INCOME STATEMENT:

Years 2018 2019 2020

Income Statement
Gross sales Php576,000.00 Php624,000.00 Php720,000.00
Expenses Php469,644.00 Php496,152.00 Php590,196.00
Net Income Php106,356.00 Php127,848.00 Php129,804.00

SALES
Unit 57600 62400 72000
Price 10.00 10.00 10.00
Total Php576,000.00 Php624,000.00 Php720,000.00

EXPENSES:
UTILITIES EXPENSE 53,400.00 57,300.00 60,036.00
SALARIES EXPENSE 137,700.00 137,700.00 183,600.00
MARKETING EXPENSE 6,000.00 6,000.00 6,000.00
SUPPLIES EXPENSE 272,544.00 295,152.00 340,560.00
TOTAL 469,644.00 496,152.00 590,196.00
 2021 2022

Php816,000.00 Php936,000.00
Php638,928.00 Php747,888.00
Php177,072.00 Php188,112.00

81600 93600
10.00 10.00
Php816,000.00 Php936,000.00

63,360.00 69,660.00
183,600.00 229,500.00
6,000.00 6,000.00
385,968.00 442,728.00
638,928.00 747,888.00
 Jan-18

UNIT 4,800

TOTAL 48,000.00

ANNUAL SALES 576,000.00

MAN. COSTS 39,137.00

ANNUAL COST 469,644.00

NET INCOME 106,356.00

EXPENSES:

UTILITIES EXPENSE 53,400.00

SALARIES EXPENSE 137,700.00

MARKETING EXPENSE 6,000.00

SUPPLIES EXPENSE 272,544.00

469,644.00
TOTAL

UTILITIES MONTHLY:
WATER 200.00

ELECTRICITY 2,500.00

GAS 250.00

VEHICLE 1,500.00 53,400.00

LABOR 11,475.00 137,700.00

MARKETING 500.00 6,000.00

TOTAL MONTHLY: 16,425.00

TOTAL ANNUALLY 197,100.00

SUPPLIES MONTHLY:

VEGETABLE 1,200.00

CASSAVA FLOUR 1,440.00

ALASKA 8,048.00

SUGAR 1,320.00

BUTTER 3,360.00

CHOCOLATE 5,080.00
CELLOPHANE 1,464.00

PACKAGING 800.00

TOTAL: 22,712.00

272,544.00
INCOME STATEMENT
Jan-19 Jan-20

5,200 6,000

- 52,000.00 - 60,000.00

624,000.00 720,000.00

41,346.00 49,183.00

496,152.00 590,196.00

127,848.00 129,804.00

57,300.00 60,036.00

137,700.00 183,600.00

6,000.00 6,000.00

- 295,152.00 - 340,560.00

496,152.00 590,196.00
 225.00 250.00

2,650.00 2,750.00

250.00 253.00

1,650.00 57,300.00 1,750.00 60,036.00

11,475.00 137,700.00 15,300.00 183,600.00

500.00 6,000.00 500.00 6,000.00

16,750.00 20,803.00

201,000.00 249,636.00
 24,596.00 28,380.00

- 295,152.00 - 340,560.00
Jan-21 Jan-22

6,800 7,800

- 68,000.00 - 78,000.00

816,000.00 936,000.00

53,244.00 62,324.00

638,928.00 747,888.00

177,072.00 188,112.00

63,360.00 69,660.00

183,600.00 229,500.00

6,000.00 6,000.00

- 385,968.00 - 442,728.00

638,928.00 747,888.00
 275.00 300.00

2,850.00 3,000.00

255.00 255.00

1,900.00 63,360.00 2,250.00 69,660.00

15,300.00 183,600.00 19,125.00 229,500.00

500.00 6,000.00 500.00 6,000.00

21,080.00 25,430.00

252,960.00 305,160.00
 32,164.00 36,894.00

- 385,968.00 - 442,728.00
CASH FLOW :

Cash Flow Statement

Beginning balance 150,000.00 839,856.00 865,304.00
Cash inflow 1,376,000.00 624,000.00 720,000.00
Cash outflow (686,144.00) (598,552.00) (688,736.00)
Ending Cash Balance 839,856.00 865,304.00 896,568.00

2018
CASH INFLOW:
SALES 576,000.00
OWNER'S EQUITY 800,000.00
TOTAL CASH INFLOW 1,376,000.00

CASH OUTFLOW
EQUIPMENTS 8,500.00
SERVICE VEHICLE 208,000.00
EXPENSES 197,100.00
SUPPLIES 272,544.00
TOTAL CASH OUTFLOW 686,144.00

CASH AT THE BEGINNING OF THE PERIOD 150,000.00

CASH AT THE END OF THE PERIOD Php 839,856.00

2019
CASH INFLOW:
SALES 624,000.00
TOTAL CASH INFLOW 624,000.00

CASH OUTFLOW
EXPENSES 201,000.00
SUPPLIES 295,152.00
TAXES 57,300.00
INCREASE IN EQUIPMENT 1,500.00
DEPRECIATION VEHICLE 41,600.00
DEPRECIATION VEHICLE 1,700.00
TOTAL CASH OUTFLOW 598,252.00

CASH AT THE BEGINNING OF THE PERIOD 839,856.00

CASH AT THE END OF THE PERIOD Php 865,604.00

2020
CASH INFLOW:
SALES 720,000.00
TOTAL CASH INFLOW 720,000.00

CASH OUTFLOW
EXPENSES 249,636.00
SUPPLIES 340,560.00
TAXES 62,400.00
INCREASE IN EQUIPMENT 1,500.00
DEPRECIATION VEHICLE 33,280.00
DEPRECIATION VEHICLE 1,360.00
TOTAL CASH OUTFLOW 688,736.00

CASH AT THE BEGINNING OF THE PERIOD 865,604.00

CASH AT THE END OF THE PERIOD Php 896,868.00

2021
CASH INFLOW:
SALES 816,000.00
TOTAL CASH INFLOW 816,000.00

CASH OUTFLOW
EXPENSES 252,960.00
SUPPLIES 385,968.00
TAXES 72,000.00
INCREASE IN EQUIPMENT 1,500.00
DEPRECIATION VEHICLE 26,624.00
DEPRECIATION VEHICLE 1,088.00
TOTAL CASH OUTFLOW 740,140.00

CASH AT THE BEGINNING OF THE PERIOD 896,868.00

CASH AT THE END OF THE PERIOD Php 972,728.00

2022
CASH INFLOW:
SALES 936,000.00
TOTAL CASH INFLOW 936,000.00

CASH OUTFLOW
EXPENSES 305,160.00
SUPPLIES 442,728.00
TAXES 81,600.00
DEPRECIATION VEHICLE 21,299.00
DEPRECIATION VEHICLE 870.40
TOTAL CASH OUTFLOW 851,657.40

CASH AT THE BEGINNING OF THE PERIOD 972,728.00

CASH AT THE END OF THE PERIOD Php 1,057,070.60
 896,568.00 972,428.00
816,000.00 936,000.00
(740,140.00) (853,157.40)
972,428.00 1,055,270.60
CASH FLOW STATEMENT 2018

CASH FLOW FROM OPERATING ACTIVITIES :

Cash received from customers 576,000.00
Cash paid for expenses (197,100.00)
Cash paid for suppliers (272,544.00)
Net cash provided used in operating activities 106,356.00

CASH FLOW FROM INVESTING ACTIVITIES:

Service Vehicle (208,000.00)

Equipment (8,500.00)
Net cash provided used in investing activities (216,500.00)

CASH FLOW FROM FINANCING ACTIVITIES:

Cash received from investment of owners 800,000.00

Net cash provided used in financing activities 800,000.00

Net increase cash for the year 2017 689,856.00

CASH BALANCE - Jan. 1, 2018 150,000.00

CASH BALANCE - Dec. 31, 2018 Php 839,856.00

CASH FLOW STATEMENT 2020

CASH FLOW FROM OPERATING ACTIVITIES :

Cash received from customers 720,000.00
Cash paid for expenses (249,636.00)
Cash paid for suppliers (340,560.00)
Cash paid for tax (62,400.00)
DEPRECIATION VALUE: SERVICE VEHICL (33,280.00)
DEPRECIATION VALUE: EQUIPMENT (1,360.00) 32,764.00
Net cash provided used in operating activities
CASH FLOW FROM INVESTING ACTIVITIES:

Increase in equipment (1,500.00) (1,500.00)

Net cash provided used in investing activities
Net increase cash for the year 2020 31,264.00

CASH BALANCE - Jan. 1, 2020 865,304.00

CASH BALANCE - Dec. 31, 2020 Php 896,568.00
CASH FLOW STATEMENT 2022

CASH FLOW FROM OPERATING ACTIVITIES :

Cash received from customers 936,000.00

Cash paid for expenses (305,160.00)
Cash paid for suppliers (442,728.00)
Cash paid for tax (81,600.00)
DEPRECIATION VALUE: SERVICE VEHICL (21,299.00)
DEPRECIATION VALUE: EQUIPMENT (870.40)
CASH FLOW FROM
Net cash provided used in operating activities 84,342.60

Increase in equipment (1,500.00)

(1,500.00)

Net increase cash f Net cash provided used in investing activities 82,842.60

CASH BALANCE - Jan. 1, 2022 972,728.00

CASH BALANCE - Dec. 31, 2022 1,055,570.60
CASH FLOW STATEMENT 2019

CASH FLOW FROM OPERATING ACTIVITIES :

Cash received from customers 624000
Cash paid for expenses (201,000.00)
Cash paid for suppliers (295,152.00)
Cash paid for tax (57,600.00)
DEPRECIATION VALUE: SERVICE VEHICLE (41,600.00)
DEPRECIATION VALUE: EQUIPMENT (1,700.00)
Net cash provided used in operating activities

CASH FLOW FROM INVESTING ACTIVITIES:

Increase in equipment (1,500.00)

Net cash provided used in investing activities

Net increase cash for the year 2019

CASH BALANCE - Jan. 1, 2019

CASH BALANCE - Dec. 31, 2019

CASH FLOW STATEMENT 2021

CASH FLOW FROM OPERATING ACTIVITIES :

Cash received from customers 816,000.00
Cash paid for expenses (252,960.00)
Cash paid for suppliers (385,968.00)
Cash paid for tax (72,000.00)
DEPRECIATION VALUE: SERVICE VEHICLE (26,624.00)
DEPRECIATION VALUE: EQUIPMENT (1,088.00)
Net cash provided used in operating activities
CASH FLOW FROM INVESTING ACTIVITIES:

Increase in equipment (1,500.00)

Net cash provided used in investing activities

Net increase cash for the year 2021

CASH BALANCE - Jan. 1, 2021

CASH BALANCE - Dec. 31, 2021
 26,948.00

(1,500.00)

25,448.00

839,856.00
Php 865,304.00

77,360.00

(1,500.00)

75,860.00

896,568.00
972,428.00
BALANCE SHEET 2018:
Assets
Current Assets
Cash Php 839,856.00
Supplies Php 272,544.00
Total current Assets

Non-current Assets
Equipments Php 66,500.00
Service vehicle Php 150,000.00
Total Non-current Assets
Total Assets

Liabilities
Current Liabilities
Wages Payable Php 137,700.00
Utilities Payable Php 53,400.00
Tax Payable Php 57,600.00
Accounts Payable Php 6,000.00
Total Liabilities

Owner's Equity
Owner, Capital, 01/01/18
Total Liabilities and Owner's Equity

BALANCE SHEET 2019:

Assets
Current Assets
Cash Php 865,304.00
Supplies Php 295,152.00
Total current Assets

Non-current Assets
Equipments Php 6,800.00
Service vehicle Php 166,400.00
Total Non-current Assets
Total Assets

Liabilities
Current Liabilities
Wages Payable Php 137,700.00
Utilities Payable Php 57,300.00
Tax Payable Php 57,600.00
 Accounts Payable Php 6,000.00
Total Liabilities

Owner's Equity
Owner, Capital, 01/01/19
Total Liabilities and Owner's Equity

BALANCE SHEET 2020:

Assets
Current Assets
Cash Php 896,568.00
Supplies Php 340,560.00
Total current Assets

Non-current Assets
Equipments Php 5,440.00
Service vehicle Php 133,120.00
Total Non-current Assets
Total Assets

Liabilities
Current Liabilities
Wages Payable Php 183,600.00
Utilities Payable Php 60,036.00
Tax Payable Php 63,400.00
Accounts Payable Php 6,000.00
Total Liabilities

Owner's Equity
Owner, Capital, 01/01/20
Total Liabilities and Owner's Equity

BALANCE SHEET 2021:

Assets
Current Assets
Cash Php 972,428.00
Supplies Php 385,968.00
Total current Assets

Non-current Assets
Equipments Php 4,352.00
 Service vehicle Php 106,496.00
Total Non-current Assets
Total Assets

Liabilities
Current Liabilities
Wages Payable Php 183,600.00
Utilities Payable Php 63,360.00
Tax Payable Php 72,000.00
Accounts Payable Php 6,000.00
Total Liabilities

Owner's Equity
Owner, Capital, 01/01/21
Total Liabilities and Owner's Equity

BALANCE SHEET 2022:

Assets
Current Assets
Cash Php 1,055,270.00
Supplies Php 442,728.00
Total current Assets

Non-current Assets
Equipments Php 3,481.00
Service vehicle Php 85,196.00
Total Non-current Assets
Total Assets

Liabilities
Current Liabilities
Wages Payable Php 229,500.00
Utilities Payable Php 69,660.00
Tax Payable Php 81,600.00
Accounts Payable Php 6,000.00
Total Liabilities

Owner's Equity
Owner, Capital, 01/01/22
Total Liabilities and Owner's Equity
Php 1,112,400.00

Php 216,500.00
Php 1,328,900.00

Php 254,700.00

Php 1,074,200.00
Php 1,328,900.00

Php 1,160,456.00

Php 173,200.00
Php 1,333,656.00
Php 258,600.00

Php 1,075,056.00
Php 1,333,656.00

Php 1,237,128.00

Php 138,560.00
Php 1,375,688.00

Php 313,036.00

Php 1,062,652.00
Php 1,375,688.00

Php 1,358,396.00
Php 110,848.00
Php 1,469,244.00

Php 324,960.00

Php 1,144,284.00
Php 1,469,244.00

Php 1,497,998.00

Php 88,677.00
Php 1,586,675.00

Php 386,760.00

Php 1,199,915.00
Php 1,586,675.00
BALANCE SHEET COMPUTATION:
Balance Sheet
Cash 839,304.00 865,304.00
SUPPLIES 272,544.00 295,152.00
Total Current Assets 1,111,848.00 1,160,456.00
Fixed assets 216,500.00 173,200.00
Total Assets 1,328,348.00 1,333,656.00

Accounts payable 6,000.00 6,000.00

WAGES PAYABLE 137,700.00 137,700.00
UTILITIES PAYABLE 53,400.00 57,300.00
Tax Payable - 57,600.00
Total Current Liabilities 197,100.00 201,000.00
Shareholders' equity 1,131,248.00 1,132,656.00
Total Liabilities and Equity 1,328,348.00 1,333,656.00
 896,568.00 972,428.00 1,055,270.00
340,560.00 385,968.00 442,728.00
1,237,128.00 1,358,396.00 1,497,998.00
138,560.00 110,848.00 88,678.00
1,375,688.00 1,469,244.00 1,586,676.00

6,000.00 6,000.00 6,000.00

183,600.00 183,600.00 229,500.00
60,036.00 63,360.00 69,660.00
62,400.00 72,000.00 81,600.00
249,636.00 252,960.00 305,160.00
1,126,052.00 1,216,284.00 1,281,516.00
1,375,688.00 1,469,244.00 1,586,676.00