Table 5.

2
The 3J Modern Filipino Cuisine
Projected Statement of Financial Position
For the Year 2020 – 2024

2020 2021 2022 2023 2024

ASSETS
Cash 2,370,831.06 3,676,334.47 5,140,141.92 6,790,187.08 8,654,953.81
Accounts Receivable, Net - - - - -
Inventory 210,750.43 255,285.54 294,333.01 338,695.00 389,765.02
Total Current Assets 2,581,581.49 3,931,620.01 5,434,474.94 7,128,882.08 9,044,718.82
Plant, Property and Equipment 93,961.43 69,738.93 45,516.43 21,293.93 -
Total Non – Current Assets 93,961.43 69,738.93 45,516.43 21,293.93 -
TOTAL ASSETS 2,675,542.92 4,001,358.94 5,479,991.37 7,150,176.01 9,044,718.82

LIABILITIES AND EQUITY

Accounts Payable 82,276.97 111,440.04 131,560.20 152,040.21 175,091.72
VAT Payable 59,447.98 75,749.42 85,736.76 97,014.64 109,920.14
Total Current Liabilities 141,724.95 187,189.46 217,296.96 249,054.85 285,011.84
Capital balance, ending 2,533,817.97 3,814,169.47 5,262,694.41 6,901,121.16 8,756,778.42
TOTAL LIABILITIES AND
2,675,542.92 4,001,358.94 5,479,991.37 7,150,176.01 9,044,718.82
EQUITY
 Table 5.3
The 3J Modern Filipino Cuisine
Projected Income Statement
For the Year 2020 – 2024

Particulars 2020 2021 2022 2023 2024

Net Sales 6,680,655.10 8,229,206.82 9,269,729.40 10,445,285.02 11,790,479.64

Less: Cost of Goods Sold 5,138,965.46 6,330,159.09 7,130,561.08 8,034,834.63 9,069,599.72

Gross Profit 1,541,689.64 1,899,047.73 2,139,168.32 2,410,450.39 2,720,879.92

Less: Operating Expense

Selling Expense 18,663.57 17,941.77 17,335.75 16,826.93 16,399.73

Administrative Expense 46,143.25 52,032.38 52,511.24 53,013.81 53,541.25

Total Operating Expense 64,806.82 69,974.15 69,846.99 69,840.74 69,940.98

Net Income 1,476,882.82 1,829,073.57 2,069,321.33 2,340,609.65 2,650,938.94

 Table 5.4
The 3J Modern Filipino Cuisine
Projected Statement of Changes in Equity
For the Year 2020 – 2024

2020 2021 2022 2023 2024

Capital balance beginning 1,500,000.00 2,533,817.97 3,814,169.47 5,262,694.41 6,901,121.16

Add: Share in Operating Income 1,476,882.82 1,829,073.57 2,069,321.33 2,340,609.65 2,650,938.94

Less: Withdrawal (443,064.85) (548,722.07) (620,796.40) (702,182.90) (795,281.68)

Capital balance, ending 2,533,817.97 3,814,169.47 5,262,694.41 6,901,121.16 8,756,778.42