Use the fixed and variable method to prepare a pro forma income statement for the year ended December 31, 2021, for Google, Inc.

Google, Inc. estimates that its sales in 2021 will be 4000000 . The firm plans to pay cash dividends of 80000 during 2021. Google, Inc.'s income statement for the year ended December 31, 2020 is shown below:

Income statement

Google, Inc.

For the year ended December 31,2020

Sales Revenue

$5000000

Less: Cost of Goods sold fixed

variable

$1000000

$2000000

Gross profits

$2000000

Less: Operating expenses fixed

variable

150000

100000

Operating profits

$1750000

Less: Interest expense

100000

Profit before tax

$1650000

Less: Taxes (40%)

660000

Net profit after taxes

$990000

Less: Cash dividends

120000

To retained earnings

$870000

What is the company's cost of goods sold in the year 2021?

Answer for part 1

What is the company's gross profit in the year 2021?

Answer for part 2

What are the company's operating expenses in the year 2021?

Answer for part 3

What is the company's operating profit in the year 2021?Answer for part 4

What is the company's net income in the year 2021?

Answer for part 5