FORECASTED INCOME STATEMENT Assumptions Assumption Explanations YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR S Revenue Cast of Sales Gross Margin Operating Expenses Advertising Equipment Rental Wages Office Rent Utilities Insurance Expense Depreciation Operating Income Interest Expense Income before taxes Income taxes Net Income FORECASTED BALANCE SHFF Assumptions Assumption Explanations YEAR 1 YEAR > YEAR 3 YEAR 4 YEAR 5 Assets Cash Accounts Receivable Prepaid Insurance Current Assets Furniture & Fixtures [net) Equipment [net) Total Assets Liabilities Accounts payable Customer deposits Interest payable Taxes payable Current Llabilities Bank loan Total Liabilities Stockholder's Equity Capital Retained Carnings Total Stockholder's Equity