For solving this question you need info ( https://www.chegg.com/homework-help/questions-and-answers/supernova-case-two-students-university-axel-f-susie-q-established-e-commerce-company-super-q110160065 )

Question 1b ) Make a budgeted monthly income statement for 2023. What will the budgeted book value of the equity be December 31, 2023? Is the company in your opinion sufficiently solid after the end of the first year of operations? If not, suggest measures that will increase the rate of solidity. Before Axel and Susie make the cashflow budget, they need to calculate the payments for Value Added Tax in 2023. In this respect, the following additional information is relevant: There are six bi-monthly VAT terms: o Term 1 (January and February) is paid in April o Term 2 (March and April) is paid in June o Term 3 (May and June) is paid in August o Term 4 (July and August) is paid in October o Term 5 (September and October) is paid in December o Term 6 (November and December) is paid in February 2024 All sales are domestic sales, subject to 25 per cent output VAT When the imported goods arrive the Norwegian border, they will be customs cleared. There are no import duties, but the goods are subject to 25 per cent import VAT. Since this import VAT is fully deductible, this not paid but only reported as a zero sum in the bi-monthly VAT returns. All the budgeted operational costs, except salaries and personnel costs, are subject to 25 per cent input VAT.