Question: help to create a balance sheet for my project for year 1: income statement REVENUE Year 1 Year 2 Year 3 Gross sales $129,975.00 $162,468.75

help to create a balance sheet for my project for year 1:

income statement
REVENUE Year 1 Year 2 Year 3
Gross sales $129,975.00 $162,468.75 $203,085.94
NET SALES $129,975.00 $162,468.75 $203,085.94
EXPENSES
Administrative expenses
Salaries and employee expenses $156,500.00 $156,500.00 $156,500.00
Legal fees and Insurance $7,000.00 $3,000.00 $3,000.00
Website Apps & Software $10,000.00 $1,000.00 $1,000.00
Search Engine Optimization $1,000.00 $1,000.00 $1,000.00
Marketing and Outreach Expenses $7,000.00 $6,000.00 $6,000.00
Welcome Gift Production $4,993.20 $6,241.50 $7,801.88
Loan Repayment $0.00 $10,781.92 $10,781.92
Interest $0.00 $6,700.00 $6,432.87
TOTAL OPERATING EXPENSES $186,493.20 $191,223.42 $192,516.67
Net Income before taxes ($56,518.20) ($28,754.67) $10,569.27
Taxes $0.00 $0.00 $1,215.47
Net profit ($56,518.20) ($28,754.67) $9,353.81

Start up costs (Costs in Year 1 only)
Salaries for year 1 $156,500.00
Website Development $10,000
Digital Marketing $5,000
Property Owner outreach $2,000
Legal fees and Insurance $7,000
Search Engine Optimization $1,000
Gifts Year 1 $4,993.20
Required Funds in Year 1 $186,493.20
Annual expenses
Salaries $156,500.00
Website Maintenance $1,000
Search Engine Optimization $1,000
Content Creation $5,000
Email Outreach $500
Promotional Materials for property owners $500
Insurance $3,000
Loan Repayment amount $10,781.92

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