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Consider the following income statement. Please use excel and not chatgpt, it does not work for these. Income Statement - Seagate Technology ( in millions

Consider the following income statement. Please use excel and not chatgpt, it does not work for these.
Income Statement - Seagate Technology
(in millions)7/1/2022
Revenue $11,661.0
Cost of revenue 8,192.0
Product development costs 941.0
Marketing & administrative expenses 559.0
Amortization of intangibles 11.0
Restructuring & other operating expenses, net 3.0
Income from operations 1,955.0
Interest income (expense)(247.0)
Other income (expense)(29.0)
Income before income taxes 1,679.0
Provision for (benefit) income taxes 30.0
Net income $1,649.0
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.
Assumptions used to forecast income statement in fiscal year 2023
(dollar amounts in millions)
Revenue change (%)-1.8%
Cost of revenue, as a % of revenue 75.2%
Product development costs, as a % of revenue 11.0%
Marketing and administrative expenses, as a % of revenue 7.2%
Restructuring & other operating expenses $0.0
Provision for income taxes, as a % of pre-tax income 22.0%
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.
[ Select ]
b. Calculate forecasted income from operations for 2023.
[ Select ]
c. Calculate forecasted net income for 2023.
[ Select ]

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