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    Wilmer Barillo
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    The Empresso Cafetea House saw steady increases in net sales and gross income from 2020 to 2024, with net sales growing 21% and gross income growing 22% over the period. However, selling and administrative expenses remained constant, resulting in steady growth in pre-tax income from $12,749.58 in 2020 to $183,163.33 in 2024. No income tax was recorded over the period.

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    This is the Income Statement of our Feasibility Study

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    The Empresso Cafetea House saw steady increases in net sales and gross income from 2020 to 2024, with net sales growing 21% and gross income growing 22% over the period. However, selling and administrative expenses remained constant, resulting in steady growth in pre-tax income from $12,749.58 in 2020 to $183,163.33 in 2024. No income tax was recorded over the period.

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    © All Rights Reserved
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    19 views1 page

    Sample Income Statement

    Uploaded by

    Wilmer Barillo
    The Empresso Cafetea House saw steady increases in net sales and gross income from 2020 to 2024, with net sales growing 21% and gross income growing 22% over the period. However, selling and administrative expenses remained constant, resulting in steady growth in pre-tax income from $12,749.58 in 2020 to $183,163.33 in 2024. No income tax was recorded over the period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    EMPRESSO CAFETEA HOUSE

    Statement of Financial Performance


    For the period ended December 31, 2020-2024

    2020 2021 2022 2023 2024


    Note
    Net Sales (3) 1,740,663.00 1,827,696.15 1,919,080.96 2,015,035.01 2,115,786.76
    Cost of Sales (4) 949,902.87 997,398.01 1,047,267.91 1,099,631.31 1,154,612.88
    Gross Income 790,760.13 830,298.14 871,813.04 915,403.70 961,173.88
    Expenses:
    Selling Expenses (5) 533,450.15 533,450.15 533,450.15 533,450.15 533,450.15
    Administrative Expenses (6) 244,560.40 244,560.40 244,560.40 244,560.40 244,560.40
    Income before tax 12,749.58 52,287.59 93,802.49 137,393.15 183,163.33
    Income tax expense (7) - - - - -
    Net Income 12,749.58 52,287.59 93,802.49 137,393.15 183,163.33

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