Income

Bent Cycling

Author

Date

Purpose To project Bent Cycling's income statements for the

next five fiscal years

Bent Cycling Projected Five-Year Income Statement 10/24/2011





Bent Cycling

Projected Five-Year Income Statement

Percent Cost of Goods

Assumed Tax Rate

Year 1 Year 2 Year 3 Year 4 Year 5

Sales Revenue

Cost of Goods Sold

Gross Profit



Accounting

Advertising & Promotion

Insurance

Maintenance

Utilities

Miscellaneous

Total General Expenses



Earnings before Interest, Depr. & Tax

Depreciation Expense

Operating Profit



Interest Expense

Earnings Before Taxes



Estimated Tax

Net Income

Bent Cycling Depreciation of Assets 10/24/2011





Bent Cycling

Depreciation of Assets



Initial Asset Value (Cost)

Salvage Value (Salvage)

Life of Asset (Life)



Year

1 2 3 4 5

Straight-Line (SLN)

Cumulative Depreciation

Depreciated Asset Value



Declining Balance (DB)

Cumulative Depreciation

Depreciated Asset Value