ofmeans todeide Marked out of 3.00 Question 1 Not complete Forecast an Income Statement Seagate Technology reports the following income statement for fiscal 2019. SEGATE TECHNOLOGY PLC Consolidated Statement of Income For Year Ended June 28, 2019, $ millions $18,702 Revenue 13,424 Cost of revenue 1784 Product development Marketing and administrative 815 Amortization of intangibles 41 Restructuring and other, net 40 Total operating expenses 16,024 Income from operations 2,678 Interest income 151 Interest expense (403) Other, net 45 Other expense, net (207) Income before income taxes 2,471 (Benefit) provision for income taxes (1,152) Net income $3,623 Forecast Seagate's 2020 income statement assuming the following income sta Revenue growth 5% 18702X5 Cost of revenue 71.8% of revenue Product development 9.5% of revenue Marketing and administrative 4.4% of revenue ROU= 71.8% 10 Amortization of intangibles No change Restructuring and other, net $0 market adm= 2,40% interest income No change interest expense Amort = nochange No change Other, net No change Income tax rate Inam taxs = 2,47 21% Note: Round your answers below to the nezForecast Seagate's 2020 income statement assuming the following income statement relat Revenue growth 5% 18702x 890- Cost of revenue 71.8% of revenue Product development 9.5% of revenue Marketing and administrative 4.4% of revenue ROU= 71.8% (of re Amortization of intangibles No change Restructuring and other, net $0 market adm= 4.4% ofr interest income No change Amort = nochange interest expense No change Other, net No change Inam Taxs = 2,471 (X Income tax rate 21% Note: Round your answers below to the nearest whole dollar. SEAGATE TECHNOLOGY PLC Tcometaxes ? Forecasted Income Statement - 152 x For Year Ended $millions June 2020 Revenue $ 9687 Cost of revenue Product development Marketing and administrative Amortization of intangibles Restructuring and other, net Total operating expenses Income from operations Interest income Interest expense C403 Other, net ( 201 ) Other expense, net Income before income taxes (Benefit) provision for income taxes Net income $