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2:58 itc.birzeit.edu = 3 6 Time left 1:31:0- A&P is interested in predicting its income statement for the year 2021. The company estimates that its sales in 2021 will be $3000000. Using the fixed and variable cost data, Find the following: A&P Company Income statement For the Year Ended December 31, 2020 Sales 2000000 Less: Cost of goods sold Nariable cost 1450000 Fixed cost 10000 Gross profit 540000 Less: Operating expenses Selling expense (all variable) 20000 Utility expense (all variable) 34000 2:58 Aitc.birzeit.edu 3 5 Fixed cost Time left 1:31:0 10000 Gross profit 540000 Less: Operating expenses Selling expense (all variable) 20000 Utility expense (all variable) 34000 Depreciation expense(all variable) 6000 Operating profit 480000 Less: Interest expense (all fixed) 12000 Net profit before taxes 468000 Less: Taxes (10%) 46800 Net profit after taxes 421200 A&P's Total Cost Orgoods sold in 2024. 2:59 itc.birzeit.edu E 35 \/Lu 468000 Time left 1:31:0 Less: Taxes (10%) 46800 Net profit after taxes 421200 A&P's Total cost of goods sold in 2021: A&P's Depreciation Expense in 2021: A&P's Total operating expenses in 2021 A&P's Net profit after taxes in 2021: Question 13 Not yet answered Marked out of 4.00