Cafe Income Statement
This income statement presents the financial performance of [Your Company Name] for the fiscal year ending [Month Day, Year]. This statement provides a detailed overview of the cafe's revenues, expenses, and net income, offering insights into the profitability and financial health.
Category | Amount |
|---|
Revenues | |
Sales Revenue | $550,000 |
Other Income | $15,000 |
Total Revenues | $565,000 |
Cost of Goods Sold (COGS) | |
Cost of Goods Sold | $220,000 |
Gross Profit | $345,000 |
Operating Expenses | |
Salaries and Wages | $120,000 |
Rent | $60,000 |
Utilities | $18,000 |
Marketing and Advertising | $15,000 |
Depreciation | $12,000 |
Supplies | $10,000 |
Insurance | $8,000 |
Repairs and Maintenance | $5,000 |
Miscellaneous Expenses | $4,000 |
Total Operating Expenses | $252,000 |
Operating Income | $93,000 |
Other Expenses | |
Interest Expense | $7,000 |
Total Other Expenses | $7,000 |
Net Income Before Taxes | $86,000 |
Income Tax Expense | $25,800 |
Net Income | $60,200 |
The income statement of [Your Company Name] for the fiscal year ending [Month Day, Year], demonstrates a solid financial performance with total revenues amounting to [$565,000] and a net income of [$60,200]. The cafe's gross profit of [$345,000] highlights effective cost management in goods sold, while the operating expenses are well-controlled, ensuring sustainable operational profitability. The net income before taxes stands at [$86,000], showcasing the cafe's ability to generate a healthy profit before accounting for tax liabilities. The final net income after taxes, amounting to [$60,200], reflects the overall successful financial management and operational efficiency of [Your Company Name]. This positive financial outcome positions [Your Company Name] favorably for future growth and expansion.
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