Prepare a forecasted income statement in the provided Excel file for Year $12$ using the following assumptions $($$ millions$)$ and copy$/$paste each assumption next to the applicable calculation in Excel:

Revenues are forecasted to equal $$6,000.$

Cost of sales forecast uses the average percent relation between cost of sales and sales for the three$-$year period ending Dec $31,$ Year $11.$

Selling, general, and administrative expenses are expected to increase by the same percent increase occurring from Year $10$ to Year $11.$

Other expenses are predicted to be $8\%$ higher than in Year $11.$

A $$2$ million loss $($net of taxes$)$ is expected from disposal of net assets from discontinued operations.

Interest expense, net of interest capitalized and interest income, is expected to increase by $6\%$ due to increased financial needs.

The effective tax rate is equal to that of Year $11.$

Note: Upload the Excel template provided in the link above with your work on it$.$ Do$$not$$hard$-$code.