The Afflection provides inghts into the forecasting process, but this equation assumes that of the firm's key to remain constant, which is not likely to hold true. Consecuently is set to forecast the firm's financial statements. The firm begins with forecasting Which the feed into the firm's balance sheet. Management looks at operating tation and their relationship with industry and benchmark werages. The forecasted income statement begins with the per year income statement and adjusted for the sales growth forecast. Some inputs for the income statement are not under the firm's control for comple, tax and interest rates. The forecasted balance sheet is calculated from settistot management has reviewed and changed based on industry and benchmark averages. Anticel spreadsheet is used for the analysis because changes assumptions, financing and rates can be made to the statements to review rative scenarios. The impact of these changes on the firm's forecasted financial statements were can be used to improve the firm's operations Quantitative Probleme At the end of last year, town Inc. reported the follow come sentimos oors) Sales 54,300.00 Operating costs doig depreciation 3,0.33.00 EBITDA $1,267.00 Depreciation 330.00 EBIT $937.00 Interest 10.00 LOT 572700 Tas (404) 3100 Netwo 4620 Long head to the following year, the comme crossed the formation Deprecated that . The taxes procedere On the other information who will the foreficenter on Form 10.550,000 hou 10.5 Envales de condottom On the basis of this information, what will be the forecast for Edwin's year and net income Enter your answers in million. For example, an answer of $10,550,000 should be entered as 10:55 Enter all values as positive numbers. Do not round intermediate calculation Round your answers to two decimal places On millions of dollars) Sales $ Operating costs excluding depreciation LISTA $ Depreciation ESIT $ Intern 5