5) Create a Pro Forma Income Statement given the following information: Sales of your company are $475,000; COGS is $115,000; rent is $900 a month; utilities averaged $600 a month; insurance expense $3600; equipment expense $8000; interest was $7500. Based on the economic projections you believe your sales will increase by 15%. The landlord sent you a letter that rent was increasing by 10%. Based on experience you plan for utilities to increase by 5% per year. Insurance, interest and equipment are not expected to change. Construct an income statement for the current year and a pro forma income statement for next year. By what percent did your net income change