Financial Statement for Smart Movers Limited
| Smart Movers Limited | ||||||
| Income Statement | ||||||
| For the Year Ended [12/31/2022] | ||||||
| Revenue: | ||||||
| Gross Sales | $50,000.00 | |||||
| Less: | Sales Returns and Allowances | $150.00 | ||||
| Net Sales | $49,850.00 | |||||
| Cost of Goods Sold: | ||||||
| Beginning Inventory | $0.00 | |||||
| Add: | Purchases | $0.00 | ||||
| Direct Labor | $6,000.00 | |||||
| Indirect Expenses | $4,000.00 | |||||
| $10,000.00 | ||||||
| Less: | Ending Inventory | $0.00 | ||||
| Cost of Goods Sold | $10,000.00 | |||||
| Gross Profit (Loss) | $39,850.00 | |||||
| Expenses: | ||||||
| Advertising | $3,500.00 | |||||
| Bank Charges | $500.00 | |||||
| Commissions | $600.00 | |||||
| Contract Labor | $300.00 | |||||
| Credit Card Fees | $200.00 | |||||
| Delivery Expenses | $5,000.00 | |||||
| Dues and Subscriptions | $350.00 | |||||
| Insurance | $400.00 | |||||
| Interest | $450.00 | |||||
| Maintenance | $900.00 | |||||
| Miscellaneous | $1,000.00 | |||||
| Office Expenses | $1,200.00 | |||||
| Payroll | $5,400.00 | |||||
| Permits and Licenses | $100.00 | |||||
| Postage | $50.00 | |||||
| Professional Fees | $200.00 | |||||
| Property Taxes | $160.00 | |||||
| Rent | $1,100.00 | |||||
| Telephone | $320.00 | |||||
| Travel | $300.00 | |||||
| Utilities | $800.00 | |||||
| Total Expenses | $22,830.00 | |||||
| Net Operating Income | $17,020.00 | |||||
| Other Income: | ||||||
| Gain (Loss) on Sale of Assets | -$300.00 | |||||
| Interest Income | $120.00 | |||||
| Total Other Income | -$180.00 | |||||
| Net Income (Loss) | $16,840.00 | |||||
ORDER A PLAGIARISM-FREE PAPER HERE
We’ll write everything from scratch
Question 
Financial Statement for Smart Movers Limited
Create a financial statement for your hypothetical new business venture. Using the attached Excel template, and based on surveying a specific marketplace, make a best-guess estimated statement exhibiting profit and loss. Accuracy counts in business, so check and recheck your numbers before submitting your financial statements. Your grade will be based on the completeness and accuracy of the Income Statement.
Complete the order form and upload all of your files, including any instructions, rubrics, or other materials provided by your instructor. 
Complete the order payment after filling in the order form. We’ll receive your order and assign it to a writer.
The assigned writer will complete your paper and forward it to our Editing Team for review and approval.
Once approved by the editor, the completed paper will be uploaded to your account for you to download, review and approve.