Using the sample financial statements, create pro forma statements of five year projections that are clear, concise, and easy to read.

The Proforma Income Statement – Projections for Five Years
Year 1
Revenue: $20,000,000
Cost of goods sold: (15,000,000 dollars)
Gross Profit: 5,000,000 Dollars
Operating Expenses ($3,500,00).
Net Operating Profit (NOI), $1,500,000
Interest expense: (250 000 $)
1.25 million dollars in net income before tax

Year 2
22 Million Dollars
Cost of Goods Sold: ($17 Million)
Net Operating Income (NOI), $800 Thousand Interest Cost : ($200 000)

Year 3: Gross profit 5.4 million Operating expenses 4.7million Net Operating Income (NOI 900thousand) Interest expense 225000 Net income before taxe 675 thousand

Year 4 Revenue: 26 million Cost Of Goods Sold: ( 19. Year 4 Revenue :26 million Cost of Goods Sold :(19. 1. Millions Operating costs(5.2 million) Net operating profit(noi);

Year 5 Revenue : 28 millions cost of goods (21.92 million gross profits); 6 8 millon operating expenses (5.6 milloin net operation income (noi)); 1200 thousands interest expense; 290 thousand net income before taxes; 910 thousand