Question: ASP is interested in predicting income statement for the year 2021. The company estimates that its sales in 2021 will be $4500000. Using the fixed

 ASP is interested in predicting income statement for the year 2021.

ASP is interested in predicting income statement for the year 2021. The company estimates that its sales in 2021 will be $4500000. Using the fixed and variable con data, Pedre following ABP Company Income statement For the Year Ended December 31, 2020 Sales 2000000 Low Cost of goods sold Variable cost 1450000 Fixed cost 10000 Gross profil 540000 Less: Operating expenses Soling expense (al variable) 20000 Ulty expense all variable) 34000 Depreciation expense (all variable) Operating profit 430000 Less Interest expense fed 12000 Net profit before taxes 468000 Loss: Taxes (10%) 46800 Net profitator taxes 421200 6000 A&Ps Total cost of goods sold in 20213 A&Ps Depreciation Experte in 2021 ABPS Total operating expenses in 2021 ABP Not profit after tesis 20213

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