Build out the P&L by month below using the notes for this theoretical social media company

Notes:

1. Assume the company did not exist before Jan 1 2021

2. On Jan 1st they signed $7M in annual contracts (assume these were the only ones signed all year)

3. The $7M in cash from the annual contracts is received on July 31 2021

4. The company's software runs on a Cloud platform and on Jan 1st 2021 they pre-paid their entire year of COGS which was $1M

5. S&M expense is 5% of revenue from Jan to June'21 and then increases to 10% of revenue

6. R&D and G&A are 10% of revenue all year

7.Depreciation is $0. Income Tax is 20% of EBITDA

8. On Jan 1 2021 they took out a $3M loan with 5% annual interest