Please note down in point form, what is wrong with this income statement and why you would not invest in a business with these numbers! Urgent

Income Statement For the Year Ending January February March April May June July August September October November December YTD Revenue Sales Sales Returns $ 50,000 $ 52,500 $ 55,125 $ 57,881 $ 60,775 $ 63,814 $ 67,005 $ 70,355 $ 73,873 $ 77,566 $ 81,445 $ 85,517 $ 795,856 Sales Discounts (5,000) (5,250) (5,513) (5,788) (6,078) (6,381) (6,700) (7,036) (7,387) (20,989) (14,989) (8,852) (99,963) 695,893 333,378 362,515 122,917 7,959 7,561 23,876 3,979 1,592 55,155 263 289 Net Sales $ 45,000 $ 47,250 $ 49,612 $ 52,093 $ 54,697 $ 57,433 $ 60,305 $ 63,319 $ 66,486 $ 56,577 $ 66,456 $ 76,665 Cost of Goods Sold $ 20,000 $ 21,000 $ 22,050 $ 23,153 $ 24,310 $ 25,526 $ 26,802 $ 28,142 $ 29,549 $ 31,027 $ 40,772 $ 41,048 Gross Profit $ 25,000 $ 26,250 $ 27,562 $ 28,941 $ 30,387 $ 31,907 $ 33,503 $ 35,177 $ 36,937 $ 25,551 $ 25,684 $ 35,617 $ Operating Expenses Salaries & Wages $ 7,500 $ 7,875 8,269 $ 8,682 $ 9,116 $ 9,572 $ 10,051 $ 10,553 $ 11,08 $ 11,635 $ 12,217 $ 16,36 $ Depreciation Expenses 500 525 551 579 608 638 670 704 739 776 814 855 Office Expenses 475 499 524 550 577 606 637 668 702 737 774 812 Rent Expense 1,500 1,575 1,654 1,736 1,823 1,914 2,010 2,111 2,216 2,327 2,443 2,566 Travel Expenses 250 276 319 335 352 369 388 407 428 Maintenance Expenses 100 105 110 116 122 128 134 141 148 155 163 Advertising Expenses 2,200 2,200 2,200 2,200 2,200 2,200 4,950 5,500 6,266 5,199 9,620 10,420 Total Operating Expens $ 12,525 $ 13,041 $ 13,583 $ 14,152 $ 14,750 $ 15,378 $ 18,786 $ 20,028 $ 21,521 $ 21,216 $ 26,438 $ 31,618 $ Income From Operatior $ 12,475 $ 13,209 $ 13,979 $ 14,788 $ 15,637 $ 16,530 $ 14,716 $ 15,149 $ 15,416 $ 4,334 $ (755) $ 3,999 $ Interest Income (Expense) (100) (105) (110) (116) (122) (128) (134) (141) (148) (155) (163) (171) Income Before Income $ 12,375 $ 13,104 $ 13,868 $ 14,673 $ 15,516 $ 16,402 $ 14,582 $ 15,008 $ 15,268 $ 4,179 $ (917) $ 3,828 Income Tax Expense 750 788 827 868 912 957 1,005 1,055 1,108 1,164 1,222 1,283 Net Income $ 11,625 $ 12,316 $ 13,042 $ 13,804 $ 14,604 $ 15,445 $ 13,577 $ 13,953 $ 14,160 $ 3,016 $ (2,139) $ 2,545 $ 304 171 223,038 139,478 (1,592) 137,886 11,938 125,948