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Create a pro forma income statement (minimum two accounting periods showing both projected activity with and without additional investment, utilizing the information below. Balance Sheet
Create a pro forma income statement (minimum two accounting periods showing both projected activity with and without additional investment, utilizing the information below.
Balance Sheet For the Period Ending 4/4/22 Assets Current Assets Cash $55,145.47 Accounts Receivable $ Inventory $ 584.45 Transportation $ Property, Equipment, St $ 16,000.00 Total Assets $71,729.92 Liabilities and Owners Equity Accounts Payable $ Tax Collected $ Credit $ Loans $ Total Liabilities $ $ 8,000.00 Equity Startup Capital Capital from Shares sold Less Share Buy Back Retained Earnings Less Dividends Paid Total Equity $ $ $63,729.92 $ $71,729.92 Income Statement For the period ending 4/4/22 Revenue Sales Products Sales Services Other Income $ 146,394.00 $ $ Total Revenue $ 146,394.00 Cost of Goods Sold Production & Inventory Transportation, Commission, Cost of Sales Total COGS Gross Profit $ 98,803.09 $ 47,590.91 $ $ 47,590.91 Expenses Rent, General, Administrative HR Salaries & Wages Sales & Marketing Professional Services Maintenance and Insurance Inventory Spoiled or Damaged Total Expenses $ 800.00 $32,036.00 $ $ $ $ 2,237.17 $ 35,073.17 Net Profit $ 63,729.92Step by Step Solution
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