Prepare a projected income statement

Apply current acceptable financing percentages afforded to Harley Davidson according to the Standard and Poors or Moodys rating. Rating is 32.96+0.16 (+0.49%)

As of 02:53PM EDT. Market open.

Use the nonrecurring events row to adjust for divesting a division or any other extraneous events in order for your firms Form 10K revenues, cost of goods sold, operating expenses, and net income to match perfectly with the template statement. If having an issue with EBIT perfectly matching the Form 10K, simply subtract EBIT from Gross Profit on the Form 10K and enter this number for Operating Expenses. This procedure will ensure your template EBIT matches the EBIT from your firms Form 10K because sometimes the Operating Expenses line is difficult to transfer over perfectly; it is okay if your template Operating Expenses do not perfectly match the Form 10K as long as EBIT does. Net income is automatically calculated from your other income statement forecasts, so the net income row is not forecasted. Retained Earnings (RE) Row. The RE row on the template projected balance sheets is automatically calculated because the RE row is determined by carrying over the net income less dividends annually from the income statement to the RE row near the bottom of the balance sheet.

Projected Income Statement	12/31/2020	12/31/2021	12/31/2022
Revenues	$4,054,377	$5,336,308
Cost of Goods Sold	$2,682,192	$3,436,231
Gross Profit
Operating Expenses	$1,232,497	$1,073,223
EBIT
Interest Expense	$31,121	$30,972
EBT
Tax	-$17,028	$169,213
Non-Recurring Events
Net Income