Mora Municipal Liquor Store Balance Sheet and Statement of Operations for year ended Dec. 31, 2021
The Mora Municipal Liquor Store Balance Sheet and Statement of Operations is published in accordance with the requirements of Minnesota Statute 471.6985.
MORA MUNICIPAL LIQUOR STORE
Balance Sheet
For the Year Ended December 31, 2020
Assets
Cash & Investments $ 416,395
Accounts Receivable $ 32,580
Inventory $ 447,376
Fixed Assets Less Depreciation $ 1,219,235
Deferred Outflows of Resources $ 29,857
Total Assets $ 2,145,443
Liabilities and Retained Earnings
Accounts Payable $ 90,773
Long Term Debt & Noncurrent Liabilities $ 1,082,606
Deferred Inflows of Resources $ 9,315
Retained Earnings $ 962,749
Total Liabilites and Retained Earnings $ 2,145,443
MORA MUNICIPAL LIQUOR STORE
Statement of Operations
For the Year Ended December 31, 2020
Total Sales $ 4,438,807
Cost of Sales $ 3,259,400
Gross Profit $1,179,407
Profit as a Percentage of Sales 26.57%
Operating Revenues $ -
Operating Expenses $ 553,295
Operating Income (Loss) $ 626,112
Contributions to General Fund $ (298,488)
Contributions from General Fund $ 2,949
Capital Outlay $ 6,550
Interest Paid $ 32,500
Debt Retired $ 100,000
Published in the Kanabec County Times March 25, 2021
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