2018 Profit and Loss Illini_8867_Redacted.pdf

This is a 2018 Profit and Loss statement submitted to the Illinois Department of Natural Resources for C.P.'s Ice Cream, Ltd., operating under Agreement Number 8867 in the Illini SP area. The document covers the reporting period from January 1 to December 31, 2018, using a cash accounting method and cost-based inventory valuation.

The financial statement shows total gross sales of $17,200.00, primarily from food/beverage sales, with a cost of goods sold of $9,000.00, resulting in a gross profit of $8,200.00. Operating expenses totaled $13,500.00, including significant line items such as wages ($12,000.00), lease payments to the State of Illinois ($600.00), advertising ($100.00), repair/maintenance ($100.00), licenses and commissions ($280.00), and telephone expenses ($80.00). The business reported a net loss of $4,760.00 for the year, as indicated by the red figure notation on the form.