Income Statement for the Year Ended [Date]

Beaded Accessories Co.

Income Statement
For the Year Ended [March 27, 2025]

Revenue

Sales P100,000

Cost of Goods Sold -P40,000

Gross Profit P60,000

Operating Expenses

Marketing and Advertising P10,000

Rent P12,000

Utilities P5,000

Salaries and Wages P25,000

Other Expenses P8,000

Total Operating Expenses P60,000

| Net Income | P0 |
Balance Sheet as of [Date]
Beaded Accessories Co.
Balance Sheet
As of [March 27, 2025]

Assets Amount Liabilities and Equity Amount

Current Assets: Current Liabilities:

Cash P10,000 Accounts Payable P8,000

Accounts Receivable P5,000 Short-Term Loans P5,000

Inventory P20,000 Other Current Liabilities P2,000

Total Current Assets P35,000 Total Current Liabilities P15,000

Non-Current Assets: Non-Current Liabilities:

Property, Plant, and Equipment P30,000 Long-Term Loans P20,000

Other Non-Current Assets P5,000 Other Non-Current Liabilities P5,000

Total Non-Current Assets P35,000 Total Non-Current Liabilities P25,000

Total Assets P70,000 Total Liabilities P40,000

Equity:

Owner's Equity P30,000

Total Equity P30,000 Total Liabilities and Equity P70,000

Cash Flow Statement for the Year Ended [Date]
Beaded Accessories Co.
Statement of Cash Flows
For the Year Ended [March 27, 2025]

Cash Flows from Operating Activities:

Net Income P0

Adjustments for:

Depreciation and Amortization P10,000

Changes in Working Capital:

- Increase/(Decrease) in Accounts Receivable -P5,000

- Increase/(Decrease) in Inventory -P20,000

- Increase/(Decrease) in Accounts Payable P8,000

Net Cash Provided by Operating Activities -P7,000

Cash Flows from Investing Activities:

Purchase of Property, Plant, and Equipment -P30,000

Other Investing Activities -P5,000

Net Cash Used in Investing Activities -P35,000

Cash Flows from Financing Activities:

Issuance of Short-Term Loans P5,000

Repayment of Short-Term Loans -P5,000

Issuance of Long-Term Loans P20,000

Repayment of Long-Term Loans -P5,000

Net Cash Provided by Financing Activities P15,000

Net Increase/(Decrease) in Cash -P27,000

Cash at Beginning of Year P10,000

Cash at End of Year P13,000

Costing for Beaded Accessories Co. for the Year Ended March
27, 2025
1. Cost of Goods Sold (COGS):
● Direct materials cost (Inventory): P20,000
● Total COGS: P20,000
2. Operating Expenses:
● Marketing and Advertising: P10,000
● Rent: P12,000
● Utilities: P5,000
● Salaries and Wages: P25,000
● Other Expenses: P8,000
● Total Operating Expenses: P60,000
3. Total Cost for the Year:
● Cost of Goods Sold (COGS): P20,000
● Operating Expenses: P60,000
● Total Cost: P80,000