Total Revenues 3400595295 Cost of Goods Sold Baked 1095490736 Cost of Goods

Total revenues 3400595295 cost of goods sold baked

This preview shows page 26 - 38 out of 40 pages.

Total Revenues 34,005,952.95 Cost of Goods Sold - Baked 10,954,907.36 Cost of Goods Sold - Merchandise 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 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 34,005,952.95 Cost of Goods Sold - Baked 10,954,907.36 Cost of Goods Sold - Merchandise 88,994.79 Total Cost of Goods Sold 11,043,902.15 Gross Profit 22,962,050.80 Operating Expenses: Rent Expense 1,556,731.95 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 Pension Expense 107,041.70 Retired Employees Health Ins. 43,718.91 Patent Amortization - Total Operating Expenses: 6,418,920.92 Operating Income 16,543,129.88 Income Taxes 4,168,847.62 Deferred tax Expense 52,325.25 Total Tax Expense 4,221,172.87
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Net Income 12,321,957.01 Unrealized Gain/(Loss) on Marketable Secur 265,000.00 Comprehensive Income 12,056,957.01
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HOME
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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 12,056,957.01 50,000.00 5,250,000.00 $ 8,970,079.60 HOME
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Peyton Approved Balance Sheet As of December 31, 20XX Assets Current Assets: Cash 1,488,999.34 Accounts Marketable Securities 5,235,000.00 Wages P Accounts Receivable 7,092,495.88 Interest P Baking Supplies 1,605,098.52 Current P Merchandise Inventory 128,152.63 Income ta Prepaid Rent 71,877.07 Accrued Prepaid Insurance 207,834.14 Accrued Misc. Supplies 17,647.42 Lease Lia Continge Deferred Total Current Assets $ 15,847,105.00 Long Term/Fixed Assets: Bonds Pa Land 250,000.00 Building 1,250,000.00 Baking Equipment 2,360,729.40 Accumulated Depreciati -328,282.00 Net Fixed assets $ 3,532,447.40 Patent Net of Amortization 0.00 Preferred 5,000 Common authori Retained Total Assets: $ 19,379,552.40
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Liabilities and Owners' Equity Current Liabilities: s Payable 1,555,212.85 Payable 250,203.31 Payable 21,888.22 Portion of Bonds Payable 1,000,000.00 axes currently payable 1,042,493.16 Pension Liability 107,041.70 Employees Health Insuran 43,718.91 ability 86,589.40 ent Liability - Lawsuit 0.00 Tax Liability 52,325.25 Total Current Liabilities 4,159,472.80 Long Term Liabilities: ayable 10%, 20 year 4,000,000.00 Total Long Term Liabilities: 4,000,000.00 Total Liabilities: 8,159,472.80 d Stock - (10,000 authorized 500,000.00 issued, 10%, $100 par value) n Stock - (2,000,000 shares 1,750,000.00 ized, 1,750,000 issued, $1 par) d Earnings 8,970,079.60 Total Equity 11,220,079.60 Total Liabilities & Equity $ 19,379,552.40 HOME
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Peyton Approved Earnings per Share For Year Ended 12/31/20XX Net Income 12,321,957.01 Less: Preferred Dividends 50,000.00 Earnings Available to Common Shareholde 12,271,957.01 Common Shares Outstanding 1,750,000 Basic EPS If all preferred shares are converted: Net Income Additional Common Shares Common Shares Outstanding after conversion EPS if preferred shares converted Preferred shares are antidilutive If all bonds are converted: Net Income Less: Preferred Dividends Add back interest on bonds, net of income tax
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