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Construct the projected Cash flow statements using indirect methold for all the years Income Statement Revenues Cost of Sales Gross Profit $1,976,000 $2,074,800 $2,178,540$2,287,467 $2,401,840 1,213,6591,274,342 1,338,0591,404,962 1,475,210 $762,341 $800,458$840,481 $882,505$926,630 6,300 12,360 Accountin Advertising & Promotion Bank Charges Compensation & Benefits Consulting Fees Insurance Lease Facilities Legal & Professional Licenses &Fees Maintenance Miscellaneous Office supplies Securit Telephone Utilities 7,293 15,000 13,506 48,037 50,439 246,643 254,042 261,663 269,513 277,598 2,400 336,000 336,000336,000 336,000336,000 541 2,700 2,865 742 Total Operating Exp.663,159 EBIDTA Depreciation Operating Profit Interest Expense Earnings Before Taxes Income Taxes Net Income 702,276 $99,182$132,135 $161,226$191,936$224,354 668,323 679,255 690,569 7 $94,266$127,219$156,310$187,020$219,438 29,639 189,799 66,429 $123,370 33,524 153,496 53,724 99.772 40,274 37,059 51,067 17,873 14$77,513 Balance sheets $33,150$110,697$210,697 $243,259$293,834 $363,370 424.781 28,00028,000 Total Current Assets $486,150$563,697$663,478$717,279$790,155$883,107 Prepaid Leases 28,000 28,000 Fixed Assets Less: Depreciation Net Fixed Assets Total Assets 33,850 33,850 33,85033,85033,85033,850 19,66424,579 9,271 520,000$592,631$687,496$736,382 $804,341 $892,378 0) 33,850 14,747 19,103 9,832 28,934
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