Question: i need help creating this pro forma income statement. there is three parts. (a.) Use the percent-of-sales method to prepare a pro forma income statement




a. Use the percent-of-sules method to penpare a pro foema income statesnent fipt the year ended December 31.7020 statoment anounts to the nearest idollar) Sales Less Cost of goods sold Gross profits Less: Operating expenses Operating profits Less: Interest oxpense Net profits before taxes Less Taxus Net profits after taxes Less: Cash dividends To retained earnings s 1,680,000 5 5. 37000 5. s 69,000 5 a spreadsheet) of the firm's cost of goods sold and operating expenses into their thed and variable components b. Use flced and varlable cost data to develop a pro forma hoche stateinent for neot yeas
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