| Pro Forma Income Statement |
| Report Item | Quarter 1 | Quarter 2 | Quarter 3 |
| Gross Profit |
| Revenues | 0 | 1,878,000 | 4,011,000 |
| - Rebates | 0 | 35,700 | 70,000 |
| - Cost of Goods Sold | 0 | 1,209,029 | 2,113,198 |
| = Gross Profit | 0 | 633,271 | 1,827,802 |
| Expenses |
| Research and Development | 120,000 | 60,000 | 0 |
| + Advertising | 0 | 131,790 | 130,449 |
| + Sales Force Expense | 0 | 124,392 | 277,391 |
| + Sales Office Expense | 180,000 | 300,000 | 200,000 |
| + Marketing Research | 0 | 15,000 | 15,000 |
| + Shipping | 0 | 30,730 | 52,604 |
| + Inventory Holding Cost | 0 | 0 | 4,528 |
| + Excess Capacity Cost | 0 | 0 | 0 |
| + Depreciation | 0 | 25,000 | 25,000 |
| = Total Expenses | 300,000 | 686,912 | 704,972 |
| Operating Profit | -300,000 | -53,641 | 1,122,830 |
| Miscellaneous Income and Expenses |
| + Other Income | 0 | 0 | 0 |
| - Other Expenses | 0 | 0 | 0 |
| = Earnings Before Interest and Taxes | -300,000 | -53,641 | 1,122,830 |
| + Interest Income | 0 | 0 | 3,000 |
| - Interest Charges | 0 | 0 | 0 |
| = Income Before Taxes | -300,000 | -53,641 | 1,125,830 |
| - Loss Carry Forward | 0 | 0 | 353,641 |
| = Taxable Income | 0 | 0 | 772,189 |
| - Income Taxes | 0 | 0 | 308,876 |
| = Net Income | -300,000 | -53,641 | 816,954 |
| Earnings per Share | -15 | -2 | 20 |
| End of Worksheet |
Skylerreybrasil
ProFormaIncomeStatement-Q3.xlsx
