INCOME STATEMENT Year 1 Year 2 Year 3 Year 4 Year 5 Sales 2,880,000.00 3,024,000.00 3,175,200.00 3,333,960.00 3,500,658.00 Less: represent of Good Sold (1,221,424.00) (1,243,656.00) (1,277,500.00) (1,313,035.00) (1,350,348.00) Gross income 1,668,576.00 1,780,344.00 1,897,700.00 2,020,925.00 2,150,310.00 Less: Operating write down Selling expense 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 Total Selling Expense (1,800.00) (1,800.00) (1,800.00) (1,800.00) (1,800.00) administrative Expense Salaries and Wages 804,000.00 804,000.00 804,000.00 804,000.00 804,000.00 Depreciation Expence Machineries and Equipment 27,087.00 27,087.00 27,087.00 27,087.00 27,087.00 Depreciation Expence Furnitures and Fixtures 1,884.00 1,884.00 1,884.00 1,884.00 1,884.

00 Other Expense 26,500.00 24,200.00 25,500.00 21,300.00 22,800.00 Total Operating Expense (859,471.00) (857,171.00) (858,471.00) (854,271.00) (855,271.00) Net income before tax revenue 807,305.00 921,373.00 1,037,429.00 1,164,854.00 1,292,739.00 Less: Income Tax (242,192.00) (276,412.00) (311,229.00) (349,456.00) (387,822.00) Net Income 565,113.00 644,961.00 726,200.00... If you want to get a full essay, order it on our website:
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