MUSH N' MORE

Income Statement
For the Month Ended November 30, 2022
(In Philippine Pesos)

Note
Sales (1) 57,190.00
Cost of Sales (2) 30,636.97
Gross income 26,553.03
Expenses
Store supplies (3) (4,348.93)
Utilities (600.00)
Rent (1,600.00) (6,548.93)
Loss on sale of tent (749.00)
Net income 19,255.10
 MUSH N' MORE
Statement of Cash Flows
For the Month Ended November 30, 2022
(In Philippine Pesos)

Cash flows from operating activities:

Cash received from customers P 57,190.00
Purchases (30,636.97)
Rent paid (1,600.00)
Utilities paid (600.00)
Store supplies paid (4,348.93)
Net cash provided by operating activities P 20,004.10

Cash flows from investing activities:

Purchase of tent (1,749.00)
Sale of tent 1,000.00
Net cash used in investing activities (749.00)

Cash flows from financing activities:

Cash received from partners 9,704.00
Net cash provided by financing activities 9,704.00
Cash - November 30, 2022 P 28,959.10
 MUSH N' MORE COMPANY
Statement of Liquidation
For the Month Ended November 30, 2022
(In Philippine Pesos)

Tugao Entero Bateriza Batulan Ebarola Abarro Atrido Medel Total

Profit and loss 13% 13% 13% 13% 13% 13% 13% 13% 100%
ratio
Equity,
1,213.00 1,213.00 1,213.00 1,213.00 1,213.00 1,213.00 1,213.00 1,213.00 9,704.00
beginning
Add: Income
19,255.10 19,255.10 19,255.10 19,255.10 19,255.10 19,255.10 19,255.10 19,255.10 154,040.80
for the month
Equity, end 20,468.10 20,468.10 20,468.10 20,468.10 20,468.10 20,468.10 20,468.10 20,468.10 163,744.80
 MUSH N' MORE
Statement of Financial Position
As of November 30, 2022
(In Philippine Pesos)
 ASSETS LIABILITIES AND EQUITY
Cash P 28,959.10 Abarro, capital P 3,619.89
Atrido, capital 3,619.89
Bateriza, capital 3,619.89
Batulan, capital 3,619.89
Ebarola, capital 3,619.89
Entero, capital 3,619.89
Medel, capital 3,619.89
Tugao, capital 3,619.89
Total Assets P 28,959.10 Total Liabilities and Equity P 28,959.10

Note 1 - Sales
Mushroom Chips 19,015.00
Tapioca 18,650.00
Malagkit Roll 1,740.00
Camote Roll 2,770.00
Shake 15,015.00
Total sales 57,190.00

Note 2 -
Purchases 29,676.97
Freight-in 960
Cost of Sales 30,636.97

Purchases 29,676.97