Construct the Projected Income statement of Pan D. Mic, Inc. for the calendar year 2021 based on the following assumptions (30 points):

- The sales projection is 25,550 units a year with a selling price per unit of P112.50. - Gross profit is projected to be 55% of sales while operating expenses represent 65% of gross profit. - Other income and expenses is calculated at 8,000.00 pesos and 9,850.00 pesos respectively. - Dividends to shareholders amounts to 43,550.00 pesos while Income tax rate is 30% - Discuss one recommendation implied by the bottom figure.