Cleaning Services Financial Statement

This financial statement provides a comprehensive overview of our financial performance for the year, showcasing our strong revenue growth, prudent cost management, and solid financial position as we continue to serve our clients with high-quality cleaning services.

Income Statement

Revenue
Residential Cleaning	550,000
Commercial Cleaning	320,000
Specialized Services	230,000
Total Revenue	1,100,000

Cost of Goods Sold (COGS)
Labor Costs	460,000
Supplies	160,000
Equipment Maintenance	80,000
Total COGS	700,000

Gross Profit	400,000

Operating Expenses
Administrative Salaries	90,000
Marketing Expenses	70,000
Rent	30,000
Utilities	10,000
Total Operating Expenses	200,000

Net Income Before Taxes	200,000
Income Tax Expense (20%)	40,000
Net Income	160,000

Balance Sheet

Current Assets
Cash and Cash Equivalents	100,000
Accounts Receivable	50,000
Inventory (Supplies)	20,000
Total Current Assets	170,000

Fixed Assets
Equipment (net of depreciation)	120,000
Total Fixed Assets	120,000

Total Assets	290,000

Liabilities and Equity
Current Liabilities
Accounts Payable	30,000
Accrued Expenses	20,000
Total Current Liabilities	50,000

Equity
Retained Earnings	240,000
Total Equity	240,000

Total Liabilities and Equity	290,000

Cash Flow Statement

Cash Flows from Operating Activities
Net Income	160,000
Adjustments for:
Depreciation	20,000
Changes in Working Capital	(30,000)
Net Cash Provided by Operating Activities	150,000

Cash Flows from Investing Activities
Purchase of Equipment	(40,000)
Net Cash Used in Investing Activities	(40,000)

Cash Flows from Financing Activities
Loan Repayments	(10,000)
Net Cash Used in Financing Activities	(10,000)

Net Increase in Cash	100,000
Cash at Beginning of Period	0
Cash at End of Period	100,000