Financial+Information

//Skin’Ems// **Income Statement** ** //Put Beginning Date// //Here// to //Put Ending Date Here (monthly)// **
 * __Income__**


 * Revenue (Income from Sale of Products) $3,900**


 * Less Cost of Goods Sold (what was paid for production and materials) - $800**


 * Gross Margin (profit made from selling products) $3,100**


 * __Expenses__**


 * Rent $975**
 * Utilities $135**
 * Employee Wages $1,100**
 * Employee Benefits $110**
 * Advertising $120**
 * Materials for Product $800**
 * Production cost of product $900**


 * Less Total Expenses - $4140**


 * Net Profit (money we made) or Loss (money we lost) $1040**


 * __Skin-ems__**


 * Balance Sheet**


 * **__ASSETS__**

Cash $ 45,000

Equipment $24,695

Accounts Receivable $2,000


 * TOTAL ASSETS $ 71,695** || **__LIABILITIES AND CAPITAL__**


 * Liabilities:**

Loan at Bank $ 20,000

Accounts Payable $ 1,200


 * Total Liabilities $ 21,200**


 * Capital (Net Worth):**

Capital (Net Worth) **$ 50,495**


 * Total Liabilities**
 * And Capital $ 73,695** ||