Business License Expense 21175765 Misc Expense 14117108 Depreciation Expense

Business license expense 21175765 misc expense

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Business License Expense 211,757.65 Misc. Expense 141,171.08 Depreciation Expense 634,520.00 Insurance Expense 112,937.69 Advertising Expense 160,413.49 Interest Expense 484,703.27 Telephone Expense 50,821.34 Total Operating Expenses: 6,288,160.31 Earnings before Income Tax 16,673,890.49 Income Taxes 4,168,472.62 Net Income 12,505,417.87
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Peyton Approved Statement of Retained Earnings For Year Ended 12/31/20XX Beginning Balance: $ 2,213,122.59 plus Net Income 12,505,417.87 less Dividends: Preferred 50,000.00 Common 5,250,000.00 Ending Balance $ 9,418,540.46 $ 9,418,540.46
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Peyton Approved Income Statement For Year Ended 12/31/20XX Bakery Sales $ 33,881,157.15 Merchandise Sales 124,795.80 Total Revenues $ 34,005,952.95 Cost of Goods Sold - Bake $ 10,954,907.36 Cost of Goods Sold - Merc $ 88,994.79 Total Cost of Goods Sold $ 11,043,902.15 Gross Profit $ 22,962,050.80 Operating Expenses: Rent Expense $ 1,576,731.95 Wages Expense $ 2,604,526.23 Misc. Supplies Expense $ 263,224.56 Repairs and Maintenance $ 20,353.05 Business License Expense $ 211,757.65 Misc. Expense $ 91,171.08 Depreciation Expense $ 653,008.00 Insurance Expense $ 112,937.69 Advertising Expense $ 160,413.49 Interest Expense $ 484,703.27 Telephone Expense $ 50,821.34 Pension Expense $ 107,041.70 Retired Employees Health $ 43,718.91 Patent Amortization $ 50,000.00 Total Operating Expenses: 6,430,408.92 Operating Income 16,531,641.88 Income Taxes 4,286,672.87 Deferred tax Expense 118,575.25 Total Tax Expense 4,168,097.62
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Net Income 12,363,544.26 Unrealized Gain/(Loss) on Marketable Securiti 265,000.00 Comprehensive Income 12,628,544.26
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Peyton Approved Statement of Retained Earnings For Year Ended 12/31/20XX Beginning Balance: $ 2,213,122.59 plus Comprehensive I 12,628,544.26 less Dividends: Preferred 50,000.00 Common 5,250,000.00 Ending Balance $ 9,541,666.85
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Peyton Approv Balance She As of December 31 Assets Current Assets: Cash 1,488,999.34 Marketable Securities 5,235,000.00 Accounts Receivable 7,092,495.88 Baking Supplies 1,605,098.52 Merchandise Inventory 128,152.63 Prepaid Rent 71,877.07 Prepaid Insurance 207,834.14 Misc. Supplies 17,647.42 Total Current Assets 15,847,105.00 Long Term/Fixed Assets: Land 250,000.00 Building 1,250,000.00 Baking Equipment 2,254,140.00 Accumulated Depreciation -328,282.00 Net Fixed assets 3,425,858.00 Patent Net of Amortization 50,000.00 Total Assets: 19,272,963.00
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ved eet 1, 20XX Liabilities and Owners' Equity Current Liabilities: Accounts Payable 1,555,212.85 Wages Payable 250,203.31 Interest Payable 21,888.22 Current Portion of Bonds Payable 1,000,000.00 Income taxes currently payable 1,160,318.41 Accrued Pension Liability 107,041.70 Accrued Employees Health Insurance 43,718.91 Lease Liability 120,000.00 Contingent Liability - Lawsuit 0.00 Deferred Tax Liability 118,575.25 Total Current Liabilities 4,376,958.65 Long Term Liabilities: Bonds Payable 10%, 20 year 4,000,000.00 Total Long Term Liabilities: 4,000,000.00 Total Liabilities: 8,376,958.65 Preferred Stock - (10,000 authorized, 500,000.00 5,000 issued, 10%, $100 par value) Common Stock - (2,000,000 shares 1,750,000.00 authorized, 1,750,000 issued, $1 par) Retained Earnings 9,541,666.85 Total Equity 11,791,666.85 Total Liabilities & Equity 20,168,625.50
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Peyton Approved Earnings per Share For Year Ended 12/31/20XX Net Income 12,628,544.26 Less: Preferred Dividends 50,000.00 Earnings Available to Common Shareholde 12,578,544.26 Common Shares Outstanding 2,000,000 Basic EPS 6.29 If all preferred shares are converted: Net Income 12,628,544.26 Additional Common Shares 500,000 Common Shares Outstanding after convers 2,500,000 EPS if preferred shares converted Preferred shares are antidilutive 5.05 If all bonds are converted: Net Income 12,628,544.26 Less: Preferred Dividends 50,000.00 Add back interest on bonds, net of income 339,292.29 Earnings Available to Common Shareholde 12,917,836.55 Additional Common Shares 400,000 Common Shares Outstanding after convers 2,400,000 Fully diluted EPS 5.38 Peyton plans to raise $1,000,000 million of additional capital for the coming year that it will enable them to earn an additional $600,000 after tax. What would be t
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