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CAn u summarize this income statement to help investors/lenders understand the capital and funding if any A Year 2020 2021 2022 Sales $2,000,000 $2,800.000 $3.400.000

CAn u summarize this income statement to help investors/lenders understand the capital and funding if any

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A Year 2020 2021 2022 Sales $2,000,000 $2,800.000 $3.400.000 COGS $400.000 $500,000 $600,000 Gross profit $1,600,000 $2,300.000 $2,800,000 Operating expenses Research and $1.455 $2.565 $3,000 development Advertising $4.345 $5.565 $7,000 expense Depreciation $3.034 $3.467 $4.033 expenses (office equipment) Depreciation $20_045 530,566 $40.677 expense (building) Rent expense $10 464 $15,677 $20.000 Utilities expense $20,000 $30.564 $40.556 Supplies expense $2,345 $4,027 $5,685 Wages and salaries $25,000 $35,000 $40,000 Total operating $86.638 $127,432 $160.951 expenses Operating profit $1,513,312 $2,172,568 $2,639,049 (Earnings before interest and tax) Interest expense $20,000 $20.500 $30,000 Eamings before $1,493,312 $2,152,068 $2,609 049 taxes Taxes 13% $194.130.56 $279.768.84 $339,176.37 NET PROFIT $1,299,181.44 $1,872,299.16 $2,269,872.63

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