Ques: Makea statement of cash flows for the first year with the following information.

Investment $25000.

Revenue:

Design services range anywhere from $2500 to $8000 per project.

Hourly rates range from $50 to $100 per hour.

Expecting 4 projects per month in the beginning for about: $20,000

Expecting 6-8 projects per month after 4-6 months: $50,000

Total Yearly, expected revenue: $240,000 - 400,000

Expenses:

One time Start up expenses:

Business registration, establishing accounting, obtaining permits and licenses: $1,000

Acquisition of hardware and software: $10,000

Advertisement cost for the first month: $5000

Total one-time expense: $16,000

Monthly expenses:

Advertising on radio and various social media platforms: $2,000 monthly

Subscriptions: $1000 monthly

Salary: $8,000 monthly

Total expenses: $11,000

Total Yearly, expected expenses: $132,000 - 150,000

Profit after tax about: $92,000 - $280,000