| Coffee Bar | | Income Statement |
| Address: 123 Street Avenue, Cityville, State, 12333 |
| Date Created: | Date Issued: |
| Jan, 2018 | Jan, 2020 |
| Income Statement |
| Revenue | | | Year 1 |
| Sales | | | $230,000.00 |
| Less: Sales Return | | | $0.00 |
| Less: Discounts and Allowances | | | $11,500.00 |
| Net Sales | | | $218,500.00 | | $0.00 |
| Cost of Goods Sold |
| Materials | | | $80,000.00 |
| Wages | | | $35,000.00 |
| Overhead | | | $15,600.00 |
| Total Cost of Goods Sold | | | $130,600.00 |
| Gross Profit | | | $87,900.00 | | $0.00 |
| Operating Expenses |
| Payroll Costs | | | $1,000.00 |
| Advertising | | | $1,200.00 |
| Repairs & Maintenance | | | $1,000.00 |
| Travel | | | $400.00 |
| Delivery/Freight Expense | | | $1,000.00 |
| Utilities/Telephone Expenses | | | $2,000.00 |
| Insurance | | | $2,400.00 |
| Equipment | | | $12,000.00 |
| Office Supplies | | | $1,000.00 |
| Depreciation | | | $0.00 |
| Interest | | | $0.00 |
| Other Expenses | | | $0.00 |
| Total Operating Expenses | | | $22,000.00 | | $0.00 |
| Operating Profit (Loss) | | | $65,900.00 | | $0.00 |
| Add: Other Income |
| Interest Income | | | $0.00 |
| Other Income | | | $0.00 |
| Profit (Loss) Before Taxes | | | $65,900.00 |
| Less: Tax Expense | | | $23,000.00 |
| Net Profit (Loss) | | | $42,900.00 |
kmesser16
Income-Statement2018.xlsx
