Question: How to make a projected income statement for years 1, 3 and 5 with the following information; Expenses Depreciation$15,000.00 Utilities$27,720.00 Insurance$7,800.00 Gas$2,142.00 Phone/Internet$3,213.00 License$834.75 Tools$945.00

How to make a projected income statement for years 1, 3 and 5 with the following information;

Expenses

  • Depreciation$15,000.00
  • Utilities$27,720.00
  • Insurance$7,800.00
  • Gas$2,142.00
  • Phone/Internet$3,213.00
  • License$834.75
  • Tools$945.00
  • Salaries Of 5 Employees$6,450.00
  • Owner's Salaries$120,000.00
  • Advertisement/Promotion$1,000.00

Income

Cost of Snow Boards $165 each selling price $395 each Average sales 525 boards

Cost of Skate Boards $85 each selling price $175 each Average sales 475 boards

Cost of Bikes $335 each Selling price $485 each Average sales 597

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