Lemonade 123 Income Statement Assignment and WHAT IF Analysis BALANCESHEET \begin{tabular}{lrlr} Cash & 145 & Debt & 40 \\ NR & 0 & Equity & 10 \\ Inventory & 0 & Retained Eaming & 25 \\ Total Assets & 145 & Total Debtand Eoulty & 145 \end{tabular} INCOMESTATEMENT Sales coGS GP Expenses tabor Depreciation Total Expenses Operating Profit Interest Taxes Tax 8 interest Net Income. 115 Analysis \% sales 45 100% 126.510% increase in sales 70 39% . Questions? Please use the space to the right to show your work for partial credit... \#1 We need to pay back the initial $40 loan from Mom. How will this impact the next balance sheet? What will the new Balance Sheet Totals be, if the totals indeed change? \#2 If we grow our Sales Revenue by 10%, changing sales from 115 to 126.50 , and also increasing our COGS also by 10%, but holding all other expenses the same what would our resulting Net Income be? \#3 We have determined that in using the new ice machine we actually use less lemonade per sale so our average COGS per unit is now closer to $.20 for each $1 drink we sell What would COGS be based on a 10% sales increase, but now with COGS per unit sold of $.20 ? \#4 What is the resulting Net Income in the next period if we grow sales by the 10% and also reducing COGS to the $.20/ unit sold