Plenty Package

Income Statement
For the Year Ending 04/30/2019

Sales revenues
Trade fair revenues 457,754
Contractual sales to non-VE entities 100,820
Other than trade fair revenues 10,227
Total sales revenues 568,802

Cost of goods sold or services provided 268,461

Gross profit 300,341

Operating expenses
Salaries 86,163
Rent 8,400
Depreciation 0
Matching Social Security Expense 0
Matching Medicare Expense 0
Advertising 0
Promotion 0
Insurance 27,886
Matching Pension or 401(k) Expense 0
Loan Interest 0
Supplies 0
Utilities 4,950
Other 0
Total operating expenses 127,399

Income from operations 172,942

Other revenues/gains and expenses/losses 0
Net income before taxes 172,942
Corporate income tax 100,434
Net income after taxes 72,509

Plenty Package
Cost of Goods Sold
For the Year Ending 04/30/2019
Inventory, beginning of the year 0
Add: Purchases
= Cost of goods available 0
Less: Inventory, end of year 0
= Cost of goods sold 268,461
 Income Statement
For the Year Ending 04/30/2019
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual
May June July August September October November December January February March April TOTAL
Gross revenues
Trade show revenues 0 0 0 0 0 0 0 0 124,377 0 0 333,377 457,754
Contractual sales to non-VE entities 0 0 0 0 0 0 13,801 0 0 0 87,019 0 100,820
Other than trade show revenues 0 0 0 0 0 1,461 1,461 1,461 1,461 1,461 1,461 1,461 10,227
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0
Total gross revenues 0 0 0 0 0 1,461 15,262 1,461 125,838 1,461 88,480 334,838 568,801

Cost of goods sold or services provided 0 0 0 0 0 365 3,816 365 31,459 365 22,120 83,709 142,200

Gross profit 0 0 0 0 0 1,096 11,447 1,096 94,378 1,096 66,360 251,128 426,601
Gross Profit Margin % 75%
Operating expenses 0 0
Salaries 0 0 0 0 10,770 10,770 10,770 10,770 10,770 10,770 10,770 10,770 86,163
Rent 0 0 0 0 1,050 1,050 1,050 1,050 1,050 1,050 1,050 1,050 8,400
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Matching Social Security Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
Matching Medicare Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
Advertising 0 0 0 0 0 0 0 0 0 0 0 0 0
Promotion 0 0 0 0 0 0 0 0 0 0 0 0 0
Insurance 0 0 0 0 3,486 3,486 3,486 3,486 3,486 3,486 3,486 3,486 27,886
Matching Pension or 401(k) Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
Loan Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Supplies 0 0 0 0 4,150 0 0 0 0 0 0 0 4,150
Utilities 0 0 0 0 550 550 550 550 550 550 550 550 4,400
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Total operating expenses 0 0 0 0 20,006 15,856 15,856 15,856 15,856 15,856 15,856 15,856 130,999

Income from operations 0 0 0 0 -20,006 -14,760 -4,409 -14,760 78,522 -14,760 50,504 235,272 295,602
Other revenues/gains and expenses/losses
Net income before taxes 0 0 0 0 -20,006 -14,760 -4,409 -14,760 78,522 -14,760 50,504 235,272 295,602
Corporate income tax 12,554 12,554 12,554 12,554 12,554 12,554 12,554 12,554 100,434
Net income after taxes 0 0 0 0 -32,560 -27,314 -16,964 -27,314 65,968 -27,314 37,950 222,718 195,169
 Plenty Package
Comparison of Projected Income Statement with Actual Income Statement
For the year Ending 04/30/2019

Projected Totals Actual Totals

Sales revenues
Trade fair revenues 500,000 457,752
Contractual sales to non-VE entities 100,000 100,820
Other than trade fair revenues 50,000 10,227
Total sales revenues 650,000 568,799

Cost of goods sold or services provided 300,000 268,461

Gross profit 350,000 300,338

Operating expenses
Salaries 74,900 86,163
Rent 8,400 8,400
Depreciation 0 0
Matching Social Security Expense 0 0
Matching Medicare Expense 0 0
Advertising 0 0
Promotion 0 0
Insurance 24,400 27,886
Matching Pension or 401(k) Expense 0 0
Interest 0 0
Supplies 4,150 4,150
Utilities 4,400 4,400
Other 0 0
Total operating expenses 116,250 130,999

Income from operations 233,750 169,339

Other revenues/gains and expenses/losses 0 0
Net income before taxes 233,750 169,339
Corporate income tax 100,434 100,434
Net income after taxes 133,316 68,906
ual Income Statement

% of
Increase/Decrease Increase/Decrease
from Projected from Projected

-42,248 8
820 1
-39,773 80
-81,201 12

-31,539 11

-49,662 14

11,263 15
0 0
0 0
0 0
0 0
0 0
0 0
-3,486 14
0 0
0 0
0 0
0 0
0 0
11,263 10

-60,925 26
0 0
-60,925 26
100,434 0
64,410 48
 Company Name
Income Statement Merchandising firms use
purchases from VEC Trading
For the Year Ending 04/30/20XX (the Wholesale Marketplace)
adjusted for changes in
inventory. Service firms should
Sales revenues include payments to VEC
Trading for any "brokered
Trade fair revenues services" purchased from VEC
Trading.
Contractual sales to non-VE entities
Other than trade fair revenues
Total sales revenues 0

Cost of goods sold or services provided

Important: profit margin
ratio = gross profit/total
Gross profit 0 sales revenue; used in
break even analysis.

Operating expenses
Salaries
Rent
Depreciation
Matching Social Security Expense
Matching Medicare Expense Enter expenses that
Advertising the firm has incurred
even if they have not
Promotion been paid during this
period. This is
Insurance accrual accounting.
Matching Pension or 401(k) Expense
Interest
Supplies
Utilities
Other
Total operating expenses 0

Income from operations 0

Other revenues/gains and expenses/losses
Net income before taxes 0
Corporate income tax
Net income after taxes 0

Company Name
Cost of Goods Sold
For the Year Ending DD/MM/YYYY
Inventory, beginning of the year
Add: Purchases
= Cost of goods available 0
Less: Inventory, end of year
= Cost of goods sold 0
 Company Name
Income Statement Merchandising firms use
purchases from VEC Trading
For the Year Ending 04/30/2015 (the Wholesale Marketplace)
adjusted for changes in
inventory. Service firms should
Sales revenues include payments to VEC
Trading for any "brokered
Trade fair revenues 170,000 services" purchased from VEC
Trading.
Contractual sales to non-VE entities 30,000
Other than trade fair revenues 25,000
Total sales revenues 225,000

Cost of goods sold or services provided 101,250

Important: profit margin
ratio = gross profit/total
Gross profit 123,750 sales revenue; used in
break even analysis.

Operating expenses
Salaries 40,000
Rent 7,667
Depreciation 8,169
Matching Social Security Expense
Matching Medicare Expense 3,060 Enter expenses that
Advertising 14,000 the firm has incurred
even if they have not
Promotion 750 been paid during this
period. This is
Insurance 333 accrual accounting.
Matching Pension or 401(k) Expense 1,200
Interest 2,118
Supplies 1,500
Utilities 4,600
Other 1,817
Total operating expenses 85,214

Income from operations 38,536

Other gains and losses
Net income before taxes 38,536
Corporate income tax 5,780
Net income after taxes 32,756

Company Name
Cost of Goods Sold
For the Year Ending DD/MM/YYYY
Inventory, beginning of the year
Add: Purchases
= Cost of goods available 0
Less: Inventory, end of year
= Cost of goods sold 0