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Consider the following income statement. An analyst provides the following assumptions used to forecast earnings in year 2023. Assume 'no change' for accounts not listed.

image text in transcribedimage text in transcribed Consider the following income statement. An analyst provides the following assumptions used to forecast earnings in year 2023. Assume 'no change' for accounts not listed. Depreciation expense is included in marketing \& administrative expenses. Use the information above to prepare a forecasted income statement for fiscal year 2023. Then, answer the following questions

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