7. For 2017, Echo Training Associates is projecting a 10% increase in revenue, a 15% increase in other operating expenses, an 8% increase in cost of services, and $500 of additional depreciation. Using the data from the 2016 profit and loss statement, prepare a projected 2017 profit and loss statement. Show long description 8. Using the results of problem 7, prepare a projected 2018 profit and loss statement for Echo Training Associates assuming a 30% decrease in revenue and a 20% decrease in cost of services and other operating expenses