BEING cOMFORTSABLE’

| June 19, 2015

Income Statement            January    February    March    April    May    June    July    August    September    October    November    December        Year 1

Sales

Cost of Goods Sold

Gross margin

Bad Debt Expense

S & A Insurance Expense

(Over-) Underapplied Overhead

Advertising Expense

Sales and Admin Office Rent Expense

Sales Commissions Expense

Executive & Administrative Salary Expense

Total Selling & Admin Expenses

Operating Income (Loss)

Interest Expense – Bank Loans

Intrerest Expense – Bonds

Net Income (Loss)

Balance Sheet            January    February    March    April    May    June    July    August    September    October    November    December

Assets

Current Assets

Cash

Accounts Receivable

Allowance for Uncollectible Accounts

Direct Materials

Work In Process

Finished Goods

Prepaid Insurance

Prepaid Utilities

Total Current Assets

Plant, Property & Equipment

Machinery

Accumulated Depreciation – machinery

Total Plant, Property & Equipment

Total Assets

January    February    March    April    May    June    July    August    September    October    November    December

Liabilities

Current Liabilities

Accounts Payable – Trade

Insurance Payable

Utilities Payable

Advertising Payable

Factory Supervisors’ Salaries Payable

Sales Commissions Payable

Executive & Admin Salaries Payable

Interest Payable –  Bank Loans

Interest Payable – Bonds

Bank Loan Payable

Dividends Payable

Total Current Liabilities

Bonds Payable

Unamortized Discount / Premium

Total Liabilities

Shareholders’ Equity

Common Stock

Additional Paid in Capital

Retained earnings

Total Shareholders’ Equity

Total Liabilities and Shareholders’ Equity

Statement of Cash Flows            January    February    March    April    May    June    July    August    September    October    November    December        Year 1

Cash Provided by (Used for) Operating Activities

from customers

for direct materials

for direct labor

for indirect labor

for factory supervisors’ salaries

for insurance

for utilities

for factory rent

for advertising

for sales and office rent

for sales commissions

for executive and admin salaries

for interest on bank loans

Cash Provided by (Used for) Op Act

Cash Provided by (Used for) Investing Activities

for machinery

Cash Provided by (Used for) Inv Act

Cash Provided by (Used for) Financing Activities

from sale of common stock

from bank loans

from sale of bonds

for dividends

for loan repayment

Cash Provided by (Used for) Fin Act

Change in cash during the period

Cash, beginning balance

Cash, ending balance

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