Sketch Star
for
I
Makers
Inc
.
Income statement
the year end on 31 Dec 2018
I·
$
Details
Service Revenue
Expenses
:
and
salary
supply
wage expense
expense
expense
Insurance
Depreciation expense
Total Expenses
and tax
Profit before interest
38 , 800
(875)
Interest expense
Tax
Net
(7 , 585)
expense
30 , 348
profit
Sketch
Star Makers
Inc
.
Retained Earnings
for
the
year ended
on 31
Dec 2018
Details
S
Balance on 1 January
Net
profit on
1 , 200
2018
31 December
30 , 348
2018
Balance on 31 December 2018
31 , 540
Sketch
Star Makers
Inc
.
Balance sheet
As of
I
Details
31 Dec 2018
&
Assets
Non-current asset
15 , 000
Equipment
Asset
Current
Book value
Iacumentaon) me
14 , 500)
65 , 000
Cash
Account
receivable
Pre-paid insurance
8 , 000
5 , 400
600
supply
Total Assets
stockholder
equity
37 , 548
Retained earning
Liability
revenue
4508
salaries and wage payable
15, 000
unearned
Interest payable
875
payable
7 , 985
Tax
79 , 000
89 , 500
Liabilities and stockholder equity
current
10 , 500
Non-current
liability
Notes
payable
27 , 968
30 , 000
89 , 500