Financial+Information

=Financial Information=

Balance Sheet:
Balance Sheet
 * Love Hangers**
 * April 1, 2012 to April 31, 2012**
 * **__ASSETS__**

Cash $ 32,850.00

Accounts receivable $ 2,000.00

Equipment $ 24,695.00


 * TOTAL ASSETS $ 59,545.00 ** || **__LIABILITIES AND CAPITAL__**


 * Liabilities:**

Accounts payable $ 1,200.00

Loans payable $ 20,000.00


 * Total Liabilities $ 21,200.00 **


 * Capital (Net Worth): $ 38,345.00 **


 * Total Liabilities**
 * And Capital $ 59,545.00 ** ||

Income Statement:
Income Statement __Income__ Revenue (Income from Sale of Products) $ 3,900.00 Less Cost of Goods Sold (what was paid for production and materials) - $ 1,700.00 Gross Margin (profit made from selling products) $ 2,200.00
 * Love Hangers**
 * April 1, 2012** to **April 31, 2012**

__Expenses__ Rent $ 975.00 Utilities $ 135.00 Employee Wages $ 1,100.00 Employee Benefits $ 110.00 Advertising $ 120.00
 * Less Total Expenses** - $ 2,440.00
 * Net Profit (money we made) or Loss (money we lost) $ 240.00 **