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Create pro forma statements of five year projections that are clear concise an
Create pro forma statements of five year projections that are clear concise and easy to read.XYZ Company INC.Profit and Loss StatementYear Ended December
31 20XX%Sales 1750450Returns and allowances 2752Net Sales 1747698 100.0Cost of SalesBeginning Inventory 50000Purchases 610162Production Labor
420108Ending Inventory 30000Total Cost of Sales 1050270 60.1Gross Profit 697428 39.9Selling ExpenseWages 75000Commissions 25000Marketing 25000Total
Selling Expenses 125000 7.2Operating ExpenseSalaries 225000Payroll taxes 29000Benefits 27000Office Supplies 500Postage 250Professional Fees 2000Telephone
850Utilities 950Training & Education 250Miscellaneous 50Total Operating Expense 285850 16.4Operating Profit:EBITDA 286578 16.4Other Income
(Expense)Interest (9650)Depreciation (12000)Amortization (2500)Total Other Income (Expense) (24150)Total Pre-tax Profit 262428 15.0Income Tax Allowance
118093Net Profit 144335 8.3
XYZ Company INC.
Balance Sheet
For Year Ending December 31 20XX
ASSETS
Current Assets
Cash 10525
Accounts Receivable 27000
Inventory 30000
Prepaid Expenses 2000
Total Current Assets 69525
Fixed Assets
Property:net of depreciation 215000
Equipment:net of depreciation 80000
Vehicles:net of depreciation 5000
Total Fixed Assets 300000
Total Assets 369525
LIABILITIES
Current Liabilities
Revolving lines of credit 20000
Accounts Payable 5000
Current Portion of Long-term Debt 15000
Total Current Liabilities 40000
Long-term Liabilities
Long-term debt and capital leases 45500
Loans payable to stockholders 60500
Total Long-term Liabilities 106000
Total Liabilities 146000
Stockholders Equity
Common stock 1000
Additional Paid-in Capital 25000
Retained Earnings (Cum from prior years) 53190
Retained Earnings (From current P&L) 144335
Total Stockholders Equity 223525
Total Liabilities and Stockholders Equity 369525
