D14 · Lindqvist Studio - Profit and Loss, January-December 2025 (QuickBooks, cash basis)

Profit and Loss, Lindqvist Studio, Jan-Dec 2025, cash basis. Sales - client projects 145,900.00; Sales - print and licensing 5,400.00; Advertising 2,100.00; Bank and merchant fees 386.00; Car and truck - fuel 3,100.00; Contract labor 7,400.00; Depreciation 7,600.00; Insurance - business liability 1,450.00; Insurance - health (Erik) 14,400.00; Internet 1,320.00; Legal and professional 1,800.00; Meals 3,960.00; Office expenses 1,180.00; Software and subscriptions 6,850.00; Supplies 3,240.00; Telephone 2,160.00; Travel 4,520.00. Total income 151,300.00. Total expenses 61,466.00. Net income 89,834.00.

Balance sheet excerpt: Fixed assets - equipment 38,000.00 (purchased 03/2025); accumulated depreciation (7,600.00), straight-line 5 years, booked by the client.