Spa Income Statement
Spa Income Statement
This Spa Income Statement provides a detailed financial overview for [Your Company Name] for the year ending [Month Day, Year]. It includes revenue, expenses, and net income, offering a clear picture of the spa's financial health.
|
Category |
Amount ($) |
|---|---|
|
Revenue |
|
|
Service Revenue |
150,000 |
|
Product Sales |
45,000 |
|
Total Revenue |
195,000 |
|
Cost of Goods Sold |
|
|
Product Costs |
18,000 |
|
Total COGS |
18,000 |
|
Gross Profit |
177,000 |
|
Operating Expenses |
|
|
Salaries and Wages |
50,000 |
|
Rent |
24,000 |
|
Utilities |
6,000 |
|
Supplies |
5,000 |
|
Marketing |
3,500 |
|
Insurance |
2,500 |
|
Depreciation |
4,000 |
|
Miscellaneous Expenses |
1,500 |
|
Total Operating Expenses |
96,500 |
|
Operating Income |
80,500 |
|
Other Income/Expenses |
|
|
Interest Income |
1,200 |
|
Interest Expense |
700 |
|
Total Other Income/Expenses |
500 |
|
Net Income Before Tax |
81,000 |
|
Income Tax Expense |
16,200 |
|
Net Income |
64,800 |
[Your Company Name] Income Statement Analysis
For the year ended [Month Day, Year], [Your Company Name] generated a total revenue of $195,000. After accounting for the cost of goods sold ($18,000), the gross profit stands at $177,000. Operating expenses, including salaries, rent, utilities, and other costs, totaled $96,500, leading to an operating income of $80,500. After considering other income and expenses, the net income before tax is $81,000. With an income tax expense of $16,200, the net income for the year is $64,800.
