We$,$ PolarSkis Co$,,$ arecreat ing a new set of Awesome Skis. Information below.

Fbxed costs each year are $$4,400,000.$

We must purchase build ings and equipment of $$29,400,000$ in year $0,$ depreciated straight$-$line bver $7$ years to a $$0$ book value.

Tax rate is $21\%.$ The firm has no debt and therefore, no interest.

Part $1$: Build the incomestatement.

To help, fill in this chart so you have all info and can reference cells when building parts $1.$ Hardcoding numbers is not permitted beyond this purplechart $($eg$.$fixed costs in your income statement should be $"=017")$