Ping Company's management estimates the following operating changes if Spalding Company is merged with Ping Company through a purchase: A. After the merger, the sales volume of Ping Company will be 20% in excess of the present combined sales volume, and the sale price per unit will be decreased by 10%. C. Selling expenses of Ping Company are expected to be 85% of the present combined selling expenses of the two companies. D. Other expenses of Ping Company are expected to increase by 85% as a result of the merger. Ping Company will accept the offer. Required: Prepare a pro forma (or projected) income statement for Ping Company for 2019 assuming the merger takes place, and indicate whether Ping Company should accept the offer