12/31/18 12/31/19 % Change
Sales Revenue 850,511.65$ 925,614.50$ 9%
Less: Cost of Goods Sold 442,619.87 489,547.25 11%
Gross Margin 407,891.78 436,067.25 7%
Expenses:
Advertising 20,654.21 25,124.88 22%
What SUP, Inc.
Income Statement
For the Year Ended
120,000.00
140,000.00
Expense Comparison
Student Name 3/6/2023 ch3-01_Column_Chart_student_name.xlsx
Depreciation 22,000.00 23,000.00 5%
Interest 40,846.24 38,412.11 -6%
Other 5,421.55 3,200.74 -41%
Payroll 115,365.11 126,141.84 9%
Utilities 23,541.25 24,788.14 5%
Net income before taxes 180,063.42 195,399.54 9%
Income taxes 65,218.98 69,451.14 6%
Assets 12/31/18 12/31/19 % Change
Current Assets:
Cash 25,412.35$ 20,182.15$ -21%
Accounts Receivable 66,365.79 102,544.24 55%
Inventory 125,351.45 152,154.21 21%
Liabilities and Stockholders’ Equity
Liabilities
Current Liabilities:
Accounts Payable 75,182.10$ 66,095.32$ -12%
Payroll Liabilities 5,013.87 8,152.25 63%
Long-Term Debt 400,000.00 320,000.00 -20%
Stockholders’ Equity
Common Stock 110,000.00 130,000.00 18%
Retained Earnings 99,804.03 225,752.43 126%
What SUP, Inc.
Balance Sheet
as of
Prepaid Expenses 15,625.26 15,241.75 -2%
Supplies 10,245.15 9,877.65 -4%
Property, Plant, and Equipment:
Land 120,000.00 120,000.00 0%
Building 300,000.00 315,000.00 5%
Equipment 95,000.00 105,000.00 11%
Less: Accumulated Depreciation