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Income Statement Dec-21 Jan-22 Feb-22 Balance Sheet Dec-21 Jan-22 Feb-22 Installation Revenue 8,398.00 12,746.00 15,287.00 Cash 42,837 41,827 38,719 Fabrication Revenue 22,000.00 23,948.00 24,002.00 Accounts

Income Statement Dec-21 Jan-22 Feb-22 Balance Sheet Dec-21 Jan-22 Feb-22
Installation Revenue 8,398.00 12,746.00 15,287.00 Cash 42,837 41,827 38,719
Fabrication Revenue 22,000.00 23,948.00 24,002.00 Accounts Receivable 15,262 19,287 21,263
Total Revenue 30,398.00 36,694.00 39,289.00 Total Current Assets 58,099 61,114 59,982
Contract Labor 5,039.00 9,050.00 11,007.00 Other Assets 23,000 23,000 23,000
Materials 6,600.00 7,184.00 7,201.00
Other COS 1,100.00 1,197.00 1,200.00 Total Assets 81,099 84,114 82,982
Total COS 12,739.00 17,431.00 19,408.00
Accounts Payable 7,362 8,172 7,901
Gross Profit 17,659.00 19,263.00 19,881.00 Credit Cards 2,536 2,763 2,981
Gross Profit % 58.1% 52.5% 50.6% Line of Credit 5,000 5,000 5,000
Total Current Liabilities 14,898 15,935 15,882
Administrative Salaries 3,666.00 3,666.00 3,666.00
Professional Fees 750.00 750.00 750.00 Other Liabilities 18,000 18,000 18,000
Marketing 6,688.00 7,339.00 5,893.00
Travel 1,500.00 1,623.00 1,428.00 Total Liabilities 32,898 33,935 33,882
Rent / Utilities 2,200.00 2,205.00 2,202.00
Other SG&A 912.00 1,101.00 1,179.00 Equity 48,201 50,179 49,100
Total SG&A 15,716.00 16,684.00 15,118.00
Total Liabilities and Equity 81,099 84,114 82,982
Net Income 1,943.00 2,579.00 4,763.00
The financial statements above belong to your client, Comfy Inc., a custom furniture manufacturer. review Comfy's financial statements and draft 3-5 bullet points summarizing key takeaways would want to communicate to Comfy's management team to give them a sense of how well their business performed in February. Consider including any big wins, trends see in the numbers, suggestions to improve performance, etc.

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