Following is the income statement for NetFlix Inc. for the year ended December 31, 2011. Prepare forecasted income statements for the company for 2012 and 2013.

NETFLIX, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands)
Year ended December 31,	2011	2010	2009
Revenues	$3,204,577	$2,162,625	$1,670,269
Cost of revenues:
Subscription	1,789,596	1,154,109	909,461
Fulfillment expenses	250,305	203,246	169,810
Total cost of revenues	2,039,901	1,357,355	1,079,271
Gross profit	1,164,676	805,270	590,998
Operating expenses:
Marketing	402,638	293,839	237,744
Technology and development	259,033	163,329	114,542
General and administrative	117,937	64,461	46,773
Legal settlement	9,000	-	-
Total operating expenses	788,608	521,629	399,059
Operating income	376,068	283,641	191,939
Other income (expense):
Interest expense	(20,025)	(19,629)	(6,475)
Interest and other income	3,479	3,684	6,728
Income before income taxes	359,522	267,696	192,192
Provision for income taxes	133,396	106,843	76,332
Net income	$ 226,126	$160,853	$115,860

Use the following assumptions to develop the forecasted income statements:

Revenue growth	39.0%
Subscription costs to revenues	55.8%
Fulfillment expenses to revenues	7.8%
Marketing expense to revenues	12.6%
Technology and development to revenues	8.1%
General and administrative to revenues	3.7%
Legal settlement	$0
Interest expense	No change
Interest and other income	No change
Provision for income taxes to Income before income taxes	37.1%