Create an Income Statement for both years and conduct a financial analysis.

 

(Unaudited) Income Statement for 2010 Revenue Sandwich sales Drink sales Total Revenue Variable Cost of Sales Material costs-sandwiches Material costs - drinks Direct labour costs Total Variable Costs Contribution Margin Fixed Manufacturing Costs Rent Property taxes Business insurance Utilities Security monitoring Waste management and maintenance Amortization Total Fixed Manufacturing Costs Operating Expenses Office expenses Legal Accounting Management salaries Sales and marketing costs Litigation Total Fixed Operating Expenses Total Fixed Costs Operating Income Income Tax Expense Net Income 2010 $1,819,003 281,686 $2,100,689 $852,404 80,482 55,907 $988,793 $1,111,896 $ 66,000 20,000 25,000 55,000 4,500 26,750 25,000 $222,250 $ 13,650 145,000 15,000 180,000 30,000 500,000 $883,650 $1,105,900 $5,996 1,199 $4,797