Ice Creampany

Balance Sheet

Notes June July August September October

Assets
Current Assets
Cash 41757 43425 45569 48934 48632
Total Current Assets 41757 43425 45569 48934 48632
Non-current Assets
Furniture and Fixtures 3 2300 2300 2300 2300 2300
Less: Accumulated Depreciation 256 511 767 1022 1278
Total Non-Current Assets 2044 1789 1533 1278 1022
Total Assets 43802 45214 47103 50213 49655

Owner's Equity
Capital 48743 43802 45214 47103 50213
Add: Net Income (Loss) -4941 -3788 2289 3510 -158
Total Ower's Equity 43802 40014 47503 50613 50055
November December January February

50910 50425 51972 52380

50910 50425 51972 52380

2300 2300 2300 2300

1533 1789 2044 2300
767 511 256 0
51677 50936 52228 52380

49655 51677 50936 52228

2422 -341 1692 552
52077 51336 52628 52780
 Ice Creampany
Projected Income Statement

Notes June July August September

Net Sales 21,000 18,340 21,000 26,460
Less: Cost of Goods Sold
Direct Materilas 11,794.68 13,445.99 11,794.68 14,861.35
Direct Labor 252.01 287.29 252.01 274.53
Manufacturing Overhead 1509.04 1699.05 1509.04 1877.9
TOTAL: Variable Cost (Production Cost) 13,555.73 15,432.33 13,555.73 17,013.78
Gross Profit 7,444 2,908 7,444 9,446
Fixed Cost:
Administrative Expenses:
Rent Expense 4,200 4,200 4,200 4,200
Office Supplies Expense 2 1,628 - - -
Depreciation of Furniture and Fixtures 5 255.55 255.55 255.55 255.55
Honorarium 700 700 700 700
Total Fixed Cost 5,155.55 5,155.55 5,155.55 5,155.55
Operating Supplies 4 1,839
Permits and Licenses 1,500
Marketing Expense 1,863 1,540 - 781
Total Expense 11,985.55 6,695.55 5,155.55 5,936.55
NET INCOME (loss) -4,541 -3,788 2,289 3,510
October November December January February
14,000 22,680 15,400 19,600 22,680

7,863.15 12,738.30 8,629.47 11,008.41 12,738.30

145.25 235.32 159.79 203.35 235.32
993.6 1,609.65 1092.97 1,391.04 1,609.65
9,002.00 14,583.27 9,882.23 12,602.80 14,583.27
4,998 8,097 5,518 6,997 8,097

4,200 4,200 4,200 4,200 4,200

- - - - -
255.55 255.55 255.55 255.55 255.55
700 700 700 700 700
5,155.55 5,155.55 5,155.55 5,155.55 5,155.55

- 519 703 150 2,389

5,155.55 5,674.55 5,858.55 5,305.55 7,544.55
-158 2,422 -341 1,692 552
 Notes June July August September October
Cash Inflow:
Cash Sales 21000 23940 21000 26460 14000
Investment 1 48743 - - - -
Total Cash Infow 69743 23940 21000 26460 14000
Cash Outflow:
Office Supplies Expense 2 1628 - - - -
Rent Expense 4200 4200 4200 4200 4200
Transportation Expense 400 400 400 400 400
Furniture and Fixtures 3 2300
Operating Supplies 4 1839 - - - -
Direct Materilas 11795 13446 11795 14861 7863
Manufacturing Overhead 1509 1699 1509 1878 994
Direct Labor 252 287 252 275 145
Marketing Expense 1863 1540 - 781 -
Honorarium 700 700 700 700 700
Permits and Licenses 1500 - - - -
Total Cash Outflow 27986 22272 18856 23095 14302
Net Cash Flow 41757 1668 2144 3365 -302
Cash Balance, Beginning 0 41757 43425 45569 48934
Cash Balance, Ending 41757 43425 45569 48934 48632
November December January February

22680 15400 19600 22680 186760

- - - -
22680 15400 19600 22680

- - - -
4200 4200 4200 4200
400 400 400 400

- - - -
12738 8629 11008 12738
1610 1093 1391 1610
235 160 203 235
519 703 150 2389
700 700 700 700
- - - -
20402 15885 18053 22272
2278 -485 1547 408
48632 50910 50425 51972
50910 50425 51972 52380
SALES 100,000.00
Less: Cost of sales 30,000.00
Less: Sales Return and Allowances 10,000.00
Net Sales 60,000.00

Net Sales 60,000.00

Less: COGS 15,000.00
Manufacturing Overhead 10,000.00
Gross Profit 35,000