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AAAA RETAIL &
SERVICE CORPORATION
Balance Sheet
December 31,
2005
ASSETS
Current Assets
|
Cash in Bank |
$ 380,847.22 |
|
Accounts Receivable |
33,202.43 |
|
Inventory |
136,138.59 |
|
Prepaid Expenses |
13,784.00 |
|
Total Current Assets |
$ 563,972.24 |
Fixed Assets
|
Land |
47,274.60 |
|
Buildings |
358,292.42 |
|
Fixtures and Equipment |
128,502.86 |
|
Accumulated Depreciation |
(144,292.16) |
|
Total Fixed Assets |
389,777.72 |
Other Assets
|
Deposits |
4,000.00 |
|
Goodwill |
25,000.00 |
|
Total Other Assets |
29,000.00 |
|
Total Assets |
$ 982,749.96 |
LIABILITIES AND EQUITY
Current Liabilities
|
Accounts Payable - Trade |
$ 147,535.89 |
|
Federal Withholding Payable |
3,348.60 |
|
FICA Tax Payable |
3,448.86 |
|
State Withholding Payable |
888.15 |
|
Federal Unemployment Payable |
101.12 |
|
State Unemployment Payable |
520.80 |
|
State Sales Tax Payable |
14,332.25 |
|
Total Current Liabilities |
$ 170,175.67 |
Long Term Liabilities
|
Notes Payable - Long term |
265,507.68 |
|
Other Liabilities |
7,788.56 |
|
Total Long Term Liabilities |
273,296.24 |
Equity
|
Common Stock |
10,000.00 |
|
Paid in Capital |
184,950.72 |
|
Retained Earnings |
158,217.81 |
|
Dividends |
(35,000.00) |
|
Current Income (Loss) |
221,109.52 |
|
Total Liabilities & Equity |
$ 982,749.96 |
AAAA SAMPLE RETAIL & SERVICE
CORPORATION
Income Statement
For the Period Ended December 31, 2005
| |
12 Months Ended |
|
12 Months Ended |
|
| |
Dec. 31, 2005 |
Pct |
Dec. 31, 2005 |
Pct |
Revenue
|
Sales - Furniture |
$ 790,254.19 |
65.53 |
$ 790,254.19 |
65.53 |
|
Sales - Supplies |
287,185.56 |
23.82 |
287,185.56 |
23.82 |
|
Sales - Printing |
48,201.48 |
4.00 |
48,201.48 |
4.00 |
|
Sales - Forms |
43,324.54 |
3.59 |
43,324.54 |
3.59 |
|
Sales - Catalog |
28,148.91 |
2.33 |
28,148.91 |
2.33 |
|
Sales - Other |
8,758.24 |
0.73 |
8,758.24 |
0.73 |
|
Total Revenue |
1,205,872.92 |
100.00 |
1,205,872.92 |
100.00 |
Cost of Sales
|
Cost of Goods Sold |
679,307.21 |
56.33 |
679,307.21 |
56.33 |
|
Freight |
2,960.75 |
0.25 |
2,960.75 |
0.25 |
|
Total Cost of Sales |
682,267.96 |
56.58 |
682,267.96 |
56.58 |
|
Gross Profit |
523,604.96 |
43.42 |
523,604.96 |
43.42 |
Operating Expenses
|
Accounting |
6,395.00 |
0.53 |
6,395.00 |
0.53 |
|
Advertising |
16,839.50 |
1.40 |
16,839.50 |
1.40 |
|
Auto and Truck Expense |
10,567.48 |
0.88 |
10,567.48 |
0.88 |
|
Credit Card Fees |
5,608.27 |
0.47 |
5,608.27 |
0.47 |
|
Depreciation |
27,876.01 |
2.31 |
27,876.01 |
2.31 |
|
Interest |
28,517.97 |
2.36 |
28,517.97 |
2.36 |
|
Legal |
600.00 |
0.05 |
600.00 |
0.05 |
|
Miscellaneous |
20,328.02 |
1.69 |
20,328.02 |
1.69 |
|
Office Expense |
21,524.04 |
1.78 |
21,524.04 |
1.78 |
|
Rent |
4,000.00 |
0.33 |
4,000.00 |
0.33 |
|
Salaries - Officers |
56,375.00 |
4.68 |
56,375.00 |
4.68 |
|
Salaries and Wages |
57,484.43 |
4.77 |
57,484.43 |
4.77 |
|
Taxes - Payroll |
8,511.78 |
0.71 |
8,511.78 |
0.71 |
|
Telephone |
10,649.02 |
0.88 |
10,649.02 |
0.88 |
|
Utilities |
16,896.75 |
1.40 |
16,896.75 |
1.40 |
|
Warehouse Expense |
16,086.46 |
1.33 |
16,086.46 |
1.33 |
|
Total Expenses |
308,259.73 |
25.56 |
308,259.73 |
25.56 |
|
Operating Income |
215,345.23 |
17.86 |
215,345.23 |
17.86 |
|
Gain/Loss on Equipment Sales |
5,764.29 |
0.48 |
5,764.29 |
0.48 |
|
Total Other Income |
5,764.29 |
0.48 |
5,764.29 |
0.48 |
|
Net Income (Loss) |
$ 221,109.52 |
18.34 |
$ 221,109.52 |
18.34 |
AAAA SAMPLE RETAIL & SERVICE
CORPORATION
Income Statement
For the Period Ended December 31,
2005
| |
12 Months Ended |
|
| |
Dec. 31, 2005 |
Pct |
Revenue
|
Sales - Furniture |
$ 790,254.19 |
65.53 |
|
Sales - Supplies |
287,185.56 |
23.82 |
|
Sales - Printing |
48,201.48 |
4.00 |
|
Sales - Forms |
43,324.54 |
3.59 |
|
Sales - Catalog |
28,148.91 |
2.33 |
|
Sales - Other |
8,758.24 |
0.73 |
|
Total Revenue |
1,205,872.92 |
100.00 |
Cost of Sales
|
Cost of Goods Sold |
679,307.21 |
56.33 |
|
Freight |
2,960.75 |
0.25 |
|
Total Cost of Sales |
682,267.96 |
56.58 |
|
Gross Profit |
523,604.96 |
43.42 |
Operating Expenses
|
Accounting |
6,395.00 |
0.53 |
|
Advertising |
16,839.50 |
1.40 |
|
Auto and Truck Expense |
10,567.48 |
0.88 |
|
Credit Card Fees |
5,608.27 |
0.47 |
|
Depreciation |
27,876.01 |
2.31 |
|
Interest |
28,517.97 |
2.36 |
|
Legal |
600.00 |
0.05 |
|
Miscellaneous |
20,328.02 |
1.69 |
|
Office Expense |
21,524.04 |
1.78 |
|
Rent |
4,000.00 |
0.33 |
|
Salaries - Officers |
56,375.00 |
4.68 |
|
Salaries and Wages |
57,484.43 |
4.77 |
|
Taxes - Payroll |
8,511.78 |
0.71 |
|
Telephone |
10,649.02 |
0.88 |
|
Utilities |
16,896.75 |
1.40 |
|
Warehouse Expense |
16,086.46 |
1.33 |
|
Total Expenses |
308,259.73 |
25.56 |
|
Operating Income |
215,345.23 |
17.86 |
|
Gain/Loss on Equipment Sales |
5,764.29 |
0.48 |
|
Total Other Income |
5,764.29 |
0.48 |
|
Net Income (Loss) |
$ 221,109.52 |
18.34 |
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