Jinyoung STUDENT ID: Kim 44297106 Class Day: Class Time:.

Jinyoung
STUDENT ID: Kim 44297106
Class Day:
Class Time:
Profit & Loss Statement
March 2018
5/12/2019
6:58:10 PM
Income
Sales $459,264.00
Delivery & Installation Income $20,800.00
Freight Revenue $960.00
Total Income $481,024.00
Cost Of Sales
Cost of Goods Sold $190,949.28
Freight Inwards $928.00
Total Cost Of Sales $191,877.28
Gross Profit $289,146.72
Expenses
Employment
Staff Amenities $1,164.80
Superannuation expense $23,187.36
Wages & Salaries $177,001.28
Workcover $9,842.40
Total Employment $211,195.84
General & Administrative
Depreciation Expenses
Dep. Building $147,808.00
Dep. Motor Vehicle $13,344.00
Dep. Office Equipment $12,992.00
Dep. Office Furniture $7,168.00
Total Depreciation Expenses $181,312.00
Insurance Expense (General) $4,800.00
Motor Vehicle Running Exp. $2,208.00
Office Supplies $608.00
Travel & Entertainment $640.00
Total General & Administrative $189,568.00
Financial
Bad Debts $9,487.27
Bank Charges ($943.20)
Doubtful Debts $5,101.18
Interest Expense $31,234.40
Total Financial $44,879.65
Marketing & Distribution
Sales Commission $62,304.00
Total Marketing & Distribution $62,304.00
Total Expenses $507,947.49
Operating Profit ($218,800.77)
Other Income
Interest Income $2,717.81
Rent Income $25,600.00
Total Other Income $28,317.81
Net Profit/(Loss) ($190,482.96)