Scribd Logo
Upload

Welcome to Scribd!

  • 45 views

    JEAA Instamart Income Statement

    Uploaded by

    JEAA Instamart
    The income statement shows the company's revenues, costs, and expenses for 2021-2023. In 2021, the company had a net loss of $54,750 due to net sales of -$4,000 and total operating expenses of $30,750. In 2022 and 2023, the company projects net sales of $74,000 and total operating expenses remaining at $30,750, leading to a projected net profit of $23,250.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    JEAA Instamart Income Statement

    Uploaded by

    JEAA Instamart
    45 views1 page
    The income statement shows the company's revenues, costs, and expenses for 2021-2023. In 2021, the company had a net loss of $54,750 due to net sales of -$4,000 and total operating expenses of $30,750. In 2022 and 2023, the company projects net sales of $74,000 and total operating expenses remaining at $30,750, leading to a projected net profit of $23,250.

    Original Title

    Untitled

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The income statement shows the company's revenues, costs, and expenses for 2021-2023. In 2021, the company had a net loss of $54,750 due to net sales of -$4,000 and total operating expenses of $30,750. In 2022 and 2023, the company projects net sales of $74,000 and total operating expenses remaining at $30,750, leading to a projected net profit of $23,250.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    45 views1 page

    JEAA Instamart Income Statement

    Uploaded by

    JEAA Instamart
    The income statement shows the company's revenues, costs, and expenses for 2021-2023. In 2021, the company had a net loss of $54,750 due to net sales of -$4,000 and total operating expenses of $30,750. In 2022 and 2023, the company projects net sales of $74,000 and total operating expenses remaining at $30,750, leading to a projected net profit of $23,250.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 1

    JEAA Instamart Income Statement

    Date Created: Date Issued:


    5 April, 2023

    Income Statement
    Revenue 2021 2022 2023
    Sales $78,000.00 $78,000.00
    Less: Sales Return $3,000.00 $3,000.00 $3,000.00
    Less: Discounts and Allowances $1,000.00 $1,000.00 $1,000.00
    Net Sales -$4,000.00 $74,000.00 $74,000.00
    Cost of Goods Sold
    Materials $8,000.00 $8,000.00 $8,000.00
    Labor $9,000.00 $9,000.00 $9,000.00
    Overhead $2,000.00 $2,000.00 $2,000.00
    Total Cost of Goods Sold $19,000.00 $19,000.00 $19,000.00
    Gross Profit -$23,000.00 $55,000.00 $55,000.00
    Operating Expenses
    Wages $10,000.00 $10,000.00 $10,000.00
    Advertising $500.00 $500.00 $500.00
    Repairs & Maintenance $100.00 $100.00 $100.00
    Travel $50.00 $50.00 $50.00
    Rent/Lease $5,000.00 $5,000.00 $5,000.00
    Delivery/Freight Expense $1,000.00 $1,000.00 $1,000.00
    Utilities/Telephone Expenses $1,000.00 $1,000.00 $1,000.00
    Insurance $500.00 $500.00 $500.00
    Mileage $1,500.00 $1,500.00 $1,500.00
    Office Supplies $1,000.00 $1,000.00 $1,000.00
    Depreciation $8,000.00 $8,000.00 $8,000.00
    Interest $2,000.00 $2,000.00 $2,000.00
    Other Expenses $100.00 $100.00 $100.00
    Total Operating Expenses $30,750.00 $30,750.00 $30,750.00
    Operating Profit (Loss) -$53,750.00 $24,250.00 $24,250.00
    Add: Other Income
    Interest Income $2,000.00 $2,000.00 $2,000.00
    Other Income $1,000.00 $1,000.00 $1,000.00
    Profit (Loss) Before Taxes -$50,750.00 $27,250.00 $27,250.00
    Less: Tax Expense $4,000.00 $4,000.00 $4,000.00

    Net Profit (Loss) -$54,750.00 $23,250.00 $23,250.00

    You might also like