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An analyst provides the following assumptions used to forecast earnings in year 2020 . Assume 'no change' for accounts not listed. Depreciation expense is included

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An analyst provides the following assumptions used to forecast earnings in year 2020 . Assume 'no change' for accounts not listed. Depreciation expense is included in marketing \& administrative expenses. Use the information above to prepare a forecasted income statement for fiscal year 2020 . Then, answer the following questions. Calculate forecasted cost of revenue for 2020. Calculate forecasted income from operations for 2020. Calculate forecasted net income for 2020

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