Direction: Make a 4 year projected income statement of Mang Juan’s Product.

 
Complete the table below. (1 check each cell-32 points)
Sales at P85/ pack                                                               Cost of Sales: P42.50
pesos/pack
Quantity per month: average of 1500/ month                Marketing expenses: P 12,
975/month
                                                                 Operating expenses: P 14, 030/month

Year 1 - Year 2 - Year 3 - Year 5- Year 6-

  Year 4- 2024
2021 2022 2023 2025 2026

Sales/pack. 85 93.5 112.2 145.86

Quantity per
1500 1650 1980 2574
Month

Cost of Sales 42.50 46.75 56.1 72.93

Marketing
12 975 14272.5 17127 22265.1
Expense/mo.

Operating
14 030 15433 18519.6 24075.48
Expense/mo.

  Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

Percent of 40%
---- 10% 20% 30%
Increase

Sales at P 85 per
       
pack

Less: Cost of
       
sales at
 P42. 50

Gross profit        

Less: Marketing
       
Expenses

Less: Operating
       
Expenses

Net Income
Before        
Tax

Less: Income
       
Tax

NET INCOME        

 
 
*** TAKE NOTE WITH THE YEARS GIVEN. FOR YEAR 3 – 2023. USE THE 5TH AND
6TH COLUMN OF THE ANNUAL TAX TABLE.