The spreadsheet screen in Exhibit 7-5, is your income statement. Suppose you are developing your financial plan for the coming year. Revenues should increase by \(8 \%\) and expenses by \(6 \%\). Write the formulas in cells \(\mathrm{C} 2\) through (4 to compute expected revenues, expenses, and net income for the coming year.

Exhibit 7-5

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Formula for B4:= 82-83 Column: A Row: Income Statement: B C Revenues 150,000 Expenses 90,000 Net Income 0.000 Cursor is on cell B4.