Prepare a common size income statement given the following information:

Revenues $=$$$100,000$

COGS$=$$$43,000$

$S\frac{G}{\text{\&}}A=$$$22,000$

Depreciation $=$$$10,000$

Interest Owed $=$$$5,000$

Tax Rate $=40\%$

Problem #$2$: Proforma Statements Prepare a pro forma income statement from the data and

common size income statement from #$1,$ assuming that the sales will grow by $5\%$ and all expenses but

interest and taxes will scale with sales.