Question: Part 1: The Performance Lawn Equipment database contains data needed to develop a pro forma income statement. Dealers selling PLE products all receive 18% of

Part 1: The Performance Lawn Equipment database contains data needed to develop a pro forma income statement. Dealers selling PLE products all receive 18% of sales revenue for their part of doing business, and this is accounted for as the selling expense. The tax rate is 50%. Develop an Excel worksheet to extract and summarize the data needed to develop the income statement for 2014 and implement an Excel model in the form of a pro forma income statement for the company.

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