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Current Revenue and Profit Monthly Revenue for the Year 2020 40,000.00 35,000.00 30,000.00 25,000.00 20,000.00 15,000.00 10,000.00 5,000.00 Revenue January February March April May June July August September October November December Business' revenue every month fluctuates. It is depending on peak seasons which usually lands during January and December. The business' revenue during the months of April, May, June, and September were zero because the business operations was temporarily stopped due to the pandemic. However, the business thrived through and continues the operation up until this moment.Monthly Profit for the Year 2020 25,000.00 20,000.00 15,000.00 10,000.00 5,000.00 Profit January February March April May June July August September October November DecemberSince business operations halted during the lockdown and quarantine season, the prot of the business was also affected. From the start of the year where COVE-19 has not yet affected significant amount of Filipinos, the prot was great but slowly decreased as the pandemic started to bacotnc global especially for the months mentioned above. After adapting to the new.r normal, bUsiness prots are slowly getting better. ECO MART AND GENERAL, MERCHANDISE Income Statement For the year ended December 31, 2020 (wit comparative figures for 2018 and 2019) 2020 2019 2018 Sales 28,002,921.00 23,535,775.00 18,603,980.00 Less: Cost of Sales 27 148, 752.87 22,687,127.45 18,089.450.00 Gross Income 854,168.13 848,647.55 514,530.00 Less: Expenses 483,579.00 537.077.35 244,353.00 Taxable Income 370,589.13 311,570.20 270,177.00 Less: Provision for income tax 24,118.00 12,314.04 4.033.00 Net Income 346,471.13 299 256.16 266,142.00ASSETS 2020 2019 2018 Current Assets Cash on hand and in Bank 796,238.00 299.556.00 121,017.00 Accounts Receivable 71,668,00 33,282.00 Merchandise Inventory 1, 176 81600 1,007,769.00 816,406.00 Total Current Assets 2,923,054.00 1,378,993.00 970,705.00 Non-current Assets Property and Equipment 300,000.00 600,000.00 600,000.00 Fixed Asset Residential house and Lot 600 000.00 600 000.00 600.000.00 TOTAL ASSETS 2,823,054.00 2.578.933.00 2.170,705.00 LIABILITIES AND CAPITAL Current Liabilities Income Tax Payable 4,384.00 11,093.00 2,061.00 - Accounts Payable-Trade 904,299.00 500.000.00 400,000.00 Total Current Liabilities 908.683.00 511.093.00 402 061.00 Net worth Beginning Capital 2,067,900.00 1,768.644.00 1,502,502.00 Add: Net Income-Retained Earnings 346,471.00 299,256.00 266.142.00 Total 2,414,371 00 2,067,900.00 1,768,644.00 Less: Drawing 500.000.00 Total 1,914.371.00 2,067,900.00 1,768.644.00 TOTAL LIABILITIES & CAPITAL 2.823,054.00 2.578,933.00 2.170,705.00