The company had sales of $750,000 and cost of goods sold of $319,900, resulting in a gross profit of $430,100. Total operating expenses were $274,015, giving an operating profit of $156,085. After accounting for interest and tax expenses, the net profit was $106,634.50. Cash flow was positive, with $270,804.50 from operating activities and $250,000 from financing activities, increasing cash by $435,804.50 over the year. Total assets were $698,279.50, including current assets of $624,589.50 and fixed assets of $73,690, financed by total liabilities of $437,210.

1. INCOME STATEMENT
Sales: 750 000
Less: COGS 319 900
GROSS PROFIT 430 100
Less: Operating Expense
Selling Expense 2 160
Rent Expense 36 000
Wage Expense 187 500
Utilities Expense 15 800
Maintenance Expense 19 745
Advertising Expense 1 500
Depreciation Expense
Oven 2 700
Motorcycle 6 360
Refrigerator 2 250
TOTAL OPERATING EXPENSE (274, 015)
OPERATING PROFIT 156 085
Less: Interest Expense 3 750
NET PROFIT BEFORE TAX 152 335
Less: Tax (30%) 45 700.5
NET PROFIT AFTER TAX 106 634.5
EARNINGS PER SHARE 11, 848.28

2. CASH FLOW FROM OPERATING ACTIVITIES
Cash collected from customers 543 300
Cash paid to suppliers & employees (187 500)
Cash paid for repairs & maintenance of equipment (19 745)
Cash payment for electricity and water bills (15 800)
Cash paid for interest (3 750)
Cash paid for taxes (45 700.5)
Net Cash Provided by Operating Activities 270 804.5
CASH FLOW FROM INVESTING ACTIVITIES
Cash paid to purchase manufacturing
equipment & machineries (85 000)
Net Cash Provided by Investing Activities (85 000)
CASH FLOW FROM FINANCING ACTIVITIES
Cash received from bank loans 250 000
Net Cash Provided by Financing Activities 250 000
Net increase/decrease in cash during the year 435 804.5
Cash at Beginning of Year 37 850
Cash at End of Year 473 654.5

3. Assets
Cash 473 654.5
Accounts receivable 138 285
Inventories 12 650
TOTAL CURRENT ASSETS 624 589.5
Non-current Asset
Machinery and Equipment 50 000
Vehicles 35 000
Less: Accumulated Depreciation (11 310)
NET FIXED ASSETS 73 690
TOTAL ASSETS 698 279.5
Liability
Accounts payable 138 610.5
Notes payable 48 600
Total Current Liabilities 187 210.5
Long term debt
Loans Payable 250 000
TOTAL LIABILITIES 437 210.5
Retained Earnings 154 434.5
Share of partners 106 634.5
TOTAL EQUITY 261 069
TOTAL LIABILITIES AND EQUITY 698 279.5