Consider the following income statement.

Income Statement $-$ Seagate Technology

$($in millions$)7/1/2022$

Revenue $$11,661\mathrm{.}0$

Cost of revenue $8,192\mathrm{.}0$

Product development costs $941\mathrm{.}0$

Marketing & administrative expenses $559\mathrm{.}0$

Amortization of intangibles $11\mathrm{.}0$

Restructuring & other operating expenses, net $3\mathrm{.}0$

Income from operations $1,955\mathrm{.}0$

Interest income $($expense$)(247\mathrm{.}0)$

Other income $($expense$)(29\mathrm{.}0)$

Income before income taxes $1,679\mathrm{.}0$

Provision for $($benefit$)$ income taxes $30\mathrm{.}0$

Net income $$1,649\mathrm{.}0$ An analyst provides the following assumptions used to forecast earnings in year $2023.$ Assume $\text{'}$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.

a$.$ Calculate forecasted cost of revenue for $2023.$

b$.$ Calculate forecasted income from operations for $2023.$

c$.$ Calculate forecasted net income for $2023.$