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Can you help me make a income statement for my financial projections. This is not real you can make your own but please make it
Can you help me make a income statement for my financial projections. This is not real you can make your own but please make it accurate.
My decide product is a food product.
Here is an example: Follow the format just like this
Fancy's Foods LLC Pro Forma Income Statement January 2001 - December 2001 Net Sales 5592.104.00 Less: Cost of Goods Sold $442,206.00 Gross Income $149,988.00 Operating Expenses Salary $20,000.00 Labor 530,000.00 Utilities $6,500.00 Insurance $3,800.00 Sales Promotion $25,000.00 Delivery and Transportation $16.500.00 Miscellaneous $1,500.00 Total Expenses 583,100.00 Net Income Before Taxes 586,888.00 Less: Income Taxes $20,068.40 Net Income After Taxes $46,821.80 Assumptions: 1 Net sales based on price of $2.20 per unit, 20,040 units sold in Antlers 2.420 units per month 43,580 units sold in Hugo 3,630 units per month 132,000 units sold in Oklahoma City 11,000 units per month 54,000 units sold in Tulsa 9,000 units per month for 6 months Sales estimates based on 10%%sales increase from previous year. 2 Cost of goods sold includes ingredients, packaging materials, labels, and co- packing expenses for canned product. 3 Salary will be drawn by the owners/managers in the third yearStep by Step Solution
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