2023 Profit and Loss Statement Template 8842-6_Redacted.pdf

This document is a 2023 IRS Schedule C (Form 1040) Profit or Loss from Business tax form for Jonathan P. Cable, who operates Jonathan Cable DBA See-Food BBQ, a business located at 16500 E 135th Rd in Marshall, IL 62441. The business is a sole proprietorship that materially participated in its operations during 2023 and used the cash accounting method. The business reported gross receipts of $8,773 and had total gross income of -$8,913 after accounting for returns and allowances, cost of goods sold, and other income.

The business incurred various expenses including $354 in advertising, $5,819 in depreciation, $367 in insurance, $142 in pension and profit-sharing plans, $321 in taxes and licenses, $1,160 in travel and meals, $550 in utilities, and $2,936 in wages. The total business expenses were $11,649, resulting in a net loss of -$20,562 for the tax year. The form includes detailed breakdowns of cost of goods sold, with $14,096 in purchases, $3,355 in labor costs, and a year-end inventory of $500. The document is stamped with a Department of Natural Resources marking, indicating it was received on March 4, 2024 by the Division of Real Estate Services and Consultation.