The marketing department of Arab company estimates that its sales in 2013 will be $1.5 million. Interest expense is expected to remain unchanged at $35,000, The firm's income statement for the year ended December 31, 2012, is given below, along with a breakdown of the firm's cost of goods sold and operating expenses into their fixed and variable components. b. Use fixed and variable cost data to develop a pro forma income statement for the year ended December 31, 2013. 

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Proforma income statement Sales Revenue 1500000 Less COGS Fixed 210... View the full answer