INCOME COGS SUPERFARM PRO FORMA INCOME STATEMENT for the year ended 2020 to 2022 Mower Sales Tractor Sales Total Sales Mower COGS Tractor COGS Total COGS Gross Profit OPERATING EXPENSES Administrative Depreciation Interest Selling Expenses Total Operating Expenses NET INCOME BEFORE INCOME TAXES Income Tax Expenses (50%) NET INCOME Requirements: FY - 2020 $26,504,465.20 $32,140,393.08 $37,816,165.10 $225,090,305.07 $288,442,191.69 $369,393,513.46 251,594,770.27 320,582,584.78 407,209,678.56 9,812,196.04 3,270,732.01 251,594.77 45,287,058.65 58,621,581.47 8,799,482.45 10,670,610.50 12,554,966.81 122,899,306.57 157,489,436.66 201,688,858.35 131,698,789.02 168,160,047.17 214,243,825.16 119,895,981.26 152,422,537.61 61,274,399.78 FY - 2021 30,637,199.89 30,637,199.89 12,502,720.81 4,167,573.60 320,582.58 57,704,865.26 74,695,742.25 77,726,795.36 FY - 2022 38,863,397.68 38,863,397.68 192,965,853.40 15,881,177.46 5,293,725.82 407,209.68 73,297,742.14 94,879,855.10 98,085,998.29 49,042,999.15 49,042,999.15 Analyze the income statements and point out 5 points that the company can follow to improve the net margin