Making a Living in Clay: A Practical Guide to Starting a Building a ...
Making a Living in Clay: A Practical Guide to Starting a Building a ...
Making a Living in Clay: A Practical Guide to Starting a Building a ...
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La Loca Chica Pottery LLC<br />
Projected F<strong>in</strong>ancial Statements<br />
Six Months Ended December 31, 2007<br />
Full Years Ended December 31, 2008, 2009, and 2010<br />
INCOME STATEMENTS<br />
Description<br />
Revenues (Note 1) • Wholesale • Retail •<br />
2007 (Six<br />
Months)<br />
2008 2009 2010<br />
Other<br />
$ 10,500<br />
3,000 500<br />
$ 57,000<br />
11,000<br />
3,000<br />
$ 77,000<br />
16,000<br />
6,000<br />
$ 85,000<br />
20,000<br />
6,000<br />
Total Revenues $ 14,000 $ 71,000 $ 99,000 $ 111,000<br />
Cost of Goods Sold (Note 2) 3,360 17,500 23,800 25,200<br />
Gross Profit 10,640 53,500 75,200 85,800<br />
Operat<strong>in</strong>g Expenses (Note 3) 12,880 26,795 28,035 30,000<br />
Operat<strong>in</strong>g Income (Loss) (2,240) 26,705 47,165 55,800<br />
Interest Expense (Note 4) 1,250 2,500 2,500 2,500<br />
Income (Loss) before Tax (3,490) 24,205 44,665 53,300<br />
Income Tax (Note 5) - 3,168 6,700 8,655<br />
Net Income (loss) $ (3490) $ 21,037 $ 37,965 $ 44,645<br />
27
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