Hurry, please, I am in an exam

1. Assume the sales for 2021 increase by 15%. Centerfield Sporting Goods Pro Forma Income Statement for the period ending December 31, 2020 520,000 170,000 Sales Cost of Sales Materials (leather, plastic) Labor Total Cost of Sales 250,000 420,000 Gross Profit 100,000 Operating Expenses Office salaries Depreciation Insurance Home office lease Marketing, advertising Repair and maintenance 40,000 20,000 12,000 10,000 4,000 4,000 Total Operating Expenses 90,000 Net Income 10,000