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Can a balance sheet be made from this income statement? Pro Forma Income Statement Health Track Deliveries January to December 2021 $ $ 1.638,988.00 32,780.00
Can a balance sheet be made from this income statement?
Pro Forma Income Statement Health Track Deliveries January to December 2021 $ $ 1.638,988.00 32,780.00 S 1.606,208.00 Financial Statements in US Dollar Revenue Gross Sales Less: Sales Returns and Allowances Net Sales Cost of Goods Sold Beginning Inventory Add: Purchases Freight in Dired Labor Inventory Available Less: Ending Inventory Cost of Goods Sold $ 5 s $ $ 2,000.00 64,000.00 45,000.00 73,000.00 184,000.00 s 184,000.00 Gross Profit (Loss) $ 1,422,208.00 Expenses Advertising Bank Charges Depreciation Insurance Licenses and Fees Office Expense Payroll Taxes Rent Repairs and Maintenance Supplies Telephone Uti ties Vehide Expenses Wages Total Expenses 5 s S 5 S $ S 5 S $ S S S $ 267.490.00 800.00 2.800.00 10,000.00 300.00 214,000.00 48,000.00 450,000.00 136,800.00 150 300.00 1.500,00 3.707.00 57 500.00 449,000.00 S 1,792,197.00 Net Operating Income $ (369.989.00) Other Income Gain (Loss) on Sale of Assets Interest Income Total Other Income s S 130,000.00 2,800.00 S 132,600.00 Net Income (L08) S 237.389.00)
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