Cost Classification and Incremental Analysis (questions 3 and 6)

Info for year 20XX

Income Statement

Gross sales $33,291.00

Coupons and Discounts $549.00

Cost of Goods $10,276.00

Labor $0.00

Advertising fees $2,000.00

bank fees $120.00

phone/internet $1,200.00

shipping $1,380.00

utilities $900.00

office supplies $785.00

income tax rate 26%

Cash Flow Statement

Cash in bank $21,120.00

Depreciation $800.00

Proceeds from disposal of investment $3,000.00

Capital expenditure $1,600.00

Repayment of bank loan -$5,000.00

Interest Expense w/ bank loan -$345.00

Balance Sheet

Cash in bank $21,120.00

Accounts Receivable $496.00

Accounts Payable $200.00

Inventory $10,507.00

Accumulated Depreciation -$1,000.00

Common stock $0.00