Projected Income Statement, NURSERY

Year 1 Year 2 Year 3

GROSS SALES 200,000.00 330,000.00 363,000.00
Less:
Sales Discounts - - -
Sales Return and Allowances - - -
Total 0.00 0.00 0.00
NET SALES 200,000.00 330,000.00 363,000.00

Less: Cost of Goods Sold

Direct Material Used
Raw Materials Inventory, Beg. - - -
Add: Purchases 84,120.00 142,106.25 156,316.88
Total RM Available for Use 84,120.00 142,106.25 156,316.88
Less: RM Inventory, End - - -
Raw Materials Used 84,120.00 142,106.25 156,316.88
Direct Labor 37,200.00 40,920.00 45,012.00
2.3 Production Overhead 15,376.67 17,694.67 19,221.47
Total Production Costs 136,696.67 200,720.92 220,550.35
Add: Work-in-Process beg. - - -
Less: Work-in-Process end - - -
Total Costs of Seedlings Produced 136,696.67 200,720.92 220,550.35
Add: Inventory of Seedlings, beg. - - -
Total Seedlings Available for Sale 136,696.67 200,720.92 220,550.34
Less: Seedlings Inventory end - - -
COST OF GOODS SOLD 136,696.67 200,720.92 220,550.34

GROSS PROFIT 63,303.33 129,279.08 142,449.66

LESS: OPERATING EXPENSES
4.1 Marketing Expenses 1,000.00 1,100.00 1,210.00
4.2 Gen. and Admin. Expenses 2,000.00 2,200.00 2,420.00
Total Operating Expenses 3,000.00 3,300.00 3,630.00

NET OPERATING PROFIT

60,303.33 125,979.08 138,819.66
Add: Other Income - -
Total Income 60,303.33 125,979.08 138,819.66
Less: Other Expenses
Pre-Operating Expenses 3,500.00
Interest/Other Unforeseen Exps.
NET PROFIT BEFORE TAX 56,803.33 125,979.08 138,819.66
Less: Taxes
NET PROFIT AFTER TAX 56,803.33 125,979.08 138,819.66
 Projected Cash Flow Statement, NURSERY

Pre -Op Year 1 Year 2

OPENING BALANCE 69,085.00 130,915.00

CASH INFLOW
Cash Sales 200,000.00 330,000.00
Collections of Receivables
Cash Equity 138,285.00
Short-Term Borrowings
Long-Term Borrowings
Total Cash Inflow 138,285.00 200,000.00 330,000.00

CASH OUTFLOW
Payments for Raw Materials 84,120.00 142,106.25
Payments for Labor 37,200.00 40,920.00
Production Overhead 13,850.00 16,168.00
Marketing Expenses 1,000.00 1,100.00
Gen. & Admin. Expenses 2,000.00 2,200.00
Payment of Fixed Assets 65,700.00 - -
Payments for Interest
Payments for Loan
Payments for Taxes - - -
Pre-Operating Expenses 3,500.00 - -
Total Cash Outflow 69,200.00 138,170.00 202,494.25

NET CASH FLOW 69,085.00 61,830.00 127,505.75

add: beginning cah flow 69,085.00 61,830.00
CASH ENDING BALANCE 69,085.00 130,915.00 189,335.75
Year 3
258,420.75

363,000.00
-

363,000.00

156,316.88
45,012.00
17,694.80
1,210.00
2,420.00

-
222,653.68

140,346.32
127,505.75
267,852.07