You are launching a consulting/training small business with the goal of advising logistics industry warehouse workers on safety compliance. More people are finding warehouse work as ecommerce becomes more and more prevalent. Therefore, this new consulting firm will serve those potential new hires. There is no land, structure, office, or stock. Sessions will be carried out where the customer is.

Now, considering the case, create an income statement, balance sheet and cash flow considering the following:

Bank Loan: $10,000.00 at %3 for 5 years

Fixed Expenses for the year 2023: (insurance, transportation, teaching license): $3800.00

Equipment (one time certificate printer and plastic cards) $1000.00

Growth from2023 to 2024: 8.5%

Sales 2023: 35 consulting sessions at $149.99 each session. And, 7 Individual Sessions at 39.99 each session. Total sales for 2023: 5529.58

Cash: $10000

// 2024 sales: 38 consulting sessions at $149.99 each session. And, 10 Individual Sessions at 39.99 each session. Total sales for 2024: 6099.52

// 2025 sales: 42 consulting sessions at $149.99 each session. And, 11 Individual Sessions at 39.99 each session. Total sales for 2024: 6739.47

// 2026 sales: 46 consulting sessions at $159.99 each session. And, 13 Individual Sessions at 49.99 each session. Total sales for 2024: 8009.41

2026 expense: License renewal for another 3 years: $950.00