create a balance sheet Kaleidoscope Business Development Projected Profit and Loss Statement for the year ended 20xx Particulars Amount ($) Revenue Registration Fees $ 360,000.00 Sponsorship Revenue $ 65,000.00 Total Revenue $ 425,000.00 (A) Expenses: Technology Development: Virtual Counter Sales $ 50,000.00 Virtual Platform Development $ 50,000.00 Software integration and customization $ 20,000.00 Server hosting and maintenance $ 10,000.00 Discounts and allowances $ 700.00 Total Technology Development $ 130,700.00 (B) Marketing: Digital and Marketing Campaigns $ 20,000.00 Influencer Partnerships $ 10,000.00 Website Development and SEO $ 15,000.00 Online platform license and fees $ 20,000.00 Technical Assistance $ 10,000.00 Total Marketing Expenses $ 75,000.00 (C) Operating expenses Salaries and wages & benefits $ 65,000.00 Software updating and Technology $ 15,000.00 Administrative Expenses $ 10,000.00 Content Creation and Event Management $ 25,000.00 Total Operating Expenses $ 115,000.00 (D) Total Expenses $ 320,700.00 (E) EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) $ 104,300.00 (F) = (A - E) Tax payable $ 10,000.00 (G) Net Profit after tax $ 94,300.00 (H) = (F - G)