Company XYZ has shown you their Income Statement and asked you to build a ProForma Income Statement for next year for them. Their estimated sales growth is 1 1 .70% and their estimated tax rate is 23.70%. Your answers should be given to two decimal places. Common Size Income Statement Income Statement for Company XYZ, Inc. ProForma Column Total Revenue $425,000.00 Cost of Goods Sold $250,000.00 Gross Profit $175,000.00 Operating Expenses Salaries $82,000.00 30,000.00 Utilities $6,550.00 Depreciation $25,500.00 Utilities $6,550.00 Depreciation $25,500.00 Total Operating Expenses $144,050.00 Operating Profit (EBIT) $30,950.00 Interest Expense $24,000.00 Earnings Before Taxes (EBT) $6,950.00 Taxes $1,647.15 Net Income $5,302.85 100 I don't know 2 attempts