Question: 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

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. Please show your work so I can understand it.

Revenues = $100,000

COGS = $43,000

SG&A = $22,000

Depreciation = $10,000

Interest Owed = $5,000

Tax Rate = 40%

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