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Can someone help me out with this problem? A. Create appropriate notes as year-to-year documentation for managing depreciation, supplies, and inventory. Peyton Approved Second Location
Can someone help me out with this problem?
A. Create appropriate notes as year-to-year documentation for managing depreciation, supplies, and inventory.
Peyton Approved Second Location Pro Forma Income Statement For Year Ending 12/31/2018 Bakery Sales $ 261,858.00 Merchandise Sales 965.00 Total Revenues 262,823.00 Cost of Goods Sold - Baked 84,667.00 Cost of Goods Sold - Merchandise 688.00 Total Cost of Goods Sold 85,355.00 Gross Profit 177,468.00 Operating Expenses: Rent Expense 18,000.00 Wages Expense 75,000.00 Misc. Supplies Expense 2,400.00 Business License Expense 1,637.00 Misc. Expense 1,231.00 Depreciation Expense 2,143.00 Insurance Expense 1,269.00 Advertising Expense 1,240.00 Interest Expense 354.00 Telephone Expense 491.00 Total Operating Expenses: 103,765. Net Income 73,703 |
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