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    Income Statement

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    Edrel Managase

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    © All Rights Reserved
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    Income Statement

    Uploaded by

    Edrel Managase
    3 views1 page

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    3 views1 page

    Income Statement

    Uploaded by

    Edrel Managase

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    SPS.

    EDUARDO & MARIBEL CAYAO


    Poblacion, Placer, Masbate
    STATEMENT OF COMPREHENSIVE INCOME
    FOR THE YEAR ENDED DECEMBER 31, 2023

    Notes EDUARDO CAYAO MARIBEL CAYAO TOTAL


    REVENUE ₱ 3,663,215.63 ₱ 15,682,362.59 ₱ 19,345,578.22
    Less: COST OF GOODS SOLD 3,8 2,342,052.00 13,956,607.14 16,298,659.14
    GROSS REVENUE ₱ 1,321,163.63 ₱ 1,725,755.45 ₱ 3,046,919.08

    Less: EXPENSES
    Salaries and Wages ₱ 696,000.00 ₱ 275,400.00 ₱ 971,400.00
    Professional Fees 55,500.00 55,500.00
    Supplies Expense 4,000.00 12,500.00 16,500.00
    Repairs and Maintenance 55,200.00 20,000.00 75,200.00
    Transportation and Travel 35,000.00 28,800.00 63,800.00
    Taxes, Permits and Licenses 3,8 113,352.59 436,847.64 550,200.23
    Depreciation Expenses 2,5 773,853.90 773,853.90
    Utilities 142,350.65 42,524.36 184,875.01
    TOTAL EXPENSES ₱ 1,045,903.24 ₱ 1,645,425.90 ₱ 2,691,329.14
    NET INCOME FROM OPERATION ₱ 275,260.39 ₱ 80,329.55 ₱ 355,589.94
    Add: NET COMPENSATION INCOME 253,089.69 253,089.69
    TOTAL NET INCOME ₱ 275,260.39 ₱ 333,419.24 ₱ 608,679.63
    See Notes to Financial Statements

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