develop the 2020 pro forma income statement

a.)cost of goods sold

b.) taxes

c.) operating expenses

d.) additions to retained earnings

2020 sales predictons are 60,000 and dividends 1200 will be paid to common stock holders. use percentage of sales methods ans assume interest expenses do not change

Income Statement Sales Cost of goods sold Gross profit Operating expenses Operating income Interest expenses Earnings before taxes Taxes (369) Net Income $52,300 36,500 $15,800 10,700 $5,100 1,230 $3,870 1,393 $2,477