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 09/19/2022 based on information and
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9/19/2022
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)
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Vehicle Loans
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Credit Cards
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Other Loans
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----
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- - - -
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GLOBAL CASH FLOW RATIO - - - -
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