Schedule 1

Equipments Quantity Unit Price Total Schedule of Monthly Revenue

Client's PCs 12 35,500.00 426,000.00
PC Server 1 35,500.00 35,500.00 Internet Access
Modem Router 1 5,634.18 5,634.18 Printing
16 Port Switch 1 10,834.07 10,834.07 CD/DVD Burning
Xerox Machine 1 35,000.00 35,000.00 Other services
Printer w/ scanner 2 13,995.00 27,990.00
Total Amount 540,958.25

Schedule 2 Depreciation
Furniture and fixture Quantity Unit Price Total Equipment
Plastic Chairs 14 250 3500 Furniture and Fixtures
Computer Tables 12 250 3000 Appliance
Total Amount 6500

Schedule 3
Appliance Quantity Unit Price Total
Telephone 1 2,295.00 2,295.00
Electric Fan 3 1,375.00 4,125.00
Exhaust Fan 2 1,030.00 2,060.00
Digital Clock 1 300.00 300.00
Total Amount 8,780.00
of Monthly Revenue

85,000.00
12,500.00
20,000.00
15,000.00
132,500.00

Depreciation
540,958.25 5 108,191.65
e and Fixtures 6,500.00 5 1,300.00
8,780.00 5 1,756.00 111,247.65
Pre- operating Expenses
Permit and Licensing 5,000.00 Php 75,000.00
Renovation of the building 20,000.00
Acquisition of Man power 50,000.00
Capital Outlay
Equipment 540,958.25
Furniture and Fixtures 6,500.00
Appliance 8,780.00 556,238.25
Working Capital
Rent Expense Php 10,000.00
Supplies Expense 2,500.00
Salaries 21,000.00
Utilities Expense 5,000.00
Advertising Expense 5,000.00
Miscelleneous Expense 2,000.00 45,500.00
Total Project Cost Php 676,738.25
 Projected Time Table
April May June
1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st
Formation of
Business
Pooling of Capital

Renovation of
Building

Purchase of
Equipment,
Appliances, and
Furniture’s and
Fixtures and other
Supplies

Hiring of Personnel
Start of business
Operation
 June
2nd 3rd 4th
 Income Statement

Year 1 Year 2 Year 3

Revenue
Service Income Php 1,590,000.00 1,749,000.00 1,923,900.00
Less: Operating Expense
Rent Expense 120,000.00 126,000.00 132,300.00
Supplies Expense 30,000.00 31,500.00 189,000.00
Salaries 273,000.00 286,650.00 300,982.50
Utilities Expense 60,000.00 63,000.00 66,150.00
Advertising Expense 60,000.00 63,000.00 66,150.00
Miscelleneous Expense 24,000.00 25,200.00 26,460.00
Permit and Licensing - 5,000.00 5,250.00
Depreciation Expense 111,247.65 111,247.65 111,247.65
Pre-Operating Expense 75,000.00 - -
Total Operating Expense 753,247.65 711,597.65 897,540.15
Net Income BeforeTax 836,752.35 1,037,402.35 1,026,359.85
Less: 30% Income Tax 251,025.71 311,220.71 307,907.96
Net Income 585,726.65 726,181.65 718,451.90