Question: please solve it ASAP A&P is interested in predicting its income statement for the year 2021. The company estimates that its sales in 2021 will


please solve it ASAP
A&P is interested in predicting its income statement for the year 2021. The company estimates that its sales in 2021 will be $5000000. Using the fixed and variable cost data. Find the following: A&P Company Income statement For the Year Ended December 31, 2020 Seles 2000000 Less: Cost of goods sold Variable cost 1450000 Fixed cost 10000 Gross profit 540000 Less: Operating expenses 20000 Selling expense all variable Utility expense (all variable! 34000 Depreciation expensefall variable 6000 Operating profit 480000 12000 Les Interest expense ollfixed) Net profit before taxes 468000 Les axes 10% 26800 le 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 orofit after taxes in 2021
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