INITIAL PROJECT COST OFFICE SUPPLIES

QUANTITY UNIT COST

Office Supplies 1,225.50 Bond paper (long) 1 145.00
Maintenance Supplies 50,600.00 Bond paper (short) 1 125.00
Other Supplies 306.25 Stapler 1 50.00
Furniture and Fixtures 26,310.00 Ballpen 1 168.00
Tools and Equipment 1,667,650.00 Log books 2 80.00
Salaries 108,300.00 Calculator 1 230.00
Repairs and Maintenance 2,700.00 Puncher 1 90.00
Advertising Expense 415.00 Epson Ink (Assorted) 1 3,500.00
Utilities Expense 17,700.00 Folder (long) 15 8.00
Organizational Cost 12,210.00 Folder (short) 15 6.00
Rent Expense 108,000.00 Fasteners 2 20.00
Clear Tape 2 22.00
Scissor 2 60.00
Staple Wire 1 20.00

TOTAL 1,995,416.75

CAPITAL 2,000,000.00

NORMAL CAPACITY 129,600

PRICE
2018 15.00 15
2019 16.00 16
2020 17.00 17
2021 18.00 18
2022 19.00 19
 MACHINE SUPPLIES
TOTAL QUANTITY UNIT COST TOTAL
145.00 Stationary nylon brush (55) 10 2,750.00 27,500.00
125.00 Upper rotary fiber brush(54) 20 2,700.00 54,000.00
50.00 Lower rotary fiber brush(51) 20 2,550.00 51,000.00
168.00 Vacuum filter (15) 10 750.00 7,500.00
160.00 Dustbags 12's (12) 64 600.00 38,400.00
230.00 Replacement HEPA filter (26) 10 1,300.00 13,000.00
90.00 HEPA filter adapter (22) 10 1,100.00 11,000.00
3,500.00
120.00
90.00
40.00
44.00
120.00
20.00

4,902.00 202,400.00

Ave. exchange rate as of May, 2017 50

49.94 rounded of
 OTHER SUPPLIES FURNITURE AND FIXTURES
QUANTITY UNIT COST TOTAL
Air freshener 2 60.00 120.00 Filing Cabinet
Softbroom 1 120.00 120.00 Side Table
Brush 1 35.00 35.00 Office Table
Dust pan 1 90.00 90.00 Swivel Chair
Mop 1 150.00 150.00 Three-Seater Sofa
Liquid hand soap 2 50.00 100.00 Chair
Trash bag 10's 5 30.00 150.00
Tissue 12's 1 120.00 120.00
Toilet Cleaner 1 60.00 60.00
Trash bin 2 140.00 280.00

1,225.00
FURNITURE AND FIXTURES TOOLS AND EQUIPMENT
QUANTITY UNIT COST TOTAL QUANTITY
1 5,600.00 5,600.00 Shoe Cleaner Machine (4800) 4
1 2,200.00 2,200.00 Generator 1
2 2,660.00 5,320.00 Desktop 1
2 2,300.00 4,600.00 Security System Camera 3
1 4,990.00 4,990.00 Tool Box 1
6 600.00 3,600.00 Printer 1
Telephone 1
Emergency Lights 1
Water Dispenser 1
Fire Extinguisher 1
Mitsubishi L300 Deluxe Cab 1

26,310.00
ND EQUIPMENT SALARIES
UNIT COST TOTAL MONTHLY SALARY
240,000.00 960,000.00 Maintenance and Utilities Personnel 9,600.00
48,740.00 48,740.00 Manager 16,500.00
24,200.00 24,200.00 Bookkeeper 10,000.00
2,580.00 7,740.00
4,800.00 4,800.00
4,850.00 4,850.00
1,800.00 1,800.00
1,190.00 1,190.00
1,030.00 1,030.00
3,300.00 3,300.00
610,000.00 610,000.00

1,667,650.00
 REPAIRS AND MAINTENANCE TAXES AND LICENSES
ANNUAL SALARY QUARTERLY ANNUAL COST
115,200.00 2,700.00 10,800.00
198,000.00
120,000.00

433,200.00 10,800.00
AND LICENSES ADVERTISING EXPENSE
ANNUAL COST QUANTITY UNIT COST TOTAL
Tarpaulin 4 340.00 1,360.00
Poster 60 5.00 300.00

1,660.00
 UTILITIES EXPENSE ORGANIZATIONAL COST
MONTHLY COST ANNUAL COST
Electricity - Admin. 1,300.00 15,600.00 SEC Registration
Electricity - OH 2,800.00 33,600.00 Barangay Clearance
Water 300.00 3,600.00 Community tax Clearance
Telephone and Internet 1,300.00 15,600.00 Mayor's Business Permit
Gas 200.00 2,400.00 BIR Registration Fee
BIR Certification Fee
Business Plate Fee
Garbage Fee

70,800.00
ATIONAL COST RENT EXPENSE
MONTHLY COST ANNUAL COST
500.00 Office Rent 28,000.00 336,000.00
200.00 Space Rent 8,000.00 96,000.00
500.00
10,000.00
500.00
100.00
150.00
260.00

12,210.00 432,000.00
 2018
1 Note 1: OFFICE SUPPLIES 2018
BEGINNING BALANCE -
ADD: Purchases
Bond paper (long) 145.00
Bond paper (short) 125.00
Stapler 50.00
Ballpen 168.00
Log books 160.00
Calculator 230.00
Puncher 90.00
Epson Ink (Assorted) 3,500.00
Folder (long) 120.00
Folder (short) 90.00
Fasteners 40.00
Clear Tape 44.00
Scissor 120.00
Staple Wire 20.00
TOTAL PURCHASES 4,902.00
TOTAL OFFICE SUPPLIES 4,902.00
Percentage of Used Supplies 80%
OFFICE SUPPLIES EXPENSE 3,921.60
ENDING BALANCE 980.40

2 Note 2: MACHINE SUPPLIES 2018

BEGINNING BALANCE -
ADD: Purchases
Stationary nylon brush 27,500.00
Upper rotary fiber brush 54,000.00
Lower rotary fiber brush 51,000.00
Vacuum filter 7,500.00
Dustbags 12's 38,400.00
Replacement HEPA filter 13,000.00
HEPA filter adapter 11,000.00
TOTAL PURCHASES 202,400.00
TOTAL MACHINE SUPPLIES 202,400.00
Percentage of Used Machine Supplies 80%
MAINTENANCE SUPPLIES EXPENSE - COS 161,920.00
ENDING BALANCE 40,480.00

3 Note 3: OTHER SUPPLIES 2018

BEGINNING BALANCE -
ADD: Purchases
Air freshener 120.00
Softbroom 120.00
 Brush 35.00
Dust pan 90.00
Mop 150.00
Liquid hand soap 100.00
Trash bag 10's 150.00
Tissue 12's 120.00
Toilet Cleaner 60.00
Trash bin 280.00
TOTAL PURCHASES 1,225.00
TOTAL OTHER SUPPLIES 1,225.00
Percentage of Used Other Supplies 80%
OTHER SUPPLIES EXPENSE 980.00
ENDING BALANCE 245.00

4 Note 4: FURNITURE AND FIXTURES 2018

Steel Cabinet 5,600.00
Side Table 2,200.00
Office Table 5,320.00
Swivel Chair 4,600.00
Three-Seater Sofa 4,990.00
Waiting Chair 3,600.00
TOTAL 26,310.00

5 Note 5: ACCUMULATED DEP'N - F & F 2018

Furniture and Fixtures 26,310.00
Useful Life in years 10
DEPRECIATION EXPENSE 2,631.00
ACCUMULATED DEPRECIATION 2,631.00

6 Note 6: TOOLS AND EQUIPMENT 2018

Shoe Cleaner Machine 960,000.00
Generator 48,740.00
Desktop 24,200.00
Security System Camera 7,740.00
Tool Box 4,800.00
Printer 4,850.00
Telephone 1,800.00
Emergency Lights 1,190.00
Water Dispenser 1,030.00
Mitsubishi L300 Deluxe Cab 610,000.00
Fire Extinguisher 3,300.00
TOTAL ###

7 Note 7: ACCUMULATED DEP'N - T & Q COST UL 2018

Generator 48,740.00 8 6,092.50
 Desktop 24,200.00 5 4,840.00
Security System Camera 7,740.00 7 1,105.71
Tool Box 4,800.00 10 480.00
Printer 4,850.00 5 970.00
Telephone 1,800.00 7 257.14
Emergency Lights 1,190.00 8 148.75
Water Dispenser 1,030.00 8 128.75
Mitsubishi L300 Deluxe Cab ### 7 87,142.86
Fire Extinguisher 3,300.00 10 330.00
DEPRECIATION EXPENSE 101,495.71
ACCUMULATED DEPRECIATION 101,495.71

8 Note 8: DEPRECIATION EXPENSE 2018

Furniture and Fixtures 2,631.00
Tools and Equipment 101,495.71
TOTAL 104,126.71

9 Note 9: SALARIES EXPENSE 2018

Monthly Salary 9,600.00
Multiply: Number of Months 12
Total Annual Salary 115,200.00
Less: SSS 345.20
PhilHealth 112.50
HDMF 100.00
Total Employee's Share 557.70
Withholding Tax 564.63
Deductions 1,122.33
Multiply: Number of Months 12
Total Deductions 13,467.96
Net Cash Received by Employee 101,732.04

10 Note 10: REPAIRS AND MAINTENANCE 2018

Cost 2,700.00
Frequency 4
TOTAL 10,800.00

11 Note 11: ADVERTISING EXPENSE 2018

Tarpaulin 1,360.00
Poster 300.00
TOTAL 1,660.00

12 Note 12: UTILITIES EXPENSE 2018

Electricity - Administrative 15,600.00
Water 3,600.00
Gas 2,400.00
 Telephone and Internet 15,600.00
TOTAL 37,200.00

13 Note 13: ORGANIZATIONAL COST 2018

SEC Registration Fee 500.00
Barangay Clearance 200.00
Community tax Clearance 500.00
Mayor's Business Permit 10,000.00
BIR Registration Fee 500.00
BIR Certification Fee 100.00
Business Plate Fee 150.00
Garbage Fee 260.00
TOTAL 12,210.00

14 Note 14: TAXES AND LICENSES 2018

SEC Registration Fee -
Barangay Clearance -
Community tax Clearance -
Mayor's Business Permit -
BIR Registration Fee -
BIR Certification Fee -
Business Plate Fee -
Garbage Fee -
TOTAL -

15 Note 15: DRAWINGS 2018

Baui, capital 200,000.00
Changilan, capital 200,000.00
Duclan, capital 200,000.00
Ramos, capital 200,000.00
Wacangan, capital 200,000.00
TOTAL ###

16 Note 16: SERVICE REVENUE 2018

Projected Demand (Normal Capacity) 129,600
Pojected Price 15.00
TOTAL REVENUE ###

17 Note 17: RENT EXPENSE 2018

Office Rent 336,000.00
TOTAL RENT EXPENSE 336,000.00

18 Note 18: SSS CONTRIBUTION Monthly Share 2018

BEGINNING BALANCE -
ADD: Contributions
 Employee's share 345.20 4,142.40
Employer's share 709.80 8,517.60
Total Contribution 1,055.00 12,660.00
TOTAL SSS PAYABLE 12,660.00
Payment Remitted except December 11,605.00
ENDING BALANCE (December) 1,055.00

19 Note 19: PHILHEALTH CONTRIBUTIONMonthly Share 2018

BEGINNING BALANCE -
ADD: Contributions
Employee's share 112.50 1,350.00
Employer's share 112.50 1,350.00
Total Contribution 225.00 2,700.00
TOTAL PHILHEALTH PAYABLE 2,700.00
Payment Remitted except December 2,475.00
ENDING BALANCE (December) 225.00

20 Note 20: HDMF CONTRIBUTION Monthly Share 2018

BEGINNING BALANCE -
ADD: Contributions
Employee's share 100.00 1,200.00
Employer's share 100.00 1,200.00
Total Contribution 200.00 2,400.00
TOTAL HDMF PAYABLE 2,400.00
Payment Remitted except December 2,200.00
ENDING BALANCE (December) 200.00

21 Note 21: EMPLOYEE BENEFITS Monthly Share 2018

SSS 709.80 8,517.60
Philhealth 112.50 1,350.00
HDMF 100.00 1,200.00
13th month pay 9,600.00
TOTAL 20,667.60

22 Note 22: COST OF SERVICE 2018

Utilities Expense - Electricity 33,600.00
Rent Expense 96,000.00
Maintenance Supplies Expense 161,920.00
Depreciation of Shoe Cleaner Machine 160,000.00
TOTAL 451,520.00

23 Note 23: WITHHOLDING TAX PAYABLE 2018

BEGINNING BALANCE -
Withholding Tax 564.63
Months of service 12
 Annual withholding tax 6,775.56
TOTAL WITHHOLDING TAX PAYABLE 6,775.56
Withholding tax paid 5,081.67
ENDING BALANCE (last quarter) 1,693.89

24 Note 24: INCOME TAX PAYABLE 2018

BEGINNING BALANCE -
Income Tax Expense 254,914.23
TOTAL INCOME TAX PAYABLE 254,914.23
Income tax paid 191,185.67
ENDING BALANCE (last quarter) 63,728.56

25 Note 25: DEP'N EXPENSE - Shoe Cleaner Machine 2018

Shoe Cleaner Machine 960,000.00
USeful Life in years 6
Depreciation Expense 160,000.00
Accumulated Depreciation 160,000.00

2018
Utilities Expense - Electricity 33,600.00
Rent Expense 96,000.00
Maintenance Supplies Expense 161,920.00
Depreciation of Shoe Cleaner Machine 160,000.00
TOTAL 451,520.00
Divided by: Normal Capacity 129,600.00
Cost of Service per pair of shoe 3.48
 2019 2020 2021 2022
2019 2020 2021 2022
980.40 1,205.89 1,281.28 1,327.57

149.35 153.83 158.45 163.20

128.75 132.61 136.59 140.69
51.50 53.05 54.64 56.28
173.04 178.23 183.58 189.09
164.80 169.74 174.84 180.08
236.90 244.01 251.33 258.87
92.70 95.48 98.35 101.30
3,605.00 3,713.15 3,824.54 3,939.28
123.60 127.31 131.13 135.06
92.70 95.48 98.35 101.30
41.20 42.44 43.71 45.02
45.32 46.68 48.08 49.52
123.60 127.31 131.13 135.06
20.60 21.22 21.85 22.51
5,049.06 5,200.53 5,356.55 5,517.24
6,029.46 6,406.42 6,637.83 6,844.81
80% 80% 80% 80%
4,823.57 5,125.14 5,310.27 5,475.85
1,205.89 1,281.28 1,327.57 1,368.96

2019 2020 2021 2022

40,480.00 49,790.40 52,903.31 54,814.25

28,325.00 29,174.75 30,049.99 30,951.49

55,620.00 57,288.60 59,007.26 60,777.48
52,530.00 54,105.90 55,729.08 57,400.95
7,725.00 7,956.75 8,195.45 8,441.32
39,552.00 40,738.56 41,960.72 43,219.54
13,390.00 13,791.70 14,205.45 14,631.61
11,330.00 11,669.90 12,020.00 12,380.60
208,472.00 214,726.16 221,167.94 227,802.98
248,952.00 264,516.56 274,071.26 282,617.23
80% 80% 80% 80%
199,161.60 211,613.25 219,257.01 226,093.79
49,790.40 52,903.31 54,814.25 56,523.45

2019 2020 2021 2022

245.00 301.35 320.19 331.76

123.60 127.31 131.13 135.06

123.60 127.31 131.13 135.06
 36.05 37.13 38.25 39.39
92.70 95.48 98.35 101.30
154.50 159.14 163.91 168.83
103.00 106.09 109.27 112.55
154.50 159.14 163.91 168.83
123.60 127.31 131.13 135.06
61.80 63.65 65.56 67.53
288.40 297.05 305.96 315.14
1,261.75 1,299.60 1,338.59 1,378.75
1,506.75 1,600.95 1,658.78 1,710.50
80% 80% 80% 80%
1,205.40 1,280.76 1,327.02 1,368.40
301.35 320.19 331.76 342.10

2019 2020 2021 2022

- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -

2019 2020 2021 2022

26,310.00 26,310.00 26,310.00 26,310.00
10 10 10 10
2,631.00 2,631.00 2,631.00 2,631.00
5,262.00 7,893.00 10,524.00 13,155.00

2019 2020 2021 2022

- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -

- - - -
- - - -

2019 2020 2021 2022

6,092.50 6,092.50 6,092.50 6,092.50
 4,840.00 4,840.00 4,840.00 4,840.00
1,105.71 1,105.71 1,105.71 1,105.71
480.00 480.00 480.00 480.00
970.00 970.00 970.00 970.00
257.14 257.14 257.14 257.14
148.75 148.75 148.75 148.75
128.75 128.75 128.75 128.75
87,142.86 87,142.86 87,142.86 87,142.86
330.00 330.00 330.00 330.00
101,495.71 101,495.71 101,495.71 101,495.71
202,991.43 304,487.14 405,982.86 507,478.57

2019 2020 2021 2022

2,631.00 2,631.00 2,631.00 2,631.00
101,495.71 101,495.71 101,495.71 101,495.71
104,126.71 104,126.71 104,126.71 104,126.71

2019 2020 2021 2022

9,600.00 9,600.00 9,600.00 9,600.00
12 12 12 12
115,200.00 115,200.00 115,200.00 115,200.00
345.20 345.20 345.20 345.20
112.50 112.50 112.50 112.50
100.00 100.00 100.00 100.00
557.70 557.70 557.70 557.70
564.63 564.63 564.63 564.63
1,122.33 1,122.33 1,122.33 1,122.33
12 12 12 12
13,467.96 13,467.96 13,467.96 13,467.96
101,732.04 101,732.04 101,732.04 101,732.04

2019 2020 2021 2022

2,781.00 2,864.43 2,950.36 3,038.87
4 4 4 4
11,124.00 11,457.72 11,801.45 12,155.50

2019 2020 2021 2022

1,400.80 1,442.82 1,486.11 1,530.69
309.00 318.27 327.82 337.65
1,709.80 1,761.09 1,813.93 1,868.34

2019 2020 2021 2022

16,068.00 16,550.04 17,046.54 17,557.94
3,708.00 3,819.24 3,933.82 4,051.83
2,472.00 2,546.16 2,622.54 2,701.22
 16,068.00 16,550.04 17,046.54 17,557.94
38,316.00 39,465.48 40,649.44 41,868.93

2019 2020 2021 2022

- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -

2019 2020 2021 2022

500.00 500.00 500.00 500.00
200.00 200.00 200.00 200.00
500.00 500.00 500.00 500.00
9,720.00 10,368.00 11,016.00 11,664.00
500.00 500.00 500.00 500.00
100.00 100.00 100.00 100.00
- - - -
260.00 260.00 260.00 260.00
11,780.00 12,428.00 13,076.00 13,724.00

2019 2020 2021 2022

226,679.99 245,354.21 261,705.45 277,208.50
127,679.99 96,854.21 88,455.45 91,583.50
127,679.99 96,854.21 88,455.45 91,583.50
187,679.99 186,854.21 193,455.45 204,083.50
127,679.99 96,854.21 88,455.45 91,583.50
797,399.93 722,771.03 720,527.23 756,042.52

2019 2020 2021 2022

129,600 129,600 129,600 129,600
16.00 17.00 18.00 19.00
### ### ### ###

2019 2020 2021 2022

346,080.00 356,462.40 367,156.27 378,170.96
346,080.00 356,462.40 367,156.27 378,170.96

2019 2020 2021 2022

1,055.00 1,055.00 1,055.00 1,055.00
 4,142.40 4,142.40 4,142.40 4,142.40
8,517.60 8,517.60 8,517.60 8,517.60
12,660.00 12,660.00 12,660.00 12,660.00
13,715.00 13,715.00 13,715.00 13,715.00
12,660.00 12,660.00 12,660.00 12,660.00
1,055.00 1,055.00 1,055.00 1,055.00

2019 2020 2021 2022

225.00 225.00 225.00 225.00

1,350.00 1,350.00 1,350.00 1,350.00

1,350.00 1,350.00 1,350.00 1,350.00
2,700.00 2,700.00 2,700.00 2,700.00
2,925.00 2,925.00 2,925.00 2,925.00
2,700.00 2,700.00 2,700.00 2,700.00
225.00 225.00 225.00 225.00

2019 2020 2021 2022

200.00 200.00 200.00 200.00

1,200.00 1,200.00 1,200.00 1,200.00

1,200.00 1,200.00 1,200.00 1,200.00
2,400.00 2,400.00 2,400.00 2,400.00
2,600.00 2,600.00 2,600.00 2,600.00
2,400.00 2,400.00 2,400.00 2,400.00
200.00 200.00 200.00 200.00

2019 2020 2021 2022

8,517.60 8,517.60 8,517.60 8,517.60
1,350.00 1,350.00 1,350.00 1,350.00
1,200.00 1,200.00 1,200.00 1,200.00
9,600.00 9,600.00 9,600.00 9,600.00
20,667.60 20,667.60 20,667.60 20,667.60

2019 2020 2021 2022

34,608.00 35,646.24 36,715.63 37,817.10
98,880.00 101,846.40 104,901.79 108,048.85
199,161.60 211,613.25 219,257.01 226,093.79
160,000.00 160,000.00 160,000.00 160,000.00
492,649.60 509,105.89 520,874.42 531,959.73

2019 2020 2021 2022

1,693.89 2,117.36 2,223.23 2,249.70
564.63 564.63 564.63 564.63
12 12 12 12
 6,775.56 6,775.56 6,775.56 6,775.56
8,469.45 8,892.92 8,998.79 9,025.26
6,352.09 6,669.69 6,749.09 6,768.94
2,117.36 2,223.23 2,249.70 2,256.31

2019 2020 2021 2022

63,728.56 85,375.94 98,302.92 109,385.50
277,775.20 307,835.76 339,239.06 370,744.19
341,503.75 393,211.70 437,541.99 480,129.69
256,127.81 294,908.77 328,156.49 360,097.27
85,375.94 98,302.92 109,385.50 120,032.42

2019 2020 2021 2022

960,000.00 960,000.00 960,000.00 960,000.00
6 6 6 6
160,000.00 160,000.00 160,000.00 160,000.00
320,000.00 480,000.00 640,000.00 800,000.00

2019 2020 2021 2022

34,608.00 35,646.24 36,715.63 37,817.10
98,880.00 101,846.40 104,901.79 108,048.85
199,161.60 211,613.25 219,257.01 226,093.79
160,000.00 160,000.00 160,000.00 160,000.00
492,649.60 509,105.89 520,874.42 531,959.73
129,600.00 129,600.00 129,600.00 129,600.00
3.80 3.93 4.02 4.10
 TRANSACTIONS 2018
Dr Cr
CAPITAL CONTRIBUTION
Cash 2,000,000.00
Baui, cap 400,000.00
Changilan, cap 400,000.00
Duclan, cap 400,000.00
Ramos, cap 400,000.00
Wacangan, cap 400,000.00

PURCHASES
Office Supplies 4,902.00 -
Maintenance Supplies 202,400.00 -
Other Supplies 1,225.00 -
Furnitures and Fixtures 26,310.00
Tools and Equipments 1,667,650.00
Cash 1,902,487.00

PAYMENT
Organizational Cost/Taxes and Licenses 12,210.00
Cash 12,210.00

DEPRECIATION
Accumulated Dep'n - F & F 2,631.00
Accumulated Dep'n - T & Q 261,495.71
Dep'n expense 104,126.71 -
OH - Dep'n 160,000.00 -

PAYMENT
Rent Expense 336,000.00 -
OH - Rent 96,000.00 -
Advertising Expense 1,660.00 -
Utilities Expense 37,200.00 -
OH - Utilities 33,600.00 -
Repairs and maintenance 10,800.00 -
Cash 515,260.00

OH - Maintenance supplies expense 161,920.00 -

office supplies expense 3,921.60 -
other supplies expense 980.00 -
maintenance supplies 161,920.00
office supplies 3,921.60
other supplies 980.00

salaries expense 115,200.00 -

 sss payable 4,142.40
philhealth payable 1,350.00
hdmf payable 1,200.00
withholding tax payable 6,775.56
cash 101,732.04

employee benefits 20,667.60 -

sss payable 8,517.60
philhealth payable 1,350.00
hdmf payable 1,200.00
13th month pay 9,600.00

sss payable 11,605.00 -

philhealth payable 2,475.00 -
hdmf payable 2,200.00 -
13th month pay 9,600.00 -
withholding tax payable 5,081.67 -
cash 30,961.67

Cost of service 451,520.00 -

OH - Rent Expense 96,000.00
OH - Depreciaton 160,000.00
OH - Maintenance supplies 161,920.00
OH - Utilities 33,600.00

cash 1,944,000.00 -
service revenue 1,944,000.00

service revenue 1,944,000.00 -

cost of service 451,520.00
organizational cost/taxes and licenses 12,210.00
office supplies expense 3,921.60
other supplies expense 980.00
salaries expense 115,200.00
repairs and maintenance 10,800.00
advertising expense 1,660.00
utilities expense 37,200.00
rent expense 336,000.00
depreciation expense 104,126.71
employee benefits 20,667.60
income summary 849,714.09

baui, capital 200,000.00 -

changilan, capital 200,000.00 -
duclan, capital 200,000.00 -
ramos, capital 200,000.00 -
wacangan, capital 200,000.00 -
cash 1,000,000.00

income tax expense 254,914.23 -

income tax payable 254,914.23

income tax payable 191,185.67 -

cash 191,185.67

income summary 254,914.23 -

income tax expense 254,914.23

INCOME SUMMARY 594,799.86 -

BAUI, CAP 253,359.97
CHANGILAN, CAP 55,359.97
DUCLAN, CAP 55,359.97
RAMOS, CAP 175,359.97
WACANGAN, CAP 55,359.97

11,663,068.57 11,663,068.57

CASH 2,000,000.00
1,902,487.00
12,210.00
515,260.00
101,732.04
30,961.67
1,944,000.00 -
1,000,000.00
191,185.67

OFFICE SUPPLIES 4,902.00 -

3,921.60

MAINTENANCE SUPPLIES 202,400.00 -

161,920.00

OTHER SUPPLIES 1,225.00 -

 980.00

FURNITURE AND FIXTURES 26,310.00 -

AD 2,631.00

TOOLS AND EQUIPMENT 1,667,650.00 -

AD 261,495.71

SSS PAYABLE 4,142.40

8,517.60
11,605.00 -

PHILHEALTH PAYABLE 1,350.00

1,350.00
2,475.00 -

HDMF PAYABLE 1,200.00

1,200.00
2,200.00 -

WITHHOLDING TAX PAYABLE 6,775.56

5,081.67 -

INCOME TAX PAYABLE 254,914.23

191,185.67 -

BAUI, CAP 400,000.00

200,000.00 -
253,359.97

CHANGILAN, CAP 400,000.00

200,000.00 -
55,359.97

DUCLAN, CAP 400,000.00

 200,000.00 -
55,359.97

RAMOS, CAP 400,000.00

200,000.00 -
175,359.97

WACANGAN, CAP 400,000.00

200,000.00 -
55,359.97

SERVICE REVENUE 1,944,000.00

1,944,000.00 -

COS 451,520.00 -
451,520.00

OFFICE SUPPLIES EXPENSE 3,921.60 -

3,921.60

OTHER SUPPLIES EXPENSE 980.00 -

980.00

DEPRECIATION EXPENSE 104,126.71 -

104,126.71

OC/TAXES AND LICENSES 12,210.00 -

12,210.00

OH 160,000.00 -
96,000.00 -
33,600.00 -
161,920.00 -
96,000.00
160,000.00
161,920.00
33,600.00
RENT EXPENSE 336,000.00 -
336,000.00

UTILITIES EXPENSE 37,200.00 -

37,200.00

ADVERTISING EXPENSE 1,660.00 -

1,660.00

REPAIRS AND MAINTENANCE 10,800.00 -

10,800.00

SALARIES EXPENSE 115,200.00 -

115,200.00

EMPLOYEE BENEFITS 20,667.60 -

20,667.60

INCOME SUMMARY 849,714.09

254,914.23 -
594,799.86 -

INCOME TAX EXPENSE 254,914.23 -

254,914.23

TOTAL 11,653,468.57 11,653,468.57

INCOME
 2019 2020
Dr Cr Dr Cr

5,049.06 - 5,200.53 -
208,472.00 - 214,726.16 -
1,261.75 - 1,299.60 -
- -
- -
214,782.81 221,226.29

11,780.00 - 12,428.00 -
- 11,780.00 - 12,428.00

- 2,631.00 - 2,631.00
- 261,495.71 - 261,495.71
104,126.71 - 104,126.71 -
160,000.00 - 160,000.00 -

346,080.00 - 356,462.40 -
98,880.00 - 101,846.40 -
1,709.80 - 1,761.09 -
38,316.00 - 39,465.48 -
34,608.00 - 35,646.24 -
11,124.00 - 11,457.72 -
- 530,717.80 - 546,639.33

199,161.60 - 211,613.25 -
4,823.57 - 5,125.14 -
1,205.40 - 1,280.76 -
- 199,161.60 - 211,613.25
- 4,823.57 - 5,125.14
- 1,205.40 - 1,280.76

115,200.00 - 115,200.00 -
 - 4,142.40
- 1,350.00
- 1,200.00
- 6,775.56
- 101,732.04
- 4,142.40
- 1,350.00
- 1,200.00
- 6,775.56
- 101,732.04

20,667.60 - 20,667.60 -
- 8,517.60 - 8,517.60
- 1,350.00 - 1,350.00
- 1,200.00 - 1,200.00
- 9,600.00 - 9,600.00

12,660.00 - 12,660.00 -
2,700.00 - 2,700.00 -
2,400.00 - 2,400.00 -
9,600.00 - 9,600.00 -
6,352.09 - 6,669.69 -
- 33,712.09 - 34,029.69

492,649.60 - 509,105.89 -
- 98,880.00 - 101,846.40
- 160,000.00 - 160,000.00
- 199,161.60 - 211,613.25
- 34,608.00 - 35,646.24

2,073,600.00 - 2,203,200.00 -
- 2,073,600.00 - 2,203,200.00

2,073,600.00 - 2,203,200.00
- 492,649.60
- 11,780.00
- 4,823.57
- 1,205.40
- 115,200.00
- 11,124.00
- 1,709.80
- 38,316.00
- 346,080.00
- 104,126.71
- 20,667.60
- 925,917.32
-
- 509,105.89
- 12,428.00
- 5,125.14
- 1,280.76
- 115,200.00
- 11,457.72
- 1,761.09
- 39,465.48
- 356,462.40
- 104,126.71
- 20,667.60
- 1,026,119.20

226,679.99 - 245,354.21 -
127,679.99 - 96,854.21 -
127,679.99 - 96,854.21 -
 187,679.99 - 186,854.21 -
127,679.99 - 96,854.21 -
- 797,399.93 - 722,771.03

277,775.20 - 307,835.76 -
- 277,775.20 - 307,835.76

256,127.81 - 294,908.77 -
- 256,127.81 - 294,908.77

277,775.20 - 307,835.76 -
- 277,775.20 - 307,835.76

648,142.12 - 718,283.44 -
264,028.42 278,056.69
66,028.42 80,056.69
66,028.42 80,056.69
186,028.42 200,056.69
66,028.42 80,056.69

8,293,247.44 8,293,247.44 8,699,477.44 8,699,477.44

- 214,782.81 - 221,226.29
- 11,780.00 - 12,428.00
- 530,717.80 - 546,639.33
- 101,732.04 - 101,732.04
- 33,712.09 - 34,029.69
2,073,600.00 - 2,203,200.00 -
- 797,399.93 - 722,771.03
- 256,127.81 - 294,908.77

5,049.06 - 5,200.53 -
- 4,823.57 - 5,125.14

208,472.00 - 214,726.16 -
- 199,161.60 - 211,613.25

1,261.75 - 1,299.60 -
 - 1,205.40 - 1,280.76

- - - -

- 2,631.00 - 2,631.00

- - - -

- 261,495.71 - 261,495.71

- 4,142.40 - 4,142.40
- 8,517.60 - 8,517.60
12,660.00 - 12,660.00 -

- 1,350.00 - 1,350.00
- 1,350.00 - 1,350.00
2,700.00 - 2,700.00 -

- 1,200.00 - 1,200.00
- 1,200.00 - 1,200.00
2,400.00 - 2,400.00 -

- 6,775.56 - 6,775.56
6,352.09 - 6,669.69 -

- 277,775.20 - 307,835.76
256,127.81 - 294,908.77 -

226,679.99 - 245,354.21 -
- 264,028.42 - 278,056.69

127,679.99 - 96,854.21 -
- 66,028.42 - 80,056.69
 127,679.99 - 96,854.21 -
- 66,028.42 - 80,056.69

187,679.99 - 186,854.21 -
- 186,028.42 - 200,056.69

127,679.99 - 96,854.21 -
- 66,028.42 - 80,056.69

- 2,073,600.00 - 2,203,200.00
2,073,600.00 - 2,203,200.00 -

492,649.60 - 509,105.89 -
- 492,649.60 - 509,105.89

4,823.57 - 5,125.14 -
- 4,823.57 - 5,125.14

1,205.40 - 1,280.76 -
- 1,205.40 - 1,280.76

104,126.71 - 104,126.71 -
- 104,126.71 - 104,126.71

11,780.00 - 12,428.00 -
- 11,780.00 - 12,428.00

160,000.00 - 160,000.00 -
98,880.00 - 101,846.40 -
34,608.00 - 35,646.24 -
199,161.60 - 211,613.25 -
- 98,880.00 - 101,846.40
- 160,000.00 - 160,000.00
- 199,161.60 - 211,613.25
- 34,608.00 - 35,646.24
 346,080.00 - 356,462.40 -
- 346,080.00 - 356,462.40

38,316.00 - 39,465.48 -
- 38,316.00 - 39,465.48

1,709.80 - 1,761.09 -
- 1,709.80 - 1,761.09

11,124.00 - 11,457.72 -
- 11,124.00 - 11,457.72

115,200.00 - 115,200.00 -
- 115,200.00 - 115,200.00

20,667.60 - 20,667.60 -
- 20,667.60 - 20,667.60

- 925,917.32 - 1,026,119.20
277,775.20 - 307,835.76 -
648,142.12 - 718,283.44 -

277,775.20 - 307,835.76 -
- 277,775.20 - 307,835.76

8,283,647.44 8,283,647.44 8,689,877.44 8,689,877.44

 2021 2022
Dr Cr Dr Cr

5,356.55 - 5,517.24
221,167.94 - 227,802.98
1,338.59 - 1,378.75
- -
- -
227,863.08 234,698.98

13,076.00 - 13,724.00 -
- 13,076.00 - 13,724.00

- 2,631.00 - 2,631.00
- 261,495.71 - 261,495.71
104,126.71 - 104,126.71 -
160,000.00 - 160,000.00 -

367,156.27 - 378,170.96 -
104,901.79 - 108,048.85 -
1,813.93 - 1,868.34 -
40,649.44 - 41,868.93 -
36,715.63 - 37,817.10
11,801.45 - 12,155.50 -
- 563,038.51 - 579,929.67

219,257.01 - 226,093.79
5,310.27 - 5,475.85 -
1,327.02 - 1,368.40 -
- 219,257.01 - 226,093.79
- 5,310.27 - 5,475.85
- 1,327.02 - 1,368.40

115,200.00 - 115,200.00 -
 - 4,142.40
- 1,350.00
- 1,200.00
- 6,775.56
- 101,732.04
- 4,142.40
- 1,350.00
- 1,200.00
- 6,775.56
- 101,732.04

20,667.60 - 20,667.60 -
- 8,517.60 - 8,517.60
- 1,350.00 - 1,350.00
- 1,200.00 - 1,200.00
- 9,600.00 - 9,600.00

12,660.00 - 12,660.00 -
2,700.00 - 2,700.00 -
2,400.00 - 2,400.00 -
9,600.00 - 9,600.00 -
6,749.09 - 6,768.94 -
- 34,109.09 - 34,128.94

520,874.42 - 531,959.73 -
- 104,901.79 - 108,048.85
- 160,000.00 - 160,000.00
- 219,257.01 - 226,093.79
- 36,715.63 - 37,817.10

2,332,800.00 - 2,462,400.00 -
- 2,332,800.00 - 2,462,400.00

2,332,800.00 - 2,462,400.00
- 520,874.42
- 13,076.00
- 5,310.27
- 1,327.02
- 115,200.00
- 11,801.45
- 1,813.93
- 40,649.44
- 367,156.27
- 104,126.71
- 20,667.60
- 1,130,796.88
-
- 531,959.73
- 13,724.00
- 5,475.85
- 1,368.40
- 115,200.00
- 12,155.50
- 1,868.34
- 41,868.93
- 378,170.96
- 104,126.71
- 20,667.60
- 1,235,813.98

261,705.45 - 277,208.50 -
88,455.45 - 91,583.50 -
88,455.45 - 91,583.50 -
 193,455.45 - 204,083.50 -
88,455.45 - 91,583.50 -
- 720,527.23 - 756,042.52

339,239.06 - 370,744.19 -
- 339,239.06 - 370,744.19

328,156.49 - 360,097.27 -
- 328,156.49 - 360,097.27

339,239.06 - 370,744.19 -
- 339,239.06 - 370,744.19

791,557.81 - 865,069.78 -
292,711.56 307,413.96
94,711.56 109,413.96
94,711.56 109,413.96
214,711.56 229,413.96
94,711.56 109,413.96

9,169,169.39 9,169,169.39 9,674,871.63 9,674,871.63

- 227,863.08 - 234,698.98
- 13,076.00 - 13,724.00
- 563,038.51 - 579,929.67
- 101,732.04 - 101,732.04
- 34,109.09 - 34,128.94
2,332,800.00 - 2,462,400.00 -
- 720,527.23 - 756,042.52
- 328,156.49 - 360,097.27

5,356.55 - 5,517.24 -
- 5,310.27 - 5,475.85

221,167.94 - 227,802.98 -
- 219,257.01 - 226,093.79

1,338.59 - 1,378.75 -
 - 1,327.02 - 1,368.40

- - - -

- 2,631.00 - 2,631.00

- - - -

- 261,495.71 - 261,495.71

- 4,142.40 - 4,142.40
- 8,517.60 - 8,517.60
12,660.00 - 12,660.00 -

- 1,350.00 - 1,350.00
- 1,350.00 - 1,350.00
2,700.00 - 2,700.00 -

- 1,200.00 - 1,200.00
- 1,200.00 - 1,200.00
2,400.00 - 2,400.00 -

- 6,775.56 - 6,775.56
6,749.09 - 6,768.94 -

- 339,239.06 - 370,744.19
328,156.49 - 360,097.27 -

261,705.45 - 277,208.50 -
- 292,711.56 - 307,413.96

88,455.45 - 91,583.50 -
- 94,711.56 - 109,413.96
 88,455.45 - 91,583.50 -
- 94,711.56 - 109,413.96

193,455.45 - 204,083.50 -
- 214,711.56 - 229,413.96

88,455.45 - 91,583.50 -
- 94,711.56 - 109,413.96

- 2,332,800.00 - 2,462,400.00
2,332,800.00 - 2,462,400.00 -

520,874.42 - 531,959.73 -
- 520,874.42 - 531,959.73

5,310.27 - 5,475.85 -
- 5,310.27 - 5,475.85

1,327.02 - 1,368.40 -
- 1,327.02 - 1,368.40

104,126.71 - 104,126.71 -
- 104,126.71 - 104,126.71

13,076.00 - 13,724.00 -
- 13,076.00 - 13,724.00

160,000.00 - 160,000.00 -
104,901.79 - 108,048.85 -
36,715.63 - 37,817.10 -
219,257.01 - 226,093.79 -
- 104,901.79 - 108,048.85
- 160,000.00 - 160,000.00
- 219,257.01 - 226,093.79
- 36,715.63 - 37,817.10
 367,156.27 - 378,170.96 -
- 367,156.27 - 378,170.96

40,649.44 - 41,868.93 -
- 40,649.44 - 41,868.93

1,813.93 - 1,868.34 -
- 1,813.93 - 1,868.34

11,801.45 - 12,155.50 -
- 11,801.45 - 12,155.50

115,200.00 - 115,200.00 -
- 115,200.00 - 115,200.00

20,667.60 - 20,667.60 -
- 20,667.60 - 20,667.60

- 1,130,796.88 - 1,235,813.98
339,239.06 - 370,744.19 -
791,557.81 - 865,069.78 -

339,239.06 - 370,744.19 -
- 339,239.06 - 370,744.19

9,159,569.39 9,159,569.39 9,665,271.63 9,665,271.63

 2017
cash
office supplies
maintenance supplies
other supplies
furniture and fixtures
ad
tools and equipment
ad

sss payable
philhealth
hdmf
withholding tax
income tax
190,163.62
### 317,511.14
### 586,975.98
### 931,273.52
###

980.40
### 225.49
### 75.39
### 46.28
###

40,480.00
### 9,310.40
### 3,112.91
### 1,910.94
###
 245.00
### 56.35
### 18.84
### 11.57
###

26,310.00
### 26,310.00
### 26,310.00
### 26,310.00
###

2,631.00
### 5,262.00
### 7,893.00
### 10,524.00
###

1,667,650.00
### 1,667,650.00
### 1,667,650.00
### 1,667,650.00
###

261,495.71
### 522,991.43
### 784,487.14
### 1,045,982.86
###
1,661,702.31
### 1,492,809.95
### 1,491,762.98
### 1,570,695.45
###

1,055.00
### 1,055.00
### 1,055.00
### 1,055.00
###

225.00
### 225.00
### 225.00
### 225.00
###

200.00
### 200.00
### 200.00
### 200.00
###

1,693.89
### 2,117.36
### 2,223.23
### 2,249.70
###

63,728.56
### 85,375.94
### 98,302.92
### 109,385.50
###

453,359.97
### 490,708.41
### 523,410.89
### 554,417.01
###

255,359.97
### 193,708.41
### 176,910.89
### 183,167.01
###
 255,359.97
### 193,708.41
### 176,910.89
### 183,167.01
###

375,359.97
### 373,708.41
### 386,910.89
### 408,167.01
###

255,359.97
### 193,708.41
### 176,910.89
### 183,167.01
###
1,661,702.31
### 1,534,515.35
### 1,543,060.62
### 1,625,200.24
###

###
- -### ###
- ###
-

###
- -### ###
- ###
-

###
- -### ###
- ###
-

###
- -### ###
- ###
-

###
- -### ###
- ###
-
###
- -### ###
- ###
-

-
1,313,320.11 - - - -

41.40

1,709.20
 10.34

26,310.00

13,155.00

1,667,650.00

1,307,478.57
1,688,407.47

1,055.00

225.00

200.00

2,256.31

120,032.42

584,622.46

200,997.46
 200,997.46 - - -

433,497.46

200,997.46
1,744,881.04

-
-
 2018 2019 2020

Total Current Assets 231,869.02 368,808.78 641,480.77

Total Current Liabilities 66,902.45 88,973.30 102,006.16
CURRENT RATIO 3.47 4.15 6.29

Total Quick Assets 190,163.62 317,511.14 586,975.98

Total Current Liabilities 66,902.45 88,973.30 102,006.16
ACID-TEST RATIO 2.84 3.57 5.75

Total Current Assets 231,869.02 368,808.78 641,480.77

Total Current Liabilities 66,902.45 88,973.30 102,006.16
NET WORKING CAPITAL 164,966.57 279,835.48 539,474.61

Total Liabilities 66,902.45 88,973.30 102,006.16

Total Assets 1,661,702.31 1,534,515.35 1,543,060.62
DEBT RATIO 0.04 0.06 0.07

Total Partner's Equity 1,594,799.86 1,445,542.05 1,441,054.47

Total Assets 1,661,702.31 1,534,515.35 1,543,060.62
EQUITY RATIO 0.96 0.94 0.93

Net Income 594,799.86 648,142.12 718,283.44

Average Total Asset 830,851.15 767,257.68 771,530.31
RETURN ON ASSET 0.72 0.84 0.93

Net Income 594,799.86 648,142.12 718,283.44

Average Partner's Equity 797,399.93 1,520,170.96 1,443,298.26
RETURN ON EQUITY 0.75 0.43 0.50

Total Liabilities 66,902.45 88,973.30 102,006.16

Total Partners' Equity 1,594,799.86 1,445,542.05 1,441,054.47
DEBT-EQUITY RATIO 0.04 0.06 0.07

Net income after Tax 594,799.86 648,142.12 718,283.44

Service revenue 1,944,000.00 2,073,600.00 2,203,200.00
Net Profit Margin 0.31 0.31 0.33

Net Income after tax 594,799.86 648,142.12 718,283.44

Investment 2,000,000.00 2,000,000.00 2,000,000.00
Return on Investment 0.30 0.32 0.36
 2021 2022

987,747.10 1,371,554.62 INITIAL WORKING CAPITAL

113,115.19 123,768.74 Current Assets
8.73 11.08 Less: Current Liabilities
Initial Working Capital
931,273.52 1,313,320.11
113,115.19 123,768.74
8.23 10.61

987,747.10 1,371,554.62
113,115.19 123,768.74
874,631.90 ###

113,115.19 123,768.74
1,625,200.24 1,744,881.04
0.07 0.07

1,512,085.05 1,621,112.31
1,625,200.24 1,744,881.04
0.93 0.93

791,557.81 865,069.78
812,600.12 872,440.52
0.97 0.99

791,557.81 865,069.78
1,476,569.76 1,566,598.68
0.54 0.55

113,115.19 123,768.74
1,512,085.05 1,621,112.31
0.07 0.08

791,557.81 865,069.78
2,332,800.00 2,462,400.00
0.34 0.35

791,557.81 865,069.78
2,000,000.00 2,000,000.00
0.40 0.43
ORKING CAPITAL PAYBACK PERIOD
231,869.02 Net Cash Inflows
66,902.45 -
164,966.57 190,163.62
317,511.14
586,975.98
931,273.52
1,313,320.11
TOTAL
PAYBACK PERIOD
Investment Years
2,000,000.00 -
1,809,836.38 1
1,492,325.24 1
905,349.26 0.97
-
- -
2.97
 CLEAN AND GO COMPANY
Statement of Changes in Partner's Equit
For the year ended, December 31
Note Baui, CapitalChangilan, Capital

Partner's Initial Capital 400,000.000 400,000.000

Net Income/Loss 26 253,359.972 55,359.972
Drawings 15 200,000.000 200,000.000
Pre-Operating End. Bal. ### 255,359.972

2019 beg. Bal. 453,359.972 255,359.972

Net Income/Loss 26 264,028.424 66,028.424
Drawings 15 226,679.986 127,679.986
2019 end. Bal. ### 193,708.410

2020 beg. Bal. 490,708.410 193,708.410

Net Income/Loss 26 278,056.688 80,056.688
Drawings 15 245,354.205 96,854.205
2020 end. Bal. ### 176,910.894

2021 beg. Bal 523,410.894 176,910.894

Net Income/Loss 26 292,711.563 94,711.563
Drawings 15 261,705.447 88,455.447
2021 end. Bal. ### 183,167.009

2022 beg. Bal. 554,417.009 183,167.009

Net Income/Loss 26 307,413.957 109,413.957
Drawings 15 277,208.505 91,583.505
2022 end. Bal. ### 200,997.461

26 Note 26: PROFIT DISTRI

BAUI CHANGILAN
2018
Salaries 198,000.00 -
Share in Excess 55,359.97 55,359.97
SHARE IN NET INCOME/LOSS 253,359.97 55,359.97
2019
Salaries 198,000.00 -
Share in Excess 66,028.42 66,028.42
SHARE IN NET INCOME/LOSS 264,028.42 66,028.42
2020
Salaries 198,000.00 -
Share in Excess 80,056.69 80,056.69
SHARE IN NET INCOME/LOSS 278,056.69 80,056.69
2021
Salaries 198,000.00 -
Share in Excess 94,711.56 94,711.56
SHARE IN NET INCOME/LOSS 292,711.56 94,711.56
2022
Salaries 198,000.00 -
Share in Excess 109,413.96 109,413.96
SHARE IN NET INCOME/LOSS 307,413.96 109,413.96
AN AND GO COMPANY
f Changes in Partner's Equity
year ended, December 31
Duclan, CapitalRamos, CapitalWacangan, Capital TOTAL

400,000.000 400,000.000 400,000.000 2,000,000.000

55,359.972 175,359.972 55,359.972 594,799.860
200,000.000 200,000.000 200,000.000 1,000,000.000
255,359.972 375,359.972 255,359.972 ###

255,359.972 375,359.972 255,359.972 1,594,799.860

66,028.424 186,028.424 66,028.424 648,142.122
127,679.986 187,679.986 127,679.986 797,399.930
193,708.410 373,708.410 193,708.410 ###

193,708.410 373,708.410 193,708.410 1,445,542.052

80,056.688 200,056.688 80,056.688 718,283.442
96,854.205 186,854.205 96,854.205 722,771.026
176,910.894 386,910.894 176,910.894 ###

176,910.894 386,910.894 176,910.894 1,441,054.468

94,711.563 214,711.563 94,711.563 791,557.813
88,455.447 193,455.447 88,455.447 720,527.234
183,167.009 408,167.009 183,167.009 ###

183,167.009 408,167.009 183,167.009 1,512,085.047

109,413.957 229,413.957 109,413.957 865,069.784
91,583.505 204,083.505 91,583.505 756,042.523
200,997.461 433,497.461 200,997.461 ###

PROFIT DISTRIBUTION
DUCLAN RAMOS WACANGAN TOTAL

- 120,000.00 - 318,000.00
55,359.97 55,359.97 55,359.97 276,799.86
55,359.97 175,359.97 55,359.97 594,799.86

- 120,000.00 - 318,000.00
66,028.42 66,028.42 66,028.42 330,142.12
66,028.42 186,028.42 66,028.42 648,142.12

- 120,000.00 - 318,000.00
80,056.69 80,056.69 80,056.69 400,283.44
 80,056.69 200,056.69 80,056.69 718,283.44

- 120,000.00 - 318,000.00
94,711.56 94,711.56 94,711.56 473,557.81
94,711.56 214,711.56 94,711.56 791,557.81

- 120,000.00 - 318,000.00
109,413.96 109,413.96 109,413.96 547,069.78
109,413.96 229,413.96 109,413.96 865,069.78
 CLEAN AND GO COMP
Statement of Comprehensiv
For the year ended, Decem
Note
Revenue 16
Cost of Service 22
Rent Expense - Space for Machine 22
Depreciation Expense - Shoe Cleaner Machine 25
Machine Supplies Expense 2
Utilities Expense 22
Total Cost of service
Gross Income
Less:
Office Supplies Expense 1
Other Supplies Expense 3
Utilities Expense 12
Rent Expense 17
Depreciation Expense 8
Organizational Cost 13
Taxes and Licenses 14
Advertising Expense 11
Salaries Expense 9
Repairs and maintenance 10
Employee Benefits 21
Total Expenses
Income Before Tax
Less: Tax (30%)
INCOME AFTER TAX
 CLEAN AND GO COMPANY
Statement of Comprehensive Income
For the year ended, December 31
2018 2019 2020 2021
1,944,000.00 2,073,600.00 2,203,200.00 2,332,800.00

96,000.00 98,880.00 101,846.40 104,901.79

160,000.00 160,000.00 160,000.00 160,000.00
161,920.00 199,161.60 211,613.25 219,257.01
33,600.00 34,608.00 35,646.24 36,715.63
451,520.00 492,649.60 509,105.89 520,874.42
1,492,480.00 1,580,950.40 1,694,094.11 1,811,925.58

3,921.60 4,823.57 5,125.14 5,310.27

980.00 1,205.40 1,280.76 1,327.02
37,200.00 38,316.00 39,465.48 40,649.44
336,000.00 346,080.00 356,462.40 367,156.27
104,126.71 104,126.71 104,126.71 104,126.71
12,210.00 - - -
- 11,780.00 12,428.00 13,076.00
1,660.00 1,709.80 1,761.09 1,813.93
115,200.00 115,200.00 115,200.00 115,200.00
10,800.00 11,124.00 11,457.72 11,801.45
20,667.60 20,667.60 20,667.60 20,667.60
642,765.91 655,033.08 667,974.91 681,128.70
849,714.09 925,917.32 1,026,119.20 1,130,796.88
254,914.23 277,775.20 307,835.76 339,239.06
594,799.86 648,142.12 718,283.44 791,557.81
 2022
2,462,400.00

108,048.85
160,000.00
226,093.79
37,817.10
531,959.73
1,930,440.27

5,475.85
1,368.40
41,868.93
378,170.96
104,126.71
-
13,724.00
1,868.34
115,200.00
12,155.50
20,667.60
694,626.29
1,235,813.98
370,744.19
865,069.78
 CLEAN AN
Statement o
As of
Note
ASSET
Current Asset:
Cash SCF
Office Supplies 1
Machine Supplies 2
Other Supplies 3
Total Current Asset
Non-Current Asset:
Furniture and Fixtures 4
Accumulated Depreciation - Furniture and Fixtures 5
Tools and Equipment 6
Accumulated Depreciation - Tools and Equipment 7, 25
Total Non-Current Asset
TOTAL ASSETS
LIABILITIES
Current Liabilities:
SSS Payable 18
PhilHealth Payable 19
HDMF Payable 20
Withholding Tax Payable 23
Income Tax Payable 24
TOTAL LIABILITIES
PARTNER'S EQUITY
Baui, Capital SCE
Changilan, Capital SCE
Duclan, Capital SCE
Ramos, Capital SCE
Wacangan, Capital SCE
TOTAL PARTNER'S EQUITY
TOTAL LIABILITIES AND PARTNER'S EQUITY
 CLEAN AND GO COMPANY
Statement of Financial Position
As of December 31
2018 2019 2020 2021

190,163.62 317,511.14 586,975.98 931,273.52

980.40 1,205.89 1,281.28 1,327.57
40,480.00 49,790.40 52,903.31 54,814.25
245.00 301.35 320.19 331.76
231,869.02 368,808.78 641,480.77 987,747.10

26,310.00 26,310.00 26,310.00 26,310.00

- 2,631.00 - 5,262.00 - 7,893.00 - 10,524.00
1,667,650.00 1,667,650.00 1,667,650.00 1,667,650.00
- 261,495.71 - 522,991.43 - 784,487.14 - 1,045,982.86
1,429,833.29 1,165,706.57 901,579.86 637,453.14
1,661,702.31 1,534,515.35 1,543,060.62 1,625,200.24

1,055.00 1,055.00 1,055.00 1,055.00

225.00 225.00 225.00 225.00
200.00 200.00 200.00 200.00
1,693.89 2,117.36 2,223.23 2,249.70
63,728.56 85,375.94 98,302.92 109,385.50
66,902.45 88,973.30 102,006.16 113,115.19

453,359.97 490,708.41 523,410.89 554,417.01

255,359.97 193,708.41 176,910.89 183,167.01
255,359.97 193,708.41 176,910.89 183,167.01
375,359.97 373,708.41 386,910.89 408,167.01
255,359.97 193,708.41 176,910.89 183,167.01
1,594,799.86 1,445,542.05 1,441,054.47 1,512,085.05
1,661,702.31 1,534,515.35 1,543,060.62 1,625,200.24
 2022

1,313,320.11
1,368.96
56,523.45
342.10
1,371,554.62

26,310.00
- 13,155.00
1,667,650.00
- 1,307,478.57
373,326.43
1,744,881.04

1,055.00
225.00
200.00
2,256.31
120,032.42
123,768.74

584,622.46
200,997.46
200,997.46
433,497.46
200,997.46
1,621,112.31
1,744,881.04
 2018
ASSET -
Current Asset: -
Cash and Cash Equivalents 190,163.62 - 214,782.81
Office Supplies 980.40 5,049.06
Maintenance Supplies 40,480.00 208,472.00
Other Supplies 245.00 1,261.75
Furniture and Fixtures 26,310.00
Accumulated Depreciation - Furniture and Fixtures - 2,631.00 - 2,631.00
Tools and Equipment 1,667,650.00
Accumulated Depreciation - Tools and Equipment - 261,495.71 - 261,495.71
TOTAL ASSETS 1,661,702.31
LIABILITIES -
Current Liabilities: -
SSS Payable 1,055.00 4,142.40
PhilHealth Payable 225.00 1,350.00
HDMF Payable 200.00 1,200.00
Withholding Tax Payable 1,693.89 6,775.56
Income Tax Payable 63,728.56 277,775.20
Baui, Capital 453,359.97
Changilan, Capital 255,359.97
Duclan, Capital 255,359.97 648,142.12
Ramos, Capital 375,359.97
Wacangan, Capital 255,359.97
TOTAL LIABILITIES AND PARTNER'S EQUITY 1,661,702.31

Revenue 2,073,600.00
COS
rent 98,880.00
dep'n 160,000.00
maintenance 199,161.60
utilities 34,608.00
total COS 492,649.60
GROSS INCOME 1,580,950.40
LESS:
office supplies expense 4,823.57
other supplies expense 1,205.40
depreciation expense 104,126.71
salaries expense 115,200.00
employee benefits 20,667.60
taxes and licenses 11,780.00
rent expense 346,080.00
advertising expense 1,709.80
utilities expense 38,316.00
reapirs amd maintenan 11,124.00
TOTAL EXPENSES 655,033.08
INCOME BEFORE TAX 925,917.32
tax 277,775.20
INCOME AFTER TAX 648,142.12
- 11,780.00 - 530,717.80 - 101,732.04 - 33,712.09 2,073,600.00 - 256,127.81
- 4,823.57
- 199,161.60
- 1,205.40

8,517.60 - 12,660.00
1,350.00 - 2,700.00
1,200.00 - 2,400.00
- 6,352.09
- 256,127.81

- 797,399.93
- 797,399.93 317,511.14
1,205.89
49,790.40
301.35
26,310.00
- 5,262.00
1,667,650.00
- 522,991.43
1,534,515.35

1,055.00
225.00
200.00
2,117.36
85,375.94
453,359.97
255,359.97
106,102.16
375,359.97
255,359.97
1,534,515.35
 CLEAN AND GO COMP
Statement of Cash Fl
For the year ended, Decem
Note
OPERATING ACTIVITIES
Cash Received From Customer 16
Repairs and Maintenance 10
Rent Paid 17 , 22
Purchases 1, 2, 3, 4, 6
Payment of Utilities 12
Salaries Paid 9
SSS Contribution Paid 18
PhilHealth Contribution Paid 19
HDMF Contribution Paid 20
13th month pay paid 21
Withholding Tax Paid 23
Advertising Expense paid 11
Organizational Cost Paid 13
Taxes and Licenses Paid 14
Income Tax Paid 24
Net Cash Provided/Used by Operating Activities
INVESTING ACTIVITIES
Purchase of Furniture and Fixture 4
Purchase of Tools And Equipments 6
Net Cash Provided/Used by Investing Activities
FINANCING ACTIVITIES
Investment by Partners
Withdrawal 15
Net Provided/Used by Financing Activities
Net Cash Provided From Different Activities
Add: Cash Balance Beginning
TOTAL
 CLEAN AND GO COMPANY
Statement of Cash Flows
For the year ended, December 31
2018 2019 2020 2021

1,944,000.00 2,073,600.00 2,203,200.00 2,332,800.00

10,800.00 11,124.00 11,457.72 11,801.45
432,000.00 444,960.00 458,308.80 472,058.06
208,527.00 214,782.81 221,226.29 227,863.08
70,800.00 72,924.00 75,111.72 77,365.07
101,732.04 101,732.04 101,732.04 101,732.04
11,605.00 12,660.00 12,660.00 12,660.00
2,475.00 2,700.00 2,700.00 2,700.00
2,200.00 2,400.00 2,400.00 2,400.00
9,600.00 9,600.00 9,600.00 9,600.00
5,081.67 6,352.09 6,669.69 6,749.09
1,660.00 1,709.80 1,761.09 1,813.93
12,210.00 - - -
- 11,780.00 12,428.00 13,076.00
191,185.67 256,127.81 294,908.77 328,156.49
884,123.62 924,747.45 992,235.87 1,064,824.78

26,310.00 - - -
1,667,650.00 - - -
- 1,693,960.00 - - -

- - - -
1,000,000.00 797,399.93 722,771.03 720,527.23
- 1,000,000.00 - 797,399.93 - 722,771.03 - 720,527.23
- 1,809,836.38 127,347.52 269,464.84 344,297.55
2,000,000.00 190,163.62 317,511.14 586,975.98
190,163.62 317,511.14 586,975.98 931,273.52
 2022

2,462,400.00
12,155.50
486,219.81
234,698.98
79,686.02
101,732.04
12,660.00
2,700.00 -
2,400.00
9,600.00
6,768.94
1,868.34
-
13,724.00
360,097.27
1,138,089.10

-
-
-

-
756,042.52
- 756,042.52
382,046.58
931,273.52
1,313,320.11