Cost Classification and Incremental Analysis (questions 3 and 6)
Info for year 20XX
Income Statement
Gross sales $33,291.00
Coupons and Discounts $549.00
Cost of Goods $10,276.00
Labor $0.00
Advertising fees $2,000.00
bank fees $120.00
phone/internet $1,200.00
shipping $1,380.00
utilities $900.00
office supplies $785.00
income tax rate 26%
Cash Flow Statement
Cash in bank $21,120.00
Depreciation $800.00
Proceeds from disposal of investment $3,000.00
Capital expenditure $1,600.00
Repayment of bank loan -$5,000.00
Interest Expense w/ bank loan -$345.00
Balance Sheet
Cash in bank $21,120.00
Accounts Receivable $496.00
Accounts Payable $200.00
Inventory $10,507.00
Accumulated Depreciation -$1,000.00
Common stock $0.00