Question

can you make a balance sheet for 3 years from starting a business ?

Answer 1

Projected Balance Sheet for 3 years from starting a business:	Amount in $
	Year 3	Year 2	Year 1
Assets:
Property, Plant & Equipment	500,000	500,000	500,000
Less: Accumulated Depreciation	135,500	95,000	50,000
Property, Plant & Equipment, Net	364,500	405,000	450,000
Investments	250,000	250,000	250,000
Inventory	135,000	120,000	95,000
Accounts Receivable	220,000	185,000	92,000
Cash at Bank	250,000	185,000	40,000
Total Assets	1,219,500	1,145,000	927,000
Liabilities and Equity:
Accounts Payable	59,000	42,000	65,000
Capital	1,000,000	1,000,000	1,000,000
Net Income	160,500	103,000	-138,000
Total Liabilities and Equity	1,219,500	1,145,000	927,000