Forecast an Income Statement Seagate Technology reports the following income statement for fiscal 2019. 18 SEGATE TECHNOLOGY PLC Consolidated Statement of Income For Year Ended June 28, 2019, $ millions Revenue $8,312 Cost of revenue 5,966 Product development 793 Marketing and administrative 362 Amortization of intangibles Restructuring and other, net (18) Total operating expenses 7,121 Income from operations 1,191 Interest income Interest expense (179) Other, net 20 Other expense, net (92) Income before income taxes 1,099 (Benefit) provision for income taxes (512) Net income $1,611 67 Forecast Seagate's 2020 income statement assuming the following income statement relations ($ millions). 5% Revenue growth Cost of revenue 71.8% of revenue Product development 9.5% of revenue Marketing and administrative 4.4% of revenue Amortization of intangibles No change Restructuring and other, net $0 Interest income No change Interest expense No change Other, net No change Income tax rate 21% Note: Round your answers below to the nearest whole dollar. SEAGATE TECHNOLOGY PLC Forecasted Income Statement For Year Ended $ millions June 2020 Revenue Cost of revenue Product development Marketing and administrative Amortization of intangibles Restructuring and other, net Total operating expenses Income from operations Interest income Interest expense Other, net Other expense, net Income before income taxes (Benefit) provision for income taxes Net income $