A&P is interested in predicting its income statement for the year 2021. The company estimates that its sales in 2021 will be $5500000. 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 1450000 Fixed cost 10000 540000 20000 34000 Gross profit Less: Operating expenses Selling expense (all variable) Utility expense (all variable) Depreciation expense (all variable) Operating profit wpesso interest expense toll fixed) Net profit before taxes 6000 480000 12000 468000 20000 34000 6000 480000 less. percing expenses Selling expense (all variable) Utility expense (all variable) Depreciation expense (all variable) Operating profit Less: Interest expense ( all fixed) Net profit before taxes Less: Taxes (10%) Net profit after taxes 12000 468000 46800 421200 A&P's Total cost of goods sold in 2021: A&P's Depreciation Expense in 2021: A&P's Total operating expenses in 2021 Windows Windows A&P's Net profit after taxes in 2021