Income Statement 1/1/2008 - 12/31/2008
Income Statement
1/1/2008 - 12/31/2008
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
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 Stockholders Equity / $1,625,235.46
Total Liabilities & Stockholders Equity / $1,932,041.17
Cash Flow Statement
1/1/2008 - 12/31/2008
Net Income / $493,139.75
Adjustments to Net Income
Decrease (Increase) in Accounts Receivables / ($1,347.68)
Increase (Decrease) in Liabilities (A/P, Taxes Payable) / ($59,980.58)
Net Cash Flow from Operating Activities / $431,811.49
Cash Flow from Investing Activities
Capital Expenditures / $0.00
Depreciation and Amortization / $94,925.75
Decrease (Increase) in Inventories / $0.00
Net Cash Flow from Investing Activities / $94,925.75
Cash Flow from Financing Activities
Dividends Paid / $0.00
Sale (Repurchase) of Stock / $0.00
Increase (Decrease) in Debt / $0.00
Other cash flows from financing activities / $0.00
Net Cash Flow from Financing Activities / $0.00
Net Increase (Decrease) in Cash and Cash Equivalents/td> / $526,737.24
Cash at beginning of period / $291,703.44
Cash at end of period / $818,440.68