Any Company Projected Income Statements and Balance Sheet Projected Income Statements Sales Less variable expenses Cost of goods sold Sales commissions Royalties Shipping & handling Total variable expenses Contribution margin Less fixed expenses Wages and salaries Rent Utilities Schedule Insurance expense Depreciation expense Other Selling & Admin. Advertising Campaign Total fixed expenses (d) Net Operating Income Less: Interest Expense Net Income before Taxes Less: Income Tax Expense Net Income Projected Balance Sheet 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter $ 4,353,990 $5,093,434 $5,591,080 S S Actual (prior year) $ S SUHIKS ICI Total $ 6,104,081 $ 21,142,585 S S S 21,142,585 21,142,585 Projected (Ending 12/31/14)