2. Prepare the pro forma financial statements.
a. Based on your best understanding at this point, you will prepare a consolidated balance sheet, statement of cash flows, and income statement for the first year.
I have made the cash flow statement but need the pro forma balance sheet and income statements made
Enrollment Fee2 $13,500
Membership Fees3,4 $183,100
Vending Revenues5 $1,500
Personal Training6 $52,100
Total Revenues7 $250,200
Operating Expenses1
Rent8 $95,600
Personal Training Expenses6 $31,300
Royalties $8,400
Processing/Credit Card Fees9 $10,100
Bad Debt10 $6,100
Utilities11 $21,700
Insurance $2,500
Proximity Cards2, 3 $1,600
Advertising Funds12 $7,200
Local Advertising13 $10,000
Vending Products5 $500
Maintenance $7,900
Base Technology Fee
Healthy Contribution Fees15 $300
Conference Fee $200
Miscellaneous16,18 $8,100
Total Operating Expenses $221,100
Income Before Salaries, Depreciation, Interest, Taxes and Debt Expense17 $29,100
Manager(s) Salary and Payroll Costs17
Income Before Depreciation, Interest, Taxes and Debt Expense17, 18 $29,100
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