6. Projected financial statements and basic analysis You are the most creative analyst for Black Sheep Broadcasting Company, and your admirers want to see you work your analytical magic once more. 2016 Actual2017 Initial Results Forecast Cost of goods sold Earnings per share Taxes (15,200) (16,720) $70 (935) (418) 1,402 $4,180 $2.717 (1,045) S2,337 (380) (380) $1,254 $3,800 $2,470 (950) Net income Gross proft Eamings before interest and taxes Fixed operating costs except depreciation Eamings before taxes Interest Number of common shares (millions) Addition to retained earnings Common dividends Net sales Dividends per share (380) 20.0 (677) $19,000 534 5725 (677) $20,900 $34 Which of the following are assumptions made by the nitial income statement forecast? Check all that apply