Balance Sheet

31-Dec-20
Non-current asset
Land $8,000
Building 10000
Less: Accumulated Depreciation -500
Machinery 10,000
Less: Accumulated Depreciation -500
Vehicle 1000
Total Non-Current asset $28,000

Current Asset
Cash $40,000
Bottles 2000
Account Receivables 9490
Total Current Asset 51,490
Total Assets 79,490

Equity and Liabilities

Capital $25,000
Retained Earnings 39,460
Total Equity 64,460

Current Liabilities
Account Payables 15,030
Total Equity and Liabilities 79,490
 Statement of Cashflow
Water Buddy
Year end December 31, 2020
Income from Operating Activities:

Net Income before Income Tax 33,880

Depreciation 100
Net Cash from Operating Activities 33,780
Cash from Investing Activities
Zero Amount -
Cash from Financing Activities
Loan issued 3,000

Net increase/ decrease in the cash 33,780

Cash at the beginning of period -
Cash at the end of period 33,780
 Income Statement
December 31, 2020
Accounts Per Unit Number of Units (per year)
Revenue 5.00 72,000.00
7.00 2,000.00
less: Cost of goods sold 2.00 72,000.00
Purified Mineral Water Bottle 3.00 2,000.00
Gross Margin

Less: Expenses
Salaries expense 8,400.00
Delivery Charges 1,080.00
utilities Expense 1,200.00
Repair and maintenance 400.00
Depreciation Expense: Machinery 500.00
Depreciation Expense: Building 50,000.00
Total Expenses
Net Income
Dollars
360,000.00 Working Capital Ratio. 3.43
14,000.00 Quick Ratio. 5.16
144,000.00
6,000.00
236,000.00 Debt-Equity Ratio. 0.23
Return on Equity (ROE) 2.71

61,580.00
174,420.00