New Startup Restaurant

Could you please prepare:

-Pro forma balance sheet at the end of first year

-Pro forma Income statement for first year

-pro forma statement of cash flow for first year

with the informaton below

The capital needs of my start-up business for the first year:

Facility (building & land): $500,000

Appliances (freezers, stoves, etc.): $150,000

Furnishings (chairs, tables, dcor, etc.): $75,000

Plates, silverware, and glasses: $20,000

Subtotal: $745,000

Working capital finances for first year

Salaries: $400,000

Utilities: $25,000

Groceries/Supplies: $50,000

Advertising: $15,000

Subtotal: $490,000

Adding up both subtotals, my restaurant will need a grand total of $1,235,000 to cover the first years business.

Please Describe how the figures in the pro forma financial statements were derived and why you think that they are accurate.

Please wrap up by preparing an explanation discussing how you arrived at the various figures.

Thank you, I appreciate