In presenting this, should I only read the net income of the proposed business or what is the explanation of this? TIA.

COW DUNG REPELLENT MANUFACTURING Statement of Financial Performance / Income Statement For the Years Ended December 31, 2022-2026 Notes 2022 2023 2024 2025 2026 Sales 1 2,574,000.00 2,843,100.00 3,132,705.36 3,444,141.07 3,778,872.32 Less: Cost of Goods Sold 2 1.234,878.48 1,018.004.89 1.065.068.65 1,122,041.24 1,184,452.12 Gross Profit 1,339,121.52 1,825,095.11 2,067,636.71 2,322,099.83 2,594,420.20 Less: Compensation Expense 3 975.924.88 839.016.17 853,918.50 865,715.60 879.242.20 Utilities Expense 66.000.00 69.300.00 72.765.00 76.403.25 80.223.41 Rent Expense 240,000.00 240,000.00 240,000.00 240,000.00 240,000.00 Depreciation - Office Equipment and Furniture 6 6,735.69 6,735.69 6,735.69 6,735.69 6.735.69 Depreciation - Delivery Equipment J 9,500.00 9,500.00 9,500.00 9,500.00 9,500.00 Office Supplies Expense 8 2,500.25 609.00 438.00 440.00 159.75 Cleaning Supplies Expense 560.00 588.00 617.25 648.25 680.50 Permits and Licenses Expense 10 6,550.00 4,380.00 4,380.00 4,380.00 4,380.00 Advertising and Promotions 11 2.500.00 2.625.00 2,756.25 2.894.00 3.038.75 Total Expenses 1,310,270.82 1,172,753.86 1,191,110.69 1,206,716.79 1,224,260.30 Net Income(Loss) Before Tax 28,850.70 652,341.25 876,526.02 1,115,383.04 1,370,159.90 Less: Income Tax (20%) 5,770.14 130.468.25 175,305.20 223,076.61 274,031.98 Net Income(Loss) After Tax 23,080.56 521,873.00 701,220.81 892,306.43 1,096,127.92