calculate gross profit for 2014,2015, 2016

om EXHIBIT 2: DETROIT BIKES'S ESTIMATED AND PROJECTED INCOME STATEMENTS, 2014-2016 (IN US$) Single Bike 2014 2015 2016 $ 699.99 1,000 699,990 3,500 2,449,965 4,500 3,149,955 $ $ $ 150 100 531 150.000 100,000 531,400 525,000 350,000 1,859,900 675,000 450,000 2,391,300 Revenue Bikes Sold/Yoar Bike Salos Expenses Costs of goods sold (current) Costs of goods sold (projected) Wages (including benefits) General and Administrative Fixed salaries ** Utilities (per month x 12) Insurance Total Expenses: Current Total Expenses Projected Net Income: Current the coune BUS 210- tetroduction to Marketing at Universy Regina taught by Dwight Use utilide these parameters copyright violation $ 562 801 $ 185,652 $ 722 $ $ $ 562 801 185,652 722 1,430,575 1,380,575 (730,685) 562,801 185,652 722 3,134,075 2,959,075 (684,110) 562,801 185,652 722 3,815,475 3,590,475 (665,520) Note. Estimates do not include the C Type model as the authors did not have sufficient information on its costs. The fixed salaries represented the salaries for the marketing department, the human resources manager and the chief operating officer