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develop a 24-month pro forma that demonstrates the potential profitability of the new product or service in an income statement. My product is a Smart

develop a 24-month pro forma that demonstrates the potential profitability of the new product or service in an income statement. My product is a Smart app that will be created and launched to make Walmart customers lives easier, less frustration, have the best prices, and easily navigate throught the store.

for ex: i assumed a 30% increase in sales because mobile apps are known to increase sales. each assumtion should have a reasoning

image text in transcribedplease fill out the chart. and end up with a higher net income
\begin{tabular}{|l|l|l|} \hline & \begin{tabular}{l} Previous Fiscal Year \\ (in millions) \end{tabular} & 24-Month Projections \\ \hline Sales & $567,762 & S \\ \hline Cost of goods sold & $429,000 & S \\ \hline Gross profit & $138,762 & $ \\ \hline Selling expenses & $117,812 & $ \\ \hline Administrative expenses & $5,410 & $ \\ \hline Total operating expense & $123,222 & $ \\ \hline Income from operations & $15,540 & $ \\ \hline Other income & $5,150 & $ \\ \hline Income before tax and interest & $20,690 & $ \\ \hline Other expense (interest) & $1,994 & $ \\ \hline Income before income tax & $18,696 & $ \\ \hline Income tax expense & $4,756 & $ \\ \hline Net income & $13,940 & $ \\ \hline \end{tabular}

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