Question: The performance Lawn Equipment database contains data needed to develop a proforma income statement.Dealers selling PLE products all receive 18% of the sales revenue for

The performance Lawn Equipment database contains data needed to develop a proforma income statement.Dealers selling PLE products all receive 18% of the sales revenue for their part of doing business, and this accounted for as the selling expense. The tax rate is 50%. Develop an excel worksheet to extract and summarize the data needed to develop the income statement for 2014 and implement an excel model in the form of a proforma income statement for the company.

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