Page 5 - Kre8ability Annual Report 2020
P. 5
FINANCIAL ST A TEMENTS
PROFIT AND LOSS STATEMENT BALANCE SHEET
REVENUES ASSETS
Revenue - Book $ 2,960.00 Cash in Bank $ 4,520.00
Revenue - Advertisement $ 3,700.00 TOTAL ASSETS $ 4,520.00
GROSS REVENUES $ 6,660.00
COST OF GOODS SOLD LIABILITIES
Printing $ 1,020.00 Payable - Sales Tax $ 266.40
Product Design $ 685.00 TOTAL LIABILITIES $ 266.40
TOTAL COST OF GOODS SOLD $ 1,705.00
GROSS PROFIT $ 4,955.00 NET WORTH
OPERATING EXPENSES Shareholders Investment $ 33.00
Wages and salaries $ 144.00 Retained Earnings $ 4,220.60
Commission $ 234.00 TOTAL NET WORTH $ 4,253.60
Sales Tax $ 266.40 TOTAL LIABILITIES AND NET WORTH $ 4,520.00
Miscellaneous $ 90.00
TOTAL OPERATING EXPENSES $ 734.40
NET OPERATING INCOME $ 4,220.60
OTHER INCOME / EXPENSE 0
NET PROFIT $ 4,220.60
BOOK VALUE OF STOCK Financial reports are certified by:
NET PROFIT $ 4,220.60
CAPITAL STOCK $ 33.00
TOTAL $ 4,253.60
NUMBER OF SHAREHOLDERS 11
BOOK VALUE OF STOCK $ 386.69
RETURN ON INVESTMENT 1,100%
KRE8ABILIT Y — A JUNIOR A CHIEVEMENT C OMPANY 5
