prepare a sample 2-year project income statement with all possible expenses and four assumptions shown below.

• Monotube has a budget of $500,000 to enter the Australian Market
• Monotube does not currently have any sales force or penetration in the Australian market
• Production and packaging are currently done in Northeast Canada and they have the capacity to produce for the Australian Market
• The average variable cost to produce and ship 1 package of the perfume bottle is $6.75 landed in Australia.

. i am sorry no additional data was given by them!?????this is the sample which i think would work.. hope itprovides a bit of clarity.. i am sorry for the inconvinience

ABC Company Income Statement Year 1 Sales 5 400,000 Cost of Goods Sold 5 120,000 Gross Prot S 280,000 Salaries S 95,000 Rent S 25,000 Marketing 5 20,000 Utilities 5 5,000 Other expenses 5 7,500 Total Expenses $152,500 Net Income 5 127,500 Year 2 $ 42 5,000 5 123,250 5 301,750 5 97,000 5 25,000 5 20,000 5 5,000 5 10000 $157,000 5 144.750