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Below are the same records of the HTM Corp (imaginary). According to the given information, please answer the following questions. If the Income Statement structure
Below are the same records of the HTM Corp (imaginary). According to the given information, please answer the following questions. If the Income Statement structure is broken on your screen, adjust the size of the window of your screen; or use zoom in/out function until it shows correctly. Income Statement HTM Corp. Dec. 31, 2XX1 2xx2 Sales $1.200.000 $1,500,000 Cost of Sales $ 360.000 $ 480,000 Gross Profit $ 840,000 $1.020.000 Payroll Expenses $ 300,000 $ 360,000 Gen, & Admin. Exp. $ 144,000 $ 180,000 Other Expenses $ 120,000 $ 180,000 EBT $ 276.000 $_300.000 Income Taxes $ ??????? $ ??????? Net Incom $ 165,600 $ 180,000 This company plans on increasing the sales of the 2XX3 at the same growth rate of 2XX2 (from 2XX1). Its goal of operating efficiency is to keep its ROS at 10%. If these goals (sales growth and ROS) are achieved as planned, what is the amount of the Net Income of the 2XX3? If necessary, round your answer to the nearest dollar. Do not put "$" or ","in your answer. Just provide the number with the first decimal point. For example, put 12345 if your answer is $1,2345.49
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