BERNARDS BEER HAS SALES OF 2018 $95000, 2019 $109000 AND 2020 120000.COGS IS 66 PERCENT OF SALES EACH YEAR.EXPENSES ARE CONSTANT AT $10000 PER YEAR.TAX RATE IS 35 PERCENT FIRST TWO YEARS AND DROPS T0 21 PERCENT FOR 2020.SHOW ME THE INCOME STATEMENT FOR ALL THREE YEARS INCLUDING TAXES? PERFORM HORIZONTAL ANALYSIS FOR AFTER TAX PROFIT FOR ALL THREE YEARS.PERFORM VERTICAL ANALYSIS ON YEAR 2020 FOR BEFORE AN AFTER TAX PROFIT.

201820192020

SALES95000109000 120000

COGS

GM

EXP

PRE TAX INC

TAX

NET INCOME

EXPLAIN WHAT BERNARD COULD DO OR SHOW ME IF IN 2020 HE HAD A $11000 LOSS?

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