\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{c} Fall 2023 Inc. \\ Projected Income Statement \\ For the Year Ended December 31, 2021 \end{tabular}} \\ \hline & \multicolumn{2}{|r|}{2021} \\ \hline Sales & $ & - \\ \hline Less: Variable Costs & & - \\ \hline Less: Fixed Costs & & 25,000 \\ \hline Earnings Before Interest and Taxes & & (25,000) \\ \hline Less: Interest Expense & & 1,700 \\ \hline \begin{tabular}{l} Earnings Before Taxes \\ Taxes \end{tabular} & & \begin{tabular}{r} (26,700) \\ (5,607.00) \\ \end{tabular} \\ \hline Net Income & & (21,093) \\ \hline Less: Preferred Dividends & & 1,250 \\ \hline Net Income Available to Common & & (22,343) \\ \hline Common Shares Outstanding & & 2,000 \\ \hline Earnings per Share & $ & (11.17) \\ \hline \multicolumn{3}{|c|}{ Assumptions } \\ \hline Price per pie & & \\ \hline Unit Sales & & \\ \hline \begin{tabular}{l} Variable Costs as a Percent of Sales \\ Tax Rate \end{tabular} & & \begin{tabular}{l} 70% \\ 21% \\ \end{tabular} \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{c} Fall 2023 Inc. \\ Projected Income Statement \\ For the Year Ended December 31, 2021 \end{tabular}} \\ \hline & \multicolumn{2}{|r|}{2021} \\ \hline Sales & $ & - \\ \hline Less: Variable Costs & & - \\ \hline Less: Fixed Costs & & 25,000 \\ \hline Earnings Before Interest and Taxes & & (25,000) \\ \hline Less: Interest Expense & & 1,700 \\ \hline \begin{tabular}{l} Earnings Before Taxes \\ Taxes \end{tabular} & & \begin{tabular}{r} (26,700) \\ (5,607.00) \\ \end{tabular} \\ \hline Net Income & & (21,093) \\ \hline Less: Preferred Dividends & & 1,250 \\ \hline Net Income Available to Common & & (22,343) \\ \hline Common Shares Outstanding & & 2,000 \\ \hline Earnings per Share & $ & (11.17) \\ \hline \multicolumn{3}{|c|}{ Assumptions } \\ \hline Price per pie & & \\ \hline Unit Sales & & \\ \hline \begin{tabular}{l} Variable Costs as a Percent of Sales \\ Tax Rate \end{tabular} & & \begin{tabular}{l} 70% \\ 21% \\ \end{tabular} \\ \hline \end{tabular}