Given the following 2019 income statement and predictions for 2020, answer the following questions: Sales $ 10,000 COGS $ 4,500 Gross profit $ 5,500 Fixed $ 1,500 expenses Operating income $ 4,000 Tax rate 30% $ 1,200 Net income $ 2,800 Predicted 2020 sales increase: 20% Predicted 2020 fixed expense increase: 6% 1. Calculate the predicted 2020 net income (6 pts) 2. Based on the pro forma prediction, what is the % change in net income from 2019 to 2020? (2 pts) Your