Marriel Cullano

Income Statement
For the Year Ended December 2020
Auditing Revenues
Less: Expenses
Depreciation Expense- Building 55,000
Depreciation Expense- Office Equipment 60,000
Office Supplies Expense 96,000
Professional Development Expense 86,500
Rent Expense 52,500
Salaries Expense 735,000
Travel Expense 41,000
Utilities Expense 18,000
Total Expenses
Profit
 Marriel Cullano
Balance Sheet
December 31, 2021
1,361,500
ASSETS
Current Assets
Cash
Notes Receivables
Accounts Receivables
Office Supplies
Total Current Assets
Non Current Assets
Land
1,144,000 Building
217,500 Less: Accumulated Depreciation- Building
Office Equipment
Less: Accumulated Depreciation- Office Equipment
Total Non Current Assets
Total Assets

LIABILITIES
Current Liabilities
Accounts Payable
Salaries Payable
Total Current Liabilities
OWNER'S EQUITY
Santiago Capital 12/31/2021
Total Liabilities and Owner's Equity
Cullano Marriel Cullano
Sheet Statement of Changes in Equity
31, 2021 For the Year Ended December 2020
Cullano Capital, Beginning
Add: Additional Investment
Profit
118,500 Total
60,000 Less: Withdrawals
198,000 Cullano, Capital 2020
28,000
404,500

75,000
750,000
110,000
362,500
120,000
957,500
1,362,000

63,500
30,500
94,000

1,268,000
1,362,000
 Marriel Cullano
tement of Changes in Equity
he Year Ended December 2020
1,193,500.00
22,000.00
217,500.00
1,433,000.00
165,000.00
1,268,000.00