Question: The first step in creating the pro forma income statement is to: Select one: a.create a sales forecast. maybe b.determine a reasonable salary and return

The first step in creating the pro forma income statement is to:

Select one:

a.create a sales forecast. maybe

b.determine a reasonable salary and return on investment in the company.

c.find published figures on the specific type of business in order to forecast sales.

d.figure out operating costs and make a realistic sales estimate.

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