FORECASTED INCOME STATEMENT Assumptions Assumption YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 Revenue Cost 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 SHEET Assumptions Assumption Explan YEAR 1 YEAR 2 YEAR ] YEAR 4 YEARS Assets Cash Accounts Receivable Prepaid Insurance Current Assets Furniture & Fixtures (net) Equipment [net) Total Assets ilahllitles Accounts payable Customer deposits Interest parable Taxes payable Current Liabilities Bank loan Total Liabilities Stockholder's Equity Capital Retained Earnings Total Stockholder's Equity