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    Super Rome
    The document presents the income statement, cash flow statement, balance sheet, and changes in owner's equity for CaShake, a company, for the years 2018 through 2020. It shows increasing sales, net income, and cash balances over this period. Startup expenses and initial funding of $64,161.67 are also presented.

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    Year 1 Year 2 Year 3 Less

    Uploaded by

    Super Rome
    17 views6 pages
    The document presents the income statement, cash flow statement, balance sheet, and changes in owner's equity for CaShake, a company, for the years 2018 through 2020. It shows increasing sales, net income, and cash balances over this period. Startup expenses and initial funding of $64,161.67 are also presented.

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    cashake - Copy

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    The document presents the income statement, cash flow statement, balance sheet, and changes in owner's equity for CaShake, a company, for the years 2018 through 2020. It shows increasing sales, net income, and cash balances over this period. Startup expenses and initial funding of $64,161.67 are also presented.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    17 views6 pages

    Year 1 Year 2 Year 3 Less

    Uploaded by

    Super Rome
    The document presents the income statement, cash flow statement, balance sheet, and changes in owner's equity for CaShake, a company, for the years 2018 through 2020. It shows increasing sales, net income, and cash balances over this period. Startup expenses and initial funding of $64,161.67 are also presented.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 6

    CaShake

    Income Statement
    For the Year Ended December 31, 2018-2020

    Year 1 Year 2 Year 3


    Sales 1,050,000.00 1,155,000.00 1,270,500.00
    Less
    Beginning Inventory 14,700 30,870.00 48,657.00
    Purchases 161,700.00 177,870.00 195,657.00
    Goods Available for Sale 161,700.00 176,400.00 208,740.00
    Cost of Goods Sold (14%) 147,000.00 161,700.00 177,870.00
    Gross Profit 903,000.00 993,300.00 1,092,630.00

    Operating Expense
    Salaries 296,400.00 296,400.00 296,400.00
    Utilities 12,000.00 12,000.00 12,000.00
    Supplies 14,400.00 14,400.00 14,400.00
    Promotion and Advertising 12,000.00 12,000.00 12,000.00
    Legal Expense 6,500.00 6,500.00 6,500.00
    Rent Expense 132,000.00 132,000.00 132,000.00
    Depreciation 8,240.00 8,240.00 8,240.00
    Total Operating Expense 481,540.00 481,540.00 481,540.00

    Net Income 421,460.00 511,760.00 611,090.00


    Income Tax (10%) 42,146.00 51,176.00 61,109.00
    Net Income after Tax 379,314.00 460,584.00 549,981.00
    Start up

    Expenses

    Salaries 24,700.00
    Utilities 1,000.00

    Supplies 1,200.00
    Promotion and Advertising 1,000.00
    Legal Expense 541.67
    Rent Expense 11,000.00
    Total start up expenses 39,441.67

    Start up Asset

    Machinery and Equipment 6,720.00


    Fixture 18,000.00
    Total start up Asset 24,720.00

    Total Funding Required 64,161.67


    CaShake
    Cash Flow
    For the Year Ended December 31,2018-2020
    Year 1 Year 2 Year 3
    Cash Flow from Operating Activities
    Cash Sales 1,050,000.00 1,155,000.00 1,270,500.00
    Purchases - 161,700.00 - 177,870.00 - 195,657.00
    Salaries - 296,400.00 - 296,400.00 - 296,400.00
    Utilities - 12,000.00 - 12,000.00 - 12,000.00
    Rent Expense - 132,000.00 - 132,000.00 - 132,000.00
    Supplies - 14,400.00 - 14,400.00 - 14,400.00
    Promotion and Advertising - 12,000.00 - 12,000.00 - 12,000.00
    Legal Expense - 6,500.00 - 6,500.00 - 6,500.00

    Tax Expense - 42,146.00 - 51,176.00 - 61,109.00


    Net Cash from Operating Activities 372,854.00 452,654.00 540,434.00

    Cash Flow from Investing Activities


    Machinery and Equipment - 6,720.00
    Fixture - 18,000.00
    Net Cash from Investing Activities - 24,720.00

    Cash Flow from Financing Activities

    Net Cash Flow 348,134.00 452,654.00 540,434.00


    Beginning Cash Balance 64,161.67 412,295.67 864,949.67
    Ending Cash Balance 412,295.67 864,949.67 1,405,383.67
    CaShake
    Balance Sheet
    As of December 31, 2018-2020

    Year 1 Year 2 Year 3


    ASSET
    Current Asset
    Cash 412,295.67 864,949.67 1,405,383.67
    Inventory 14,700.00 30,870.00 48,657.00
    Total Current Asset 426,995.67 895,819.67 1,454,040.67

    Non-Current Asset
    Machinery and Equipment 6,720.00 6,720.00 6,720.00
    Less: Depreciation - 2,240.00 - 4,480.00 - 6,720.00
    Fixture 18,000.00 18,000.00 18,000.00
    Less: Depreciation - 6,000.00 - 12,000.00 - 18,000.00
    Total Non-Current Asset 16,480.00 8,240.00 -
    Total Asset 443,475.67 904,059.67 1,454,040.67

    CAPITAL 443,475.67 904,059.67 1,454,040.67


    Fry away sweetie churros
    Changes in owner's equity
    Year 1 Year 2 Year 3
    Beginning Capital 64,161.67 443,475.67 904,059.67
    Add: Net Income 379,314.00 460,584.00 549,981.00
    Total 443,475.67 904,059.67 1,454,040.67
    Ending Capital 443,475.67
    Total Fixed Cost 481,540.00
    SP 105.00
    Variable cost/unit 14.70

    Total fixed cost 481,540.00


    Selling price 35.00
    Variable cost/unit 4.90

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