TRUNK TRIPPLES

STATEMENT OF FINANCIL POSITION

FOR THE YEAR ENDED DECEMBER 31, 2024

ASSETS AMOUNT (PHP

Current Assets
- Cash 50,000
- Inventory 200,000
- Accounts Receivable 100,000
-Prepaid Expense 10,000
Non- Current Assets
- Equipment 150,000
- Less: Accumulated Depreciation 50,000
Net Equipment 100,00
Total Assets 460,000
LIABILITIES
Current Liabilities
- Accounts Payable 150,000
- Accrued expenses 50,000
Non-Current Liabilities
- Long-Term Liabilities 200,000

EQUITY
Owner's Equity
- Owner's Equity 210,000

Total Liabilities & Equity 460,000

 TRUNK TRIPPLES
STATEMENT OF CASH FLOW
FOR THE YEAR ENDED DECEMBER 31,2024

CASH FLOW FROM OPERATING ACTIVITIES Amount (PHP)

Net Income 194,000
Add: Depreciation 5,000
Changes in working capital
- Increase in Accounts Receivable 50,000
- Increase in Inventory 60,000
- Decrease in Prepaid Expense (10,000)
Increase in Accounts Payable 50,000
Increase in Accrued Expenses 50,000
NET CASH FLOW FROM OPERATING ACTIVITIES 389,000

CASH FLOW FROM INVESTING ACTIVITIES

Purchase of Equipment (150,000)
NET CASH FLOW FROM INVESTING ACTIVITIES (150,000)

CASH FLOW FROM FINANCING ACTIVITIES

Long-Term Liabilities (200,000)
NET CASH FLOW FROM FINANCING ACTIVITIES (200,000)

CASH AND CASH EQUIVALENT END 89,000

 TRUNK TRIPPLES
PROJECTED INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2024
Revenues Amount (PHP)
Sales of Banana Trunk Chips 756,000

Cost of Goods Sold

Cost of Banana Trunk Chips Production 450,000

Gross Profit 306,000

Operating Expenses
Rent 30,000
Utilities 20,000
Salaries 30,000
Depreciation 5,000
Other Expenses 7,000
Total Operating Expenses 92,000

Net Income Before Taxes 214,000

Income Tax Expense 20,000

Net Income 194,000