Draw up an income statement for your stall your income statement must include all sales and cost of sales for your stall you will need to show a minimum of five expenses incurred

Answer 1

Income Statement for Stall:

Sales: $10,000
Cost of Sales:
- Food and Beverages: $3,000
- Supplies: $500
- Rent: $1,000
- Employee Salaries: $2,500
- Marketing and Advertising: $500
- Utilities: $300
Total Cost of Sales: $7,800

Gross Profit: $2,200

Expenses:
- Insurance: $200
- Equipment Maintenance: $150
- Taxes: $400
- Packaging: $100
- Miscellaneous: $50
Total Expenses: $900

Net Profit: $1,300