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Table 4. The New Farm Market: Sample Pro Forma Statement
Years Three and Four

	Year Three	Year Four
Sales	432,000	449,000
Cost of Goods Sold	255,000	260,000
Gross Margin	$177,000	$189,000
Expenses
Wages	40,000	42,000
Management	32,000	32,000
All Other Expenses	78,000	80,000
Balance Sheets
Cash	3,000	3,000
Accounts Receivable	2,000	0
Inventory	30,000	25,000
Equipment	18,000	11,000
Building	34,000	26,000
Accounts Payable	(12,000)	( 0)
Bank Notes Payable	(65,000)	(55,000)
LongTerm Liabilities	(28,000)	(25,000)

Projected Net Operating Income	$9,000	$20,000