Chapter 11 Part 1: The Performance Lawn Equipment database contains data needed to develop a pro forma income statement. Dealers selling PLE products all receive 13% of sales revenue for their part of doing business, and this is accounted for as the selling expense. The tax rate is 50%. Wilma-worksheet Conduct an analysis to extract and summarize the data needed to develop the income statement for 2014 and implement enEaeeel a model in the form of a pro forma income statement for the company. Part 2: The CFO of Performance Lawn Equipment, J. Kenneth Valentine, would like to have a model to predict the net income for the next 3 years. To do this, you need to determine how the variables in the proforma income statement will likely change in the future. Using the calculations and worksheet analysis that you developed, along with other historical data in the database, estimate the annual rate of change in sales revenue, cost of goods sold, operating