Question: develop a 24-month pro forma that demonstrates the potential profitability of the new product or service in an income statement. My product is a Smart

develop a 24-month pro forma that demonstrates the potential profitability of the new product or service in an income statement. My product is a Smart app that will be created and launched to make Walmart customers lives easier, less frustration, have the best prices, and easily navigate throught the store.

PLEASE FILL OUT THE CHART, PLEASE HAVE A REASONING, AND END UP WITH A POSITIVE NET INCOME. for ex: i assumed a 30% increase in sales because mobile apps are known to increase sales. each assumtion is purely speculative but should have a reasoning.

Previous Fiscal Year (in millions) 24-Month Projections Sales $567,762 $ Cost of

Previous Fiscal Year (in millions) 24-Month Projections Sales $567,762 $ Cost of goods sold $429,000 $ Gross profit $138,762 $ Selling expenses $117,812 $ Administrative expenses $5,410 $ Total operating expense $123,222 $ Income from operations $15,540 $ Other income $5,150 $ Income before tax and interest $20,690 $ Other expense (interest) $1,994 $ Income before income tax $18,696 $ Income tax expense $4,756 $ Net income $13,940 $

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