ess at a point in time-more specifically, the end of the period covered in the income statement. The statement of changes in funds position tells what happened- where all the money came from, and what it was spent for-during the period of time between the current and previous balance sheet. Profit and Loss Table 13-1 is an example of a profit and loss statement for our mythical profit-making enterprise. 13 TECHNOLOGY FORECASTING AND STRATEGIC PLANNING TABLE 13-1 Income statement Forecast Long-range-plan current (Millions) Revenue: Product or Service A 125.7 123.8 117.5 117.8 116.7 116.0 Product or Service B 118.0 124.7 132.8 Product or Service C 104.5 116.3 114.0 New Product X New Service Y New Product or Service Z Total Revenue 229.9 269.5 315.1 362.4 423.6 495.8 Cost of Goods or Services Sold: Product or Service A Product or Service B Product or Service C New Product X New Service Y New Product or Service Z Total Product and Services Cost 111.8 124.9 149.7 176.5 205.5 241.5 Product Design and Support: General Engineering & Development Sustaining Engineering New Product X New Service Y New Product or Service Z Unallocated Resource Total Product Design and Support Gross Margin: 119.4 139.7 160.2 192.8 226.7 Percent To Sales Interest Depreciation Other Cost/(Income) Sub-Total Pre-Tax Profit 121.6 154.9 Provision for Taxes (19.1) (29.9) (37.6) (45.1) (58.3) (74.4) Net Income: Percent To Sales PRACTICAL IP AND TELECOM FOR BROADCAST ENGINEERING AND OPERATIONS We want to focus on revenue, engineering, capital investment, and depreciation. Capital investment is missing entirely, and depreciation is only a single line. The reason and purpose of showing this state- ment this way is to foster an understanding of the vague, gray area between public and internal only reporting. This gap is vast and not well understood for the most part, except to those in top management and accounting, where most of the detail is created and kept under tight control. Broadcast and communications engineering and oper- ations professionals ne