Question

Please create a balance sheet,income statement, and cash flow statement for the calendar year for me to run a gas station business, and you may make up your own numbers, just dont copy someone elses from the internet.

Answer 1

Income statement for the year ended December 31, 2017
	(In thousand $)
Income
Sales	159,663.00
Expenditure
Cost of goods sold	9,048.00
License Fee	210,000.00
Rent	85,000.00
Bank charges	6,495.00
Freight charges	16,064.00
Sales prmotion and advertisement	66,625.00
Printing & Stationary	8,112.00
Telephone exp.	2,439.61
Interest exp.	25,534.00
Personnel exp	48,751.00
G&A exp	4,499.00
Electricity	802.00
Depreciation	45,902.00
Newspaper & Magazine	232.00
Royalty	5,818.00
	535,321.61
Profit	-375,658.61
Balance Sheet as at December 31, 2017	(In thousand $)
Sources of Funds
Capital a/c	286,915.00
Reserves & Surplus	-375,658.61
Loan Funds
Secured Loan	700,000.00
	611,256.39
Application of Funds
Fixed Assets
Gross Block	459,020.00
Less: Accumulated Depreciation	45,902.00
Net Block	413,118.00
Current Assets, Loans & Advances
Inventories	33,072.00
Advance Deposit	23,830.00
Rental Deposit	34,000.00
Sundry Debtors	88,888.00
Bank	18,348.39
	611,256.39
Cash Flow statement for the year ended December 31, 2017	(In thousand $)
Cash flow from operating activities
Net profit before taxation	-375,658.61
Adjusted for:
Depreciation	45,902.00
Interest expenses	25,534.00
Operating profit before working capital changes	-304,222.61
Adjusted for:
Inventories	-33,072.00
Advance	-23,830.00
Deposit	-34,000.00
Sundry Debtors	-88,888.00
Cash generated from operations	-484,012.61
Cash flow from investing activities
Purchase of fixed assets	-459,020.00
Cash used in investing activities	-459,020.00
Cash flow from financing activities
Secured loan	700,000.00
Capital	286,915.00
Interest exp	-25,534.00
Net cash from financing activities	961,381.00
Net increase in cash & bank	18,348.39
Opening cash & bank	0.00
Closing cash & bank	18,348.39