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    Fluffy Bakery's income statement from 2007-2009 shows total revenue increased each year, reaching $69,244 in 2009, though net income decreased in 2009 to $2,414 as total expenses grew to $66,830, driven primarily by increases in salaries and utilities. Cookie, cake and bread sales contributed to total revenue each year while advertising, baking supplies, ingredients, salaries and utilities comprised total expenses.

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    Fluffy Bakery's income statement from 2007-2009 shows total revenue increased each year, reaching $69,244 in 2009, though net income decreased in 2009 to $2,414 as total expenses grew to $66,830, driven primarily by increases in salaries and utilities. Cookie, cake and bread sales contributed to total revenue each year while advertising, baking supplies, ingredients, salaries and utilities comprised total expenses.

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    Download as XLSX, PDF, TXT or read online from Scribd
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    16 views1 page

    Income Statement

    Uploaded by

    api-430746617
    Fluffy Bakery's income statement from 2007-2009 shows total revenue increased each year, reaching $69,244 in 2009, though net income decreased in 2009 to $2,414 as total expenses grew to $66,830, driven primarily by increases in salaries and utilities. Cookie, cake and bread sales contributed to total revenue each year while advertising, baking supplies, ingredients, salaries and utilities comprised total expenses.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 1

    Maddie Begovac

    Fluffy Bakery
    Income Statement
    for the years 2007-2009

    2007 2008 2009


    Revenue:
    cookie Sales $15,500 $16,896 $17,864
    Cake Sales $27,589 $26,298 $25,982
    Bread Sales $24,980 $25,298 $25,398
    Total Revenue: $68,069 $68,492 $69,244
    Expenses:
    Advertising $5,000 $4,500 $4,500
    Baking Supplies $2,000 $1,000 $2,750
    Ingredients $13,275 $15,298 $16,490
    Salaries $30,000 $30,000 $35,000
    Utilities $6,750 $7,250 $8,090
    Total Expenses: $57,025 $58,048 $66,830
    Net Income/(Loss): $11,044 $10,444 $2,414

    10/5/18

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