*** THIS IS A CHALLENGE QUESTION. NOT A HOMEWORK QUESTION. PLEASE ATTEMPT ***

Client Inc. Projected Balance Sheet Dec. 31, 2019 Assets Current Assets Cash $ 912,103.55 $ 912,103.55 Fixed Assets Furniture $ 29,816.05 URL Ownership S 50,222.50 Website Development S 1,089,860.95 $ 1,169,899.50 Total Assets $ 2,082,003.05 Liabilities Current Liabilities Notes Payable $ 302,750.00 SMG 150.00 302,900.00 Long-term Liabilities Total Liabilities 302,900.00 Equities Capital Stock $ 5,122,121.00 Net Income $ (3,343,017.95) Total Equity $ 1,779,103.05 Total Liabilities and Equity $ 2,082.003.05Revenues for different segements Total Segments Revenues Cost of Revenue Gross Prot General 8: Administrative Expenses Administrative IT/ Website I System Development Marketing Expenses Professional Fees Insurance Leasehold improvements Employees I Staff Total Expenses EBIT Taxes Net Prot/Loss Client Inc. Proforma Income Statement m $227,201,420 51650-000 "m $568,488 $04,217,276 Year +4 $387,585,60 $25,921,30 $361,664,30 :2 O I 'U'l- H H 0 $4,000,600 $23,010,000 $60,900,000 $13,750,000 $95,000 $1,020,000 $29,862,000 $132,637,600 $229,026,700 $60,249,957 $160,776,743 Year +5 $644,058,700 $34,676,625 $609,302,075 $6,506,000 $32,090,000 $30,400,000 $37,750,000 $1,700,000 $39,235,000 $197,041,000 $411,541,075 $122,639,240 $288,901,835