Marichar Gutierrez Alatraca

Brgy Balayang Victoria Tarlac

AMARDEX DRUGSTORE
STATEMENT OF INCOME & EXPENSES
For the year ended December 31, 2019

Sales 3,009,022.83
Less: Cost of Sales
Inventory Beginning 1,104,606.66
Add: Purchases 1,656,910.00
Total 2,761,516.66
Less: Inventory End 1,708,358.67
Cost of Sales 1,053,157.99
Gross Income 1,955,864.84

Less: Operating Expenses

Communication, Light and Water 39,523.83
Fuel & Oil 82,653.28
Depreciation Expenses 10,801.71
Miscellaneous Expenses 16,535.62
Repairs & Maintenance 23,077.86
Taxes & Licenses 128,272.52
Total Operating Expenses 300,864.84

Net Income Before Tax 1,655,000.00

Less: Provision for Income Tax 386,500.00

NET INCOME FOR THE YEAR 1,268,500.00

Marichar Gutierrez Alatraca
Brgy Balayang Victoria Tarlac

AMARDEX DRUGSTORE
STATEMENT OF INCOME & EXPENSES
For the year ended December 31, 2019

ASSETS
Current Assets:
Cash & Cash Equivalents 190,800.00
Accounts Receivable 184,560.00
Merchandise Inventory 346,500.00
Total Current Assets 721,860.00

Fixed Assets:

Service Vehicles 1,120,000.00

Residential House & Lot 1,500,000.00
Furniture & Fixtures 180,500.00
Store Improvements 250,000.00
Total 3,050,500.00
Less: Accumulated Depreciation 915,150.00
Total Fixed Assets 2,135,350.00

Other Assets 200,000.00

Total Assets 3,057,210.00

LIABILITIES & NETWORTH

LIABILITIES
Accounts Payable 525,617.40
Accrued Expenses 350,411.60
Total Liabilities 876,029.00

Networth
Capital Beginning 912,681.00
Add: Net Income 1,268,500.00
Total Networth 2,181,181.00
Total Liabilities & Networth 3,057,210.00

Marichar Gutierrez Alatraca

Brgy Balayang Victoria Tarlac

AMARDEX DRUGSTORE
STATEMENT OF INCOME & EXPENSES
For the year ended December 31, 2019

Net Income 1,268,500.00

Depreciation Expense 457,575.00
Payment to Suppliers (4,485,599.70)
Collection of Receivables 1,450,000.00
Net flow From Operations 190,800.00