assets. 6. Using data from CABS, create pro forma income statements for 2017. CABS expects sales to increase by 5% (worst case), 10% (most likely) or 15% (best case). Using the percent of sales method (and assuming that only COGS and SG&A increase), create new balance sheets for the best, worst, and most likely cases. TABLE 4.9 CABS Income Statement (Thousands of Dollars) 2016 1,680.0 910.4 769.6 Sales COGS Gross profits (EBITDA) Less: Operating expenses SG&A Depreciation Total operating expenses EBITDA Depreciation and amortization EBIT 389.0 79.0 468.0 301.6 79.0 222.6 25.0 197.6 Interest expense EBT Taxes (40%) Net income 79.0 $ $ 118.6