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help Pro forma income statement. The marketing department of Metroline Manufacturing estimates that its sales in 2020 will be $1.64 million. Interest expense is expected
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Pro forma income statement. The marketing department of Metroline Manufacturing estimates that its sales in 2020 will be $1.64 million. Interest expense is expected to remain unchanged at $37,000. and the firm plans to pay $69,000 in cash dividends during 2020. Metroline Manufacturing's income statement for the year ended December 31, 2019, is given below, along with a breakdown of the firm's cost of goods sold and operating expenses into their foxed and variable components. B. Use fixed and variable cost data to develop a pro forma income statement for the fear ended December 31. 2020. Complete the pro forma income statement for the year ended December 31,2020 below. B. Use foced and variable cost data to develop a pro forma income statement for the year ended December 31,2020 , Complete the pro forma income statement for the year ended December 31, 2020 below. NOTE: Round percentages to two decimal places and the pro forma income statement amounts to the nearest dollar. [Choore] |choose| [Choore] [Choose] [Choose] [Choose] [Choose] [Choose ] [Choose] [Choose] [Choose] [Choose] [Choose]. [Choose] [Choose] \begin{tabular}{l} {[ Choose ] } \\ 608,584 \\ 212,000 \\ 836,589 \\ 269,624 \\ 44.2 \\ 486,374 \\ 142,829 \\ 179,750 \\ 200,624 \\ 50.0 \\ 27.8 \\ 69,000 \\ 425,482 \\ 449,374 \\ 5.2 \\ 6.4 \\ 1,405,000 \\ 1,640,000 \\ 37,000 \\ 750,201 \\ 85,210 \\ 819,416 \\ \hline \end{tabular} Step by Step Solution
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