This is apart of a business plan and I know I may have did a few things wrong when it comes to the balance sheet and maybe the other statements? I need help with what I've possibly missed or could fix. It's a three year plan for a simple coffee shop.

2020 136,575 $ 47,801 $ 88,774 $ 65% 2021 170,719 59,752 110,967 65% 52,800 - $ $ 52,800 . Projected Income 2019 Revenue $ 91,050 $ Cost of Goods $ 31,868 $ Gross Margin $ 59,183 $ Gross Margin % 65% Fixed Costs Mortgage $ 52,800 $ Remodel $ 5,000 $ Variable Costs Legal $ 2,100 $ Marketing and Sales 187 $ Insurance 741 $ Utilities 9,000 $ Payroll 25,000 $ Coffee Beans 626 $ Tea 200 $ Coffee Filters 117 $ Retail Supplies 690 $ Cups 700 $ Miscellaneous Inventory Fund 750 $ Total Expenses $ 97,911 $ Not incomo 120 7201 1,000 $ 170 $ 754 $ 9,500 $ 35,000 $ 637 $ 200 $ 147 $ 690 $ 712 $ 600 $ 102,210 $ 112 1261 900 150 767 9,800 35,000 648 200 188 713 724 550 102,440 0527 3 Total Expenses 4 Net income $ $ 97,911 $ (38,729) $ 102,210 $ (13,436) $ 102,440 8,527 UI Beginning balance ) Cash inflow I Cash outflow 2 Loan Repayment 3 Ending Cash Balance Cash Flow Statement 2019 $ 60,000 $ $ 59,183 $ $ 88,911 $ $ 20,000 $ $ 10,272 $ 2020 10,272 $ 88,774 $ 92,710 $ 20,000 $ 6,336 $ 2021 6,336 110,967 92,640 20,000 24,663 $ $ $ $ Balance Sheet 2019 2020 2021 60,000 10,272 $ 6,336 3,083 $ 2,986 3,023 741 $ 754 $ 767 63,824 $ 14,012 $10,126 $ Assets Cash/Short Term Investment Inventory Prepaid Insurance Total Current Assets Equipment Furniture Cash Register Office Equipment Refrigerators Ice Machine Expresso Machine Coffee Brewer Total Equipment Total Assets $ $ $ 7,130 $ 7,130 $ 7,130 419 $ 419 $ 419 1,555 $ 1,555 $ 1,555 1,975 $ 1,975 $ 1,975 430 $ 430 $ 430 4,450 $ 4,450 $ 4,450 959 $ 959 $ 959 16,918 $ 16,918 $ 16,918 80,742 $ 30,930 $ 27,044 $ $ $ $ 20,000 $ 20,000 $20,000 Liabilities & Equity Liabilities Notes Payable Equity Owner Investment Retained Earnings Total Equity Total Liabilities & Equity $ $ $ $ 60,000 0 0 (38,729) $(13,436) $ 8,527 21,272 $(13,436) $ 8,527 41,272 $ 6,564 $ 28,527