Income statement for 2016 Sales and depreciation are expected to increase by 40% in 2017, while costs (excluding depreciation) are expected to reach 45% of sales. Interest expenses, the average tax rate and the dividend payout ratio are expected to stay constant. Attempt 1/3 for 10pts. Prepare a pro forma income statement for 2017. What is the expected net income? Attempt 1/3 for 10 pts. What are the expected dividends for 2017