CPA FIRM LOGO
Sarah the Solopreneur
Period: January 1, 2026 - March 31, 2026
Generated: May 26, 2026
Profit & Loss Statement
Revenue
Product Sales$45,000.00
Service Revenue$25,420.00
Interest Income$150.00
Total Revenue$70,570.00
Cost of Goods Sold
Direct Materials($8,500.00)
Direct Labor($12,000.00)
Total COGS($20,500.00)
Gross Profit$50,070.00
Operating Expenses
Advertising & Marketing($4,200.00)
Rent($5,600.00)
Salaries($28,500.00)
Utilities($1,250.00)
Office Supplies($850.00)
Insurance($1,680.00)
Total Operating Expenses($42,080.00)
Net Income$7,990.00