PROJECTED INCOME STATEMENT FOR

YEAR 1
NET SALES 993,500.00
COST OF SALES 549,269.30
GROSS PROFIT 444,230.70

OPERATING EXPENSE
DEPRECIATION EXPENSE-BUILDING 22,500.00
DEPRECIATION EXPENSE-DELIVERY
VEHICLE 6,300.00
DEPRECIATION EXPENSE-MACHINERY &
EQUIPMENT 2,700.00
DEPRECIATION EXPENSE-FURNITURE &
FIXTURES 2,250.00
SALARIES EXPENSE 162,000.00
TOTAL OPERATING EXPENSE 195,750.00
INCOME BEFORE TAX 248,480.70
INCOME TAX
NET PROFIT 248,480.70

NOTE: INCOME TAX WAS CALCULATED A

COME STATEMENT FOR 5 CONSECUTIVE YEARS

YEAR 2 YEAR 3 YEAR 4 YEAR 5

1,092,850.00 1,202,135.00 1,322,348.50 1,454,583.35
603,841.58 661,613.00 727,462.04 797,611.24
489,008.42 540,522.00 594,886.46 656,972.11

22,500.00 22,500.00 22,500.00 22,500.00

6,300.00 6,300.00 6,300.00 6,300.00

2,700.00 2,700.00 2,700.00 2,700.00

2,250.00 2,250.00 2,250.00 2,250.00

162,000.00 162,000.00 162,000.00 162,000.00
195,750.00 195,750.00 195,750.00 195,750.00
293,258.42 344,772.00 399,136.46 461,222.11
8,651.68 18,954.40 29,827.29 45,305.53
284,606.74 325,817.60 369,309.17 415,916.58

E TAX WAS CALCULATED AS PRESCRIBED BY BIR.

 COST PER UNIT
SMALL 23.44
MEDIUM 25.4
LARGE 31.5

13,921.00 40.00 556,840.00

14,962.00 60.00 897,720.00

1,454,560.00
ASSET

CASH
RAW MATERIALS
FINISHED GOODS
TOTAL CURRENT ASSETS