Use the fixed and variable method to prepare a pro forma income statement for the year ended December 31, 2021, for Tesla, Inc. Tesla, Inc. estimates that its sales in 2021 will be 500000. The firm plans to pay cash dividends of 7000 during 2021. Tesla, Inc.'s income statement for the year ended December 31, 2020 is shown below: Derzeit.edu/mod/quiz/attempt.phpre Income statement Tesla, Inc. For the year ended December 31,2020 Sales Revenue $200000 Less: Cost of Goods sold $50000 fixed |$50000 variable $100000 Gross profits Less: Operating expenses fixed 5000 5000 variable Operating profits $90000 Less: Interest expense 10000 Profit before tax $80000 32000 Less: Taxes (40%) Net profit after taxes Less: Cash dividends $48000 8000 To retained earnings $40000 here to search