Forecasting an Income Statement ADP reports the following income statement

Forecasting an Income Statement XDP reports the following income statement. AUTOMATIC DATA PROCESSING INC. Statement of Consolidated Earnings For Year Ended June 30, 2019, S millions Total revenues Operating expenses Systems development and programming costs Depreciation and amortization Total cost of revenues Selling, general, and administrative expenses Interest expense Total expenses Other (income) expense, net Earnings before income taxes Provision for income taxes Net earnings $13,041.0 585.0 304.4 7,463.4 2,819.0 120.0 IOA02.4 (102.0) 2,740.6 656.0 $2,084.6 :orecast ADP's 2020 income statement assuming the following income statement relations. All percentages (other than total revenue growth and provision for income taxes) are based on historic percent of total revenues. Dollar figures are in millions Assumptions Total revenues growth Depreciation and amortization Interest expense 13.00% $460.5 No change Other (income) expense, net No change Income tax rate 25.00% Note: Complete the entire question in Excel using the following template: Excel Template. Format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places. AUTOMATIC DATA PROCESSING INC. Statement of Consolidated Earnings For Year Ended June 30, 2020. $ millions Total revenues Operating expenses Systems development and programming costs Depreciation and amortization Total cost of revenues Selling, general, and administrative expenses Interest expense Total expenses Other (income) expense, net Earnings before income taxes Provision for income taxes