A company's current income statement is provided below. The company expects sales to increase to $452,000 next year. Based on the percent of sales method, what are the company's pro forma? 

A.) Cost of goods?

B.) Gross profit for next year?

 

Income Statement Sales Cost of goods sold Gross profit Operating expenses Operating income Interest expenses Earnings before taxes Taxes (24%) Net Income $435,600 234,500 $201,100 147,800 $53,300 14,500 $38,800 9,312 $29,488