4. Glencoe Corp. is a small manufacturer of polymers used in specialized manufacturing applications. Glencoes first quarter income statement includes the following information:

Glencoe Corporation First Quarter Income Statement

Sales $1,238,400

Cost of Goods Sold $598,590

Gross Margin $639,810

Expenses Marketing expenses $211,730

Other General and Administrative Expenses $329,400 Total

Expenses $541,130 Profit (Loss) $98,680

Glencoe is planning a promotional campaign in the second quarter to increases sales (marketing expenditures will return to first quarter spending after the second quarter). This campaign will result in an increase in marketing expenses of 10%. They do not expect any sales increase until the third quarter, at which time they expect a sales increase of about 10%. Develop pro forma income statements for Glencoe for the second and third quarters reflecting the impact of this promotional campaign. Remember to include other areas of the income statement this campaign will impact