Explaln the following below using the provided details - Projected Statement of Financial Position 1

- Projected Statement of Financial Position 2

- PROJECTED STATEMENT OFCOMPREHENSIVE INCOME

- PROJECTED STATEMENT OF CASHFLOW

- PROJECTED STATEMENT OF CHANGES IN OWNER'S EQUITY

Projected Statement of Financial Position 1
	Year 1	Year 2	Year 3
ASSETS
Current Assets
Cash	661,699.32	878,892.68	1,107,576.63
Inventories	17,944.32	18,841.53	19,783.61
Prepaid Rent	100	110	121
Total Current Assets	679, 743.64	897,844.22	1,127,481.24
Non-Current Assets
Machine and Equipment	16,798.00	13,468.20	10,138.40
Less:Accumulated Depreciation	-3,329.80	-3,329.80	-3,329.80
Furnitures Fixtures	3,271.00	2,321.00	1,371.00
Less:Accumulated Depreciation	-950	-950	-950
Kitchen Utensils/Tools	6,131.00	4,907.87	3,684.74
Less:Accumulated Depreciation	-1,223.13	-1,223.13	-1,223.13
Total Non-Current Assets	20,697.0 7	15,194.1 4	9,691.20
Total Assets	700,440.71	913,038.35	1,137,172. 44
LIABILITIES & OWNER'S EQUITY
Current Liabilities
Utilities Payable	835.96	877.76	921.65
Total Current Liabilities	835.96	877.76	921.65
Owner's Equity
Capital	699,604.75	912,160.59	1,136,250.80
Total Liabilities and Owners Equity	700,440.71	913,038.35	1,137,172.44
Projected Statement of Financial Position 2
	Year 1	Year 2	Year 3
ASSETS
Current Assets
Cash	605,206.88	779,454.31	963,004.73
Inventories	17,944.32	18,841.536`	19,783.61
Prepaid Rent	100	110	121
Total Current Assets	670, 741.84	879,390.26	1,099,102.70
Non-Current Assets
Machine and Equipment	16,798.00	13,468.20	10,138.40
Less: Accumulated Depreciation	-3,329.80	-3,329.80	-3,329.80
Furnitures Fixtures	3,271.00	2,321.00	1,371.00
Less: Accumulated Depreciation	-950	-950	-950
Kitchen Utensils/Tools	6,730.00	5,387.07	4,004.14
Less: Accumulated Depreciation	-1,223.13	-1,223.13	-1,223.13
Object 32
Total Non-Current Assets	20,697.07	15,194.14	9,691.20
Total Assets	687,302.11	896,960.75	1,111,289.08
LIABILITIES & OWNER'S EQUITY
Current Liabilities
Utilities Payable	835.96	877.76	921.65
Total Current Liabilities	835.96	877.76	921.65
Owner's Equity
Capital	690,602.95	893,706.63	1,107,872.26
Total Liabilities and Owners Equity	691,438.91	894,584.39	1,108,793.90
CORNY DAWGS! PROJECTED STATEMENT OFCOMPREHENSIVE INCOME
		2019	2020	2021
Sale		932,460.00	979,083.00	1,028,037.15
Food Cost		428,931.60	450,378.18	472,897.09
Gross Profit		503,528.40	528,704.82	555,140.06
Less: Expense
Overhead		24,044.25	24,875.83	25,748.98
Utilities Expense		10,031.52	10,533.10	11,059.75
Rent Expense		600	600	600
Depreciation		6,812.73	6,812.73	6,812.73
Transportation		4,800.00	5,040.00	5,292.00
Repair Expense		1,800.00	1,890.00	1,984.50
Operating Expense		238,881.20	250,725.31	265,225.46
Supplies		14,026.20	14,627.56	17,322.82
Organizational Expense		7,255.00	7,617.75	7,998.64
Advertising Expense		1,600.00	1,680.00	1,764.00
Salaries		216,000.00	226,800.00	238,140.00
		262,925.45	275,601.14	290,974.44
Net Income		240,602.95	253,103.68	264,165.62
PROJECTED STATEMENT OF CASHFLOW
		Year 1	Year 2	Year 3
Net Income	240,602.95	253,103.68	264,165.62
Depreciation Machine and Equipment	5,502.93	5,502.93	5,502.93
(Increase)Decrease in Inventory	-17,944.32	-897.22	-942.08
Utilities Payable Decrease	835.96	41.8	43.89
Prepaid Rent	-100	-10	-11
Net Cash Provided (Used in) Operating Activities	228,897.52	257,741.20	268,759.37
Investments (Machine, Equipment, Tools)	-26,200.00
Net Cash Provided (Used in) Investing Activities	-26,200.00
Financing Activities
Investment by The Owners	500,000.00
Drawings	-50,000.00	-50,000.00	-50,000.00
Net Cash Provided (Used in) Financing Activities	450,000.00	-50,000.00	-50,000.00
Net Increase (Decrease in Cash)	652,697.52	207,741.20	218,759.37
Cash, Beginning		652,697.52	860,438.72
Cash, End	652,697.52	860,438.72	1,079,198.09
PROJECTED STATEMENT OF CHANGES IN OWNER'S EQUITY
		Year 1	Year 2	Year 3
Capital, Beginning		500,000.00	690,602.95	893,706.63
Add: Net Income		240,602.95	253,103.68	264,165.62
Less: Drawings		-50,000.00	-50,000.00	-50,000.00
Capital, Ending		690,602.95	893,706.63	1,107,872.26