Adrenaline Rush

Profit and Loss Statement

For the Year Ending 04/30/2021

Sales revenues
Sales $775,000.00
Trade fair revenues $1,000,000.00
Contractual sales to non-VE entities $0.00
Other revenues $0.00
Total sales revenues $1,775,000.00

Cost of goods sold or services provided $258,450.00

Gross profit $1,516,550.00

Gross profit margin 62.62%

Operating expenses
Salaries $589,000.00
Rent $35,940.00
Depreciation $409.84
Payroll tax $214,985.00
Advertising $36,000.00
Promotion $0.00
Insurance $15,324.00
Pension or 401(k) $41,230.00
Interest
Supplies $540.48
Utilities $926.00
Other $15,234.26
Total operating expenses $949,589.58

Income from operations $566,960.42

Other revenues/gains and expenses/losses
Net income before taxes $566,960.42
Corporate income tax $119,061.69
Net income after taxes $447,898.73
 Cookie Kings
Cost of Goods Sold
For the Year Ending 04/30/2020

Inventory, beginning of the year

Add: Purchases $120,411.01
= Cost of goods available $120,411.01
Less: Inventory, end of year $0.00
= Cost of goods sold $120,411.01