12-MONTH PROFIT AND LOSS STATEMENT

For the 12-month period May 31, 2018

2017
May June July August September October
Sales Revenue 434,000 434,000 434,000 434,000 434,000 434,000
Merchandise Inventory, February 8, 2016 - 19,600.00 19,600.00 19,600.00 19,600.00 19,600.00
Add: Purchases 86,800 86,800 86,800 86,800 86,800 86,800
Goods Available for Sale 86,800 106,400 106,400 106,400 106,400 106,400
Less: Merchandise Inventory, October 31, 2016 19,600 19,600 19,600 19,600 19,600 19,600
Cost of Goods Sold 67,200 86,800 86,800 86,800 86,800 86,800
Operating Income 366,800 347,200 347,200 347,200 347,200 347,200
Expenses
Wages 115,800 115,800 115,800 115,800 115,800 115,800
Transportation 5,000 5,000 5,000 5,000 5,000 5,000
Supplies 5,000 5,000 5,000 5,000 5,000 5,000
Rent 22,000 22,000 22,000 22,000 22,000 22,000
Miscellaneous 2,500 2,500 2,500 2,500 2,500 2,500
Total 150,300 150,300 150,300 150,300 150,300 150,300
PROFIT 216,500.00 196,900.00 196,900.00 196,900.00 196,900.00 196,900.00

Break-Even Sales Volume 150,300 150,300 150,300 150,300 150,300 150,300

Assumption:
All expenses are considered fixed.
Wages are for the 6 workers and 1 supervisor
Transportation is for the fares and transportation expenses of supervisor for his monitoring between the 2 stores
Supplies are expenses for the office supplies and other related materials.
Rent is for the rental payments of the 2 stores
Miscellaneous are for the minute or petty expenses which cannot be included in the expenses enumerated above.
 2018
November December January February March April Total
434,000 434,000 434,000 434,000 434,000 434,000 5,208,000
19,600.00 19,600.00 19,600.00 19,600.00 19,600.00 19,600.00 -
86,800 86,800 86,800 86,800 86,800 86,800 1,041,600
106,400 106,400 106,400 106,400 106,400 106,400 1,041,600
19,600 19,600 19,600 19,600 19,600 19,600 19,600
86,800 86,800 86,800 86,800 86,800 86,800 1,022,000
347,200 347,200 347,200 347,200 347,200 347,200 4,186,000

115,800 115,800 115,800 115,800 115,800 115,800 1,389,600

5,000 5,000 5,000 5,000 5,000 5,000 60,000
5,000 5,000 5,000 5,000 5,000 5,000 60,000
22,000 22,000 22,000 22,000 22,000 22,000 264,000
2,500 2,500 2,500 2,500 2,500 2,500 30,000
150,300 150,300 150,300 150,300 150,300 150,300 1,803,600
196,900.00 196,900.00 196,900.00 196,900.00 196,900.00 196,900.00 2,382,400

150,300 150,300 150,300 150,300 150,300 150,300 1,803,600

Balance Sheet
May 15, 2017

ASSETS
Current Assets
Cash 1,128,000
Accounts Receivable -
Inventory -
Prepaid Rent 72,000
Total Current Assets 1,200,000

Non-Current Assets
Building , net -
Vehicles, net -
Total Non-Current Assets -
TOTAL ASSETS 1,200,000

LIABILITIES AND OWNER'S EQUITY

Current Liabilities
Accounts Payable -
Total Current Liabilities - -

Non-Current Liabilities
Loans Payable -

Owner's Equity
E. Elpa, Capital 700,000
A. Atienza, Capital 500,000
Total Owner's Equity 1,200,000
TOTAL LIABILITIES AND OWNER'S EQUITY 1,200,000
Projected Cash Flow Statement
May 31,2018

Cash Used for/Provided by Operating Activities

Collection from Sales 4,947,600.00
Distribution of Profits 500,000.00
Purchases 1,041,600.00
Wages 1,389,600.00
Transportation 60,000.00
Supplies 60,000.00
Rent 264,000.00
Miscellaneous 30,000.00
Total 3,345,200.00
Net Cash Provided by Operating Activities 1,602,400.00

Cash Used in Investing Activities -

Cash Used for/Provided by Financing Activities -

Net Cash Flows for the year ended May 31, 2018 1,602,400.00
Cash in Bank, May 15, 2017 -
Cash in Bank, May 31, 2018 1,602,400.00
BREAK-EVEN ANALYSIS
May 31, 2018

2017
May June July August September October
Fixed Expenses 150,300.00 150,300.00 150,300.00 150,300.00 150,300.00 150,300.00
Break-Even
 2018
November December January February March April Total
150,300.00 150,300.00 150,300.00 150,300.00 150,300.00 150,300.00 1803600