do B

a. Use the percent-of-sales method to prepare a pro forma income statement for the year ended December 31,2020 . b. Use fixed and variable cost data to develop a pro forma income statement for the year ended December 31,2020. c. Compare and contrast the statements developed in parts a. and b. Which statement probably provides the better esthnate of 2020 Data table (For Income Staement, click on the icon here Q in order to copy the contents of the data table below into, a spreadsheet.) (For Breakdown of Costs and Expenses, click on the icon here in order to copy the contents of the data table below into a. spraadsheet.I Pro foema ineome statement. The marketing department of Metroline Manufocturing estimatos shat its sales in 2020 will be $1.67 million. Interest experse is expected io roman tinchanged at. along wet a breakdown of the frm's cost of goods soid and operaing expenses into their fixed and varatile eomponenti. of the frm's coet of goods sold and operating expenses into their foved and varabls componente? a. Use the percent-od-aales methed to prepare a pro forma incorte talament for the year ended December 31,2020. b. Use foed and variable cost data to develap a pro forma income statement for the year ended December 31,2020. e. Compare and contrast the statements developed in parts a. and b. Which statement proboby provides the better estimate of 2020 incorre? Explain wty