AARON-SUMANDE CONCRETE PRODUCTS & CONSTRUCTION SUPPLY

Brgy. Madong Janiuay, Iloilo

INCOME STATEMENT
Started April,2018

INCOME
SALES
Less: Cost of Sale 755,160.00
Mdse. Inventory Beg. 229,416.00
Purchase 219,314.00
448,757.00
Less: Mdse. Inventiry End 212,418.00 236,339.00
GROSS PROFIT 518,821.00
Less:Expenses
Salaries Wages 150,000.00
Taxes & Licenses 11,559.90
Supplies 5,186.00
Light,Water,ect. 20,140.00
Crude,Oil,ect. 15,225.00
Depreciation 32,000.00
Maintenance & Repair 10,447.00
Total Expenses 254,052.00
NET INCOME 264,729.00
BALANCE SHEET
As of December 13,2018

ASSETS
Cash 65,550.00
Mdse. Inventory 131,499.00
Delivery Truck(2nd Hand) 250,000.00
Hallow Blocks Equipment 60,000.00
310,000.00
Less:Depn 164,500.00 285,500.00
TOTAL ASSETS 537,118.00

LIABILITIES
Accounts Payable-Trade 52,580.00
CAPITAL
Evelyn Sumande Cap. Beg 375,809.00
Net Income 264,729.00
640,538.00
Less:Drawings 120,000.00 520,538.00
TOTAL LIABILITIES & CAPITAL 537,118.00
Certified Correct
EVELYN A. SUMANDE
ION SUPPLY