ABCDEFGHIJKLMNOPQRSTUVWXYZ
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Company Name
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HISTORICAL
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INCOME STATEMENT
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 as of
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20192018Sales2017Sales2016
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----Growth--Growth--
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GROSS SALES0.00%0.00%0%0.00%0%0.00%
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 Less: Cost of Goods0.00%0.00%0.00%0.00%
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--------
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GROSS PROFIT - 0.00% - 0.00% - 0.00% - 0.00%
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--------
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EXPENSES:
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 Accounting0.00%0.00%0.00%0.00%
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 Advertising0.00%0.00%0.00%0.00%
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 Amortization0.00%0.00%0.00%0.00%
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 Bad Debt/Checks0.00%0.00% 0.00% 0.00%
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 Bank Service Charges0.00%0.00%0.00%0.00%
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 Depreciation0.00%0.00%0.00%0.00%
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 Donations0.00%0.00%0.00%0.00%
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 Dues & Subscriptions0.00%0.00%0.00%0.00%
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 Freight0.00%0.00%0.00%0.00%
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 Insurance 0.00%0.00%0.00%0.00%
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 Interest Expense0.00%0.00%0.00%0.00%
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 Legal & Professional0.00%0.00%0.00%0.00%
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 Licenses & Permits & Fees0.00%0.00%0.00%0.00%
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 Merchant Credit Card Fees0.00%0.00%0.00%0.00%
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 Miscellaneous0.00%0.00%0.00%0.00%
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 Office Supplies0.00%0.00%0.00%0.00%
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 Outside Services0.00%0.00%0.00%0.00%
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 Officer's Salary0.00%0.00%0.00%0.00%
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 Payroll0.00%0.00%0.00%0.00%
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 Payroll Taxes (only listed as work comp)0.00%0.00%0.00%0.00%
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 Postage0.00%0.00%0.00%0.00%
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 Rent0.00%0.00%0.00%0.00%
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 Repairs & Maintenance0.00%0.00%0.00%0.00%
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 Supplies0.00%0.00%0.00%0.00%
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 Taxes & Licenses0.00%0.00%0.00%0.00%
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 Telephone0.00%0.00%0.00%0.00%
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 Training & Education0.00%0.00%0.00%0.00%
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 Travel, Meals & Entertainment0.00%0.00%0.00%0.00%
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 Uniforms, Laundry & Cleaning0.00%0.00%0.00%0.00%
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 Utilities0.00%0.00%0.00%0.00%
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 Vehicle0.00%0.00%0.00%0.00%
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 Web Site0.00%0.00%0.00%0.00%
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--------
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TOTAL EXPENSES: - 0.00% - 0.00% - 0.00% - 0.00%
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--------
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OPERATING PROFIT - 0.00% - 0.00% - 0.00% - 0.00%
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Other Income (Expense)0.00%0.00%0.00%0.00%
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--------
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NET PROFIT BEFORE TAXES - 0.00% - 0.00% - 0.00% - 0.00%
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FOOTNOTES:
Figures are taken from Company tax statements.
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NOTE…….
The Small Business Development Center (SBDC) has prepared this financial statement as of 09/02/2024 based on information and
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9/2/2024
assumptions provided by management. Neither the SBDC nor its personnel are licensed by the State of MN to practice public
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accounting and therefore express no opinion or any other form of assurance on the statement or underlying assumptions.
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BUSINESS FUNDS AVAILABLE FOR DEBT SERVICE
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 Interest
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 Depreciation & Amortization - - - -
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 Net Income - - - -
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----
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 - - - -
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BUSINESS LOAN PAYMENTS - ANNUAL (Principal and Interest)
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 Building Mortgage (if owned by BUSINESS)
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 Equipment Loans
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 Vehicle Loans
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 Other Loans
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 Lines of Credit
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 Credit Cards
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----
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 - - - -
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DEBT SERVICE COVERAGE RATIO
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(Goal = 1.25 or greater) - - - -
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OWNER PERSONAL INCOME
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 Officers Salary
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 Rent (if building is owned by BUSINESS OWNER)
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 Other Personal Income
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----
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 - - - -
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OWNER PERSONAL LOAN PAYMENTS - ANNUAL (Principal and Interest)
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 Personal Real Estate Mortgage(s)
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Business Mortgage (if building is owned by BUSINESS OWNER)
90
 Vehicle Loans
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 Credit Cards
92
 Other Loans
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----
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 - - - -
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GLOBAL CASH FLOW RATIO - - - -
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