INCOME STATEMENTS

3months 8 months 12 months

Accommodation 1,968,600 5,464,200 7,720,800
Revenue
Other Revenue 219,315 610,755 867,420
Total Revenue 2,187,915 6,074,955 8,588,220

Operating Expenses
Licenses 25,000 25,000 25,000
Supplies 437,030 1,135,280 1,748,120
Utilities 60,000 160,000 240,000
Rent 120,000 320,000 480,000
Salaries 520,843.23 1,394,159.41 2,101,643.30
Advertisement 30,000 55,000 75,000
Repairs and 43,800 116,800 175,200
Renovations
Other Operating 151,490.74 229,308.64 291,562.96
Expenses
Total Expenses 1,388,163.97 3,435,548.05 5,136,526.26
Income before Tax 799,751.03 2,639,406.95 3,451,693.74
Income Tax Expense 59,981.33 527,881.39 1,035,508.12
Net Income 739,769.70 2,111,525.56 2,416,185.62
CASH FLOWS

3months 8 months 12 months

Cash flows from Operating Activities
Collection from Customers 2,187,915 6,074,955 8,588,220
Payment of Licenses and Fees (25,000) (25,000) (25,000)
Payment of Supplies (437,030) (1,135,280) (1,748,120)
Payment of Utilities (60,000) (160,000) (240,000)
Payment of rent (200,000) (400,000) (560,000)
Payment of Salaries (520,843.23) (1,394,159.41) (2,101,643.30)
Payment for Advertisement (30,000) (55,000) (75,000)
Payment for repairs and Renovations (43,800) (116,800) (175,200)
Payment for other operating expenses (151,490.74) (229,308.64) (291,562.96)
Payment for Taxes (59,981.33) (527,881.39) (1,035,508.12)
Net Cash Flows from Operating Activities 659,769.70 2,031,525.56 2,336,185.62
Cash Flows from Investing Activities
Acquired Furniture and Fixtures (82,500) (82,500) (82,500)
Acquired Equipment (144,500) (144,500) (144,500)
Net Cash Flows from Investing Activities (227,000) (227,000) (227,000)
Net Change in Cash 432,769.70 1,804,525.56 2,109,185.62
Cash,beginning 1,800,000 1,800,000 1,800,000
Cash,ending 2,232,769.70 3,604,525.56 3,909,185.62
 3 months 8 months 12 months
A B C A B C A B C
Beginnin 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000
g Capital
Net 246,589.9 246,589.9 246,589.9 703,841.85 703,841.85 703,841.85 805,395.21 805,395.21 805,395.21
Income 0 0 0
Ending 846,589.9 846,589.9 846,589.9 1,303,841.85 1,303,841.85 1,303,841.85 1,405,395.21 1,405,395.21 1,405,395.21
Capital 0 0 0
CHANGES IN EQUITY
BALANCE SHEET

3months 8 months 12 months

ASSETS
Cash 2,232,769.70 3,604,525.56 3,909,185.62
Prepaid Rent 80,000 80,000 80,000
Furniture and 82,500 82,500 82,500
Fixtures
Equipment 144,500 144,500 144,500
TOTAL ASSETS 2,539,769.70 3,911,525.56 4,216,185.62
LIABILITIES AND EQUITY
A Capital 846,589.90 1,303,841.85 1,405,395.21
B Capital 846,589.90 1,303,841.85 1,405,395.21
C Capital 846,589.90 1,303,841.85 1,405,395.21
TOTAL LIABILITIES 2,539,769.70 3,911,525.56 4,216,185.62
AND EQUITY