Income Statement

Year 1 Year 2 Year 3 Year 4

Sales (10%)
Less: COGS (5%) 736,529.28 773,355.74 812,023.53 852,624.71

Gross Profit -736,529.28 -773,355.74 -812,023.53 -852,624.71

Less: Pre-Operating Expense

Taxes & Licenses
Advertising Expense
Total Pre-operating expense 0 0 0 0

Less: Operating Expense

Rent Expense (2%) 2,500.00 2,550.00 2,601.00 2,653.02
Supplies (3%) 274,573.96 282,811.18 291,295.52 300,034.39
Utilities (2%) 20,000.00 20,400.00 20,808.00 21,224.16
Salaries & Wages
Transportation Expense 57,600.00 57,600.00 57,600.00 57,600.00
SSS
Phil Health
Pag-ibig
Total Operating Expense 354673.96 363361.18 372304.52 381511.57

Depreciation Expense
Total Expenses 354673.96 =E13+E24+E26 =G13+G24+G26 =I13+I24+I26

Income Before Tax

Less: Income Tax (30%)

Net Income
 Year 5

892,255.95

-892,255.95

2,706.08
309,035.42
21,648.64

57,600.00

390990.14

=K13+K24+K26
 Statement of the Financial Position
For the Year Ended

Year 1 Year 2
ASSETS
Current Asset:
Cash on Hand
Cash in Bank
Total Current Assets
Non-Current Assets:
Property, Plant & Equipment
Less: Accumulated Depreciation
Total Non-Current Assets
TOTAL ASSETS
LIABILITIES & OWNERS EQUITY
Liabilities:
Income Tax Payable
TOTAL LIABILITIES
Owner's Equity:
Capital Contribution
Add: Net Income
Total Owner's Equity

TOTAL LIABILITIES & OWNER'S

EQUITY
 cial Position
nded

Year 3 Year 4 Year 5

 Statement of Cash Flow
For the Year Ended

Year 1 Year 2 Year 3

Cash Receipt
Capital Contribution
Cash Sales
Total Cash Receipt
Cash Disbursement
Total Capital Expenditure

Total Pre-Operating
Expenses

Total Operating Expense

Cost of Goods Sold
Tax Payments
Total Cash Disbursement
NET CASH FLOW
Add: Cash Beginning
Cash Balance Ending
Cash on Hand
Cash in Bank
Year 4 Year 5