You indicated in your assumptions that the company was founded prior to the first year that you asked us to model. In addition, you stated that you had a founders' round and some amount of cash in the bank at the beginning of the modeling period (and possibly some transactions in between). However, that series of transactions indicates that the company must have had a profit or a loss prior to the first year and that is what we are showing on the income statement. If that is not the case, you can correct it by either having the company start after the first model year starts, or: (a) show the cash balance at the beginning of the modeling period to be equal to the amount invested during the founders round plus any subsequent loans or investment rounds, and (b) remove any intervening transactions such as major purchases.

Related Questions:

How do I change the founding date?

How do I define a founders' round?

How do I indicate how much cash the company has at the beginning of the model?

How do I change major purchases?