| Year 2 | Ratios | Forecast |
Revenue | $5,157,600 | | $5,673,360 |
COGS | 2,420,700 | 0.469346 | |
SG&A | 2,708,500 | 0.525147 | |
Dep. Exp. | 246,600 | | |
EBIT | -218,200 | | |
Int. Exp. | 78,200 | | |
Income Before Tax | -296,400 | | |
Income Taxes | -56,100 | | |
Net Income | -$240,300 | | |
ASSETS | | | |
Total Current Assets | 716,400 | 0.138902 | |
PP&E | 909,000 | | |
Goodwill | 6,127,000 | | 6,127,000 |
Total Assets | $7,752,400 | | |
LIABILITIES AND OWNERS EQUITY | | | |
Total Current Liabilities | 1,268,800 | 0.246006 | |
Long Term Debt | 734,900 | | |
Total Liabilities | $2,003,700 | | |
Owners Equity | | | |
Common Stock | 6,075,800 | | 6,075,800 |
Retained Earnings | -327,100 | | |
Total Stockholder Equity | 5,748,700 | | |
Total Liabilities and Owners Equity | 7,752,400 | | |
What are the additional funds needed in Year 3?