Part 2 Steven Black and Christopher Green are seeking funds to support the programmed growth of their deluxe Hot Dog menu-restricted restaurant. First year (2019) Sales were $705,000. Sales are projected to increase to $1,320,000 in 2020. The business operating financial model indicates that each hot dog meal will sell for $3; and the variable cost of producing the meal (CGS) will be $1.50. The company needed $400,000 in assets to support its 2019 operations and expects to need $100,000 MORE (a total of $ 500,000) to support projected 2020 Sales. 2019 2020 (projected) Sales $ 705,000 COGS (Meals x CGS) 352,500 Gross Profit 352,500 Fixed Operating Costs (ignore taxes) 200,000 Net Profit $152,500 Prepare (fill in) the 2020 projected Income Statement above. $