Hexagon Bracelets
Budgeted Income Statement
For the Year Ending December 31, 2021
Sales		$4,366,317
Cost of Goods Sold
Beginning Finished Goods	$-
Cost of Goods Manufactured	$984,504
Goods Available for Sale	$984,504
Less: Ending Finished Goods Inventory	$64,407
Cost of Goods Sold		$920,097
Gross Profit		$3,446,220
SG&A		$946,219
Income before interest		$2,500,000
Interest		$-
Net Income		$2,500,000

Hexagon Bracelets
Budgeted Balance Sheet
December 31, 2022
	2022
Assets
Current assets
Cash	$3,530,115
Accounts Receivable	$436,632
Raw materials inventory	$20,376.14
Finished goods inevntory	$64,407	$4,051,530
Property, plant, & equip.
Plant and equipment	$53,190
Less: Accum. Depreciation	$7,500	$45,690
Total assets		$4,005,840
Liabilities
Current liabilities
Accounts payable	$96,487	$96,487
Stockholders' equity
Common stock	$1,500,000
Retained earnings	$4,000,000	$5,500,000
Total liabilities and equity		$5,596,487

Hi there, help me about how to write a memorandum "Bracelet Manufacturing" which must contain one introduction at the beginning and finish with one conclusion at the end of the memorandum. The Memo must need to write to the Chair of the Board of Directors about their concern based on your prepared budgeted Income Statement results and the proposed product profitability.