Kezi Juice Company

Income Statement ($)

2019 2020 2021 2022 2023

Revenue
Water Melon Juice $728,250 $1,745,750 $1,745,750 $1,745,750 $1,745,750
Other $0 $0 $0 $0 $0
Total Revenue $728,250 $1,745,750 $1,745,750 $1,745,750 $1,745,750

Cost of Goods Sold $539,723 $1,266,535 $1,264,047 $1,264,359 $1,264,924

Gross Margin $188,528 $479,215 $481,703 $481,391 $480,826

% of Revenue 26% 27% 28% 28% 28%

Operating Expenses
PRODUCTION $11,115 $11,603 $12,114 $12,427 $12,991
% of Revenue 2% 1% 1% 1% 1%
SALES & MARKETING $62,391 $126,622 $127,291 $127,769 $128,507
% of Revenue 9% 7% 7% 7% 7%
ADMINISTRATION $59,055 $80,755 $82,173 $83,211 $84,774
% of Revenue 8% 5% 5% 5% 5%
Total Operating Expenses $132,561 $218,979 $221,578 $223,407 $226,272
% of Revenue 18% 13% 13% 13% 13%

Income Before Int & Taxes $55,967 $260,236 $260,125 $257,984 $254,554
% of Revenue 8% 15% 15% 15% 15%

Interest Expense $4,542 $10,888 $10,888 $10,888 $10,888

Interest Revenue $0 $0 $0 $0 $0

Income Before Taxes $51,425 $249,347 $249,237 $247,096 $243,666

Tax Exp $13,628 $66,077 $66,048 $65,480 $64,572

Net Income $37,797 $183,270 $183,189 $181,615 $179,095

% of Revenue 5% 10% 10% 10% 10%

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 Kezi Juice Company
Balance Sheet ($)

2019 2020 2021 2022 2023

ASSETS
Current Assets
Cash $66,786 $261,363 $437,710 $619,292 $798,274
Net Accounts Rec $60,984 $100,716 $67,211 $67,211 $67,211
Inventory (30 days) $50,800 $99,933 $99,933 $99,933 $99,933
Total Current Assets $178,570 $462,013 $604,854 $786,437 $965,419

Gross Fixed Assets $3,375 $3,375 $3,375 $3,375 $3,375

Less Accum Depreciation $1,125 $2,250 $3,375 $3,375 $3,375
Net Fixed Assets $2,250 $1,125 $0 $0 $0

TOTAL ASSETS $180,820 $463,138 $604,854 $786,437 $965,419

LIABILITIES
Short Term Liabilities
Accounts Payable (30 days) $52,535 $101,668 $101,418 $101,418 $101,418
Salaries Payable (15 days) $1,975 $2,074 $2,177 $2,286 $2,401
Taxes Payable (90 days) $13,628 $27,684 $16,512 $16,370 $16,143
Overdraft (90% of net A/R) $54,886 $90,644 $60,490 $60,490 $60,490
Current Portion of Capital Equipment Lease $0 $0 $0 $0 $0
Current Portion of Long Term Debt $0 $0 $0 $0 $0
Total Short Term Liabilities $123,023 $222,070 $180,598 $180,565 $180,452

Long Term Liabilities

Capital Equipment Lease (3 years) $0 $0 $0 $0 $0
Long Term Debt (5 years) $0 $0 $0 $0 $0
Total Long Term Liabilities $0 $0 $0 $0 $0

TOTAL LIABILITIES $123,023 $222,070 $180,598 $180,565 $180,452

Equity
Preferred Stock $0 $0 $0 $0 $0
Common Stock $20,000 $20,000 $20,000 $20,000 $20,000
Retained Earnings $37,797 $221,068 $404,257 $585,872 $764,966
Total Equity $57,797 $241,068 $424,257 $605,872 $784,966
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LIABILITIES & EQUITY $180,820 $463,138 $604,854 $786,437 $965,419
 Kezi Juice Company
Statement of Sources & Uses ($)

2019 2020 2021 2022 2023

BEGINNING CASH $0 $66,786 $261,363 $437,710 $619,292

Sources of Cash
Net Income $37,797 $183,270 $183,189 $181,615 $179,095
Add Depr/Amort $1,125 $1,125 $1,125 $0 $0
Issuance of Preferred Stock $0 $0 $0 $0 $0
Issuance of Common Stock $20,000 $0 $0 $0 $0
Plus Changes In:
Accounts Payable (30 days) $52,535 $49,133 ($250) $0 $0
Salaries Payable (15 days) $1,975 $99 $104 $109 $114
Taxes Payable (90 days) $13,628 $14,056 ($11,172) ($142) ($227)
Additions to Overdraft (90% of net A/R) $54,886 $59,875 $0 $0 $0
Additions to Capital Equipment Lease (3 years) $0 $0 $0 $0 $0
Additions to Long Term Debt (5 years) $0 $0 $0 $0 $0
Total Sources of Cash $181,945 $307,559 $172,996 $181,582 $178,982

Uses of Cash
Less Changes In:
Net Accounts Rec $60,984 $39,732 ($33,505) $0 $0
Inventory (30 days) $50,800 $49,133 $0 $0 $0
Gross Fixed Assets $3,375 $0 $0 $0 $0
Reductions To Credit Line $0 $24,116 $30,154 $0 $0
Reductions To Capital Equipment Lease $0 $0 $0 $0 $0
Reductions To Long Term Debt $0 $0 $0 $0 $0
Total Uses $115,159 $112,982 ($3,350) $0 $0

CHANGES IN CASH $66,786 $194,577 $176,346 $181,582 $178,982

ENDING CASH $66,786 $261,363 $437,710 $619,292 $798,274

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