25 SAMPLE COMPANY Ademify LLC I Business Plan Table 11 Profit and Loss statement 2 021 2 022 2 023 2 024 2 025 2 026 Gross revenue COGS Salary and wages General costs Other expenditures Total costs Earnings before interest, taxes, depreciation, and amortization Amortization Earnings before interest and taxes Interest paid Profit before taxes Federal self-employment tax Federal net income tax State (PA) net income tax Net profit Profit accrual The chart below demonstrates when the Company is expected to become profitable. Break-even occurs when revenue equals expenses. According to the financials, month three will be the poin t at which break-even will occur. Figure 13 Break-even analysis
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