1) (10 points) The company you work for has asked you to develop a projected income statement for next year. They have given you the following data. Income tax rate is 28%. Projected Sales information for the 5 parts sold this year Part number Projected 2021 Projected Sales sales (units) Price ($/unit) DE 443 FE876 WE298 FP006 RF129 20000 10000 5000 15000 30000 15 28 60 30 5 Projected Raw Material Costs per unit ($/unit) 5 12 40 10 2 Projected Variable Labor costs ($/unit) 3 2 5 5 1 Fixed costs Insurance: $2000/month Non-Direct Labor salary $500,000/year (cost to the company) Rent: $2500/month Other operating costs $40000/year 1) (10 points) The company you work for has asked you to develop a projected income statement for next year. They have given you the following data. Income tax rate is 28%. Projected Sales information for the 5 parts sold this year Part number Projected 2021 Projected Sales sales (units) Price ($/unit) DE 443 FE876 WE298 FP006 RF129 20000 10000 5000 15000 30000 15 28 60 30 5 Projected Raw Material Costs per unit ($/unit) 5 12 40 10 2 Projected Variable Labor costs ($/unit) 3 2 5 5 1 Fixed costs Insurance: $2000/month Non-Direct Labor salary $500,000/year (cost to the company) Rent: $2500/month Other operating costs $40000/year