Question: A&P is interested in predicting its income statement for the year 2021. The company estimates that its sales in 2021 will be $5500000. Using the

A&P is interested in predicting its income statement for the year 2021. The company estimates that its sales in 2021 will be $5500000. 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 10000 540000 20000 34000 Foxed cost Gross profil Less: Operating expenses Selling expense (all variable) Utility expense (all variable) Depreciation expensefall variable) Operating profit Los: Interest expense (all foed) Net profit before tres Less: Toes (10%) Net profit after taxes 6000 480000 12000 468000 46800 21200 A&P's Total cost of goods sold in 2021: A&P's Depreciation Expense in 2021: A&P's Total operating expenses in 2021 A&P's Net profit after taxes in 2021
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