A&P is interested in predicting its income statement for the year 2021 The company estimates that its sales in 2021 will be $4600000. Using the fixed and variable cost data, Find the following A&P Company Income statement For the Year Ended December 31, 2020 Sales 2000000 Less: Cost of goods sold Variable cost 1450000 Fixed cost 10000 Gross profit 540000 Less: Operating expenses Selling expense (all variable) 20000 Utility expense (all variable) 34000 Depreciation expense all variable) 6000 Operating profit 480000 Less. Interest expense (all foed) 12000 Net profit before taxes 468000 Less: Taxes (10%) 46800 Net profit after taxes 421200 ABP's Total cost of goods sold in 2021: A&P's Depreciation Expense in 2021: A&Ps Total operating expenses in 2021 A&P's Net profit after taxes in 2021