Prepare a projected financial statement for the next $3-5$ years with the below current details for strategic management purposes: RDBC Construction Supplies Trading

Cabantian, Davao City

Statement of Financial Performance

For the year ended December $31,2022$

$2022$

Sales $1,855,000\mathrm{.}00$

Less: Cost of Sales

Mechandise Inventory, Beg. $-$

Purchases $1,076,775\mathrm{.}00$

Total Available for Sale $1,076,775\mathrm{.}00$

Merchandise Inventory, End. $-$

Cost of Goods Sold $1,076,775\mathrm{.}00$

Gross Income $778,225\mathrm{.}00$

Less: Operating Expenses

Salaries & Wages $196,000\mathrm{.}00$

Repair & Maintenance $12,420\mathrm{.}00$

Office Supplies $1,455\mathrm{.}00$

Representation $32,440\mathrm{.}00$

Fuel & Lubricant $24,650\mathrm{.}00$

Light, Water & Communication $38,700\mathrm{.}00$

Depreciation $20,000\mathrm{.}00$

Taxes & Licenses $18,440\mathrm{.}00$

Total Operating Expenses $344,105\mathrm{.}00$

Net Income From Operations $434,120\mathrm{.}00$ RDBC Construction Supplies Trading

Cabantian, Davao City

Statement of Financial Position

For the year ended December $31,2022$

$2022$

ASSETS

Current Assets

Cash & Cash Equivalents $372,220\mathrm{.}00$

Accounts Receivables $158,400\mathrm{.}00$

Total Current Assets $530,620\mathrm{.}00$

Property Plant & Equipment

Land $1,900,000\mathrm{.}00$

Building $800,000\mathrm{.}00$

Service Vehicle $720,000\mathrm{.}00$

Accumulated Depreciation $-80,000\mathrm{.}00$

Total Property, Plant, & Equipment $3,340,000\mathrm{.}00$

TOTAL ASSETS $3,870,620\mathrm{.}00$

LIABILITIES & OWNER'S EQUITY

Liabilities

Accounts Payables $64,700\mathrm{.}00$

TOTAL LIABILITIES $64,700\mathrm{.}00$

OWNER'S EQUITY

Dela Cruz, Capital $3,671,800\mathrm{.}00$

Net Income $434,120\mathrm{.}00$

Total $4,105,920\mathrm{.}00$

Drawings $300,000\mathrm{.}00$

OWNER'S EQUITY $3,805,920\mathrm{.}00$

TOTAL LIABILITIES & OWNER'S EQUITY $3,870,620\mathrm{.}00$ RDBC Construction Supplies Trading

Cabantian, Davao City

Statement of Cash Flows

For the year ended December $31,2022$

$2022$

Cash Flows From Operating Activities

Net Income $434,120\mathrm{.}00$

Adjustments for:

Drawings $-300,000\mathrm{.}00$

Depreciation $20,000\mathrm{.}00$

Operating Income before Changes in Working Capital $154,120\mathrm{.}00$

Decrease $($increase$)$ in:

Receivables $-100,400\mathrm{.}00$

Merchandise Inventory $-$

Other Currents Assets $-$

Increase $($decrease$)$ in:

Accounts Payables $22,500\mathrm{.}00$

Other Current Liabilities $-$

Total Cash Provided by Operating Activities $76,220\mathrm{.}00$

Cash Flows From Investing Activities $-$

Purchase of Service Vehicle

Net Cash used in Investing Activities $-$

Cash Flows from Financing Activities

Increase in: $-$

Cash Flows From Financing Activities $-$

Net Increase $($Decrease$)$ in

Cash & Cash Equivalents $76,220\mathrm{.}00$

Cash & Cash Equivalents, Beginning $296,000\mathrm{.}00$

Cash & Cash Equivalents, Ending $372,220\mathrm{.}00$