Amazing Restoration Company 2019 Full year 2020 YTD (8 months) Income Duct Work 150,000 78,000 Month Month Month 387,000 Month Month 10th 1 1 th 12 th Month Month Total Year % of Mold Work Month Total Month % of Month Month 201,240 Month Goss Sales or Receipts Revenue Year 2 Revenue Water Jobs 75,000 39,000 Less: Cost of Goods Sold - Labor Total Income 612,000 318,240 Less: Cost of Goods Sold - Materials Cost of Goods Sold Less Expenses Direct Cost- Labor 2,55 55.592 Accounting & Legal Direct Cost - Subcontractor's 194,243 37.547 Advertising Direct Cost - Supplies & Materials 29,476 19,379 Bad Debts Total Cost of Goods S old 426.277 112,517 Insurance Gross Profit 85,723 205,723 Rent Expense Repairs & Maintenance Advertising & Pram ofional 5,88 7,199 Salaries & Wages (to others) Am or fization 1,100 Royalties Auto & truck expenses 680 Supplies Fuel 9,078 6,018 Taxes & Licenses Repair & Maintenance 4,155 5,119 Other Expenses Total Auto & truck expenses 13,913 11,136 Total Expenses Bank Charges 241 1,145 Net Pooth Computer Software 1,801 S 1.730 Continuing Education 581 303 Disposal Fees 32 $ 200 Dues & Subscriptions 17 $ 262 Insurance 6,381 4,309 Insurance - Liability 2.853 3,810 Insurance-Auto & W/C 1,628 1,628 Interest Expense 4,079 7,915 Lab Foo 4,224 3,490 Legal & Professional Fees 8,191 5,152 Meals 298 1,128 Merchant Account Fees QuickBooks Payments Fees 4,472 3,192 Total Mer chant Account Fees 4,472 3,784 Miscellaneous 326 Office Supplies 1,605 1,381 Payroll Expenses Office Taxes $ 6,375 3,953 Office Payroll 85,000 52,700 Total Payroll Expenses 91,375 56.653 Payr all Processing Fee 522 Purchases 1.204 Rent Expense 745 2,871 Royalty Payment 3,094 29,278 Small Equipment Pur chase 974 Taxes & Licenses 635 1,110 Technology Fee 609 1,638 Telephone 1,987 2,021 Travel 4,829 Uncategorized Expense Total Expenses 63,584 147,560 Net Operating Income 22,13 58,162