Build a pro forma Income Statement, began with sales the sale for 2005 is 74,572

Under the assumption that Ideko's market share will increase by0.65percent per year, you project the following investment and depreciation

Fixed Assets and Capital Investment ($ 000)
	2005	2006	2007	2008	2009	2010
New Investment	5,150	5,150	5,150	5,150	5,150	19,350
Depreciation	(5,590)	(5,546)	(5,506)	(5,471)	(5,439)	(6,830)

Using this information and the information here (IMPORTANT:

Please click on theicon to import the table into a spreadsheet and use all the values as rounded on the spreadsheet. DO NOT recalculate the forecasted values.), project net income through 2010 (that is, reproduce Table 19.7under the new assumptions). Assume the corporate tax rate is.35%. Ideko's income statement for 2005 is shown here

	Growth	2005	2006	2007	2008	2009	2010
Sales Data
Market Size (000 units)	5.00%	9800	10290	10805	11345	11912	12508
Market Share	0.65%	10.10%	10.75%	11.40%	12.05%	12.70%	13.35%
Average Sales Price ($/unit)	1.90%	75.34	76.77	78.23	79.72	81.23	82.77
Cost of Goods Data
Raw Materials ($/unit)	1.15%	16.35	16.54	16.73	16.92	17.12	17.31
Direct Labor Costs ($/unit)	3.85%	18.09	18.79	19.51	20.26	21.04	21.85
Operating Expense Data
Sales and Marketing (% sales)		15.13	16.78	18.43	20.08	20.73	20.73
Administrative (% sales)		18.12	15.12	15.12	14.12	13.12	13.12
Interest on Term Loan ($ 000)		(78)	(6,716)	(6,716)	(6,716)	(6,716)	(6,716)