State College Cupcakes

Given the following background information, build the State College Cupcake Company's income statement for one month.

Background Information

COGS $|$ Cost of Goods Sold $|$

Ingredients

Vanilla Buttercream Cupcake $|$$$0\mathrm{.}75$ each

White Chocolate Raspberry Cheesecake Cupcake $|$$$1\mathrm{.}15$ each

Red Velvet Cupcake $|$ $$0\mathrm{.}85$ each

Packaging $|$ $$0\mathrm{.}09$ per item

Monthly Sales Volume

Vanilla Buttercream Cupcakes $|1,850$

White Chocolate Raspberry Cheesecake Cupcakes $|1,100$

Red Velvet Cupcakes $|2,500$

Price Charged

Vanilla Buttercream Cupcake $|$$$3\mathrm{.}50$ each

White Chocolate Raspberry Cheesecake Cupcake $|$ $$4\mathrm{.}25$ each

Red Velvet Cupcake $|$ $$3\mathrm{.}75$ each

Operating Expenses

Advertising $|$ $$275$ total per month on a social media $($FaceBook$,$ Google Ads, and Instagram$)$ to advertise your product

Salary $|$ You get paid $$1,420$ per month $(25$ per hour$)$

Transportation $/$ Your delivery costs are $$45$ total per day $($on average $22$ days per month$)$ to GrubHub, DoorDash, and UberEats

Insurance $|$ Monthly insurance $-$ liability and auto $$125$

Other Expenses

Interest $|$ You took out a loan for your oven with fixed interest of $$\frac{100}{?}$ month

Taxes $|$ Operating income is taxed at $10\%.$