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I need help with this Forma Balance Sheet fPro-Forma Income Statement The Sweet Password REVENUE 2021 2022 2023 2024 2025 Gross sales $2,400,000 $2.600,000 $2.800,000

I need help with this Forma Balance Sheet

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\fPro-Forma Income Statement The Sweet Password REVENUE 2021 2022 2023 2024 2025 Gross sales $2,400,000 $2.600,000 $2.800,000 $3,000,000 $3.000.000 Less sales returns and allowances 200.000 200.000 200.000 200.000 200.000 Net Sales $2,200,000 $2,400,000 $2,600,000 $2,800,000 $2 800,000 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) ($520.000) ($520,000) ($520,000) ($520.000) ($520.000) OPERATING EXPENSES Selling Salaries and wages $3,220,000 $3.220,000 $3,220,000 $3,220.000 $3.220,000 Advertising 18.000 18.000 29.225 29.225 29.225 Depreciation 77.000 77.000 77.000 77.000 77.000 Miscellaneous 10%% 10% 10% 10%% 10% Total Selling Expenses $3,315,000 $3.315,000 $3.326,225 $3.326,225 $3.326,225 General/Administrative Salaries and wages $3,220,000 $3.220,000 $3.220,000 $3,220,000 $3.220,000 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 $3,573.000 $3.562,000 $3.571,000 $3,574,000 $3.574,000 Total Operating Expenses $6,888,000 $6,877,000 $6,897,225 $6,900,225 $6,900,225 Net Income Before Taxes ($7.408.000) ($7.397,000) ($7.417.225) ($7.420.225) ($7.420.225) Taxes on income 5.000.00 $ 5.000.00 5,000.00 $ 5,000.00 $ 5.000.00 Net Income After Taxes ($7,413,000) ($7,402,000) ($7,422,225) ($7.425.225) ($7.425,225) Extraordinary gain or loss $330.000 $360,000 $390,000 $420,000 $420.000 Income tax on extraordinary gain 16.500 18.000 19.500 21.000 21.000 NET INCOME (LOSS) ($7,099,500) ($7.060,000) ($7,051,725) ($7,026,225) ($7.026,225)

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