Dec

Sales
150,000
Cost of Sales
INVENTORY/Production Schedule:
Opening Inventory
Sales
Production
Ending Inventory
CASH RECEIPTS:
Collections
January Sales
February Sales
March Sales
April Sales
May Sales
Total Receipts
CASH PAYMENTS:

Jan

Feb

Mar

Apr

130,000
71,500

150,000
82,500

120,000
66,000

180,000
99,000

220,000
121,000

225,000
82,500 107,500
250,000

250,000
66,000 63,500
247,500

247,500
99,000 154,000
302,500

302,500
121,000
134,750
316,250

Mar
39,000
90,000
12,000

Apr

141,000

135,000

Mar
107,500
42,000
15,000

Apr
63,500
48,000
15,000
20,000

10,000
2,000
4,500

10,000
2,000
4,400

225,000

Purchases
Selling
Admin
Dividend
Capital Assets
LTD
Tax Installments
Interest

45,000
72,000
18,000

Total Payments
CASH FLOW SUMMARY:
Total Receipts
Total Payments
Net Cash Flow
Beginning Cash Balance
Cumulative Cash
INCOME STATEMENT:

Mar

Apr

181,000
162,900
Mar
Apr
141,000
135,000
181,000
162,900
40,000 27,900 211,000
251,000
211,000
183,100
May
3 Month

Sales
Cost of Sales
Gross Margin

120,000
66,000
54,000

180,000
99,000
81,000

220,000
121,000
99,000

Selling
Admin
Interest
Income Before Tax
Tax
Net Income
BALANCE SHEET:
Cash
Accounts receivable
Inventory
Plant & Equipment (net)

42,000
20,000
4,500
12,500
2,500
10,000
Feb
May
251,000
41,800
159,000
237,000
250,000
316,250
940,000
995,000
1,600,000
1,590,050

48,000
20,000
4,400
8,600
1,720
6,880

Accounts payable
Tax payable
Long term debt
Capital stock
Retained earnings

186,000
120,000
450,000
250,000
594,000
1,600,000

213,250
117,760
420,000
250,000
589,040
1,590,050
-

Feb
Mar
Apr
May

520,000
286,000
234,000

52,000
142,000
20,000
60,000
4,300
13,200
22,700
18,800
4,540
3,760
18,160
15,040
Loan Balance Interest
450,000
$ 440,000
4,500
$ 430,000
4,400
$ 420,000
4,300

May

Jun
230,000
126,500

352,250

May

36,000
108,000
22,000
166,000
May
154,000
52,000
15,000
70,000
10,000
2,000
4,300
307,300
May
166,000
307,300
141,300
183,100
41,800

442,000

325,000
142,000
45,000
20,000
70,000
30,000
6,000
13,200
651,200
442,000
651,200