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Income Statement
As of December 31, 2017-2021
2017 2018 2019
Sales 3,084,480.00 3,238,704.00 3,400,677.00
Less:
Cost of Good Sold 734,185.00 755,228.02 777,322.02
800,521.13 824,879.99
2,770,066.87 2,924,313.01
32,297.74 33,912.63
2982.04 3131.14
1,175.00 1,175.00
576,000.00 576,000.00
1200.00 1200.00
16,732.80 17,569.44
104,448.00 104,448.00
34,816.00 34,816.00
12,540.00 12,540.00
2550.00 2550.00
2,400.00 2,400.00
7,500.00 7,500.00
14,447.16 15,199.52
1,157.63 1,215.51
578.81 607.75
1,736.44 1,823.86
812,561.62 816,088.85
1,957,505.25 2,108,224.16
587,251.58 632,467.25
1,370,253.67 1,475,756.91
Wings Corner
Projected Changes in Owners Equity
For The year Ending December 31, Year 1- year 5
Total Amount Partner A Partner B
2018
Capital, 2018 1,500,000.00 250,000 250,000
Add Net income 1,083,866.77 180,644.46 180,644.46
Less Partners withdrawal during The year - - -
Capital, 2019 2,583,866.77 430,644.46 430,644.46
2019
Capital, 2019 2,583,866.77 430,644.46 430,644.46
Add Net income 1,174,223.88 195,703.98 195,703.98
Less Partners withdrawal during The year - - -
Capital, 2020 3,758,090.65 626,348.44 626,348.44
2020
Capital, 2019 3758090.65 626,348.44 626,348.44
Add Net income 1,269,886.48 211647.75 211647.75
Less Partners withdrawal during The year - - -
Capital, 2021 5,027,977.13 837,996.19 837,996.19
2021
Capital, 2019 5,027,977.13 837,996.19 837,996.19
Add Net income 1,370,253.67 228,375.61 228,375.61
Less Partners withdrawal during The year - - -
Capital, 2022 6,398,230.80 1,066,371.80 1,066,371.80
2022
Capital, 2022 6,398,230.80 1,066,371.80 1,066,371.80
Add Net income 1,475,756.91 245,959.49 245,959.49
Less Partners withdrawal during The year - - -
Capital, 2023 7,873,987.71 1,312,331.29 1,312,331.29
er
wners Equity
r 31, Year 1- year 5
Partner C Partner D Partner E Partner F
Investing Activities
Cash paid For
Purchasing Kitchen Equipment (15870.00) (15870.00)
Purchasing Delivery Vehicle (79,998.00) (79,998.00)
Furniture and Fixture (5,000.00) (5,000.00)
Net Cash Provide from Operation (100,868.00) (100,868.00)
Financing Activities
Capital 1,500,000.00 2,583,866.77
Net Cash Prrovide From Financing Activities 1,500,000.00 2,583,866.77
Liabilities
SSS Contribution Payable 1,008.60 1,008.60 1,008.60
PHIC Contribution Payable 212.50 212.50 212.50
HDMF Contribution payable 200 200 200
EQUITY
Capital 2,583,866.77 3,758,090.65 5,027,977.13
6,132,745.71 7,585,070.36
168,000.00 191,000.00
1511.07 2116.97
15,870 15,870
(1,157.63) (1,215.51)
5000 5000
(578.81) (607.75)
79,998.00 79,998.00
(1,736.44) (1,823.26)
6,399,651.90 7,875,408.81
1,008.60 1,008.60
212.50 212.50
200 200
1,421.10 1,421.10
6,398,230.80 7873987.71
6,399,651.90 7,875,408.81