Sta Fe, Nueva Vizcaya

INCOME STATEMENT
For the year ended December 31,2019

Sales ₱ 142,816.00
Less Cost of Sale 101,271.00
Gross Income ₱ 41,545.00
Add: Other Income 52,425.00
Total Gross Income ₱ 93,970.00
Less: Operating Expenses
Communication, Lights & water ₱ 10,000.00
Rental 60,000.00
Taxes & Licenses 7,500.00
Supplies 4,000.00
Miscellaneous 2,000.00
NET INCOME
BALANCE SHEET
As of December 31,2018

ASSETS
CURRENT ASSETS
Cash on Hand and Bank ₱ 14,700.00
FIXED ASSETS
Store Furniture & Fixture (net)
Other Assets ₱ 20,000.00
TOTAL ASSETS ₱ 124,700.00

LIABILITIES & NETWORTH

LIABILITIES
None ₱ 0.00
NETWORTH
Capital Beginning ₱ 135,700.00
Add: Net Income 59,00.00
TOTAL ₱ 194,700.00
Less: Drawings 70,00.00
TOTAL LIABILITIES & NETWORTH ₱ 124,700.00

Certified Correct:

Taxpayer
 Sta Fe, Nueva Vizcaya

INCOME STATEMENT
For the year ended December 31,2019

Gross Income ₱ 36,270.00

Add: Other Income 106,230.00
TOTAL GROSS INCOME ₱ 142,500.00
Less: Operating Expenses
Communication, Lights & water ₱ 10,000.00
Rental 60,000.00
Taxes & Licenses 7,500.00
Supplies 4,000.00
Miscellaneous 2,000.00
NET INCOME
BALANCE SHEET
As of December 31,2018

ASSETS
CURRENT ASSETS
Cash on Hand and Bank ₱ 14,700.00
FIXED ASSETS
Furniture & Fixture 65,000.00
Appliances 25,000.00 ₱ 90,000.00
Other Assets ₱ 20,000.00
TOTAL ASSETS ₱ 124,700.00

LIABILITIES & NETWORTH

LIABILITIES
None ₱ 0.00
NETWORTH
Capital Beginning ₱ 135,700.00
Add: Net Income 59,00.00
TOTAL ₱ 194,700.00
Less: Drawings 70,00.00
Capital Ending ₱ 160,500.00
TOTAL LIABILITIES & NETWORTH ₱ 124,700.00

Certified Correct:

Taxpayer
 Sta Fe, Nueva Vizcaya

INCOME STATEMENT
For the year ended December 31,2018

Sales ₱ 142,816.00
Less Cost of Sale 101,271.00
Gross Income ₱ 41,545.00
Add: Other Income 52,425.00
Total Gross Income ₱ 93,970.00
Less: Operating Expenses
Communication, Lights & water ₱ 10,000.00
Rental 60,000.00
Taxes & Licenses 7,500.00
Supplies 4,000.00
Miscellaneous 2,000.00
NET INCOME
BALANCE SHEET
As of December 31,2018

ASSETS
CURRENT ASSETS
Cash on Hand and Bank ₱ 14,700.00
FIXED ASSETS
Store Furniture & Fixture (net)
Other Assets ₱ 20,000.00
TOTAL ASSETS ₱ 124,700.00

LIABILITIES & NETWORTH

LIABILITIES
None ₱ 0.00
NETWORTH
Capital Beginning ₱ 135,700.00
Add: Net Income 59,00.00
TOTAL ₱ 194,700.00
Less: Drawings 70,00.00
TOTAL LIABILITIES & NETWORTH ₱ 124,700.00

Certified Correct:

Taxpayer
 MELCHOR TAHIYO
Kasibu, Nueva Vizcaya

INCOME STATEMENT
For the year ended December 31,2019

Gross Reciepts ₱ 85,260.00

Less: Operating Expenses
Communication, Lights & water ₱ 7,200.00
Fuel and Oil 23,900.00
Repair & Maintenance 10,100.00
Miscellaneous 3,000.00
Taxes and Licenses 4,000.00 48,200.00
NET INCOME ₱ 37,060.00

BALANCE SHEET
As of December 31,2019

ASSETS
CURRENT ASSETS
Cash on Hand and Bank ₱ 47,560.00
FIXED ASSETS
Furniture & Fixture ₱ 270,000.00
Other Assets 50,000.00
TOTAL ASSETS ₱ 367,560.00

LIABILITIES & NETWORTH

LIABILITIES
None ₱ 0.00
NETWORTH
Capital, Beginning ₱ 370,500.00
Add: Net Income 37,060.00
TOTAL ₱ 407,560.00
Less: Drawings 40,00.00
Capital Ending ₱ 367,560.00
TOTAL LIABILITIES & NETWORTH ₱ 367,560.00

Certified Correct:

MELCHOR TAHIYO
Taxpayer
 ARCELIE MAGAMANO
Kasibu, Nueva Vizcaya

INCOME STATEMENT
For the year ended December 31,2019

Gross Reciepts ₱ 100,650.00

Less: Operating Expenses
Communication, Lights & water ₱ 10,200.00
Fuel and Oil 25,100.00
Repair & Maintenance 9,500.00
Miscellaneous 4,000.00
Taxes and Licenses 3,000.00 51,800.00
NET INCOME ₱ 48,850.00

BALANCE SHEET
As of December 31,2019

ASSETS
CURRENT ASSETS
Cash on Hand and Bank ₱ 47,350.00
FIXED ASSETS
1 unit PUJ (net) ₱ 250,000.00
Other Assets 70,000.00
TOTAL ASSETS ₱ 367,350.00

LIABILITIES & NETWORTH

LIABILITIES
None ₱ 0.00
NETWORTH
Capital, Beginning ₱ 368,500.00
Add: Net Income 48,850.00
TOTAL ₱ 417,350.00
Less: Drawings 50,00.00
Capital Ending ₱ 367,350.00
TOTAL LIABILITIES & NETWORTH ₱ 367,350.00

Certified Correct:

ARCELIE MAGAMANO
Taxpayer
 ARNEL C. CABANIZAS
Kasibu, Nueva Vizcaya

INCOME STATEMENT
For the year ended December 31,2019

Gross Reciepts ₱ 119,750.00

Add: Other income 80,000.00
TOTAL Gross Income ₱ 199,750.00
Less: Operating Expenses
Communication, Lights & water ₱ 10,200.00
Fuel and Oil 40,900.00
Repair & Maintenance 10,600.00
Miscellaneous 3,000.00
Taxes and Licenses 4,000.00 68,700.00
NET INCOME ₱ 131,050.00

BALANCE SHEET
As of December 31,2019

ASSETS
CURRENT ASSETS
Cash on Hand and Bank ₱ 22,600.00
FIXED ASSETS
1 unit Passenger Van (net) ₱ 1,300,000.00
Other Assets 0.00
TOTAL ASSETS ₱ 1,322,600.00

LIABILITIES & NETWORTH

LIABILITIES
Account Payable ₱ 724,050.00
NETWORTH
Capital, Beginning ₱ 547,500.00
Add: Net Income 131,050.00
TOTAL ₱ 678,550.00
Less: Drawings 80,00.00
Capital Ending ₱ 598,550.00
TOTAL LIABILITIES & NETWORTH ₱ 1,322,600.00

Certified Correct:

ARNEL C. CABANIZAS
Taxpayer
 MARCOS O. CABANIZAS
Kasibu, Nueva Vizcaya

INCOME STATEMENT
For the year ended December 31,2019

Gross Reciepts ₱ 105,600.00

Add: Other income 80,200.00
TOTAL Gross Income ₱ 185,800.00
Less: Operating Expenses
Communication, Lights & water ₱ 10,600.00
Fuel and Oil 32,900.00
Repair & Maintenance 10,000.00
Miscellaneous 3,000.00
Taxes and Licenses 4,000.00 60,500.00
NET INCOME ₱ 125,300.00

BALANCE SHEET
As of December 31,2019

ASSETS
CURRENT ASSETS
Cash on Hand and Bank ₱ 5,300.00
FIXED ASSETS
1 unit Passenger Van (net) ₱ 1,080,000.00
Other Assets 0.00
TOTAL ASSETS ₱ 1,085,300.00

LIABILITIES & NETWORTH

LIABILITIES
Account Payable ₱ 456,000.00
NETWORTH
Capital, Beginning ₱ 574,000.00
Add: Net Income 125,300.00
TOTAL ₱ 699,300.00
Less: Drawings 70,00.00
Capital Ending ₱ 629,300.00
TOTAL LIABILITIES & NETWORTH ₱ 1,080,300.00

Certified Correct:

MARCOS O. CABANIZAS
Taxpayer
 MARIO CABANIZAS
Kasibu, Nueva Vizcaya

INCOME STATEMENT
For the year ended December 31,2019

Gross Reciepts ₱ 116,900.00

Add: Other income 100,200.00
TOTAL Gross Income ₱ 217,900.00
Less: Operating Expenses
Communication, Lights & water ₱ 10,900.00
Fuel and Oil 43,300.00
Repair & Maintenance 10,000.00
Miscellaneous 3,000.00
Taxes and Licenses 4,000.00 71,200.00
NET INCOME ₱ 145,900.00

BALANCE SHEET
As of December 31,2019

ASSETS
CURRENT ASSETS
Cash on Hand and Bank ₱ 13,080.00
FIXED ASSETS
1 unit Passenger Van (net) ₱ 950,000.00
Other Assets 50,000.00
TOTAL ASSETS ₱ 1,013,080.00

LIABILITIES & NETWORTH

LIABILITIES
Account Payable ₱ 576,000.00
NETWORTH
Capital, Beginning ₱ 331,180.00
Add: Net Income 145,900.00
TOTAL ₱ 477,080.00
Less: Drawings 40,000.00
Capital Ending ₱ 437,080.00
TOTAL LIABILITIES & NETWORTH ₱ 1,013,080.00

Certified Correct:

MARIO CABANIZAS
Taxpayer
 RESTY J. PACIO
Kasibu, Nueva Vizcaya

INCOME STATEMENT
For the year ended December 31,2019

Gross Reciepts ₱ 125,200.00

Add: Other income 90,000.00
TOTAL Gross Income ₱ 215,200.00
Less: Operating Expenses
Communication, Lights & water ₱ 12,600.00
Fuel and Oil 50,100.00
Repair & Maintenance 10,500.00
Miscellaneous 3,000.00
Taxes and Licenses 4,000.00 80,200.00
NET INCOME ₱ 135,000.00

BALANCE SHEET
As of December 31,2019

ASSETS
CURRENT ASSETS
Cash on Hand and Bank ₱ 13,700.00
FIXED ASSETS
1 unit Passenger Van (net) ₱ 1,300,000.00
Other Assets 0.00
TOTAL ASSETS ₱ 1,313,700.00

LIABILITIES & NETWORTH

LIABILITIES
Account Payable ₱ 506,000.00
NETWORTH
Capital, Beginning ₱ 722,700.00
Add: Net Income 135,000.00
TOTAL ₱ 857,700.00
Less: Drawings 50,000.00
Capital Ending ₱ 807,700.00
TOTAL LIABILITIES & NETWORTH ₱ 1,313,700.00

Certified Correct:

RESTY J. PACIO
Taxpayer
 SAMUEL AQUINGAN
Kasibu, Nueva Vizcaya

INCOME STATEMENT
For the year ended December 31,2019

Gross Reciepts ₱ 115,500.00

Add: Other income 90,000.00
TOTAL Gross Income ₱ 205,000.00
Less: Operating Expenses
Communication, Lights & water ₱ 10,900.00
Fuel and Oil 46,200.00
Repair & Maintenance 10,000.00
Miscellaneous 3,000.00
Taxes and Licenses 4,000.00 74,100.00
NET INCOME ₱ 131,400.00

BALANCE SHEET
As of December 31,2019

ASSETS
CURRENT ASSETS
Cash on Hand and Bank ₱ 11,400.00
FIXED ASSETS
1 unit Passenger Van (net) ₱ 1,090,000.00
Other Assets 50,000.00
TOTAL ASSETS ₱ 1,140,000.00

LIABILITIES & NETWORTH

LIABILITIES
Account Payable ₱ 466,000.00
NETWORTH
Capital, Beginning ₱ 644,000.00
Add: Net Income 131,400.00
TOTAL ₱ 775,400.00
Less: Drawings 90,000.00
Capital Ending ₱ 685,400.00
TOTAL LIABILITIES & NETWORTH ₱ 1,151,400.00

Certified Correct:

SAMUEL AQUIANGAN
Taxpayer
 JOEY P. EMILIO
Kasibu, Nueva Vizcaya

INCOME STATEMENT
For the year ended December 31,2019

Gross Reciepts ₱ 89,900.00

Add: Other income 50,000.00
TOTAL Gross Income ₱ 139,900.00
Less: Operating Expenses
Communication, Lights & water ₱ 8,600.00
Fuel and Oil 25,000.00
Repair & Maintenance 10,000.00
Miscellaneous 3,000.00
Taxes and Licenses 4,000.00 50,600.00
NET INCOME ₱ 89,300.00

BALANCE SHEET
As of December 31,2019

ASSETS
CURRENT ASSETS
Cash on Hand and Bank ₱ 48,680.00
FIXED ASSETS
1 unit PUJ (net) ₱ 135,000.00
Other Assets 80,000.00
TOTAL ASSETS ₱ 263,680.00

LIABILITIES & NETWORTH

LIABILITIES
Account Payable ₱ 0.00
NETWORTH
Capital, Beginning ₱ 234,380.00
Add: Net Income 89,300.00
TOTAL ₱ 232,680.00
Less: Drawings 60,000.00
Capital Ending ₱ 263,680.00
TOTAL LIABILITIES & NETWORTH ₱ 263,680.00

Certified Correct:

JOEY P. EMILIO
Taxpayer
 ERLINDA E. DACANAY
Bayombong, Nueva Vizcaya

INCOME STATEMENT
For the year ended December 31,2019

Gross Reciepts ₱ 1,093,826.00

Add: Other income 757,006.00
TOTAL Gross Income ₱ 336,820.00
Less: Operating Expenses
Communication, Lights & water ₱ 17,150.00
Fuel and Oil 26,200.00
Repair & Maintenance 15,950.00
Miscellaneous 5,000.00
Taxes and Licenses 12,000.00 76,300.00
NET INCOME ₱ 260,520.00

BALANCE SHEET
As of December 31,2019

ASSETS
CURRENT ASSETS
Cash on Hand and Bank ₱ 0.00
FIXED ASSETS
12 units Tricycle (net) ₱ 110,000.00
1 unit Delivery Truck (net) 90,000.00
Machine Equipment (net) 35,000.00 235,000.00
Other Assets 200,000.00
TOTAL ASSETS ₱ 538,223.00

LIABILITIES & NETWORTH

LIABILITIES
Account Payable ₱ 0.00
NETWORTH
Capital, Beginning ₱ 367,703.00
Add: Net Income 260,520.00
TOTAL ₱ 628,223.00
Less: Drawings 90,000.00
Capital Ending ₱ 538,223.00
TOTAL LIABILITIES & NETWORTH ₱ 538,223.00

Certified Correct:
ERLINDA E. DACANAY
Taxpayer