11) You have just completed the first year of operation for your business and have the following information: sales, $200,000; cost of goods, \$140,000; rent, \$18,000; utilities, \$8,400; insurance, $2,000; equipment, $3,500; and interest, \$10,000. Your forecast indicates that your sales will increase by 20 percent. Your rental agreement provides for a 3 percent increase per year. You read an article indicating that utility costs in your area will increase by 10 percent next year. You just received a notice from your insurance company stating your quarterly premium is increasing to $600 beginning the first quarter of next year. Your equipment expense will not change, but the amortization schedule on your current loan indicates that interest expense for next year should be $9,000. - Using this data, construct an actual income statement for this year and a pro forma income statement for next year. - By what percentage did your net income change