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I need help turning the income state into a balance sheet with a summarization of the numbers presented in the income statement Pro-Forma Income Statement

I need help turning the income state into a balance sheet with a summarization of the numbers presented in the income statement

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Pro-Forma Income Statement The Sweet Password REVENUE 2021 2022 2023 2024 2025 Gross sales $5,075,000 $5,822,500 $6,680,750 $7.666.225 $8.797.858 Less sales returns and allowances 200.000 200,000 200,000 200.000 200.000 Net Sales $4.875,000 $5,622,500 $6,480,750 $7.466,225 $8.597.858 COST OF SALES Beginning inventory $8,065,000 $8,065,000 $8,065,000 $8.065,000 $8.065,000 Plus goods purchased / manufactured 1,420,000 879,000 930,000 712.000 690.000 Total Goods Available $9,485,000 $8,944,000 $8,995,000 $8,777,000 $8,755,000 Less ending inventory 6.765.000 6,024,000 5.875,000 5.457.000 5.435.000 Total Cost of Goods Sold $2,720,000 $2.920,000 $3, 120,000 $3,320,000 $3,320,000 Gross Profit (Loss) $2.155,000 $2,702,500 $3,360,750 $4.146.225 $5.277.858 OPERATING EXPENSES Selling Salaries and wages $370,000 $370,000 $370,000 $370,000 $370,000 Advertising 18,000 18,000 18,000 18,000 18,000 Depreciation 15,000 15,000 15,000 15,000 15,000 Miscellaneous 5%% 5% 5% 5% 5% Total Selling Expenses $403,000 $403,000 $403,000 $403,000 $403,000 General/ Administrative Rent 300,000 300,000 300,000 300.000 300.000 Utilities 12.000 21,000 30,000 33,000 33,000 Office supplies 40.000 20,000 20,000 20.000 20.000 Licenses 1.000 1,000 1,000 1.000 1.000 Total General/Administrative Expenses $353,000 $342,000 $351,000 $354,000 $354,000 Total Operating Expenses $756,000 $745,000 $754,000 $757.000 $757.000 Net Income Before Taxes $1.399,000 $1,957.500 $2,606,750 $3,389,225 $4.520.857 Taxes on income $ 5.000.00 $ 5,000.00 $ 5,000.00 5,000.00 5.000.00 Net Income After Taxes $1.394,000 $1,952,500 $2,601,750 $3.384.225 $4.515.857 Extraordinary gain or loss $291.813 $334.794 $384. 144 $440.808 $505.877 Income tax on extraordinary gain 10,000 10,000 10,000 10.000 10,000 NET INCOME (LOSS) $1.675.812 $2,277,294 $2,975,894 $3.815.033 $5,011.734

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