This assignment is not looking for dollar figures , but primarily your justification on why the line items will change and what direction they will change , if any . You may make assumptions based on the increased sales volume and how it will affect income and expenses , if and when you do make these assumptions , please describe them and their effects on each line item .
You can go on the Internet and search for videos covering financial statements .
These are the line items :
Income earned :
Expenses include :
Salaries Rent Depreciation Supplies Lease ( on your refrigerator ) Tax
Interest ( on loans currently held ) Insurance