btierty discuss how the financial manager can use the data in parts and plan for financing needs P4-15 Pro forma income statement Bells Manufacturing estimates that the 2016 financial year will be $2.25 million. No new borrowing was obtai sales for the ned and, neefore, the interest expense remained unchanged at $24,500. Bells Manufacturing is planning on paying cash dividends of $85,000 during 2016. Refer to the financial data in the table while answering the following Compile the pro forma income statement for the year ended December 31, 2016, a. b. Compile the pro forma income statement for the year ended December 31,2016, c. As the financial manager, which of the two pro forma statements would you re- using the percentage-of-sales method. using the fixed and variable cost data. gard as more accurate? Explain