Remaining Time: 2 hours, 38 minutes, 29 seconds. Question Completion Status: 16 2 36 59 62 7 8 9 109 110 12 13 14 155 165 175 185 195 205 210 You have the following information from 2020 and are looking to forecast 2021. In 2021 you expect sales to be equal to $11 million. Using the "Percent-of-Sales" model, what amount of earnings are taxable in 2021, assuming no increases in debt? Account 2020 Information Costs (excluding Depreciation) 7496 of Sales Depreciation 696 of Sales Cost of Debt 796 Debt $20 million Taxes 1.596 of Sales Tax rate 2596 Click Save and Submit to save and submit Click Save 41 answers to save all answers. Save ji a hp 10 & 5 7 8 O tep.edu/webapps/assessment/take/launch.jsp?course_assessment_id=230412_1&course_id=_1321 Maps My Account Login | Wiley Efficie... WileyPLUS Link & Learn - Home Link Remaining Time: 2 hours, 38 minutes, 17 seconds. A Question Completion Status: 2 55 60 Z 8 100 110 12 13 14 150 160 DeprecaLIOTT 1040 UT SITES Cost of Debt 796 Debt $20 million Taxes 1.596 of Sales Tax rate 2596 O $1.1 million O $800,000 O $700.000 $600,000 QUESTION 2 Click Save and Submit to save and submit. Click Save All Answers to save all answers. a hp