How to make a projected income statement for years 1, 3 and 5 with the following information;

Expenses

• Depreciation$15,000.00
• Utilities$27,720.00
• Insurance$7,800.00
• Gas$2,142.00
• Phone/Internet$3,213.00
• License$834.75
• Tools$945.00
• Salaries Of 5 Employees$6,450.00
• Owner's Salaries$120,000.00
• Advertisement/Promotion$1,000.00

Income

Cost of Snow Boards $165 each selling price $395 each Average sales 525 boards

Cost of Skate Boards $85 each selling price $175 each Average sales 475 boards

Cost of Bikes $335 each Selling price $485 each Average sales 597