layout of Financial Statement Reports