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  JOHNSON RETAIL & SERVICE CORPORATION

Balance Sheet

December 31, 2015

           

 

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 520.8
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 Equity   539,278.05
Total Liabilities & Equity $982,749.96
JOHNSONSAMPLE RETAIL & SERVICE CORPORATION  
                            
Income Statement
                     For the Period Ended December 31, 2015
12 Months Ended  12 Months Ended 
Dec. 31, 2015  Pct  Dec. 31, 2015  Pct 
Revenue
Sales - Furniture $790,254.19 65.53 ######## 65.53
Sales - Supplies 287,185.56 23.82 ######## 23.82
Sales - Printing 48,201.48 4 48,201.48 4
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 ######## 100
Cost of Sales
Cost of Goods Sold 679,307.21 56.33 ######## 56.33
Freight 2,960.75 0.25 2,960.75 0.25
Total Cost of Sales 682,267.96 56.58 ######## 56.58
Gross Profit 523,604.96 43.42 ######## 43.42
Operating Expenses
Accounting 6,395.00 0.53 6,395.00 0.53
Advertising 16,839.50 1.4 16,839.50 1.4
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 0.05 600 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 1.4 16,896.75 1.4
Warehouse Expense 16,086.46 1.33 16,086.46 1.33
Total Expenses 308,259.73 25.56 ######## 25.56
Operating Income 215,345.23 17.86 ######## 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 ######## 18.34
                         
JOHNSON SAMPLE RETAIL & SERVICE CORPORATION
                    
Income Statement
                             For the Period Ended December 31, 2015
  12 Months Ended 
    Dec. 31, 2015  Pct 
Revenue
Sales - Furniture     $790,254.19 65.53
Sales - Supplies     287,185.56 23.82
Sales - Printing     48,201.48 4
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
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 1.4
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 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 1.4
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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