Question: Can you help me solve this question: Using Microsoft Excel to create a pro-forma income statement based on the following assumptions. Sales for the first

Can you help me solve this question: Using Microsoft Excel to create a pro-forma income statement based on the following assumptions.

Sales for the first month: $60,000
Cost of sales = 42% of sales, all variable
Operating expenses = $10,000 fixed plus 5% of sales
Tax rate 30%
Sales increase by 5% each month

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