Betty's Design Projected Income Statement As of December 31, 2017 25,000 Lamps $ 1,125,000.00 Sales Cost of Goods Sold Gross Proft Selling expenses: $45.00 $28.93 401,750.00 Fixed Variable 23,000.00 Z875000 101,750.00 42,000.00 150000 43500.00 (Commission per unit) $3.15 Administrative Expenses: Fixed Variable $0.06 Total Selling and Administrative Expenses Net Profit 145,250.00 $ 256,500.00 Betty's Design Projected Balance Sheet As of December 31,2017 Current Assets Cash Accounts Receivable Inventory S 34,710.00 67,500.00 Raw Material Figurines 500 $9.20 500@ $1.25 4,600.00 625.00 Electrical Sets Work in Process Finished Goods Total Current Assets 0 3000@ $28.93 86,790.00 194,225.00 Fixed Assets Equipment S 20,000.00 6 800.00 Total Fixed Assets TotalAssets 13,200.00 S 207,425.00 Current Liabilities Accounts Payable $ 54,000.00 S 54,000.00 Total Liabilities Common Stock Total Stockholder's Equity Equity Stockholder's Equity $ 12.000.00o Retained Earnings aities a tochalders 153.425.00