Cogs=$22,036.85

*Calculate Income tax and net income after tax the tax rate is depend on the ontario tax rate or find it *its not given

2 3 4 CafeX Coffee Club Pro fort Income Statement March 2020 - March 2021 120,000 ####### 142,036.85 5 Revenue Sales revenue 7 COGS Gross Margin 9 10 Operating Expense 11 Staff Wages 12 Advertising 13 Utilities 14 Licenese fees 15 Facility rent 16 Insurance f Facilities Rent Deposit 18 Licence fee 13 Shopity 20 Insurance Liability 21 HR Recruiter 22 Contingenoy Plan 23 Payroll 24 Lawyer 25 Facility rent deposit 26 Total Expense 27 26 Net Income Before Tales 29 Less: Income Taxes 30 Net Income After Takes 01 $8.333.33 $900 $4,500 $200 $1,640 $600 $100 $200 $348 $900 $23.55/ht $3,000 $26.57/hr $3,500 $100 $24,32133 ###### $117,715.52 $ 32 Sheet1 2 3 4 CafeX Coffee Club Pro fort Income Statement March 2020 - March 2021 120,000 ####### 142,036.85 5 Revenue Sales revenue 7 COGS Gross Margin 9 10 Operating Expense 11 Staff Wages 12 Advertising 13 Utilities 14 Licenese fees 15 Facility rent 16 Insurance f Facilities Rent Deposit 18 Licence fee 13 Shopity 20 Insurance Liability 21 HR Recruiter 22 Contingenoy Plan 23 Payroll 24 Lawyer 25 Facility rent deposit 26 Total Expense 27 26 Net Income Before Tales 29 Less: Income Taxes 30 Net Income After Takes 01 $8.333.33 $900 $4,500 $200 $1,640 $600 $100 $200 $348 $900 $23.55/ht $3,000 $26.57/hr $3,500 $100 $24,32133 ###### $117,715.52 $ 32 Sheet1