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After one year of business, your agency is running full steam. You now have 6 employees and an office manager. Your accounting for your agency

After one year of business, your agency is running full steam. You now have 6 employees and an office manager. Your accounting for your agency is simple. Your business premium revenues for the year are roughly $4.4M. Your agency is on pace to make an estimated $7.2M in premium revenues next year and 10M in the third year. Your agency income is 15% of your agency revenues in year one. Your net profit (ownership profit) is your agency income minus your operating expenses (expense + payroll). You have a formula that pays your employees based on what product line they sell. Your agentscommissions make up 30% of your agencys income. One Customer Rep makes $50K and the other $40K annually. Your receptionist makes $30K annually. The agent office manager earns $20K on top of paid commissions. Based on these numbers, what areyour agencys gross income and expenses for years one, two, and three?
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