Mug studios Gift shop income statement

Mech sale 12,700

Revenue Tickets to the exposition 1,600
Total revenue 14,300
Procurement Costs 3,400
Wages 1,700
Interest Paid 430
Expenses Transportation 200
Utilities 80
Rent 2,290
Total expenses 8,100
Gains Income from sale of custom fender guitar 2,600
Losses Returns from fragile mugs 500
NET INCOME 8,300

Mug studios Gift shop Balance Sheet

may,26,2022
Assets
Current assets
Cash and Cash equivalents 3,567
Notes and account recivable 18,798
Inventories
Products and merchandise 23,607
Supplies 2,796
OTHER CURRENT ASSETS 3,568
TOTAL CURRENT ASSETS 52,336
Investsments, advanced and long term recivables 32,796
Propety and equiement 45,067
Other assets including intangibles 4,958
TOTAL ASSETS 135,157

Liabilities
Current liabilities
Notes and loans payables 30,456
Acount payable and accures liabilies 12,694
Income taxes payable 2,566
Total Current Liabilites 45,716
Long term debt 15,784
Postreretirement benefits reserves 19,736
Deferrend income tax liabilites 11,896
Long term obligations to equity companies 6,495
Other long term obligations 6,893
TOTAL LIABILITES 60,804

Equity
Common stock without par value 12,678
Earning reinvested 11,567
Accumulated other comprehensive income 9,917
Common sotck held in treasury 34,794
Noncontrolling interest 5,397

TOTAL EQUITY 74,353

TOTAL LIABILITIES AND EQUITY 135,157