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PROJECTED INCOME STATEMENT - MONTH OF JANAURY Large (60%) Small (40%) Total Number of milk shakes expected to be sold 75,000 50,000 Sales price per

PROJECTED INCOME STATEMENT - MONTH OF JANAURY

Large (60%)

Small (40%)

Total

Number of milk shakes expected to be sold

75,000

50,000

Sales price per milk shake (less resort fee)

$9.00

$6.30

Cost of goods sold per milk shake

$2.81

$2.18

Sales

Less: cost of goods sold

Gross Profit

Less: Operating expenses

Operating Income

Income tax expense (income tax rate = 35%)

Net Income

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