| California Crunch Company |
| Statements of Income |
| For the year ended December 31, |
|
|
|
|
| 2018 |
2017 |
| Net Sales (less returns & allowances) |
|
|
|
|
| $ 8,353,542 |
$ 7,998,832 |
| 4% |
| Cost of Goods Sold |
|
|
|
|
| 3,745,623 |
3,621,532 |
| 3% |
| Gross Margin |
|
|
|
|
| 4,607,919 |
4,377,300 |
| 5% |
| Operating Expenses: |
| Advertising |
|
|
|
|
| 115,325 |
113,452 |
| 2% |
| Bad Debt Expense |
|
|
|
|
| 65,232 |
62,585 |
| 4% |
| Depreciation and Amortization |
|
|
|
|
| 75,210 |
73,565 |
| 2% |
| Dues & Subscriptions |
|
|
|
|
| 600 |
575 |
| 4% |
| Insurance |
|
|
|
|
| 60,800 |
60,600 |
| 0% |
| Licenses & Fees |
|
|
|
|
| 300 |
285 |
| 5% |
| Marketing & Promotion |
|
|
|
|
| 52,632 |
51,025 |
| 3% |
| Meals and Entertainment |
|
|
|
|
| 25,030 |
24,345 |
| 3% |
| Office Expenses |
|
|
|
|
| 14,325 |
14,652 |
| -2% |
| Office Supplies |
|
|
|
|
| 24,003 |
23,458 |
| 2% |
| Salaries & Wages |
|
|
|
|
| 2,380,105 |
2,192,032 |
| 9% |
| Professional Fees |
|
|
|
|
| 39,700 |
38,500 |
| 3% |
| Property Taxes |
|
|
|
|
| 19,220 |
19,000 |
| 1% |
| Rent |
|
|
|
|
| 85,230 |
84,360 |
| 1% |
| Repairs & Maintenance |
|
|
|
|
| 1,450 |
1,500 |
| -3% |
| Shipping Delivery |
|
|
|
|
| 770 |
730 |
| 5% |
| Travel Expenses |
|
|
|
|
| 75,830 |
73,560 |
| 3% |
| Utilities |
|
|
|
|
| 35,230 |
34,250 |
| 3% |
| Leased Equipment |
|
|
|
|
| 44,000 |
43,750 |
| 1% |
| Other |
|
|
|
|
| 15,320 |
14,756 |
| 4% |
| Total Operating Expenses |
|
|
|
|
| 3,130,312 |
2,926,980 |
| 7% |
| Operating Income |
|
|
|
|
| 1,477,607 |
1,450,320 |
| 2% |
| Interest Expense |
|
|
|
|
| 84,658 |
83,950 |
| 1% |
| Other Income (interest, royalties) |
|
|
|
|
| 5,920 |
5,725 |
| 3% |
| Income Before Taxes |
|
|
|
|
| 1,398,869 |
1,372,095 |
| 2% |
| Income Taxes |
|
|
|
|
| 489,604 |
480,233 |
| 2% |
| Net Income |
|
|
|
|
| $ 909,265 |
$ 891,862 |
| 2% |
vaalerys
WritingProject-IncomeStatements.xls
