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prepare a 3 Year Proposed Funding Schedule (Sources and uses of the funds received.) for an online boutique retailer based on income statement below Year

prepare a 3 Year Proposed Funding Schedule (Sources and uses of the funds received.) for an online boutique retailer based on income statement below

Year 1 2 3
Expected Annual Sales $ 1,000,000 $ 4,000,000 $ 10,000,000
Cost of Sales $ 700,000 $ 2,400,000 $ 5,000,000
Gross Profit $ 300,000 $ 1,600,000 $ 5,000,000
Selling and Admin Expenses $ 250,000 $ 250,000 $ 250,000
Earnings before taxes $ 50,000 $ 1,350,000 $ 4,750,000
Taxes at 21% $ (10,500) $ (283,500) $ (997,500)
Net Income $ 60,500 $ 1,633,500 $ 5,747,500

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