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Forecasting an Income Statement ADP reports the following income statement. AUTOMATIC DATA PROCESSING INC. Statement of Consolidated Earnings For Year Ended June 30, 2020, $

image text in transcribedimage text in transcribed Forecasting an Income Statement ADP reports the following income statement. AUTOMATIC DATA PROCESSING INC. Statement of Consolidated Earnings For Year Ended June 30, 2020, \$ millions \begin{tabular}{|l|l|} \hline Total revenues \\ \hline Operating expenses \\ \hline Systems development and programming costs & \\ \hline Depreciation and amortization & \\ \hline Total cost of revenues \\ \hline Selling, general, and administrative expenses & \\ \hline Interest expense \\ \hline Total expenses & \\ \hline Other (income) expense, net \\ \hline Earnings before income taxes \\ \hline Provision for income taxes \\ \hline Net earnings \\ \hline \end{tabular}

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