Assume that you are starting your own coffee shop. You will need to develop budgeted income statement and balance sheet for the next three years. Your goal is to apply the budget concepts and formulate strategies for operational sustainability.

Task:

Model Financial Statement Budgets for a Coffee Shop

a$.$ Income statement budget model for $3$ years.

b$.$ Balance sheet budget model for $3$ years.

Hints $($USE $ as currency $+$ make it a low budget business $+$ see the attached tables as refrernce to the kind of required tables$)$