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 600000 The firm plans to pay cash dividends of 9000 during 2021 . Tesla , Inc.'s income statement for the year ended December 31 , 2020 is shown below :

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QUES Not yet answered Use the fixed and variable method to prepare a pro forma income statement for the year ended December 31, 2021, for Tesla, Inc. Marked out of 3.00 P Flag question Tesla, Inc. estimates that its sales in 2021 will be 600000 The firm plans to pay cash dividends of 9000 during 2021. Tesla, Inc.'s income statement for the year ended December 31, 2020 is shown below: Income statement Tesla, Inc. For the year ended December 31, 2020 Sales Revenue $200000 Less: Cost of Goods sold fixed $50000 $50000 variable Gross profits $100000 5000 Less: Operating expenses fixed 5000 variable Operating profits 1990000 Lessi interest expense 10000 Profit before tax $80000 Less Taxes 4096) 32000 Net profit after taxes $48000 8000 Less: cash bividends To retired earnings $40000