I need help with a-c

Complete this question by entering your answers in the tabs below. Required A. Required B Required C Prepare a pro forma income statement. What percentage increase in sales would enable the company to reac goal? (Round "Percentage increase" to 2 decimal places. (i.e., .2345 should be entered as 23.45).) FRANKLIN COMPANY Pro Forma Income Statement Sales revenue Cost of goods sold Gross profit Selling & administrative expenses Net income Percentage increase 0 $ 0 % Complete this question by entering your answers in the tabs below. Required A Required B Required C The market may become stagnant next year, and the company does not expect an increase in sales revenue. manager believes that an improved production procedure can cut cost of goods sold by 2 percent. Prepare a statement still assuming the President's goal to increase net income by 15 percent. Calculate the required rec & administrative expenses to achieve the budgeted net income. FRANKLIN COMPANY Pro Forma Income Statement Sales revenue Cost of goods sold Gross profit Selling & administrative expenses Net income Reduction in selling & administrative expenses 0 $ 0 Required A Required B Required The company decides to escalate its advertising campaign to boost consumer recognition, which will increase administrative expenses to $342,000. With the increased advertising, the company expects sales revenue to percent. Assume that cost of goods sold remains a constant proportion of sales. Prepare a pro forma income: the company reach its goal? FRANKLIN COMPANY Pro Forma Income Statement Sales revenue Cost of goods sold Gross profit Selling & administrative expenses Net income $ Will the company reach its goal? No 0 $ 0