Sales Percentage are based on peak season

Month Percentage
January 110%
February 110%
March 100%
April 100%
May 100%
June 100%
July 100%
August 100%
September 100%
October 120%
November 120%
December 125%

ASSUMPTIONS
Taxes and Licenses 3%
Advertising Expense 2%
Miscellaneous Expense 2%
Prinicipal Loan 1,500,000.00
Interest Rate 12%
Interest Expense 15,000.00
Income Tax Rate 30%
Output Tax 12%
Input Tax 12%
CASH COLLECTION
CASH SALES 30%
COLLECTED AFTER 30 DAYS 70%
PAYMENT SCHEDULE
CASH 40%
PAID AFTER 30 DAYS 60%

CASH BEGINNING BALANCE 500,000.00

Inventory 20%
 Annual Depreciation Table
Particular Cost Useful Life
Building 1,000,000.00 20
L300 Delivery Van 800,000.00 10
3 Motorcycle 450,000.00 5
Equipments:
2 Oven 140,000.00 5
2 Office computer 160,000.00 5
Generator 100,000.00 5
Fire extinguisher 12,000.00 2
2 Refrigerator 40,000.00 5
Tables and chairs 20,000.00 5
Dinner ware/cuttleries
/glassware/ Bakeware 50,000.00 5
2 Plastic Sealer 6,000.00 2
2 Mixers 30,000.00 5
Sheet Pan Racks 15,000.00 5
Display Case 45,000.00 5
Fruit and Vegetable Cutter 20,000.00 3
Wood top work Table 15,000.00 5
Total depreciation- Equipments 653,000.00
TOTAL DEPRECIATION 2,903,000.00
Depreciation Table
Salvage Value Annual DEPN EXP Monthly DEPN EXP
20,000.00 49,000.00 4,083.33
30,000.00 77,000.00 6,416.67
20,000.00 86,000.00 7,166.67

1,000.00 27,800.00 2,316.67

3,000.00 31,400.00 2,616.67
2,000.00 19,600.00 1,633.33
1,000.00 5,500.00 458.33
3,000.00 7,400.00 616.67
- 4,000.00 333.33

- 10,000.00 833.33
- 3,000.00 250.00
1,000.00 5,800.00 483.33
- 3,000.00 250.00
2,000.00 8,600.00 716.67
- 6,666.67 555.56
3,000.00 2,400.00 200.00
135,166.67 11,263.89
482,333.33 28,930.56
 Salaries and Wages Schedule
Name Position Hourly Rate Regular Hours Overtime Hours
Vince Hidalgo Manager 90 8 2
Gabo Villarica Warehouse Clerk 65 8 3
Riguel Alleje Accountant 100 8 0
Lily Cruz Cashier 70 8 0
Daniella Santos Baker 70 8 0
Romina Gonzales Baker 70 8 0
Robert Martinez Baker 70 8 0
Juan dela Cruz Baker 70 8 0
Renato Hipolito Baker 70 8 0
Cardo Dalisay Driver 65 8 0
Norman Quiatchon Driver 65 8 0
Gile Nangloy Driver 65 8 0
Jerald Calago Security 60 8 0
Dan Reid Security 60 8 0
Regular Salary Overtime Salary Gross Income Monthly Income
720.00 270 990.00 19,800.00
520.00 292.5 812.50 16,250.00
800.00 0 800.00 16,000.00
560.00 0 560.00 11,200.00
560.00 0 560.00 11,200.00
560.00 0 560.00 11,200.00
560.00 0 560.00 11,200.00
560.00 0 560.00 11,200.00
560.00 0 560.00 11,200.00
520.00 0 520.00 10,400.00
520.00 0 520.00 10,400.00
520.00 0 520.00 10,400.00
480.00 0 480.00 9,600.00
480.00 0 480.00 9,600.00
8,482.50 169,650.00
Product Cost Selling Price Projected Sales Units
Potato Chips 15.00 40.00 2,500
Banana Chips 15.00 40.00 2,500
Dried Mango Chips 30.00 60.00 2,500
Chocolate Cupcake 20.00 45.00 1,500
Cookies 60.00 90.00 1,500
Banana Cake 100.00 200.00 150
Sweet Potato Chips 15.00 40.00 200
TOTAL 255.00 515.00 10,850
 110% 110%
Cost of Sales Projected Sales January February
37,500.00 100,000.00 110,000.00 110,000.00
37,500.00 100,000.00 110,000.00 110,000.00
75,000.00 150,000.00 165,000.00 165,000.00
30,000.00 67,500.00 74,250.00 74,250.00
90,000.00 135,000.00 148,500.00 148,500.00
15,000.00 30,000.00 33,000.00 33,000.00
3,000.00 8,000.00 8,800.00 8,800.00
288,000.00 590,500.00 649,550.00 649,550.00
 100% 100% 100% 100%
March April May June
100,000.00 100,000.00 100,000.00 100,000.00
100,000.00 100,000.00 100,000.00 100,000.00
150,000.00 150,000.00 150,000.00 150,000.00
67,500.00 67,500.00 67,500.00 67,500.00
135,000.00 135,000.00 135,000.00 135,000.00
30,000.00 30,000.00 30,000.00 30,000.00
8,000.00 8,000.00 8,000.00 8,000.00
590,500.00 590,500.00 590,500.00 590,500.00
 100% 100% 100% 120%
July August September October
100,000.00 100,000.00 100,000.00 120,000.00
100,000.00 100,000.00 100,000.00 120,000.00
150,000.00 150,000.00 150,000.00 180,000.00
67,500.00 67,500.00 67,500.00 81,000.00
135,000.00 135,000.00 135,000.00 162,000.00
30,000.00 30,000.00 30,000.00 36,000.00
8,000.00 8,000.00 8,000.00 9,600.00
590,500.00 590,500.00 590,500.00 708,600.00
 120% 125%
November December
120,000.00 125,000.00
120,000.00 125,000.00
180,000.00 187,500.00
81,000.00 84,375.00
162,000.00 168,750.00
36,000.00 37,500.00
9,600.00 10,000.00
708,600.00 738,125.00 7,587,925.00
 Potato Chips Banana Chips
0.23 0.23
Selling Price 40.00 40.00
Variable Cost 2.90 2.90
Contribution Margin 37.10 37.10
Contribution Margin Weighted Average 8.55 8.55
CM ratio 0.21 0.21

Total Fixed Cost 272,212.84

BEP Sales 289,430.60

BEP units 5,283.43

Dried Mango Chips Chocolate Cupcake Cookies Banana Cake
0.23 0.14 0.14 0.01
60.00 45.00 90.00 200.00
2.90 2.90 2.90 2.90
57.10 42.10 87.10 197.10
13.16 5.82 12.04 2.72
0.22 0.13 0.13 0.01
Mango Graham Cake
0.02
40.00
2.90
37.10
0.68 51.52
0.02 0.94
 Schedule of Input Tax
January February March April
Sales 649,550.00 649,550.00 590,500.00 590,500.00
Vat Output 77,946.00 77,946.00 77,946.00 77,946.00
Expenses:
Utilities Expense 12,000.00 12,000.00 12,000.00 12,000.00
Interest Expense 15,000.00 15,000.00 15,000.00 15,000.00
Advertising Expense 12,991.00 12,991.00 11,810.00 11,810.00
Taxes and Licenses 19,486.50 19,486.50 17,715.00 17,715.00
Legal Expense 5,000.00 - - -
Supplies Expense 10,000.00 10,000.00 10,000.00 10,000.00
Miscellaneous Expense 12,991.00 12,991.00 11,810.00 11,810.00
Purchases 345,600.00 288,000.00 288,000.00 288,000.00
TOTAL 433,068.50 370,468.50 366,335.00 366,335.00

vat input 51,968.22 44,456.22 43,960.20 43,960.20

vat payable 25,977.78 33,489.78 33,985.80 33,985.80
May June July August September October
590,500.00 590,500.00 590,500.00 590,500.00 590,500.00 708,600.00
77,946.00 77,946.00 77,946.00 77,946.00 77,946.00 77,946.00

12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00

15,000.00 15,000.00 15,000.00 15,000.00 15,000.00 15,000.00
11,810.00 11,810.00 11,810.00 11,810.00 11,810.00 14,172.00
17,715.00 17,715.00 17,715.00 17,715.00 17,715.00 21,258.00
- - - - - -
10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
11,810.00 11,810.00 11,810.00 11,810.00 11,810.00 14,172.00
288,000.00 288,000.00 288,000.00 288,000.00 288,000.00 288,000.00
366,335.00 366,335.00 366,335.00 366,335.00 366,335.00 374,602.00

43,960.20 43,960.20 43,960.20 43,960.20 43,960.20 44,952.24

33,985.80 33,985.80 33,985.80 33,985.80 33,985.80 32,993.76
November December
708,600.00 738,125.00
77,946.00 77,946.00

12,000.00 12,000.00
15,000.00 15,000.00
14,172.00 14,762.50
21,258.00 22,143.75
- -
10,000.00 10,000.00
14,172.00 14,762.50
288,000.00 288,000.00
374,602.00 376,668.75

44,952.24 45,200.25
32,993.76 32,745.75 396,101.43
 Chips and Pastries Company
Projected Statement Of Financial Performance
For the Year Ended December 31, 2020
January February March April
Sales 649,550.00 649,550.00 590,500.00 590,500.00
Less: Cost of Sales 288,000.00 288,000.00 288,000.00 288,000.00
Gross income 361,550.00 361,550.00 302,500.00 302,500.00
Less: Expenses
Salaries and Wages Expense 169,650.00 169,650.00 169,650.00 169,650.00
Utilities Expense 12,000.00 12,000.00 12,000.00 12,000.00
Interest Expense 15,000.00 15,000.00 15,000.00 15,000.00
Advertising Expense 12,991.00 12,991.00 11,810.00 11,810.00
Taxes and Licenses 19,486.50 19,486.50 17,715.00 17,715.00
Legal Expense 5,000.00 - - -
Supplies Expense 10,000.00 10,000.00 10,000.00 10,000.00
Depreciation Expense 28,930.56 28,930.56 28,930.56 28,930.56
Miscellaneous Expense 12,991.00 12,991.00 11,810.00 11,810.00
Total Expense 286,049.06 281,049.06 276,915.56 276,915.56
Income Before Tax 75,500.94 80,500.94 25,584.44 25,584.44
Tax Expense 22,650.28 22,650.28 22,650.28 22,650.28
Net Income 52,850.66 57,850.66 2,934.16 2,934.16
May June July August September October
590,500.00 590,500.00 590,500.00 590,500.00 590,500.00 708,600.00
288,000.00 288,000.00 288,000.00 288,000.00 288,000.00 288,000.00
302,500.00 302,500.00 302,500.00 302,500.00 302,500.00 420,600.00

169,650.00 169,650.00 169,650.00 169,650.00 169,650.00 169,650.00

12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00
15,000.00 15,000.00 15,000.00 15,000.00 15,000.00 15,000.00
11,810.00 11,810.00 11,810.00 11,810.00 11,810.00 14,172.00
17,715.00 17,715.00 17,715.00 17,715.00 17,715.00 21,258.00
- - - - - -
10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
28,930.56 28,930.56 28,930.56 28,930.56 28,930.56 28,930.56
11,810.00 11,810.00 11,810.00 11,810.00 11,810.00 14,172.00
276,915.56 276,915.56 276,915.56 276,915.56 276,915.56 285,182.56
25,584.44 25,584.44 25,584.44 25,584.44 25,584.44 135,417.44
22,650.28 22,650.28 22,650.28 22,650.28 22,650.28 22,650.28
2,934.16 2,934.16 2,934.16 2,934.16 2,934.16 112,767.16
November December
708,600.00 738,125.00 7,587,925.00
288,000.00 288,000.00 3,456,000.00
420,600.00 450,125.00 4,131,925.00

169,650.00 169,650.00 2,035,800.00

12,000.00 12,000.00 144,000.00
15,000.00 15,000.00 180,000.00
14,172.00 14,762.50 151,758.50
21,258.00 22,143.75 227,637.75
- - 5,000.00
10,000.00 10,000.00 120,000.00
28,930.56 28,930.56 347,166.67
14,172.00 14,762.50 151,758.50
285,182.56 287,249.31 3,363,121.42
135,417.44 162,875.69 768,803.58
22,650.28 22,650.28 271,803.40
112,767.16 140,225.41 497,000.18
List of expenses: FIXED VARIABLE
Salaries and Wages Expense Fixed 169,650.00
Utilities Expense Variable 12,000.00
Interest Expense Fixed 15,000.00
Advertising Expense Fixed 12,991.00
Taxes and Licenses Variable 19,486.50
Supplies Expense Fixed 10,000.00
Depreciation Expense Fixed 28,930.56
Miscellaneous Expense Fixed 12,991.00
Tax Expense Fixed 22,650.28
Total 272,212.84 31,486.50
 Chips and Pastries Company
Projected Income Statement

Sales 1,889,600.00
Less: Cost of Sales 864,000.00
Gross income 1,025,600.00
Less: Expenses
Salaries and Wages Expense 508,950.00
Utilities Expense 36,000.00
Interest Expense 45,000.00
Advertising Expense 37,792.00
Taxes and Licenses 56,688.00
Legal Expense 5,000.00
Supplies Expense 30,000.00
Depreciation Expense 86,791.67
Miscellaneous Expense 37,792.00
Total Expense 844,013.67
Income Before Tax 181,586.33
Tax Expense 54,475.90
Net Income 127,110.43
 Chips and Pastries Company
Projected Income Statement

Sales 3,661,100.00
Less: Cost of Sales 1,728,000.00
Gross income 1,933,100.00
Less: Expenses
Salaries and Wages Expense 1,017,900.00
Utilities Expense 72,000.00
Interest Expense 90,000.00
Advertising Expense 73,222.00
Taxes and Licenses 109,833.00
Legal Expense 5,000.00
Supplies Expense 60,000.00
Depreciation Expense 173,583.33
Miscellaneous Expense 73,222.00
Total Expense 1,674,760.33
Income Before Tax 258,339.67
Tax Expense 77,501.90
Net Income 180,837.77
 JANUARY FEBRUARY MARCH
SALES 649,550.00 649,550.00 590,500.00
CASH SALES 194,865.00 194,865.00 177,150.00
COLLECTED AFTER 30 DAYS 454,685.00 454,685.00
TOTAL COLLECTION 194,865.00 649,550.00 631,835.00

CASH BEGINNING 500,000.00 556,625.00 626,496.50

ADD: TOTAL COLLECTIONS 194,865.00 649,550.00 631,835.00
TOTAL FUNDS AVAILABLE 694,865.00 1,206,175.00 1,258,331.50
LESS: TOTAL CASH DISBURSEMENT 138,240.00 579,678.50 540,118.50
CASH BALANCE ENDING 556,625.00 626,496.50 718,213.00
 CASH COLLECTION

APRIL MAY JUNE JULY AUGUST

590,500.00 590,500.00 590,500.00 590,500.00 590,500.00
177,150.00 177,150.00 177,150.00 177,150.00 177,150.00
413,350.00 413,350.00 413,350.00 413,350.00 413,350.00
590,500.00 590,500.00 590,500.00 590,500.00 590,500.00

718,213.00 772,728.00 827,243.00 881,758.00 936,273.00

590,500.00 590,500.00 590,500.00 590,500.00 590,500.00
1,308,713.00 1,363,228.00 1,417,743.00 1,472,258.00 1,526,773.00
535,985.00 535,985.00 535,985.00 535,985.00 535,985.00
772,728.00 827,243.00 881,758.00 936,273.00 990,788.00
SEPTEMBER OCTOBER NOVEMBER DECEMBER
590,500.00 708,600.00 708,600.00 738,125.00
177,150.00 212,580.00 212,580.00 221,437.50
413,350.00 413,350.00 496,020.00 496,020.00
590,500.00 625,930.00 708,600.00 717,457.50

990,788.00 1,045,303.00 1,135,248.00 1,299,596.00

590,500.00 625,930.00 708,600.00 717,457.50
1,581,288.00 1,671,233.00 1,843,848.00 2,017,053.50
535,985.00 535,985.00 544,252.00 544,252.00
1,045,303.00 1,135,248.00 1,299,596.00 1,472,801.50
 Cash Land Building
Acquired Land (1,000,000.00) 1,000,000.00
Acquired Building 1,500,000.00
sub
Notes Payable o/s

(1,500,000.00)
 COST O

JANUARY FEBRURARY MARCH

COST OF SALES 288,000.00 288,000.00 288,000.00
ADD: REQUIRED INVENTORY 57,600.00 57,600.00 57,600.00
TOTAL REQUIREMENTS 345,600.00 345,600.00 345,600.00
BEGINNING INVENTORY 57,600.00 57,600.00
BUDGETED PURCHASES 345,600.00 288,000.00 288,000.00

PAYMENT IN CASH 138,240.00 115,200.00 115,200.00

PAID AFTER 30 DAYS 207,360.00 172,800.00
TOTAL PURCHASE PAYMENT 138,240.00 322,560.00 288,000.00

Salaries and Wages Expense 169,650.00 169,650.00 169,650.00

Utilities Expense 12,000.00 12,000.00 12,000.00
Interest Expense 15,000.00 15,000.00 15,000.00
Advertising Expense 12,991.00 12,991.00 11,810.00
Taxes and Licenses 19,486.50 19,486.50 17,715.00
Legal Expense 5,000.00 - -
Supplies Expense 10,000.00 10,000.00 10,000.00
Miscellaneous Expense 12,991.00 12,991.00 11,810.00
TOTAL EXPENSES 257,118.50 252,118.50 247,985.00
EXPENSES PAID 257,118.50 252,118.50
TOTAL CASH DISBURSEMENT 138,240.00 579,678.50 540,118.50
 COST OF GOODS SOLD SCHEDULE/ INVENTORY

APRIL MAY JUNE JULY AUGUST

288,000.00 288,000.00 288,000.00 288,000.00 288,000.00
57,600.00 57,600.00 57,600.00 57,600.00 57,600.00
345,600.00 345,600.00 345,600.00 345,600.00 345,600.00
57,600.00 57,600.00 57,600.00 57,600.00 57,600.00
288,000.00 288,000.00 288,000.00 288,000.00 288,000.00

CASH DISBURSEMENT SCHEDULE

115,200.00 115,200.00 115,200.00 115,200.00 115,200.00
172,800.00 172,800.00 172,800.00 172,800.00 172,800.00
288,000.00 288,000.00 288,000.00 288,000.00 288,000.00

169,650.00 169,650.00 169,650.00 169,650.00 169,650.00

12,000.00 12,000.00 12,000.00 12,000.00 12,000.00
15,000.00 15,000.00 15,000.00 15,000.00 15,000.00
11,810.00 11,810.00 11,810.00 11,810.00 11,810.00
17,715.00 17,715.00 17,715.00 17,715.00 17,715.00
- - - - -
10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
11,810.00 11,810.00 11,810.00 11,810.00 11,810.00
247,985.00 247,985.00 247,985.00 247,985.00 247,985.00
247,985.00 247,985.00 247,985.00 247,985.00 247,985.00
535,985.00 535,985.00 535,985.00 535,985.00 535,985.00
SEPTEMBER OCTOBER NOVEMBER DECEMBER
288,000.00 288,000.00 288,000.00 288,000.00
57,600.00 57,600.00 57,600.00 57,600.00
345,600.00 345,600.00 345,600.00 345,600.00
57,600.00 57,600.00 57,600.00 57,600.00
288,000.00 288,000.00 288,000.00 288,000.00

115,200.00 115,200.00 115,200.00 115,200.00

172,800.00 172,800.00 172,800.00 172,800.00
288,000.00 288,000.00 288,000.00 288,000.00

169,650.00 169,650.00 169,650.00 169,650.00

12,000.00 12,000.00 12,000.00 12,000.00
15,000.00 15,000.00 15,000.00 15,000.00
11,810.00 14,172.00 14,172.00 14,762.50
17,715.00 21,258.00 21,258.00 22,143.75
- - - -
10,000.00 10,000.00 10,000.00 10,000.00
11,810.00 14,172.00 14,172.00 14,762.50
247,985.00 256,252.00 256,252.00 258,318.75
247,985.00 247,985.00 256,252.00 256,252.00
535,985.00 535,985.00 544,252.00 544,252.00
 Chips and Pastries Company
Projected Financial Statement
As of December 31, 2020

ASSET
Current Assets:
Cash 1,472,801.50
Accounts Receivable 496,020.00
Inventory 57,600.00
Total Current Assets 2,026,421.50
Land 1,500,000.00
Building 1,000,000.00
Accumulated Depreciation- Building (49,000.00)
Delivery Van 800,000.00
Accumulated Depreciation- Delivery Van (77,000.00)
Motorcycle 450,000.00
Accumulated Depreciation- Motorcycle (86,000.00)
Equipments:
Oven 140,000.00
Office computer 160,000.00
Generator 100,000.00
Fire extinguisher 12,000.00
Refrigerator 40,000.00
Tables and chairs 20,000.00
Dinner ware/cuttleries
/glassware/ Bakeware 50,000.00
Plastic Sealer 6,000.00
Mixers 30,000.00
Sheet Pan Racks 15,000.00
Display Case 45,000.00
Fruit and Vegetable Cutter 20,000.00
Wood top work Table 15,000.00
Accumulated Depreciation- Equipments (135,166.67)
Total Non-Current Assets 1,555,833.33
Total Assets 3,582,254.83

LIABILITIES
Accounts Payable 172,800.00
Vat Payable 396,101.43
Loans Payable 1,500,000.00
Total Liabilities 2,068,901.43
EQUITY
Capital -
Retained Earnings -
Total Equity -
TOTAL LIABILITIES AND EQUITY 2,068,901.43
1,513,353.40
 Cash
1. Issued share capital 2,000,000.00
2. Acquired Building (500,000.00)
3. Delivery Vehicle
Building Delivery vehicle

1,000,000.00
800,000.00
Accounts payable

(500,000.00)
(800,000.00)
Share Capital
2,000,000.00
 Chips and Pastries Company
Projected Income Statement

Sales 7,587,925.00
Less: Cost of Sales 3,456,000.00
Gross income 4,131,925.00
Less: Expenses
Salaries and Wages Expense 2,035,800.00
Utilities Expense 144,000.00
Interest Expense 180,000.00
Advertising Expense 151,758.50
Taxes and Licenses 227,637.75
Legal Expense 5,000.00
Supplies Expense 120,000.00
Depreciation Expense 347,166.67
Miscellaneous Expense 151,758.50
Total Expense 3,363,121.42
Income Before Tax 768,803.58
Tax Expense 230,641.08
Net Income 538,162.51
 Chips and Pastries Company
Projected Financial Statement
As of December 31, 2020
ASSET January February March
Current Assets:
Cash 556,625.00 626,496.50 718,213.00
Accounts Receivable 454,685.00 454,685.00 413,350.00
Merchandise Inventory 57,600.00 57,600.00 57,600.00
Total Current Assets 1,068,910.00 1,138,781.50 1,189,163.00
Building 1,000,000.00 995,916.67 991,833.33
Accumulated Depreciation- Building (4,083.33) (4,083.33) (4,083.33)
Delivery Van 800,000.00 793,583.33 787,166.67
Accumulated Depreciation- Delivery Van (6,416.67) (6,416.67) (6,416.67)
Motorcycle 450,000.00 442,833.33 435,666.67
Accumulated Depreciation- Motorcycle (7,166.67) (7,166.67) (7,166.67)
Equipments:
Oven 140,000.00 137,683.33 135,366.67
Office computer 160,000.00 157,383.33 154,766.67
Generator 100,000.00 98,366.67 96,733.33
Fire extinguisher 12,000.00 11,541.67 11,083.33
Refrigerator 40,000.00 39,383.33 38,766.67
Tables and chairs 20,000.00 19,666.67 19,333.33
Dinner ware/cuttleries
/glassware/ Bakeware 50,000.00 49,166.67 48,333.33
Plastic Sealer 6,000.00 5,750.00 5,500.00
Mixers 30,000.00 29,516.67 29,033.33
Sheet Pan Racks 15,000.00 14,750.00 14,500.00
Display Case 45,000.00 44,283.33 43,566.67
Fruit and Vegetable Cutter 20,000.00 19,444.44 18,888.89
Wood top work Table 15,000.00 14,800.00 14,600.00
Accumulated Depreciation- Equipments (11,263.89) (11,263.89) (11,263.89)
Total Non-Current Assets 2,874,069.44 2,845,138.89 2,816,208.33
Total Assets 3,942,979.44 3,983,920.39 4,005,371.33

LIABILITIES
Current Liabilities:
Accounts Payable - 207,360.00 172,800.00
Vat Payable 25,977.78 33,489.78 33,985.80
Loans Payable
EQUITY
Capital
Retained Earnings
April May June July August

772,728.00 827,243.00 881,758.00 936,273.00 990,788.00

413,350.00 413,350.00 413,350.00 413,350.00 413,350.00
57,600.00 57,600.00 57,600.00 57,600.00 57,600.00
1,243,678.00 1,298,193.00 1,352,708.00 1,407,223.00 1,461,738.00
987,750.00 983,666.67 979,583.33 975,500.00 971,416.67
(4,083.33) (4,083.33) (4,083.33) (4,083.33) (4,083.33)
780,750.00 774,333.33 767,916.67 761,500.00 755,083.33
(6,416.67) (6,416.67) (6,416.67) (6,416.67) (6,416.67)
428,500.00 421,333.33 414,166.67 407,000.00 399,833.33
(7,166.67) (7,166.67) (7,166.67) (7,166.67) (7,166.67)

133,050.00 130,733.33 128,416.67 126,100.00 123,783.33

152,150.00 149,533.33 146,916.67 144,300.00 141,683.33
95,100.00 93,466.67 91,833.33 90,200.00 88,566.67
10,625.00 10,166.67 9,708.33 9,250.00 8,791.67
38,150.00 37,533.33 36,916.67 36,300.00 35,683.33
19,000.00 18,666.67 18,333.33 18,000.00 17,666.67

47,500.00 46,666.67 45,833.33 45,000.00 44,166.67

5,250.00 5,000.00 4,750.00 4,500.00 4,250.00
28,550.00 28,066.67 27,583.33 27,100.00 26,616.67
14,250.00 14,000.00 13,750.00 13,500.00 13,250.00
42,850.00 42,133.33 41,416.67 40,700.00 39,983.33
18,333.33 17,777.78 17,222.22 16,666.67 16,111.11
14,400.00 14,200.00 14,000.00 13,800.00 13,600.00
(11,263.89) (11,263.89) (11,263.89) (11,263.89) (11,263.89)
2,787,277.78 2,758,347.22 2,729,416.67 2,700,486.11 2,671,555.56
4,030,955.78 4,056,540.22 4,082,124.67 4,107,709.11 4,133,293.56

172,800.00 172,800.00 172,800.00 172,800.00 172,800.00

33,985.80 33,985.80 33,985.80 33,985.80 33,985.80
September October November December

1,045,303.00 1,135,248.00 1,299,596.00 1,472,801.50

413,350.00 496,020.00 496,020.00 496,020.00
57,600.00 57,600.00 57,600.00 57,600.00
1,516,253.00 1,688,868.00 1,853,216.00 2,026,421.50
967,333.33 963,250.00 959,166.67 955,083.33
(4,083.33) (4,083.33) (4,083.33) (4,083.33)
748,666.67 742,250.00 735,833.33 729,416.67
(6,416.67) (6,416.67) (6,416.67) (6,416.67)
392,666.67 385,500.00 378,333.33 371,166.67
(7,166.67) (7,166.67) (7,166.67) (7,166.67)

121,466.67 119,150.00 116,833.33 114,516.67

139,066.67 136,450.00 133,833.33 131,216.67
86,933.33 85,300.00 83,666.67 82,033.33
8,333.33 7,875.00 7,416.67 6,958.33
35,066.67 34,450.00 33,833.33 33,216.67
17,333.33 17,000.00 16,666.67 16,333.33

43,333.33 42,500.00 41,666.67 40,833.33

4,000.00 3,750.00 3,500.00 3,250.00
26,133.33 25,650.00 25,166.67 24,683.33
13,000.00 12,750.00 12,500.00 12,250.00
39,266.67 38,550.00 37,833.33 37,116.67
15,555.56 15,000.00 14,444.44 13,888.89
13,400.00 13,200.00 13,000.00 12,800.00
(11,263.89) (11,263.89) (11,263.89) (11,263.89)
2,642,625.00 2,613,694.44 2,584,763.89 2,555,833.33
4,158,878.00 4,302,562.44 4,437,979.89 4,582,254.83

172,800.00 172,800.00 172,800.00 172,800.00

33,985.80 32,993.76 32,993.76 32,745.75