prepare a 3 Year Proposed Funding Schedule Sources and uses

prepare a 3 Year Proposed Funding Schedule (Sources and uses of the funds received.) for an online boutique retailer based on income statement below

Year	1	2	3
Expected Annual Sales	$     1,000,000	$     4,000,000	$     10,000,000
Cost of Sales	$        700,000	$     2,400,000	$       5,000,000
Gross Profit	$        300,000	$     1,600,000	$       5,000,000
Selling and Admin Expenses	$        250,000	$        250,000	$          250,000
Earnings before taxes	$          50,000	$     1,350,000	$       4,750,000
Taxes at 21%	$        (10,500)	$      (283,500)	$        (997,500)
Net Income	$          60,500	$     1,633,500	$       5,747,500

Solution

Sources and Uses of Fund Particulars Year 1 Year 2 Year 3 Sources 1000000 4000000 10000000 Uses: a) Cost of sales 700000 2400000 5000000 b) Selling and Admin Exp 250000 250000 250000