Total Cost of Goods Sold 1104390215 Gross Profit 2296205080 Operating Expenses

Total cost of goods sold 1104390215 gross profit

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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 47,353.05 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 HOME
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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 Cost of Goods Sold - Baked 10,954,907.36 Cost of Goods Sold - Merchandise 88,994.79 Total Cost of Goods Sold Gross Profit Operating Expenses: Rent Expense 1,556,731.95 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 654,520.00 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 Ins. 43,718.91 Patent Amortization 2,500.00 Total Operating Expenses: Operating Income Income Taxes 4,168,847.62 Deferred tax Expense 52,325.25
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Total Tax Expense Net Income Unrealized Gain/(Loss) on Marketable Securities Held for Sale 265,000.00 Comprehensive Income
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34,055,952.95 11,043,902.15 22,962,050.80 6,364,420.92 16,597,629.88 HOME
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4,221,172.87 12,376,457.01 12,111,457.01
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Peyton Approved Statement of Retained Earnings For Year Ended 12/31/20XX Beginning Balance: plus Comprehensive Income less Dividends: Preferred Common Ending Balance 0
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$ 2,213,122.59 12,111,457.01 50,000.00 5,250,000.00 $ 9,024,579.60 HOME
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Peyton Appro Balance She As of December 3 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 2,387,729.40 Accumulated Depreciation -328,282.00 Net Fixed assets $ 3,559,447.40 Patent Net of Amortization 47,500.00 Total Assets: $ 19,454,052.40
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oved eet 31, 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 1,042,493.16 Accrued Pension Liability 107,041.70 Accrued Employees Health Insurance 43,718.91 Lease Liability 106,589.40 Contingent Liability - Lawsuit 0.00 Deferred Tax Liability 52,325.25 Total Current Liabilities 4,179,472.80 Long Term Liabilities: Bonds Payable 10%, 20 year 4,000,000.00 Total Long Term Liabilities: 4,000,000.00 Total Liabilities: 8,179,472.80 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 9,024,579.60 Total Equity 11,274,579.60 Total Liabilities & Equity $ 19,454,052.40
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HOME
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Peyton Approved Earnings per Share For Year Ended 12/31/20XX Net Income 12,376,457.01 Less: Preferred Dividends 50,000.00 Earnings Available to Common Shareholders 12,326,457.01 Common Shares Outstanding 2,000,000.00 Basic EPS 6.16 If all preferred shares are converted: Net Income 12,376,457.01 Additional Common Shares 500,000.00 Common Shares Outstanding after conversion 2,500,000.00 EPS if preferred shares converted 4.95 Preferred shares are antidilutive If all bonds are converted: Net Income 12,376,457.01 Less: Preferred Dividends 50,000.00 Add back interest on bonds, net of income tax 1,000,000.00 Earnings Available to Common Shareholders 13,326,457.01
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