Sweet Beginnings Co.

Monthly Income Statement

20X6 20X6 20X6 20X6 20X6 20X6
Jan Feb Mar Apr May Jun
Cash
Accounts receivable
Inventories
Total current assets

Gross plant, property and equipment

Accumulated depreciation
Net PPE
Total assets

Accounts payable
Short term borrowings
Accrued taxes
Total current liabilities

Owner's equity
Total liability and equity
20X6 20X6 20X6 20X6 20X6 20X6
Jul Aug Sep Oct Nov Dec TOTAL
Sweet Beginnings Co.
Monthly Income Statement
20X5 20X6 20X6 20X6
Dec Jan Feb Mar
Cash receipts from collections 2,212,016.00 1,821,337.20 1,956,921.60
Less: Purchase of raw materials 1,120,779.00 1,664,322.00 3,206,982.08 6,010,050.48
Less: Payment for salaries and wages 381,064.86 565,869.48 1,090,373.91
Less: Payment to delivery contractors 49,004.64 73,262.16 108,300.24
Less: Dividends paid 450,000.00
Less: Income tax paid
Net cash flow 117,624.50 - 2,024,776.52 - 5,701,803.02
Add: Beginning cash 53,426.92 53,426.92 53,426.92
Less: Required ending balance 53,333.33 53,333.33 53,333.33
Add: Return on investment (1%)
Less: Interest on borrowing (16%) 7,834.33 7,834.33 7,834.33
Less: Repayment of principal 587,575.00
Add: Liquidation of investment
Required financing
Excess cash
109,883.75 - 2,032,517.27 - 6,297,118.77
 20X6 20X6 20X6 20X6 20X6 20X6
Apr May Jun Jul Aug Sep
2,909,246.40 5,386,702.80 10,352,240.60 15,275,301.60 16,728,151.80 12,497,892.50
8,603,859.55 9,096,584.89 6,448,028.13 3,376,092.50 2,250,727.19 1,855,328.75
2,043,417.16 2,925,312.25 3,092,838.86 2,192,329.56 1,147,871.45 765,247.24
241,552.35 414,089.52 524,513.34 467,841.38 235,579.88 132,721.13
450,000.00 450,000.00
363,834.79 1,862,284.92
- 7,979,582.66 - 7,413,118.64 - 163,139.73 9,239,038.16 11,231,688.37 9,294,595.38
53,426.92 53,426.92 53,426.92 53,426.92 53,426.92 53,426.92
53,333.33 53,333.33 53,333.33 53,333.33 53,333.33 53,333.33

7,834.33 7,834.33 7,834.33 7,834.33 7,834.33 7,834.33

- 7,987,323.41 - 7,420,859.39 - 170,880.48 9,231,297.41 11,223,947.62 9,286,854.63

 20X6 20X6 20X6
Oct Nov Dec TOTAL
6,481,212.50 4,158,592.50 3,450,745.00 83,230,360.50
1,490,345.31 1,208,184.48 1,344,934.80 46,555,440.14
630,811.78 506,717.41 410,782.72 15,752,636.68
112,812.75 89,586.75 72,996.38 2,522,260.50
450,000.00 1,800,000.00
1,319,432.67 3,545,552.38
4,247,242.66 1,034,671.20 1,172,031.10 13,054,470.81
53,426.92 53,426.92 53,426.92 641,123.00
53,333.33 53,333.33 53,333.33 640,000.00
-
7,834.33 7,834.33 7,834.33 94,012.00
587,575.00
-
-
-
4,239,501.91 1,026,930.45 1,164,290.35 12,374,006.81
Sweet Beginnings Co.
Monthly Income Statement
20X4 20X5 20X6 20X6 20X6
Jan Feb Mar
Gross sales 55,546,936.00 66,306,050.00 1,633,488.00 2,442,072.00 3,610,008.00
Cost of goods sold 38,327,385.00 46,398,029.00 1,203,880.66 1,799,807.06 2,660,575.90
Gross profit 17,219,551.00 19,908,021.00 429,607.34 642,264.94 949,432.10
Delivery fees 1,666,408.00 1,989,182.00 49,004.64 73,262.16 108,300.24
Operating expenses 3,012,444.00 4,159,275.00 98,009.28 146,524.32 216,600.48
Depreciation 869,600.00 869,600.00 82,466.67 82,466.67 82,466.67
Interest expense 910,000.00 1,240,000.00 7,834.33 7,834.33 7,834.33
Pretax profit 10,761,099.00 11,649,964.00 192,292.42 332,177.46 534,230.38
Income tax 3,099,519.00 3,583,444.00 77,329.32 115,607.69 170,897.78
Net profit 7,661,580.00 8,066,520.00 114,963.10 216,569.77 363,332.61
 20X6 20X6 20X6 20X6 20X6 20X6
Apr May Jun Jul Aug Sep
8,051,745.00 13,802,984.00 17,483,778.00 15,594,712.50 7,852,662.50 4,424,037.50
5,934,136.07 10,172,799.21 12,885,544.39 11,493,303.11 5,787,412.26 3,260,515.64
2,117,608.94 3,630,184.79 4,598,233.61 4,101,409.39 2,065,250.24 1,163,521.86
241,552.35 414,089.52 524,513.34 467,841.38 235,579.88 132,721.13
483,104.70 828,179.04 1,049,026.68 935,682.75 471,159.75 265,442.25
82,466.67 82,466.67 82,466.67 82,466.67 82,466.67 82,466.67
7,834.33 7,834.33 7,834.33 7,834.33 7,834.33 7,834.33
1,302,650.89 2,297,615.23 2,934,392.59 2,607,584.26 1,268,209.61 675,057.49
381,169.61 653,433.26 827,682.05 738,253.69 371,745.04 209,433.94
921,481.28 1,644,181.97 2,106,710.54 1,869,330.57 896,464.57 465,623.55
 20X6 20X6 20X6 20X6
Oct Nov Dec TOTAL
3,760,425.00 2,986,225.00 2,433,212.50 84,075,350.00
2,771,433.23 2,200,847.83 1,793,277.61 61,963,532.95 0.73700
988,991.78 785,377.18 639,934.89 22,111,817.05 22,111,817.05
112,812.75 89,586.75 72,996.38 2,522,260.50 0.03
225,625.50 179,173.50 145,992.75 5,044,521.00 0.06
82,466.67 82,466.67 82,466.67 989,600.00
7,834.33 7,834.33 7,834.33 94,012.00 94,012.00
560,252.53 426,315.93 330,644.76 13,461,423.55
178,018.52 141,367.89 115,188.28 3,980,127.07
382,234.01 284,948.03 215,456.48 9,481,296.48
 2015 2016 2017 1,120,779.00
Jan 1,361,240.00 1,633,488.00 1,960,185.60 1,664,322.00
Feb 2,035,060.00 2,442,072.00 2,930,486.40 3,206,982.08
Mar 3,008,340.00 3,610,008.00 6,010,050.48
Apr 6,193,650.00 8,051,745.00 8,603,859.55
May 10,617,680.00 13,802,984.00 9,096,584.89
Jun 13,449,060.00 17,483,778.00 6,448,028.13
July 12,475,770.00 15,594,712.50 3,376,092.50
Aug 6,282,130.00 7,852,662.50 2,250,727.19
Sept 3,539,230.00 4,424,037.50 1,855,328.75
Oct 3,008,340.00 3,760,425.00 1,490,345.31
Nov 2,388,980.00 2,986,225.00 1,208,184.48
Dec 1,946,570.00 2,433,212.50 1,344,934.80
66,306,050.00 84,075,350.00
 Sweet Beginnings Co.
Income Statement
For the year ended Dec. 2016

2014 2015 2016

Gross sales 55,546,936.00 66,306,050.00 84,075,350.00
Cost of goods sold 38,327,385.00 46,398,029.00 61,963,532.95
Gross profit 17,219,551.00 19,908,021.00 22,111,817.05
Delivery fees 1,666,408.00 1,989,182.00 2,522,260.50
Operating expenses 3,012,444.00 4,159,275.00 5,044,521.00
Depreciation 869,600.00 869,600.00 989,600.00
Interest expense 910,000.00 1,240,000.00 94,012.00 103,333.33
Pretax profit 10,761,099.00 11,649,964.00 13,461,423.55 8.806451613
Income tax 3,099,519.00 3,583,444.00 3,980,127.07
Net profit 7,661,580.00 8,066,520.00 9,481,296.48

Sweet Beginnings Co.

Balance Sheet
As of December 31, 2015

2015
Cash 641,123.00
Accounts receivable 3,379,958.00
Inventories 1,076,000.00
Total current assets 5,097,081.00

Gross plant, property and equipment 8,696,000.00

Accumulated depreciation 1,278,500.00
Net PPE 7,417,500.00
Total assets 12,514,581.00

Accounts payable 654,234.00

Short term borrowings 587,575.00
Accrued taxes 1,321,900.00
Total current liabilities 2,563,709.00

Owner's equity 9,950,872.00

Total liability and equity 12,514,581.00
7,750,000.00

1,937,500.00

0.075816129