ARTICLE
Profit and Loss Statement
AANDERUD LEGACY LLC
www.YouDontKnowDISC.com
Income
Sales
$132,393.09
$132,393.09
Total Income
$132,393.09
$132,393.09
Cost of Goods Sold
Client Spends
$364.82
$364.82
QuickBooks Payments Fees
$5,160.51
$5,160.51
Total Cost of Goods Sold
$5,525.33
$5,525.33
Gross Profit
$126,867.76
$126,867.76
Expenses
Advertising & Marketing$9,364.81
Bank Charges & Fees$459.22
Car & Truck$3,755.49
Charitable Contributions$16.00
Computer and Internet$626.29
Continuing Education$11,797.74
Contractors$5,744.23
Dues & Subscriptions$1,995.48
Insurance$7,682.83
Legal & Professional Services$10,274.95
Meals & Entertainment$974.73
Business Meetings$263.06
Networking$62.55
Office Supplies & Software$14,066.87
Office/General Administrative Expenses$435.00
Parking$64.10
Payroll Expenses$37.50
Payroll Tax Expenses$37.50
Payroll Wages$10,461.44
Postage and Delivery$167.33
Rent & Lease$2,984.81
Taxes & Licenses$167.00
Training & Events($1,521.18)
Travel$13,231.50
Meals$2,016.22
Utilities$1,365.64
Telephone$623.15
Total Expenses
$94,151.78
$94,151.78
Net Operating Income
$32,715.98
$32,715.98
Other Income
Interest Income$0.31
Total Other Income
$0.31
$0.31
Net Income
$32,716.29
$32,716.29
Balance Sheet
AANDERUD LEGACY LLC
www.YouDontKnowDISC.com
ASSETS
Current Assets
Bank Accounts
BREX-Checking$5.53
CHARITY (10) *3562$0.95
INCOME (2780)$78,378.89
OPEX (4175)$74,174.07
OWNER’S COMP (0496)$0.94
PAYROLL (4737)($5,599.70)
Petty Cash$853.40
PROFIT (4752)$30.04
QuickBooks Checking Account$63,521.21
SAVINGS (1753)$5.00
TAX (3547)$91.94
Venmo$530.00
Total Bank Accounts$211,992.27
Accounts Receivable
Accounts Receivable (A/R)$32,498.00
Total Accounts Receivable$32,498.00
Other Current Assets
Credit Card Receivables$4,504.91
Loan to Kenny Evans$50.00
Uncategorized Asset$543.80
Undeposited Funds$156,497.70
Total Other Current Assets$161,596.41
Total Current Assets$406,086.68
Other Assets
Note Receivable$50,000.00
Total Other Assets$50,000.00
TOTAL ASSETS$456,086.68
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts Payable
Accounts Payable (A/P)$6,500.00
Total Accounts Payable$6,500.00
Credit Cards
BREX$0.00
Total Credit Cards$0.00
Other Current Liabilities
Bonnie Williamson$1,900.00
Direct Deposit Payable$0.00
Erik Backman Loan$2,402.93
Intercompany Payable$0.00
Kris Aanderud Loan$1,700.00
Marilyn Korte$1,000.00
Payroll Liabilities
AZ Income Tax$324.00
AZ Unemployment Tax$140.00
Federal Taxes (941/944)$3,283.68
Federal Unemployment (940)$76.15
NC Income Tax$156.00
NC Unemployment Tax$327.88
Total Payroll Liabilities$4,307.71
Payroll Tax Payable($247.66)
Sandip Bhowmik$6,750.00
Total Other Current Liabilities$17,812.98
Total Current Liabilities$24,312.98
Long-Term Liabilities
EIDL Loan$150,000.00
Family – Kris Aanderud$2,010.53
Loan Payable – ACA$18,030.50
PPP Loan$3,000.00
Total Long-Term Liabilities$173,041.03
Total Liabilities$197,354.01
Equity
Opening Balance Equity($27,486.50)
Owner’s Investment$11,128.15
Owner’s Pay & Personal Expenses($273,180.99)
Retained Earnings$548,272.01
Net Income
Total Equity$258,732.67
TOTAL LIABILITIES AND EQUITY$456,086.68
Cash Flow Statement
AANDERUD LEGACY LLC
www.YouDontKnowDISC.com
OPERATING ACTIVITIES
Net Income$32,716.29
Adjustments to reconcile Net Income to Net Cash provided by operations:
Accounts Receivable (A/R)$4,900.00
Payroll Tax Payable($247.66)
Total Adjustments$4,652.34
Net Cash Provided by Operating Activities$37,368.63
FINANCING ACTIVITIES
Loan Payable – ACA$18,687.00
Opening Balance Equity($2,018.80)
Owner’s Pay & Personal Expenses($55,326.44)
Net Cash Provided by Financing Activities($38,658.24)
Net Cash Increase for Period($1,289.61)
Cash at Beginning of Period$3,810.57
Cash at End of Period$2,520.96
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