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Hello, I'm in need of help. I'm not sure if I completed this proforma Income Statement correctly. I am increasing, in 2019 by 10% for

Hello, I'm in need of help. I'm not sure if I completed this proforma Income Statement correctly. I am increasing, in 2019 by 10% for 2020. I just don't think I am grasping what I should be doing. Thank you for your help.image text in transcribed

110 2020 $1,493,580,000,000 $1,011,670,000,000 $481,910,000,000 Kellogg Company Pro Forma Income Statement for 2019 and 2020 Estimates (@10%) 2019 Total Revenue 13.578 13,578,000,000 Cost of Revenue -9.197 -9,197,000,000 110 Gross Profit 4.381 4,381,000,000 Operating Income/Expenses Selling, General and Administrative Expenses -$2.98 -2,980,000,000 110 Total Operating Profit/Loss 1.401 1,401,000,000 Total Net Finance Income/Expense -2.84 -2,840,000,000 110 Other Income/Expense, Non-Operating 1.88 1,880,000,000 110 Non-Operating Income/Expenses, Total -0.96 -960,000,000 Pretax Income 1.305 1,305,000,000 Provision for Income Tax -0.321 -321,000,000 0.3 Earnings from Equity Interest, Post-Tax -0.007 -7,000,000 110 Net Income from Continuing Operations 0.977 977,000,000 110 Net Income after Extraordinary Items and Discontinued Operations 0.977 977,000,000 110 Non-Controlling/Minority Interests -0.017 -17,000,000 110 Net Income after Non-Controlling/Minority Interests 0.96 96,000,000 110 Net Income Available to Common Stockholders 0.96 96,000,000 110 Diluted Net Income Available to Common Stockholders 0.96 96,000,000 110 110 $327,800,000,000 $154,110,000,000 $312,400,000,000 $206,800,000,000 -$105,600,000,000 $143,550,000,000 $96,300,000 $770,000,000 $107,470,000,000 $107,470,000,000 $1,870,000,000 $10,560,000,000 $10,560,000,000 $10,560,000,000 110 2020 $1,493,580,000,000 $1,011,670,000,000 $481,910,000,000 Kellogg Company Pro Forma Income Statement for 2019 and 2020 Estimates (@10%) 2019 Total Revenue 13.578 13,578,000,000 Cost of Revenue -9.197 -9,197,000,000 110 Gross Profit 4.381 4,381,000,000 Operating Income/Expenses Selling, General and Administrative Expenses -$2.98 -2,980,000,000 110 Total Operating Profit/Loss 1.401 1,401,000,000 Total Net Finance Income/Expense -2.84 -2,840,000,000 110 Other Income/Expense, Non-Operating 1.88 1,880,000,000 110 Non-Operating Income/Expenses, Total -0.96 -960,000,000 Pretax Income 1.305 1,305,000,000 Provision for Income Tax -0.321 -321,000,000 0.3 Earnings from Equity Interest, Post-Tax -0.007 -7,000,000 110 Net Income from Continuing Operations 0.977 977,000,000 110 Net Income after Extraordinary Items and Discontinued Operations 0.977 977,000,000 110 Non-Controlling/Minority Interests -0.017 -17,000,000 110 Net Income after Non-Controlling/Minority Interests 0.96 96,000,000 110 Net Income Available to Common Stockholders 0.96 96,000,000 110 Diluted Net Income Available to Common Stockholders 0.96 96,000,000 110 110 $327,800,000,000 $154,110,000,000 $312,400,000,000 $206,800,000,000 -$105,600,000,000 $143,550,000,000 $96,300,000 $770,000,000 $107,470,000,000 $107,470,000,000 $1,870,000,000 $10,560,000,000 $10,560,000,000 $10,560,000,000

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