Question: Prepare a one-year pro forma budget for a new startup to include a consolidated balance sheet, statement of cash flows, and income statement for the

Prepare a one-year pro forma budget for a new startup to include a consolidated balance sheet, statement of cash flows, and income statement for the first year.

Assets

Cash 2000

equipment 2800

computer 1850

camera 2200

microphone 500

lightning 1650

total operating assets = $11,000

Depreciation = 20% salvage value after one year

fixed expenses - $700 monthly

Sales

service 1 price= $159 - COGS= 30% of price

service 2 price= $159 - COGS= 50% of price

Budgeted sales are ten purchases to start for each service and monthly growth of 20% in sales for both.

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