Question: Use the fixed and variable method to prepare a pro form income statement for the year ended December 31 , 2021 , for Tesla ,
Use the fixed and variable method to prepare a pro form income statement for the year ended December 31 , 2021 , for Tesla , Inc. Tesla Estimates that its sales in 2021 will be 500,000. The firm plans to pay cash dividends of 7000 during 2021. Tesla , Inc.'s income statement for the year ended December 2020 statement is shown below : Income Tesla , Inc. For the year ended December 31 , 2020 Sales Revenue $ 200,000 Less : Cost of Goods sold $ 50000 fixed $ 50000 Ivariable Gross profits $ 100,000 Less : Operating expenses 5000 fixed 5000 variable Operating profits $ 90000 Less : Interest expense | 10000 Profit before tax $ 80000 Less : Taxes ( 40% ) 32000 Not nrofit oftar tavan donnn Net profit after taxes $48000 Less: Cash dividends 8000 To retained earnings $40,000 What is the company's cost of goods sold in the year 2021? What is the company's gross profit in the year 2021 ? What are the company's operating expenses in the year 2021 ? What is the company's operating profit in the year 2021? What is the company's net income in the year 2021 ? How much goes to the company's retained earnings ?
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