Based on the information below, prepare a comparative balance sheet

	Year 2021		Year 2022		Year 2023
Sales Revenue
Service Revenue Fee		1,840,000.00		2,800,000.00		3,200,000.00
Advertising/Corporate Sponsorhip Revenue				300,000.00		500,000.00
Vendor's Pro Plan				900,000.00		1,800,000.00
Customer's Pro Plan				120,000.00		180,000.00
TOTAL SALES REVENUE		1,840,000.00		4,120,000.00		5,680,000.00
Direct Labor	963,000.00		1,926,000.00		2,022,300.00
Direct Cost	177,000.00		162,000.00		202,000.00
Indirect Labor	291,000.00		582,000.00		617,400.00
Fixed Asset - Equipment/Computers	265,920.00		0.00		0.00
Operating Expenses
Co-Working Space Rental Fee	118,800.00		237,600.00		475,200.00
Gasoline/Transportation Allowance	34,500.00		48,000.00		48,000.00
Marketing Budget	75,000.00		100,000.00		250,000.00
Event & Workshop Budget	0.00		15,000.00		75,000.00
SEC, Business Registration & Permit	100,000.00		30,000.00		30,000.00
Fixed Expenses
Administrative Expenses	272,222.50		434,095.00		504,183.00
TOTAL OPERATING EXPENSES		2,297,442.50		3,534,695.00		4,224,083.00
Net Income (Before Tax)		(457,442.50)		585,305.00		1,455,917.00
Tax (30%)		(137,232.75)		175,591.50		436,775.10
NET INCOME (LOSS)		(457,442.50)		409,713.50		1,019,141.90

Values used for the computation of Sales Revenue Targets
	Year 2021 (Sept-Dec)	Year 2022	Year 2023
Projected # of Registered Vendors	100	250	500
Estimated Average Yearly Transaction per vendor	115,000.00	70,000.00	40,000.00
Total Gross Sales	11,500,000.00	17,500,000.00	20,000,000.00
Service Revenue Fee (16%)	1,840,000.00	2,800,000.00	3,200,000.00
Vendors Pro Plan
Projected # of Registered Vendors	100	250	500
Yearly Vendors Pro Plan (P300/month)	0.00	3,600.00	3,600.00
Total Fee	0.00	900,000.00	1,800,000.00
Customers Pro Plan
Projected # of Customers Availing the Pro Plan	0	200	300
Yearly Customers Pro Plan (P50/month)	0	600.00	600.00
Total Fee	0.00	120,000.00	180,000.00
Estimated Funds from Advertising/Corporate Sponsorship	0	300,000.00	500,000.00
Total Revenue	1,840,000.00	4,120,000.00	5,680,000.00

Note: 30% of the gross sales are through credit card transaction, 70% is cash on delivery and 84% of service revenue goes to the vendor