CLASSIQUE Furniture Co.

Statement of Financial Position

as of December 31, 2020
Notes
Asset
Curent
Petty Cash ₱ 50,000.00
Cash on Hand ₱ 786,639.20
Total Current Assets ₱ 836,639.20
Non-curent
Property, Plant & Equipment ₱ 110,000.00
Accumulated Depreciation - PPE ₱ (40,000.00)
Total Non-current Assets ₱ 70,000.00
Total Assets ₱ 906,639.20

Liabilities & Non-curent

Current Libiilities
Total Liabilities ₱ -
Total Owner's Equity ₱ 906,639.20
Total Liabilities & Non-curent ₱ 906,639.20
 CLASSIQUE Furniture Co.
Income Statement and Owner's Equity
For the year ended Dec. 31, 2020
Notes
SALES REVENUE ₱ 811,600.00
COST OF SALE
Materials ₱ 176,467.00
Salaries Expense ₱ 242,620.30
Rent Expense ₱ 120,000.00 ₱ 539,087.30
GROSS PROFIT ₱ 272,512.70
OPERATING EXPENSES
Depreciation Expense ₱ 40,000.00
Taxes and License Expense ₱ 23,793.00
Utilities Expense ₱ 37,560.50 ₱ 101,353.50
NET INCOME BEFORE TAXES ₱ 171,159.20
Provision of Income Tax ₱ -
NET INCOME ₱ 171,159.20

Owner's Equity ₱ 735,480.00

ADJUSTED OWNER'S EQUITY ₱ 906,639.20
 CLASSIQUE Furniture Co.
Statement of Cashflow
for the year ended Dec. 31, 2021

CASHFLOWS FROM OPERATING ACTIVITIES

Net Income
Less: Decrease in Accounts Payable ₱ 3,080.00
Payment of taxes ₱ 461.00
Depreciation
NET CASH PROVIDED BY OPERATING ACTIVITIES

CASHFLOW FROM FINANCING ACTIVITIES

CASHFLOW FROM INVESTING ACTIVITIES

Increase in cash
CAash - JANUARY 01, 2020
Cash - DECEMBER 31, 2020
o.
w
2021

₱ 171,159.20

₱ (3,541.00)
₱ 40,000.00
₱ 207,618.20

₱ -
₱ -

₱ 207,618.20
₱ 579,021.00
₱ 786,639.20