Question: Please answer ASAP, equations please. based off 2020 + team work Tommy's Box Cars - Large Pro Forma Income Statement For the Fiscal Year Ended

Please answer ASAP, equations please. based off 2020 + team work

Tommy's Box Cars - Large
Pro Forma Income Statement
For the Fiscal Year Ended June 30, 2021
Item Amount
Sales
Cost of goods sold
Gross margin
Selling & administrative expenses
Net operating income
Interest expense
Net income
Tommy's Box Cars - Large
Pro Forma Balance Sheet
As of June 30, 2021 AND June 30, 2020
Assets June 30, 2021 June 30, 2020
Cash $1,450,000
Accounts receivable $3,900,000
Direct materials inventory $200,000
Finished Goods inventory (box cars) $-
Plant and equipment $8,900,000
Total assets $14,450,000
Liabilities and Stockholders' Equity June 30, 2021 June 30, 2020 -
Accounts payable $450,000
Notes payable - equipment $-
Letter of Credit outstanding $-
Capital stock $3,500,000
Retained Earnings $10,500,000
Total liabilities and stockholders equity $14,450,000
ACCOUNTING EQUATION OUT OF BALANCE $0 $0

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