Hello so my assignment is making a make up business plan and I'm assigned to make the income statement. Please do it.

Here is the example of the income statement:

Fancy's Foods LLC Pro Forma Income Statement January 2000 - December 2000 Net Sales $425,940.00 Less: Cost of Goods Sold $318,060.00 Gross Income $107,880.00 Operating Expenses Labor $18,000.00 Utilities $5,000.00 Insurance $2,400.00 Sales Promotion $18,000.00 Delivery and Transportation $12,000.00 Miscellaneous $1,500.00 Total Expenses $56,900.00 Net Income Before Taxes $50,980.00 Less: Income Taxes $15,294.00 Net Income After Taxes $35,686.00 Assumptions: 1 Net sales based on price of $2.29 per unit, 26,400 units sold in Antlers 2,200 units per month 39,600 units sold in Hugo 3,300 units per month 120,000 units sold in Oklahoma City 10,000 units per month Sales estimates based on 10%sales increase from previous year. 2 Cost of goods sold includes ingredients, packaging materials, labels, and co- packing expenses for canned product. 3 No salary will be drawn by the owners/managers in the second year. All profits will be re-invested for new market entry and increased production