Identifying Earnings on the Income Statement

Consider a company that reports its financial performance over a fiscal year. The income statement serves as a key financial document that reflects the company's revenues and expenses, culminating in the net income for the period. To understand a company's profitability, it is essential to know which components are included in the income statement.

Your task is to identify what primarily represents a company's earnings for a given period on the income statement. The earnings are derived from the core business activities, taking into account the revenues generated and expenses incurred.