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ASSETS = LIABILITIES & OWNERS' EQUITY Cash Filters Vehicles Prepaid Costs Debt Paid-in Capital Retained Earnings YEAR 2 Opening Balances ($18,164) $18,667 $16,000 $87,333 $0

ASSETS = LIABILITIES & OWNERS' EQUITY
Cash Filters Vehicles Prepaid Costs Debt Paid-in Capital Retained Earnings

YEAR 2

Opening Balances

($18,164) $18,667 $16,000 $87,333 $0 $225,000 ($121,164)

Beginning-of-year activities

1 Debt $1,000,000 $1,000,000
2

Slowsand Filters

($487,500) $487,500
3

Motorcycles and Trucks

($492,500) $492,500

Through-the-year activities

7

Revenues

$8,760,000 $8,760,000
Revenue Underreporting ($13,140,000) ($1,314,000)
Cost of Revenue, Vendor Compensation ($1,489,200) ($1,489,200)
8

Technicians' Wages

($120,000) ($120,000)
9

Local Management Salaries

($325,000) ($325,000)
10

Sales Staff Salaries

($36,000) ($36,000)
11

Water Testing & Filter Maintenance

($408,000) ($408,000)
12

Marketing Expenses

($25,000) ($50,000) ($75,000)
13

Vehicle Expenses

($65,000) ($65,000)
14

Other Costs

($1,191,360) ($1,191,360)

Year-closing activities

15

Depreciation

Blue Future Contract ($2,667) ($2,667)
Slowsand Filters ($33,833) ($33,833)
Motorcycles and Trucks ($102,500) ($102,500)
16

Repay Debt

($1,000,000) ($1,000,000)
17

Interest Charge

($100,000) ($100,000)

YEAR 2 CLOSING TOTALS

($9,137,724) $472,334 $406,000 $34,666 $0 $225,000 $3,376,276
ASSETS = LIABILITIES & OWNERS' EQUITY
Cash Filters Vehicles Prepaid Costs Debt Paid-in Capital Retained Earnings

YEAR 3

Opening Balances

($9,137,724) $472,334 $406,000 $34,666 $0 $225,000 $3,376,276

Beginning-of-year activities

1

Slowsand Filters

($250,000) $250,000
2

Motorcycles and Trucks

($237,500) $237,500

Through-the-year activities

7

Revenues

$19,710,000
Revenue Underreporting $19,710,000 ($2,956,500)
Cost of Revenue, Vendor Compensation ($3,350,700) ($3,350,700)
8

Technicians' Wages

($180,000) ($180,000)
9

Local Management Salaries

($400,000) ($400,000)
10

Sales Staff Salaries

($36,000) ($36,000)
11

Water Testing & Filter Maintenance

($612,000) ($612,000)
12

Marketing Expenses

($40,000) ($40,000)
13

Vehicle Expenses

($110,000) ($110,000)
14

Other Costs

($275,940) ($2,759,400)

Year-closing activities

15

Depreciation

Blue Future Contract ($2,667) ($2,667)
Slowsand Filters ($33,833) ($33,833)
Motorcycles and Trucks ($102,500) ($102,500)

YEAR 3 CLOSING TOTALS

$2,724,276 $688,501 $541,000 $31,999 $0 $225,000 $12,502,676

Can you please help me create a balance sheet, net cash flow t and income statement for year 2 and 3

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