 In this presentation, we will take a look at an income statement for a manufacturing company. We're going to first take a look at the standard structure for an income statement so that we can then compare and contrast it to a CVP or a contribution margin income statement. So this is going to be the standard type of income statement that we will compare and contrast to. We're going to generate this from a trial balance. The only reason we're going to have the trial balance here is to see that we have something that is in balance that will then make into the income statement. Just to give us some awareness or remember the fact that the income statement is going to be part of the financial statements, which of course will include the balance sheet and the income statement. When we consider the full double entry accounting system, we're thinking of these items being linked together. So a very simplified trial balance, all we have is cash on the balance sheet and accounts payable, assets, liabilities then, and then we got the retained earnings. And then we have where we are focusing in on here. This is all balance sheet stuff. The income statement.