The financial statements for DTS$,$ Den Store Taber, Use them to answer the following questions regarding the Percent of Sales Model.

The marketing team has big plans; in fact they$$ve just made a presentation involving a sales increase of $40\%$ relative to the $2022$ sales year. Assume that interest on all debt is uniformly $14\%,$ and that Den Store is now considered to be a large corporation $($which does not qualify for small business tax breaks$)$ and pays taxes at a $28\%$ combined federal and provincial rate.

$1.$ Regarding Revenues.... What will projected revenues be$?$

Provide the Profit and loss statement, show all explanation and calculation.