Frienggie Fries Company

Income Statement for the 1st quarter of Jan Feb Mar Total
(year)

REVENUE

Products

Malunggay Fries 90,000 99,000 108,900 297,900

Kalabasa Fries 135,000 148,500 163,350 446,850

Sweet Potato Fries 135,000 148,500 163,350 446,850

Total Products 360,000 396,000 435,600 1,191,600

TOTAL REVENUE 360,000 396,000 435,600 1,191,600

EXPENSES

Salaries and Wages 30,000 30,000 30,000 90,000

Materials Expenses 10,000 11,000 12,100 33,100

Supplies Expenses 5,000 5,500 6,050 16,550

Marketing Expenses 5,000 5,500 6,050 16,550

Transportation Expenses 3,000 3,300 3,630 9,930

Communication Expenses 2,000 2,000 2,000 6,000

Utilities 3,000 3,000 3,000 9,000

Registration, Taxes, and License 1,000 1,000 1,000 3,000

Representation Expenses 2,000 2,000 2,000 6,000

TOTAL EXPENSES 61,000 63,300 65,830 190,130

NET INCOME 299,000 332,700 369,770 1,001,470