Comparative Income Statement

Water Feature Designers Inc. Comparative Income Statement For the Years Ended December 31, 2017 and December 31, 2018 2018 Revenues: Service Revenue Interest Revenue Total Revenue Expenses: Supplies Expense Rent Expense Salaries Expense Utilities Expense Insurance Expense Auto Expense Computer Expense Repair & Maintenance Expense Total Expenses Net Income $ $ 247,600 1,520 249,120 74,600 60,000 45,300 3,800 3,250 2,900 1,140 800 191,790 57,330 2017 $ $ 286,300 1,600 287,900 101,800 60,000 51,200 7,500 3,670 2,080 1,800 410 228,460 59,440 Dollar Change Percent Change Water Feature Designers, Inc. Common-Size Balance Sheet December 31, 2017 and December 31, 2018 Assets: Cash Notes Receivable (Short-Term) Supplies Land Total Assets Liabilities: Accounts Payable Owner’s Equity: Arnold McBride, Capital Total Liabilities & Owner’s Equity 2018 Dollar Amount 2017 Dollar Amount $ $ 428,000 18,700 4,670 51,400 502,770 443,200 23,200 400 51,400 518,200 31,000 57,300 471,770 502,770 460,900 518,200 2018 2017 Percentage Percentage Gary’s Housewares Cash Budget For the Year Ending December 31, 2017 Quarter #4 Beginning Cash Balance Add: Cash Receipts from In-Store Customer Sales Cash Receipts from Online Sales Cash Receipts from Services Rendered Reduction in Notes Receivable Interest Received Sale of Automobile Total Cash Receipts: Total Cash Available Less: Cash Disbursements for Merchandise Purchases Cash Disbursements for Operating Expenses Loan Payments (Principal) Total Cash Disbursements: Ending Cash Balance: Quarter #3 Quarter #2 Quarter #1 Gary’s Housewares Purchases Budget For the Year Ending December 31, 2017 Budgeted Cost of Goods Sold Add: Desired Ending Inventory Total Inventory Required Less: Beginning Inventory Required Merchandise Purchases Gary’s Florist CVP Income Statement For the Year Ending December 31, 2017 Total Sales Revenue Variable Costs Contribution Margin Fixed Costs Net Income Units Sold: Per Unit …