Prepare forecasted income statements for the company for 2017 (11 points) NETFLIX, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands) Year ended December 31, 2016 2015 2014 Sales $ 8,830,669 $ 6,779,511 $ 5,504,656 Cost of sales 6,029,901 4,591,476 3,752,760 991,078 Marketing Technology and development 824,092 607,186 852,098 650,788 472,321 General and administrative 577.799 407,329 269,741 Operating income 379,793 305,826 402,648 Other Income (expense): Interest expense (150,114) (132,716) (50,219) Interest and other income(expense) 30,828 (31,225) (3,060) Income before income taxes 260,507 141,885 349,369 Provision for income taxes 73,829 19,244 82,570 $ 186,678 Net income $ 266,799 $ 122,641 Forecast the income statement assuming the following income statement relations. All percentages (other than as growth and provision for income tax are based on percent of forecasted net sales 68.3% Sales growth.. Cost of sales Marketing Technology and development.. General and administrative... Interest expense... Interest and other income... Provision for income taxes... No change No change 34.3% Copy and paste the table below into the answer box and type your answers in the column NETFLIX, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands) Year ended December 31, 2017 Cost of sales Marketing Technology and development General and administrative Operating income Other income expenses Interest expense Interest and other income/expense) Income before income taxes Provision for Income taxe Net Income