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Brown-Bagger Paper Company, Inc. Income Statement As Of: 2011 Jan Feb Mar Apr May

The document provides income statement and balance sheet information for Brown-Bagger Paper Company for January through December 2011. It shows that over the year, the company increased its net income from $39,131 in January to $27,790 in November and $11,240 in December. Total net income for 2011 was $330,864. The company also increased its total assets from $680,500 in January to $976,098 in December, with its cash balance rising from $127,064 to $579,039 over the same period.

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Kylie Tarnate
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82 views9 pages

Brown-Bagger Paper Company, Inc. Income Statement As Of: 2011 Jan Feb Mar Apr May

The document provides income statement and balance sheet information for Brown-Bagger Paper Company for January through December 2011. It shows that over the year, the company increased its net income from $39,131 in January to $27,790 in November and $11,240 in December. Total net income for 2011 was $330,864. The company also increased its total assets from $680,500 in January to $976,098 in December, with its cash balance rising from $127,064 to $579,039 over the same period.

Uploaded by

Kylie Tarnate
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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BROWN-BAGGER PAPER

INCOME STATE
AS OF
Jan

Feb

Mar

Apr

600,000 $
288,000

606,000 $
290,880

612,060 $
293,789

618,181 $
296,727

624,363
299,694

Gross Margin

312,000

315,120

318,271

321,454

324,669

Operating Expenses:
Salaries
Benefits
Rent Expense
Depreciation
Interest Expense
Bad Debts Expense
Insurance Expense
Travel & Entertainment
Other

132,000
43,560
15,000
37,000
5,810
9,000
12,796
5,640
1,250

133,320
43,996
15,075
25,000
25,484
9,090
12,809
5,696
1,400

134,653
44,435
15,980
25,000
26,744
9,181
12,822
5,753
1,568

136,000
44,880
16,939
25,000
26,177
9,273
12,835
5,811
1,756

137,360
45,329
17,955
25,000
25,604
9,365
12,849
5,869
1,967

Total Expenses

262,056

271,870

276,136

278,671

281,298

Income before Taxes

49,944

43,250

42,135

42,783

43,371

Provision for Income Taxes

10,813

10,813

10,534

10,696

10,843

39,131 $

32,437 $

31,601 $

32,087 $

32,528

Sales
Cost of Sales

Net Income

May

BROWN-BAGGER PAPER COMP


BALANCE SHEET
AS OF
Jan

Feb

Mar

Apr

127,064 $
100,000
72,000

181,186 $
101,000
72,720

235,326 $
102,010
73,447

289,894 $
103,030
74,182

344,841
104,061
74,924

299,064

354,906

410,783

467,106

523,826

422,936
41,500

445,878
66,500

445,860
91,500

445,432
116,500

445,053
141,500

381,436

379,378

354,360

328,932

303,553

Total Assets

680,500

734,284

765,143

796,038

827,379

Current Liabilities:
Accounts Payables
Accrued Liabilities
Income Taxes Payable

144,000
112,528
10,813

145,440
123,435
10,813

146,894
125,568
10,534

148,363
126,836
10,696

149,847
128,149
10,843

267,341

279,688

282,996

285,895

288,839

Long-Term Liabilities:
Notes Payable

182,028

191,028

186,978

182,887

178,756

Shareholders' Equity:
Capital Stock
Retained Earnings

160,000
71,131

160,000
103,568

160,000
135,169

160,000
167,256

160,000
199,784

231,131

263,568

295,169

327,256

359,784

680,500 $

734,284 $

765,143 $

796,038 $

827,379

Current Assets:
Cash
Accounts Receivable
Inventory

Total Current Assets


Property, Plant & Equipment:
Furniture-Fixtures
Accumulated Depreciation
Property, Plant & Equipment, net

Total Current Liabilities

Total Shareholders' Equity


Total Liabilities &
Shareholders' Equity

May

BROWN-BAGGER PAPER
STATEMENT OF CAS
AS OF

Cash Flows from Operating Activities:


Cash received from customers
Cash disbursed for oper activities

Net Cash Prov by Oper Activities

Jan

Feb

Mar

Apr

May

614,000 $
536,936

607,000 $
552,878

613,070 $
558,930

619,201 $
564,633

625,394
570,447

77,064

54,122

54,140

54,568

54,947

Net Increase (Decrease) in Cash

77,064

54,122

54,140

54,568

54,947

Cash - Beginning

50,000

127,064

181,186

235,326

289,894

181,186 $

235,326 $

289,894 $

344,841

Cash Flows from Invest Activities:


Purchase of Furniture-Fixtures

Cash - Ending

127,064 $

BROWN-BAGGER PAPER COMPANY, INC.


INCOME STATEMENT
AS OF

BROWN-BAGGER PAPER
INCOME STATE
AS OF

2011
Jun

Jul

Aug

Sep

Oct

630,607 $
302,691

636,913 $
305,718

643,282 $
308,775

649,715 $
311,863

656,212
314,982

Gross Margin

327,916

331,195

334,507

337,852

341,230

Operating Expenses:
Salaries
Benefits
Rent Expense
Depreciation
Interest Expense
Bad Debts Expense
Insurance Expense
Travel & Entertainment
Other

138,734
45,782
19,032
25,000
25,026
9,459
12,862
5,928
2,203

140,121
46,240
20,174
56,000
24,442
9,554
15,036
5,987
2,467

141,522
46,702
21,384
31,000
23,852
9,649
15,049
6,047
2,763

142,937
47,169
22,667
31,000
23,256
9,746
15,063
6,107
3,095

144,367
47,641
24,027
31,000
22,654
9,843
15,077
6,168
3,466

Total Expenses

284,026

320,021

297,968

301,040

304,243

Income before Taxes

43,890

11,174

36,539

36,812

36,987

Provision for Income Taxes

10,973

2,794

9,135

9,203

9,247

32,917 $

8,380 $

Sales
Cost of Sales

Net Income

27,404 $

27,609 $

27,740

BROWN-BAGGER PAPER COMPANY, INC.


BALANCE SHEET
AS OF
Jun
Current Assets:
Cash
Accounts Receivable
Inventory

2011
Jul

BROWN-BAGGER PAPER COMP


BALANCE SHEET
AS OF
Aug

Sep

Oct

279,031 $
105,101
75,673

340,695 $
106,152
76,430

396,309 $
107,214
77,194

452,050 $
108,286
77,966

507,838
109,369
78,746

459,805

523,277

580,717

638,302

695,953

565,810
166,500

558,336
222,500

564,386
253,500

564,259
284,500

564,212
315,500

399,310

335,836

310,886

279,759

248,712

Total Assets

859,115

859,113

891,603

918,061

944,665

Current Liabilities:
Accounts Payables
Accrued Liabilities
Income Taxes Payable

151,345
129,513
10,973

152,859
132,011
2,794

154,387
133,484
9,135

155,931
135,020
9,203

157,491
136,622
9,247

291,831

287,664

297,006

300,154

303,360

Long-Term Liabilities:
Notes Payable

174,583

170,368

166,112

161,813

157,471

Shareholders' Equity:
Capital Stock
Retained Earnings

160,000
232,701

160,000
241,081

160,000
268,485

160,000
296,094

160,000
323,834

392,701

401,081

428,485

456,094

483,834

859,115 $

859,113 $

891,603 $

918,061 $

944,665

Total Current Assets


Property, Plant & Equipment:
Furniture-Fixtures
Accumulated Depreciation
Property, Plant & Equipment, net

Total Current Liabilities

Total Shareholders' Equity


Total Liabilities &
Shareholders' Equity

BROWN-BAGGER PAPER COMPANY, INC.


STATEMENT OF CASH FLOWS
AS OF

BROWN-BAGGER PAPER
STATEMENT OF CAS
AS OF

2011

Cash Flows from Operating Activities:


Cash received from customers
Cash disbursed for oper activities

Net Cash Prov by Oper Activities

Jun

Jul

Aug

Sep

Oct

631,647 $
577,457

637,964 $
576,300

644,344 $
588,730

650,787 $
595,046

657,295
601,507

54,190

61,664

55,614

55,741

55,788

Cash Flows from Invest Activities:


Purchase of Furniture-Fixtures

120,000

Net Increase (Decrease) in Cash

(65,810)

61,664

55,614

55,741

55,788

Cash - Beginning

344,841

279,031

340,695

396,309

452,050

279,031 $

340,695 $

396,309 $

452,050 $

507,838

Cash - Ending

MPANY, INC.
ENT

BROWN-BAG
INC

2011

Total
for 2011

Nov

Dec

662,774 $
318,132

669,402 $ 7,609,509
321,313
3,652,564

Gross Margin

344,642

348,089

3,956,945

Operating Expenses:
Salaries
Benefits
Rent Expense
Depreciation
Interest Expense
Bad Debts Expense
Insurance Expense
Travel & Entertainment
Other

145,810
48,117
25,469
31,000
22,046
9,942
15,092
6,230
3,882

147,268
48,598
26,997
52,750
21,432
10,041
15,376
6,292
4,348

1,674,092
552,449
240,699
394,750
272,527
114,143
167,666
71,528
30,165

Total Expenses

307,588

333,102

3,518,019

37,054

14,987

438,926

9,264

3,747

108,062

11,240

330,864

Sales
Cost of Sales

Income before Taxes


Provision for Income Taxes
Net Income

27,790 $

NY, INC.

BROWN-BAGGER P
BALAN
A

2011
Nov

Dec

548,453 $
110,462
79,533

579,039
111,567
80,328

738,448

770,934

579,385
346,500

604,414
399,250

232,885

205,164

Total Assets

971,333

976,098

Current Liabilities:
Accounts Payables
Accrued Liabilities
Income Taxes Payable

159,066
138,294
9,264

160,656
140,176
3,747

306,624

304,579

Long-Term Liabilities:
Notes Payable

153,085

148,655

Shareholders' Equity:
Capital Stock
Retained Earnings

160,000
351,624

160,000
362,864

511,624

522,864

971,333 $

976,098

Current Assets:
Cash
Accounts Receivable
Inventory

Total Current Assets


Property, Plant & Equipment:
Furniture-Fixtures
Accumulated Depreciation
Property, Plant & Equipment, net

Total Current Liabilities

Total Shareholders' Equity


Total Liabilities &
Shareholders' Equity

MPANY, INC.
FLOWS

BROWN-BAG
STATEM

2011

Cash Flows from Operating Activities:


Cash received from customers
Cash disbursed for oper activities

Net Cash Prov by Oper Activities

Total
for 2011

Nov

Dec

663,867 $
608,252

670,507 $ 7,635,076
609,921
6,941,037

55,615

60,586

694,039

Cash Flows from Invest Activities:


Purchase of Furniture-Fixtures

15,000

30,000

165,000

Net Increase (Decrease) in Cash

40,615

30,586

529,039

507,838

548,453

50,000

548,453 $

579,039 $

Cash - Beginning
Cash - Ending

579,039

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