$4\mathrm{.}3$ Prepare an income statement for $2$ consecutive years for Company C$.$V$.$ Ltd$.$ and estimate gross margin and return on sales using the annual projection financial accounts.

Sales $=$ Nu$.6$ million

Raw materials $=2\mathrm{.}400$ million $($including inflation rate $3\%)$

Operating Cost $=$ Nu$\mathrm{.}1\mathrm{.}800$ million

Depreciation $=$ Nu$.29,283\mathrm{.}00$

Startup Cost $=$ Nu$.43,600\mathrm{.}00($distributed over $1$ year$)$

Consider a business tax of $30\%,$ and

Firm's expected annual growth of $5\%$