Income Statement
UFO RESTAURANT
Projected Balance Sheet
Year 1 - Year 3
| Year 1 | Year 2 | Year 3 | |
| Assets | |||
| Cash | $210,000 | $1,167,000 | $3,412,000 |
| Inventory | 150,000 | 300,000 | 400,000 |
| Loan | 1,000,000 | 1,000,000 | 1,000,000 |
| Building & Equipt. | 6,000,000 | 6,000,000 | 6,000,000 |
| Accum. Depreciation | (150,000) | (300,000) | (450,000) |
| License | 250,000 | 250,000 | 250,000 |
| Deposits | 30,000 | 30,000 | 30,000 |
| Organization Expenses | 425,000 | 425,000 | 425,000 |
| Total Assets | $7,915,000 | $8,872,000 | $11,067,000 |
| Liabilities | |||
| Accounts Payable | $24,000 | $73,000 | $146,000 |
| Retained Earnings | (109,000) | 799,000 | 2,921,000 |
| Capital Stock | 500,000 | 500,000 | 500,000 |
| Paid in Capital | 7,500,000 | 7,500,000 | 7,500,000 |
| Total Liabilities | |||
| and Stockholders | $7,915,000 | $8,872,000 | $11,067,000 |
Income Statement