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Is this accurate Income Statement Balance Sheet Cash FlowFor the years 2 0 2 2 through 2 0 2 7 please create a simple income

Is this accurate Income Statement
Balance Sheet
Cash FlowFor the years 2022 through 2027 please create a simple income statement, balance sheet and cash flow
forecast for a podiatry office, based on the following assumptions. If there are any other assumptions you
need to make, please use your best estimate, and note accordingly.
a.2021 Visits: 80/ week increases at 2% per year
b.2021 Rate / Visit: $120 increases at 5% per year
c. COGS 10% of revenue
d. Provider compensation
i. $100k / year up to $300k of revenue, 30% of revenue in excess of $300k
ii. Additional 20% fringe
e. Billing costs: 5% of revenue
f.2021 Facilities Costs: $4k / month increases 3% per year
g.2021 Administration Costs $8k / month increases 3% per year
h. $50,000 debt outstanding, interest rate: 5%, assume no repayment
i. Tax Rate 20%
j. Days Receivable Outstanding 45
k. Inventory Days Outstanding -30
l.2021 Ending Cash: $50,000
m.2021 Ending PP&E: $150,000, assume an average 5 year useful life
n. Capex -2% of revenue
o. Days Payable Outstanding 30
p. Maintenance Capex -3% of revenue
q. Stockholders equity can be a plug in 2021 to create an opening balance sheet that
balances CAN YOU PLEASE CREATE A BALANCE SHEET FOR YEARS 2022-2027 WITH THE ABOVE GIVEN ASSUMPTIONS
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