PRO FORMA INCOME STATEMENT

COMPANY NAME
Street Address DATE PREPA 01/01/2019

City, State 12345 START YEAR 2019

Phone: (000) 000-0000 END YEAR 2023

REVENUE 2019 2020 2021 2022 2023

Gross Sales $ 200.00 $ 300.00 $ 400.00 $ 500.00 $ 600.00

Less Sales Returns and Allowances $ 10.00 $ 10.00 $ 10.00 $ 10.00 $ 12.00

NET SALES $ 190.00 $ 290.00 $ 390.00 $ 490.00 $ 588.00

COST OF SALES 2019 2020 2021 2022 2023

Beginning inventory $ 300.00 $ 310.00 $ 320.00 $ 330.00 $ 340.00

Plus Goods Purchased or Manufactu $ 100.00 $ 120.00 $ 140.00 $ 160.00 $ 170.00

TOTAL GOODS AVAILABLE $ 400.00 $ 430.00 $ 460.00 $ 490.00 $ 510.00

Less ending inventory $ 200.00 $ 250.00 $ 300.00 $ 350.00 $ 350.00

TOTAL COST OF GOODS SOLD (COGS) $ 200.00 $ 180.00 $ 160.00 $ 140.00 $ 160.00

GROSS PROFIT (LOSS) $ (10.00) $ 110.00 $ 230.00 $ 350.00 $ 428.00

OPERATING EXPENSES 2019 2020 2021 2022 2023

SELLING

Salaries and Wages $ 30.00 $ 35.00 $ 40.00 $ 45.00 $ 50.00

Commissions $ 10.00 $ 20.00 $ 30.00 $ 40.00 $ 40.00

Advertising $ 10.00 $ 20.00 $ 30.00 $ 40.00 $ 40.00

Depreciation $ 20.00 $ 30.00 $ 40.00 $ 50.00 $ 50.00

Other (i.e. Professional Fees) $ 5.00 $ 6.00 $ 7.00 $ 8.00 $ 8.00

TOTAL SELLING EXPENSES $ 75.00 $ 111.00 $ 147.00 $ 183.00 $ 188.00

GENERAL AND ADMINISTRATION 2019 2020 2021 2022 2023

Salaries and Wages $ 7.00 $ 8.00 $ 9.00 $ 10.00 $ 11.00

Employee Benefits $ 3.00 $ 4.00 $ 5.00 $ 6.00 $ 6.00

Payroll Taxes $ 1.00 $ 2.00 $ 3.00 $ 4.00 $ 4.00

Insurance $ 5.00 $ 6.00 $ 7.00 $ 8.00 $ 8.00

Rent $ 7.00 $ 8.00 $ 9.00 $ 10.00 $ 10.00

Utilities $ 2.00 $ 3.00 $ 4.00 $ 5.00 $ 5.00

 Depreciation and Amortization $ 3.00 $ 4.00 $ 5.00 $ 6.00 $ 6.00

Office Supplies $ 1.00 $ 2.00 $ 3.00 $ 4.00 $ 4.00

Travel and Entertainment $ 6.00 $ 7.00 $ 8.00 $ 9.00 $ 9.00

Postage $ 1.00 $ 2.00 $ 3.00 $ 4.00 $ 4.00

Equipment Maintenance and Rental $ 2.00 $ 3.00 $ 4.00 $ 5.00 $ 5.00

Interest $ 1.00 $ 2.00 $ 3.00 $ 4.00 $ 4.00

Furniture and Equipment $ 4.00 $ 5.00 $ 6.00 $ 7.00 $ 7.00

TOTAL GENERAL AND ADMINISTRATION$ 43.00 $ 56.00 $ 69.00 $ 82.00 $ 83.00

TOTAL OPERATING EXPENSES $ 118.00 $ 167.00 $ 216.00 $ 265.00 $ 271.00

NET INCOME BEFORE TAXES $ (128.00) $ (57.00) $ 14.00 $ 85.00 $ 157.00

Taxes on income 0 0 $ 2.80 $ 17.00 $ 31.40

NET INCOME AFTER TAXES $ (128.00) $ (57.00) $ 11.20 $ 68.00 $ 125.60

Extraordinary Gain or Loss $ 19.00 $ - $ 10.00 $ - $ -

Income Tax on Extraordinary Gain $ 3.00 $ - $ 2.00 $ - $ -

NET INCOME (LOSS) $ (112.00) $ (57.00) $ 19.20 $ 68.00 $ 125.60

PRO FORMA BALANCE SHEET TEMPLATE
COMPANY NAME
Street Address DATE PREPA 1/1/2019

City, State 12345 START YEAR 2019

Phone: (000) 000-0000 END YEAR 2023

ASSETS 2019 2020 2021 2022 2023

CURRENT ASSETS
Cash $ 200.00 $ 300.00 $ 400.00 $ 500.00 $ 600.00

Accounts Receivable $ 20.00 $ 10.00 $ 10.00 $ 10.00 $ 12.00

Inventory $ (300.00)

Prepaid Expenses $ 400.00 $ 400.00

Short-Term Investments $ 200.00

TOTAL CURRENT ASSETS $ (80.00) $ 710.00 $ 810.00 $ 710.00 $ 612.00

FIXED (LONG-TERM) ASSETS

Long-Term Investments $ 200.00 $ 400.00 $ 500.00 $ 600.00 $ 700.00

Property, Plant, and Equipment $ 34.00 $ 56.00 $ 78.00 $ 90.00 $ 120.00

(Less Accumulated Depreciation) $ 4.00 $ 45.00 $ 78.00 $ 12.00

Intangible Assets

TOTAL FIXED (LONG-TERM) ASSETS $ 238.00 $ 501.00 $ 578.00 $ 768.00 $ 832.00

OTHER ASSETS
Deferred Income Tax $ 300.00 $ 310.00 $ 320.00 $ 330.00 $ 340.00

Other $ 100.00 $ 120.00 $ 140.00 $ 160.00 $ 170.00

TOTAL OTHER ASSETS $ 400.00 $ 430.00 $ 460.00 $ 490.00 $ 510.00

TOTAL ASSETS $ 558.00 $ 1,641.00 $ 1,848.00 $ 1,968.00 $ 1,954.00

LIABILITIES AND OWNER'S EQUITY 2019 2020 2021 2022 2023

CURRENT LIABILITIES
Accounts Payable $ 45.00 $ 56.00 $ 54.00 $ 67.00 $ 78.00

Short-Term Loans $ 30.00 $ 35.00 $ 40.00 $ 45.00 $ 50.00

Income Taxes Payable $ 10.00 $ 20.00 $ 30.00 $ 40.00 $ 40.00

Accrued Salaries and Wages $ 10.00 $ 20.00 $ 30.00 $ 40.00 $ 40.00

Unearned Revenue $ 20.00 $ 30.00 $ 40.00 $ 50.00 $ 50.00

Current Portion of Long-Term Debt $ 5.00 $ 6.00 $ 7.00 $ 8.00 $ 8.00

TOTAL CURRENT LIABILITIES $ 120.00 $ 167.00 $ 201.00 $ 250.00 $ 266.00

LONG-TERM LIABILITIES
Long-Term Debt $ 34.00 $ 45.00 $ 56.00 $ 67.00

Deferred Income Tax $ 67.00

 Other

TOTAL LONG-TERM LIABILITIES $ 67.00 $ 34.00 $ 45.00 $ 56.00 $ 67.00

OWNER'S EQUITY
Owner's Investment $ 3.00 $ 4.00 $ 5.00 $ 6.00 $ 6.00

Retained Earnings $ 1.00 $ 2.00 $ 3.00 $ 4.00 $ 4.00

Other $ 5.00 $ 6.00 $ 7.00 $ 8.00 $ 8.00

TOTAL OWNER'S EQUITY $ 9.00 $ 12.00 $ 15.00 $ 18.00 $ 18.00

TOTAL LIABILITIES AND OWNER'S EQUITY $ 196.00 $ 213.00 $ 261.00 $ 324.00 $ 351.00

FINANCIAL RATIOS 2019 2020 2021 2022 2023

Debt Ratio (Total Liabilities / Total Assets) 0.34 0.12 0.13 0.16 0.17

Current Ratio (Current Assets / Current Liabilities) -0.67 4.25 4.03 2.84 2.30

Working Capital (Current Assets - Current Liabilities)

$ (200.00) $ 543.00 $ 609.00 $ 460.00 $ 346.00

Assets-to-Equity Ratio (Total Assets / Owner's Equity) 62.00 136.75 123.20 109.33 108.56

Debt-to-Equity Ratio (Total Liabilities / Owner's Equity) 20.78 16.75 16.40 17.00 18.50
PRO FORMA INCOME STATEMENT
COMPANY NAME
Street Address DATE PREPARED

City, State 12345 START YEAR 2022

Phone: (000) 000-0000 END YEAR 2026

REVENUE 2022 2023 2024 2025 2026

Gross Sales $ - $ - $ - $ - $ -

Less Sales Returns and Allowances $ - $ - $ - $ - $ -

NET SALES

COST OF SALES 2022 2023 2024 2025 2026

Beginning inventory $ - $ - $ - $ - $ -

Plus Goods Purchased or Manufactu $ - $ - $ - $ - $ -

TOTAL GOODS AVAILABLE

Less Ending Inventory $ - $ - $ - $ - $ -

TOTAL COST OF GOODS SOLD (COGS)

GROSS PROFIT (LOSS)

OPERATING EXPENSES 2022 2023 2024 2025 2026

SELLING

Salaries and Wages $ - $ - $ - $ - $ -

Commissions $ - $ - $ - $ - $ -

Advertising $ - $ - $ - $ - $ -

Depreciation $ - $ - $ - $ - $ -

Other (i.e. Professional Fees) $ - $ - $ - $ - $ -

TOTAL SELLING EXPENSES

GENERAL AND ADMINISTRATION 2022 2023 2024 2025 2026

Salaries and Wages $ - $ - $ - $ - $ -

Employee Benefits $ - $ - $ - $ - $ -

Payroll Taxes $ - $ - $ - $ - $ -

Insurance $ - $ - $ - $ - $ -

Rent $ - $ - $ - $ - $ -

Utilities $ - $ - $ - $ - $ -
 Depreciation and Amortization $ - $ - $ - $ - $ -

Office Supplies $ - $ - $ - $ - $ -

Travel and Entertainment $ - $ - $ - $ - $ -

Postage $ - $ - $ - $ - $ -

Equipment Maintenance and Rental $ - $ - $ - $ - $ -

Interest $ - $ - $ - $ - $ -

Furniture and Equipment $ - $ - $ - $ - $ -

TOTAL GENERAL AND ADMINISTRATION

TOTAL OPERATING EXPENSES

NET INCOME BEFORE TAXES

Taxes on Income #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

NET INCOME AFTER TAXES #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Extraordinary Gain or Loss $ - $ - $ - $ - $ -

Income Tax on Extraordinary Gain $ - $ - $ - $ - $ -

NET INCOME (LOSS) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

COMPANY NAME
Street Address DATE PREPARED

City, State 12345 START YEAR 2022

Phone: (000) 000-0000 END YEAR 2026

ASSETS 2022 2023 2024 2025 2026

CURRENT ASSETS
Cash

Accounts Receivable

Inventory

Prepaid Expenses

Short-Term Investments

TOTAL CURRENT ASSETS $ - $ - $ - $ - $ -

FIXED (LONG-TERM) ASSETS

Long-Term Investments

Property, Plant, and Equipment

(Less Accumulated Depreciation)

Intangible Assets

TOTAL FIXED (LONG-TERM) ASSETS $ - $ - $ - $ - $ -

OTHER ASSETS
Deferred Income Tax

Other

TOTAL OTHER ASSETS $ - $ - $ - $ - $ -

TOTAL ASSETS $ - $ - $ - $ - $ -

LIABILITIES AND OWNER'S EQUITY 2022 2023 2024 2025 2026

CURRENT LIABILITIES
Accounts Payable

Short-Term Loans

Income Taxes Payable

Accrued Salaries and Wages

Unearned Revenue

Current Portion of Long-Term Debt

TOTAL CURRENT LIABILITIES $ - $ - $ - $ - $ -

LONG-TERM LIABILITIES
Long-term debt

Deferred income tax

Other

TOTAL LONG-TERM LIABILITIES $ - $ - $ - $ - $ -

OWNER'S EQUITY
 Owner's Investment

Retained Earnings

Other

TOTAL OWNER'S EQUITY $ - $ - $ - $ - $ -

TOTAL LIABILITIES AND OWNER'S EQUITY $ - $ - $ - $ - $ -

FINANCIAL RATIOS 2022 2023 2024 2025 2026

Debt Ratio (Total Liabilities / Total Assets)

Current Ratio (Current Assets / Current Liabilities)

Working Capital (Current Assets - Current Liabilities)

$ - $ - $ - $ - $ -

Assets-to-Equity Ratio (Total Assets / Owner's Equity)

Debt-to-Equity Ratio (Total Liabilities / Owner's Equity)