(B) Prepare a pro-forma Income statement for 2021 showing Revenue through Net Income show dollar & % change columns for the year (The pro-forma should prove the DOL formula).

Mask No More, Inc. has seen a great explosion in product demand after a feature on 60 Minutes. Company data reveals the following: 2019 2020 $ 5,550,000 $ 7,215,000 Revenue Variable Cost $ 2,497,500 $3,246,750 Contribution Margin $3,052,500 $ 3,968, 250 Fixed Costs $ 2,500,000 $ 2,500,000 EIBIT $ 552,500 $ 1,468,250 Interest @ 5% $ 100,000 $100,000 EBT $ 452,500 $ 1,368,250 Taxes @ 20% $ 90,500 $ 273,650 Net Income $ 362,000 $ 1,094,600