Question: I need help developing and income statement for three years with the following information. Income statement Year 1 Year 2 Year 3 Revenues Booking Fees
I need help developing and income statement for three years with the following information.
| Income statement | Year 1 | Year 2 | Year 3 |
| Revenues |
|
|
|
| Booking Fees | $ 480,000 | $ 1,440,000 | $ 2,880,000 |
| Pro Membership | $ 300,000 | $ 150,000 | $ 200,000 |
| Premium Membership | $ 300,000 | $ 125,000 | $ 200,000 |
| Premium Plus Membership | $ 450,000 | $ 112,500 | $ 600,000 |
| Total Sales | $ 1,530,000 | $ 1,827,500 | $ 3,880,000 |
| Loans | $ 200,000 | $ - | $ - |
| Expenses & Costs |
|
|
|
| Lease | $ 30,000 | $ 35,000 | $ 40,000 |
| Marketing | $ 100,000 | $ 100,000 | $ 150,000 |
| Salaries | $ 598,339 | $ 760,008 | $ 760,008 |
| Office Supplies | $ 30,000 | $ 30,000 | $ 30,000 |
| Other Expenses | $ 20,000 | $ 20,000 | $ 20,000 |
| Total Expenses and Costs | $ 778,339 | $ 945,008 | $ 1,000,008 |
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