Could you please help me to make a 3 year plan for the profit and loss and balance sheet for the barber shop with the assumptions.

thanks heaps

Previous answer  given

Profit and loss (Yearly)

Sales $800000

Direct cost of sales $350000

Gross margin $450000

Expenses

Payroll  $100000

Sales and marketing exp $50000

Depreciation $2000

Insurance $10000

Utility $9000

Rent $150000

Total operating expenses $321000

Profit before income tax $129000

Interest expense $20000

Taxes incurred $40000

Net Profit $69000

Balance sheet

Assets

Depreciation $2000

Cash $100000

Inventory $100000

Accounts payable $50000

Total asset $252000

Liabilities

Long term liability $150000

Paid up capital $15000

Earnings $69000

Total liabilities $234000

Net worth $18000

the figures were given on the 1st question regarding the barber shop

1). P&L and Balance Sheet 5% - Financial plans provide a three year P&L summary (1/2 page) and Balance sheet summary (1/2 page) that are JUSTIFIED and consistent with the previous sections of the business plan. 

2). Capital requirements and funding plan 5% - Financial plans identify plausible initial capital requirements and capital funding plan. I 

3). Valuation and justification 5% - Financial plans include a plausible business valuation at the end of year 3 using either the asset value, capitalized future earnings, earnings multiple or comparable sales approach. Both the choice of valuation method and the assumptions used to calculate the valuation are justified.