A&P is interested in predicting its income statement for the year 2021. The company estimates that its sales in 2021 will be $5000000. Using the fixed and variable cost data, Find the following: A&P Company Income statement For the Year Ended December 31, 2020 Sales 2000000 Less: Cost of goods sold Nariable cost 11450000 Fixed cost 10000 Gross profit 540000 Less: Operating expenses Selling expense (all variable) 20000 Utility expense (all variable) 34000 Depreciation expense(all variable) 6000 Operating profit 480000 Less: Interest expense ( all fixed) 12000 Net profit before taxes Anonnn