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diff --git a/templates/Default-income_statement.html b/templates/Default-income_statement.html
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+
+<body>
+
+<h2 align=center>
+<%company%>
+<br><%address%>
+
+<p>INCOME STATEMENT
+<br><%period%>
+</h2>
+
+<%if department%>
+<h4>Department: <%department%></h4>
+<%end department%>
+
+<%if projectnumber%>
+<h4>Project Number: <%projectnumber%></h4>
+<%end projectnumber%>
+
+<table width=100% border=0>
+<tr>
+ <th width=400 align=left colspan=2>INCOME<br><hr width=300 size=5 align=left noshade></th>
+ <th><%this_period%></th>
+ <th><%last_period%></th>
+</tr>
+
+<%foreach income_account%>
+<tr>
+ <td width=4> </td>
+ <td><%income_account%></td>
+ <td align=right><%income_this_period%></td>
+ <td align=right><%income_last_period%></td>
+</tr>
+<%end income_account%>
+
+<tr>
+ <td colspan=2> </td>
+ <td><hr noshade size=1></td>
+ <td><hr noshade size=1></td>
+</tr>
+
+<tr valign=top>
+ <td> </td>
+ <th align=left>TOTAL INCOME</th>
+ <td align=right><%total_income_this_period%><hr noshade size=2></td>
+ <td align=right><%total_income_last_period%><hr noshade size=2></td>
+</tr>
+
+<tr>
+ <th align=left colspan=2>EXPENSES<br><hr width=300 size=5 align=left noshade></th>
+</tr>
+
+<%foreach expense_account%>
+<tr>
+ <td> </td>
+ <td><%expense_account%></td>
+ <td align=right><%expenses_this_period%></td>
+ <td align=right><%expenses_last_period%></td>
+</tr>
+<%end expense_account%>
+
+<tr>
+ <td colspan=2> </td>
+ <td><hr noshade size=1></td>
+ <td><hr noshade size=1></td>
+</tr>
+
+<tr valign=top>
+ <td> </td>
+ <th align=left>TOTAL EXPENSES</th>
+ <td align=right><%total_expenses_this_period%><br><hr noshade size=2</td>
+ <td align=right><%total_expenses_last_period%><br><hr noshade size=2</td>
+</tr>
+
+<tr valign=top>
+ <th align=left colspan=2>INCOME / (LOSS)</th>
+ <td align=right><%total_this_period%><br><hr noshade size=2></td>
+ <td align=right><%total_last_period%><br><hr noshade size=2></td>
+</tr>
+
+</table>
+
+</body>
+</html>
+