You are starting a consulting/training small business who is looking into providing safety compliance guidance to warehouse employees in the logistics industry. As the world relies on ecommerce, more people are getting warehouse jobs. So, this new consulting business will be for those prospect new employees. There is No Land, building or office, or inventory. Sessions will be perform at each customer location.

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 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 Sessions at 39.99 each session. Total sales for 2024: 6099.52