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    S&N 2021 P&L

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    dogclantruckingllc

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    © All Rights Reserved
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    S&N 2021 P&L

    Uploaded by

    dogclantruckingllc
    2 views1 page

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    © © All Rights Reserved

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    2 views1 page

    S&N 2021 P&L

    Uploaded by

    dogclantruckingllc

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    JAMIL INVESTMENTS, INC

    D/B/A S & N PACKAGE STORE


    INCOME STATEMENT
    FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2021

    Year To Date
    Actual Percent

    INCOME
    SALES $ 3,356,245.92 107.4
    LOTTERY COMMISSION 5,914.00 0.2
    REBATES & DISCOUNTS 10,532.51 0.3
    INTEREST EARNED 56.01 0.0
    SALES TAX EXPENSE (247,627.42) (7.9)

    * TOTAL INCOME 3,125,121.02 100.0

    COST OF SALES
    PURCHASES 2,516,530.20 80.5
    CHANGE IN INVENTORY (62,117.00) (2.0)

    * TOTAL COST OF SALES 2,454,413.20 78.5

    * GROSS PROFIT 670,707.82 21.5

    OPERATING EXPENSES
    AUTO EXPENSE 6,328.00 0.2
    BANK CHARGES 959.76 0.0
    CONTRACT SERVICES 125.00 0.0
    CREDIT CARD FEES 57,230.48 1.8
    DEPRECIATION 1,336.00 0.0
    DONATION & CHARITY 650.00 0.0
    INSURANCE 6,189.00 0.2
    INVENTORY SERVICE 325.00 0.0
    JANITORIAL & CLEANING 1,700.00 0.1
    OFFICE EXPENSE 25.00 0.0
    PROFESSIONAL SERVICES 4,935.00 0.2
    RENT 55,500.00 1.8
    REPAIRS & MAINTENANCE 4,620.60 0.1
    SOFTWARE LEASING 708.00 0.0
    SALARY-EMPLOYEES 56,460.00 1.8
    SALARY-OFFICERS 48,000.00 1.5
    SECURITY 348.60 0.0
    TAXES & LICENSES 17,855.72 0.6
    TAXES-PAYROLL 8,362.00 0.3
    TELEPHONE 2,344.16 0.1
    UTILITIES 16,820.39 0.5

    * TOTAL OPERATING EXPENSES 290,822.71 9.3

    * NET OPERATING INC.(LOSS) 379,885.11 12.2

    * INCOME BEFORE TAXES 379,885.11 12.2

    * NET INCOME $ 379,885.11 12.2

    SEE ATTACHED REVIEW REPORT

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