Use the following tabs to develop the plan amounts for each account except
Other Income and Tax Expense. Make 2 comments below regarding Other
Income and Tax Expense.
		Income Statement for the year ended December 31
(000s)			Actual Results				Plan
		2021		2022		2023		2024
Sales Revenue	$ 5,000		$ 5,224		$ 5,318		$ -	Use the Sales tab to build your Sales Revenue plan amount
Cost of Goods Sold	3,300		3,300		3,390		-	Use the Sales tab to build your Cost of Goods Sold plan amount
	Gross Profit	1,700		1,924		1,928		-
Selling and Administrative	1,250		1,329		1,381		-	Use the Expense tab to build your expense amount
Other Operating Expense	180		176		172		-	Use the Expense tab to build your expense amount
	Operating Income	270		419		375		-
Other Income	20		30		40			Input plan number and note assumption below in comments section
Income Before Taxes	290		449		415		-
Tax Expense	58		90		83			Input plan number and note assumption below in comments section
Net Income	$ 232		$ 359		$ 332		$ -
At least 2 comments to support plan assumptions of Other Income and Tax Expense:

Use the information below to make product decisions for 2023 and build the sales plan
Calculate ratios to support the plan revenue and cost of sales amounts
		2021		2022		2023		2024
Product A
Unit Sales	100		104		125				Input
Price Per Unit	$ 20.00		$ 21.00		$ 19.50				Input
Sales Revenue	$ 2,000		$ 2,184		$ 2,438		$ -		Calculated
Cost of Goods Sold	$ 1,500		$ 1,600		$ 1,840				Input
Gross Profit	$ 500		$ 584		$ 598		$ -		Calculated
Product B
Unit Sales	200		190		160				Input
Price Per Unit	$ 15.00		$ 16.00		$ 18.00				Input
Sales Revenue	$ 3,000		$ 3,040		$ 2,880		$ -		Calculated
Cost of Goods Sold	$ 1,800		$ 1,700		$ 1,550				Input
Gross Profit	$ 1,200		$ 1,340		$ 1,330		$ -		Calculated
Total
Sales Revenue	$ 5,000		$ 5,224		$ 5,318		$ -
Cost of Sales	3,300		3,300		3,390		-
Gross Profit	1,700		1,924		1,928		-
At least 4 comments to support plan assumptions:

Help fill in the 2024 plan. This is an estimate.