Net Sales Cost of Goods Sold Gross Margin Expenses APPENDIX A Flour Power Income Statement Year...

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Net Sales Cost of Goods Sold Gross Margin Expenses APPENDIX A Flour Power Income Statement Year ending June 30, 2022 $ Flour Power Balance Sheet As of June 30, 2022 Current Assets Cash Accounts receivable Inventory Total Current Assets $ 309,355 $ 123,000 Non-current Assets Baking equipment $ 186,355 Less: Accumulated depreciation Total Non-current Assets Total Assets $ ASSETS $52,032 $7,650 $12,456 $72,138 $53,604 -$10,000 $43,604 $115,742 Salaries expense $ 105,677 LIABILITIES AND SHAREHOLDERS' EQUITY Rent expense $ 38,005 Current Liabilities Marketing expense $ 24,000 Accounts payable Depreciation expense $ 6,400 Wages payable Total Current Liabilities $1,560 $5,000 $6,560 Total expenses $ 174,082 Non-current Liabilities Operating Income $ 12,273 Loan $87,486 Total Non-current Liabilities $87,486 Total Liabilities $94,046 Provision for income taxes (21%) $ (2,577) Owners' Equity Net Income $ Share capital 9,696 Retained earnings Total Owners' Equity Total Liabilities and Owners' Equity $12,000 $9,696 $21,696 $115,742 Oven Fresh Delights Balance Sheet As of June 30, 2022 $ Oven Fresh Delights Income Statement Year ending June 30, 2022 ASSETS $ Net Sales Cost of Goods Sold Gross margin Expenses Salaries expense Rent expense Current Assets Cash $48,395 Accounts receivable Inventory $6,300 $27,455 $ 223,399 Total Current Assets $82,150 $ 109,555 Non-current Assets Baking equipment $ 113,844 Less: Accumulated depreciation Total Non-current Assets Total Assets $55,000 -$25,000 $30,000 $112,150 $ 72,000 LIABILITIES AND SHAREHOLDERS' EQUITY $ 25,699 Current Liabilities Marketing expense $ 9,350 Accounts payable Depreciation expense $ 5,500 Wages payable Total expenses $ 112,549 Total Current Liabilities $4,560 $3,500 $8,060 Non-current Liabilities Operating Income $ 1,295 Loan $29,567 Total Non-current Liabilities Total Liabilities $29,567 $37,627 Provision for income taxes (21%) $ (272) Owners' Equity Net Income $ 1,023 Share capital Retained earnings Total Owners' Equity Total Liabilities and Owners' Equity $73,500 $1,023 $74,523 $112,150 I Net Sales Cost of Goods Sold Gross Margin Expenses APPENDIX A Flour Power Income Statement Year ending June 30, 2022 $ Flour Power Balance Sheet As of June 30, 2022 Current Assets Cash Accounts receivable Inventory Total Current Assets $ 309,355 $ 123,000 Non-current Assets Baking equipment $ 186,355 Less: Accumulated depreciation Total Non-current Assets Total Assets $ ASSETS $52,032 $7,650 $12,456 $72,138 $53,604 -$10,000 $43,604 $115,742 Salaries expense $ 105,677 LIABILITIES AND SHAREHOLDERS' EQUITY Rent expense $ 38,005 Current Liabilities Marketing expense $ 24,000 Accounts payable Depreciation expense $ 6,400 Wages payable Total Current Liabilities $1,560 $5,000 $6,560 Total expenses $ 174,082 Non-current Liabilities Operating Income $ 12,273 Loan $87,486 Total Non-current Liabilities $87,486 Total Liabilities $94,046 Provision for income taxes (21%) $ (2,577) Owners' Equity Net Income $ Share capital 9,696 Retained earnings Total Owners' Equity Total Liabilities and Owners' Equity $12,000 $9,696 $21,696 $115,742 Oven Fresh Delights Balance Sheet As of June 30, 2022 $ Oven Fresh Delights Income Statement Year ending June 30, 2022 ASSETS $ Net Sales Cost of Goods Sold Gross margin Expenses Salaries expense Rent expense Current Assets Cash $48,395 Accounts receivable Inventory $6,300 $27,455 $ 223,399 Total Current Assets $82,150 $ 109,555 Non-current Assets Baking equipment $ 113,844 Less: Accumulated depreciation Total Non-current Assets Total Assets $55,000 -$25,000 $30,000 $112,150 $ 72,000 LIABILITIES AND SHAREHOLDERS' EQUITY $ 25,699 Current Liabilities Marketing expense $ 9,350 Accounts payable Depreciation expense $ 5,500 Wages payable Total expenses $ 112,549 Total Current Liabilities $4,560 $3,500 $8,060 Non-current Liabilities Operating Income $ 1,295 Loan $29,567 Total Non-current Liabilities Total Liabilities $29,567 $37,627 Provision for income taxes (21%) $ (272) Owners' Equity Net Income $ 1,023 Share capital Retained earnings Total Owners' Equity Total Liabilities and Owners' Equity $73,500 $1,023 $74,523 $112,150 I