Intro Income statement for 2021 Line item Amount ($) Sales 460,000 - COGS 184,000 = Gross profit 276,000 - SG&A 92,000 - Depreciation 46,000 = Operating profit 138,000 - Interest 25,000 = Taxable income 113,000 - Taxes (28%) 31,640 = Net income 81,360 Sales are expected to increase to $552,000 in 2022, while interest expenses and the average tax rate are expected to stay constant. Part 1 BAttempt 2/10 for 10 pts. Prepare a pro forma income statement for 2022 using the percent-of-sales method. What is the expected net income? 0+ decimals