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Part: VI Helpful References > Pro Forma Income Statement

Pro Forma Income Statement

 YEAR 1 YEAR 2YEAR 3YEAR 4
  SALES  
Systems24 2505001,000
Revenue246 3,7506,75012,000
Cost of Sales93 7501,3502,400
Gross Income153 3,0005,4009,600
  EXPENSES  
Salaries281 1,0881,7962,708
Notes Payable37 163270417
Travel and Entertainment16 307483653
Automobile8 91215
Consulting104 203050
Advertising and Promotion9 94187375
Trade Shows 242444
Contractor Installation 625
Legal and Accounting7 204060
Insurance 202224
Office Rent47 6683103
Communications7 3462114
Office Supplies4 51010
Postage2 356
Miscellaneous1 101820
Depreciation10 404550
Total Expenses533 1,9033,0875,274
Income Before Tax(380) 1,0972,3134,326
Provision for Income Tax 2009251,730
NET INCOME AFTER TAX(380) 8971,3882,596



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