Question: From the above information, please help me create the three different statements: Income statement, Balance sheet and statement of cash flows. Answer 1 of 1

Answer 1 of 1 Year 2 Profit and Loss A/c Year 1 Income from Operations 250,000.00 350,000.00 750,000.00 Expenses 108,000.00 18,800.00 130,000.00 24,000.00 25.200.00 26.400.00 12,000.00 3,000.00 15,000.00 75,000.00 100,000.00 125,000.00 105,000.00 150,000.00 175,000.00 324,000.00 407,000.00 471,400.00 (74,000.00) (57,000.00) 278,600.00 Indirect Expenses Profit/Loss Year 1 Year 2 Balance Sheet Liablities Capital Year 3 100,000.00 00,000.00 100,000.00 3,500,000.00 3.500,000.00 3.500,000.00 350,000,00 250,000.00 450,000.00 3,950,000.00 3,850,000.00 4,050,000.00 Current Liabliities Fixed Assets Current Assets 1,500,000.00 2,000,000.00 2,500,000.00 2,450,000.00 1,850,000.00 550,000.00 3,950,000.00 3,850,000.00 4,050,000.00 financial analysis including Income statement, Balance sheet and stateent of cash flows for an app business plan I have no data. it is a simulation on a business that doesn't exist yet and needs to be created. It is an application that will link kids and eldery to discuver their skills with school that will provide them with working on their skills. I will be making money in clicks and advertizing from my platform. I will invest my $100,000 cash and will need 3.5 million loan to support 3 people salary expense, rent a facility, app creation expenses, buy equipment... please help me creating something realistic. interest can be a number between 6 to 9 percent and expected earnings will be progressively from first year around $250,000 second year $350,000 and the 3 following years around $650,000 to $750,000 to facilitate the ROE and pay back loans. the first two years doesn't need to be positive in ROE but from the third year should pick up Please advise if realistic
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
