Based on the income statements created in Questions $1,$ create a

forecasted income statement on the worksheet $"$Q$2\_$Pro$-$forma IS$"$ for

Assume that:

Each income statement item remains in the same proportion as in

The forecasted sales for $2022$ are $$9,000,000.$

Fixed expenses and interest expense will not change for $2022.$

Changes in depreciation expenses are proportional to changes in

sales for $2022.$

The tax rate and the number of shares outstanding for $2022$ are

the same as those in $2021.$