I have make a business plan for my financial statment course. Business is \"even

Question

I have make a business plan for my financial statment course. Business is "event management" and location i have selected florida jacksonville. employees are 3 including owner.

I need to fill below income statment could you please help me to fill. i would suggest you to put resonable amount so it will look good for me to present in the calss. thank you.

[Your Company Name] Income Statement For the Year Ended [Mmmm Dd, 200X] 20xx 20xx Revenue: Service revenue Grant Fund raising Total Revenue Expenses: Advertising Amortization Bad Debts Bank Charges Charitable Contributions Commissions Contract Labor Credit Card Fees Delivery Expenses Depreciation Dues and Subscriptions Insurance Interest Maintenance Miscellaneous Office Expenses Operating Supplies Payroll Taxes Permits and Licenses Postage Professional Fees Property Taxes Rent Repairs Telephone Travel Utilities Vehicle Expenses Wages Total Expenses Earning Before Income Tax Tax Expenses Net Income

Explanation / Answer

FUN & JOY INC

Answer

FUN & JOY INC

Income Statement For the Year Ended [December 31, 2016] 2016 2015 Revenue: Service revenue 255500 225700 Grant 178850 157990 Fund raising 89425 78995 Total Revenue 523775 462685 Expenses: Advertising 2555 2257 Amortization 2500 2500 Bad Debts 5110 4514 Bank Charges 7857 6940 Charitable Contributions 3500 2800 Commissions 38325 33855 Contract Labor 63875 56425 Credit Card Fees 5110 4514 Delivery Expenses 3194 2821 Depreciation 15000 16500 Dues and Subscriptions 256 226 Insurance 1500 1500 Interest 3000 3000 Maintenance 750 675 Miscellaneous 125 135 Office Expenses 1022 903 Operating Supplies 12775 11285 Payroll Taxes 32 28 Permits and Licenses 1200 1200 Postage 307 271 Professional Fees 550 500 Property Taxes 112 112 Rent 6000 4800 Repairs 225 195 Telephone 175 165 Travel 335 285 Utilities 305 295 Vehicle Expenses 265 225 Wages 63875 56425 Total Expenses 239833 215351 Earning Before Income Tax 283942 247334 Tax Expenses 99380 86567 Net Income 184562 160767

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