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Berrys Bug Blaster

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Berrys Bug Blaster
Income Statement
1/1/2008 - 12/31/2008 | Revenue | | | $3,249,580.53 | | Direct Expenses | | | | Salaries & Wages | $487,437.08 | | | Vehicle Maintenance | $64,991.61 | | | Fuel | $20,449.80 | | | Traps & Chemicals | $1,378,203.63 | | | | $1,951,082.12 | $1,951,082.12 | | | Indirect Expenses | | | | Rent | $39,338.17 | | | Licenses | $2,480.00 | | | Insurance | $103,613.43 | | | Administrative Salaries | $150,250.00 | | | Commissions | $16,991.61 | | | Payroll Taxes | $72,014.66 | | | Legal Expenses | $12,000.00 | | | Accounting Fees | $7,000.00 | | | Office Supplies | $7,800.00 | | | Utilities | $10,806.40 | | | Advertising Expenses | $116,000.00 | | | Bad Debts | $122,138.64 | | | Depreciation Expense | $94,925.75 | | | Misc. Expense | $50,000.00 | | | | $805,358.66 | $805,358.66 | | Total Expenses | | $2,756,440.78 | $2,756,440.78 | | Net Income | | | $493,139.75 | |

Balance Sheet
12/31/2008
| | Current Assets | | | Cash | $818,440.68 | | Accounts Receivable | $812,395.13 | | Inventory | $205,934.30 | | Total Current Assets | $1,836,770.12 | | | Fixed Assets | | | Vehicles | $268,750.00 | | Tools | $110,953.00 | | Less Accumulated Depreciation | ($284,431.95) | | Total Fixed Assets | $95,271.05 | | | Total Assets | | $1,932,041.17 | | | Liabilities | | | | Current Liabilities | | | Accrued Payroll Taxes | $36,007.33 | | Accounts Payable | $270,798.38 | | Total Current Liabilities | $306,805.71 | | | Long-Term Liabilities | $0.00 | | | Total Liabilites | $306,805.71 | | | | Stockholders Equity | | | Common Stock
(1,000,000 authorized shares at $1 par) | $70,000.00 | | Retained Earnings | $1,062,095.71 | | Net Income | $493,139.75 | | Total

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