=+A projected income statement for the new product line is as follows:

New Product Line Projected Income Statement For the Year Ended December 31, 2010 Sales . . . . . . . . . . . . . . . . . . . . $9,000,000 Cost of goods sold . . . . . . . . . . 5,200,000 __________ Gross profit . . . . . . . . . . . . . . . . $3,800,000 Operating expenses . . . . . . . . . . 2,450,000 __________ Income from operations . . . . . . . $1,350,000 __________ __________