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Rent - List only real estate used in business. Depreciation - Amortization of capital assets. Insurance - Fire or liability on property or products. Include workers' compensation. Loan Repayments - Outstanding business loans. Licenses & Permits – Business License, wholesale license, special use permits. Miscellaneous - Unspecified; small expenditures without separate accounts. Net Profit (loss) before taxes - Subtract total expenses from gross profit. Taxes - Include inventory and sales tax, excise tax, real estate tax, etc. Net Profit (loss) after taxes - Subtract taxes from net profit before taxes Annual Total - For each of the sales and expense items in your income projection statement, add all the monthly figures across the table and put the result in the annual total column. Annual Percentage - Calculate the annual percentage by the following formula: Annual total x 100% Total net sales www.hsi.us care@hsi.us 93

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