please follow directions and provide answer in excel sheet format!

Xi Gamma Company wishes to prepare a three-year projection of net income, using this information: The 2020 base year amounts are: Assumptions 1. Sales revenues increase by 6% in 2021,7% in 2022 , and 8% in 2023 . 2. Cost of sales increase by 5% each year. 3. Selling and administrative expenses increase only 1% in 2021 and will remain at the 2021 level thereafter. 4. Income tax rate =46% Information: Based on the information above, you will develop a spreadsheet for the income statement for the next three years