2021 Profit and Loss Statement_Redacted~4.pdf

This document is a 2021 Schedule C (Form 1040) Profit or Loss From Business tax form for Snyder Creek Enterprises, doing business as Lincoln Trail Family Restaurant, filed with the Department of the Treasury Internal Revenue Service. The form details the financial performance of a sole proprietorship restaurant business for the tax year 2021, with gross receipts of $272,696 and a gross profit of $180,106.

The document breaks down various business expenses including advertising ($4,143), car and truck expenses ($6,378), contract labor ($2,184), depreciation ($2,528), employee benefit programs ($4,424), insurance ($4,424), and other expenses such as accounting ($1,800), bank charges ($1,284), credit card processing fees ($10,197), and miscellaneous costs. The total business expenses for the year were $189,066, resulting in a tentative loss of $8,960. The business owner, Melissa K Wells, materially participated in the restaurant's operations during 2021 and used the cash accounting method.