Need help on this project. I have started the budget but I'm not sure I'm on the right track. Scope...

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Need help on this project. I have started the budget but I'm not sure I'm on the right track. Scope of assignment is attached.

Rochak · Accepted Answer

Sheet1
	Yoga Studio
Income Statement
For Years Ended December 31
	Particulars	2022	2023
	Revenues:
	Annual membership fees	$300,000	$355,000
	Lesson and class fees	$180,000	$234,000
	Miscallaneous	$1,500	$2,000
	Total Revenues	$481,500	$591,000
	Expenses:
	Manager's salary and benefits	$36,000	$36,000
	Regular employees' wages and benefits	$190,000	$190,000
	Lesson and class employees' wages and benefits	$150,000	$195,000
	Towels and supplies	$15,500	$16,

Need help on this project. I have started the budget but I'm not sure I'm on the right track. Scope of assignment is attached.

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