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1 Use the fixed and variable method to prepare a pro forma income statement for the year ended December 31, 2021, for Tesla, Inc. Tesla,
1 Use the fixed and variable method to prepare a pro forma income statement for the year ended December 31, 2021, for Tesla, Inc. Tesla, Inc. estimates that its sales in 2021 will be 300000. The firm plans to pay cash dividends of 8000 during 2021. Tesla, Inc.'s income statement for the year ended December 31, 2020 is shown below: Income statement Tesla, Inc. For the year ended December 31,2020 Sales Revenue $200000 Less: Cost of Goods $50000 sold fixed $50000 variable Gross profits $100000 Less: Operating 5000 expenses fixed 5000 variable laneratina nrofits l&annnn 83% 3 11:54 AM Gross profits $100000 1 5000 Less: Operating expenses fixed 5000 variable Operating profits $90000 Less: Interest 110000 expense Profit before tax $80000 Less: Taxes (40%) 32000 Net profit after taxes $48000 Less: Cash 8000 dividends To retained earnings $40000 What is the company's cost of goods sold in the year 2021? What is the company's gross profit in the year 2021
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