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Is it possible to make a pro forma balance sheet from this income sheet? Pro Forma Income Statement Health Track Deliveries January to December 2020
Is it possible to make a pro forma balance sheet from this income sheet?
Pro Forma Income Statement Health Track Deliveries January to December 2020 Financial Statements in U.S. Dollars Revenue Gross Sales Less: Sales Returns and Allowances Net Sales $ S 529,300.00 10.585.00 S 518,714.00 Cost of Goods Sold Beginning inventory Add: Purchases Freight-in Dired Labor Inventory Available Less Ending Inventory Cost of Goods Sold $ S S $ S 2,000.00 64,000.00 45.000.00 73,000.00 184,000.00 s 184.000.00 Gross Profit (Loss) $ 334 714 00 Expenses Advertising Bank Charges Depreciation Insurance Licenses and Fees Offce Expense Payroll Taxes Rent Repairs and Maintenance Supplies Telephone Utilities Vchide Expenses Wages Total Expenses S $ 5 $ $ $ $ s S $ s 260,000.00 800.00 2.800.00 10.000.00 300.00 214,000.00 38.000.00 70,000.00 154,810.00 155,196.00 1,440.00 5.176.00 57,500.00 416,000.00 S $ S 1.386 022.00 Net Operating Income (1.051,308.00) Other Income Gain (Loss) on Sale of Assets Interest Income Total Other Income S S 80.000.00 1.530.00 $ 81.530.00 Net Income (Loss) $ (969778.00)Step by Step Solution
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