Please elaborate a Cash Flow statement with projected income for the first three years of business, broken down by month considering the numbers below
Furniture (Chair and Desk) $1,950.00 $3,000.00 $8,000.00 Balance Sheet Assets Year 1 Current Assets Cash $867,527.88 Prepaid Expenses Insurance $3 60 . 00 Total Current Assets $867,887.88 No n-Current Assets Year 2 $1,322,935.73 $360.00 $1,823,295.78 Year 3 $2,428,181.73 $360.00 $2,428,541.73 Long Term Investments $0.00 $0.00 $0.00 Property, Plant and Equipment Furniture $1,950.00 $1,560.00 $1,170.00 Furniture, Accumulated Depreciation $390-00 $390.00 $390.00 Computers $6,000.00 $4,800.00 $3,600.00 Computers, Acummulated Depreciation $1 ,200.00 $ 1,200.00 $1,200.00 Cell Phones $3,000.00 $2,400.00 $1,800.00 Cell Phones, Accumulated Depreciation $600.00 $600.00 $600.00 Depreciation cost $2,1 90.00 $2, 1 90 .00 $2, 1 90.00 Total Non-Current Assets $8,760.00 $6,570.00 $4,380.00 Total Assets $876,647.88 $1 ,829,865.78 $2,432,921.73 Liabilities Current Liabilities Accounts Payable $1,591.52 $4,671.52 $8,986.52 Total Current Liabilities $1,591.52 $4,671 .52 $8,986.52 Non-current liabilities Longterm loan $0.00 $0.00 $0.00 Total non-current liabilities $0.00 $0.00 $0.00 Total Liabilities $1,591.52 $4,671.52 $8,986.52 Equity Owner's Equity Total Liabilities and Equity $875,056.36 $1 ,825,194.26 $2,423,935.21 $876,647.88 $1,829,865.78 $2,432,92 1.73 Cost and Expenses Monthly Advertisement $1,000.00 Whatsapp Business $300.00 Sales Apps $120.00 Fido Wireless $100.00 Shcpify Platform $36.52 Total Monthly Cost and Expenses $1,556.52 Annually Insurance $420.00 Depreciation $2,190.00 Total Annall}r Cost and Expenses $2,610.00 Total Cost and Expenses $4,166.52 Income Statement Year 1 Year 2 Year 3 Product Sales $3,995,000.00 $8,400,000.00 $11,200,000.00 Less: Sales Cost $2,996,250.00 $6,300,000.00 $8,400,000.00 Gross Prot $998,750.00 $2,100,000.00 $2,800,000.00 Overhead Expenses Shopify Platform $438.24 $438.24 $438.24 Advertisement $12,000.00 $48,000.00 $96,000.00 Whatsapp Business $3,600.00 $3,600.00 $3,600.00 Fido Wireless $1,200.00 $1,200.00 $1,200.00 Sales Apps $1,440.00 $1,440.00 $3,600.00 Insurance $420.00 $420.00 $420.00 Total Expenses $19,098.24 $55,098.24 $105,258.24 Earnings Before Tax $979,651.76 $2,044,901.76 $2,694,741.76 Interest Expense $0.00 $0.00 $0.00 Tax Expense (13%) $127,354.73 $265,837.23 $350,316.43 Net Prot $852,297.03 $1,779,064.53 $2,344,425.33