Spa Income Statement
This Spa Income Statement provides a detailed financial overview for [Your Company Name] for the year ending [Month Day, Year]. It includes revenue, expenses, and net income, offering a clear picture of the spa's financial health.
Category | Amount ($) |
|---|
Revenue | |
Service Revenue | 150,000 |
Product Sales | 45,000 |
Total Revenue | 195,000 |
| |
Cost of Goods Sold | |
Product Costs | 18,000 |
Total COGS | 18,000 |
| |
Gross Profit | 177,000 |
| |
Operating Expenses | |
Salaries and Wages | 50,000 |
Rent | 24,000 |
Utilities | 6,000 |
Supplies | 5,000 |
Marketing | 3,500 |
Insurance | 2,500 |
Depreciation | 4,000 |
Miscellaneous Expenses | 1,500 |
Total Operating Expenses | 96,500 |
| |
Operating Income | 80,500 |
| |
Other Income/Expenses | |
Interest Income | 1,200 |
Interest Expense | 700 |
Total Other Income/Expenses | 500 |
| |
Net Income Before Tax | 81,000 |
| |
Income Tax Expense | 16,200 |
| |
Net Income | 64,800 |
[Your Company Name] Income Statement Analysis
For the year ended [Month Day, Year], [Your Company Name] generated a total revenue of $195,000. After accounting for the cost of goods sold ($18,000), the gross profit stands at $177,000. Operating expenses, including salaries, rent, utilities, and other costs, totaled $96,500, leading to an operating income of $80,500. After considering other income and expenses, the net income before tax is $81,000. With an income tax expense of $16,200, the net income for the year is $64,800.
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