Gym Income Statement
[Your Company Name]
Income Statement
For the Year Ended December 31, 2050
[Your Company Address] |
|---|
Phone: [Your Company Number] |
Email: [Your Email] |
Website: [Your Company Website] |
Revenue:
Description | Amount ($) |
|---|
Gross Membership Fees | 500,000 |
Personal Training Revenue | 120,000 |
Supplement Sales | 30,000 |
Merchandise Sales | 20,000 |
Other Income | 10,000 |
Total Revenue | 680,000 |
Cost of Goods Sold:
Description | Amount ($) |
|---|
Supplement Cost | 15,000 |
Merchandise Cost | 8,000 |
Total Cost of Goods Sold | 23,000 |
Gross Profit:
$657,000 ($680,000 - $23,000)
Operating Expenses:
Description | Amount ($) |
|---|
Salaries and Wages | 300,000 |
Rent and Utilities | 100,000 |
Marketing and Advertising | 50,000 |
Equipment Depreciation | 30,000 |
Insurance | 20,000 |
Other Operating Expenses | 15,000 |
Total Operating Expenses | 515,000 |
Operating Income:
$142,000 ($657,000 - $515,000)
Other Expenses:
Description | Amount ($) |
|---|
Interest Expense | 25,000 |
Total Other Expenses | 25,000 |
Net Income Before Taxes:
$117,000 ($142,000 - $25,000)
Income Taxes (20%)
$23,400
Net Income:
$93,600 ($117,000 - $23,400)
Notes:
This income statement provides a comprehensive overview of [Your Company Name]'s financial performance for the fiscal year ending December 31, 2050. It includes all major revenue streams and expenses, reflecting the operational efficiency and profitability of the gym. For detailed analyses or further information, please contact our accounting department.
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