Imagination Station: Income Statement

Q1 End Q2 End Q3 End Q4 End Q5 End Q6 End Q7 End Q8 End

Revenue
Sales Revenue 50,000.00 50,000.00 55,000.00 60,000.00 75,000.00 75,000.00 80,000.00 85,000.00
Cost of Goods Sold
Begginning Inventory - 16,675.00 18,125.00 22,765.00 15,370.00 14,500.00 16,675.00 18,995.00
Purchases 43,500.00 29,000.00 34,800.00 26,100.00 40,600.00 43,500.00 46,400.00 52,200.00
Freight-in 2,175.00 1,450.00 1,740.00 1,305.00 2,030.00 2,175.00 2,320.00 2,610.00
Net Purchases 45,675.00 30,450.00 36,540.00 27,405.00 42,630.00 45,675.00 48,720.00 54,810.00
Cost of Good Available for Sale 45,675.00 47,125.00 54,665.00 50,170.00 58,000.00 60,175.00 65,395.00 73,805.00
Ending Inventory 16,675.00 18,125.00 22,765.00 15,370.00 14,500.00 16,675.00 18,995.00 24,505.00
Cost of Goods Sold 29,000.00 29,000.00 31,900.00 34,800.00 43,500.00 43,500.00 46,400.00 49,300.00
Gross Profit 21,000.00 21,000.00 23,100.00 25,200.00 31,500.00 31,500.00 33,600.00 35,700.00

Expenses
Selling and Distribution
Amortization Expense - - - 2,000.00 - - - 2,000.00
Advertising Expense 12,000.00 3,000.00 3,000.00 3,000.00 12,000.00 3,000.00 3,000.00 3,000.00
Gas and Oil Expense 1,500.00 1,500.00 1,550.00 1,600.00 1,750.00 1,750.00 1,800.00 1,850.00
Rent Expense 3,954.53 3,954.53 3,954.53 3,954.53 3,954.53 3,954.53 3,954.53 3,954.53
Supplies Expense 500.00 500.00 550.00 600.00 750.00 750.00 800.00 850.00
Wages Expense 12,500.00 12,500.00 12,500.00 12,500.00 13,125.00 13,125.00 13,125.00 13,125.00
Website Maintenance Expense 320.00 320.00 320.00 320.00 320.00 320.00 320.00 320.00
Total Selling and Distribution Expenses 30,774.53 21,774.53 21,874.53 23,974.53 31,899.53 22,899.53 22,999.53 23,099.53
General and Administrative Expenses
Rent Expense 439.39 439.39 439.39 439.39 439.39 439.39 439.39 439.39
Other Expenses
Interest Expense 450.00 750.00 750.00 900.00 900.00 900.00 900.00 900.00

Total Expenses 31,663.92 22,963.92 23,063.92 25,313.92 33,238.92 24,238.92 24,338.92 24,438.92

Net Profit/Loss (10,663.92) (1,963.92) 36.08 (113.92) (1,738.92) 7,261.08 9,261.08 11,261.08
 Imagination Station: Income Statement

Year 3 End Year 4 End Year 5 End Year 10 End

415,000.00 520,000.00 715,000.00 1,750,000.00

24,505.00 27,405.00 24,215.00 50,000.00

232,000.00 284,200.00 414,700.00 1,000,500.00
11,600.00 14,210.00 20,735.00 50,025.00
243,600.00 298,410.00 435,435.00 1,050,525.00
268,105.00 325,815.00 459,650.00 1,100,525.00
27,405.00 24,215.00 44,950.00 85,525.00
240,700.00 301,600.00 414,700.00 1,015,000.00
174,300.00 218,400.00 300,300.00 735,000.00

2,000.00 2,000.00 2,000.00 6,000.00

21,000.00 21,000.00 10,000.00 10,000.00
5,150.00 6,200.00 8,150.00 16,300.00
15,818.11 15,818.11 15,818.11 31,636.22
4,150.00 5,200.00 7,150.00 17,500.00
86,325.00 115,641.25 152,623.31 257,623.31
1,280.00 1,280.00 1,280.00 1,280.00
135,723.11 167,139.36 197,021.42 340,339.54

1,757.57 1,757.57 1,757.57 3,515.14

900.00 900.00 900.00 1,800.00

138,380.68 169,796.93 199,678.99 345,654.67

35,919.32 48,603.07 100,621.01 389,345.33