Company T is a imaginary startup company that has developed an application and is now starting their business and are starting to sell their application to the consumers. Based on the information that is given produce statement of profit or loss and cash flow statement for the next three years as well as balance sheet after year 3.

Owners equity		50 000
Loan		550 000
Development cost		50 000
Labor cost (per year)		200 200
Rent (per year)		12 000
Maintenance (per year)		4 000
Marketing costs (per year)		260 000
Office equipment		3000
Product Price		5
		Year 1 (products)	Year 2 (products)	Year 3 (products)
Expected sales		100 000	200 000	300 000