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Prepare the Pro Forma Income Statement with Vertical Analysis for XYZ Company for the Quarter Ended December 31, 2021. Use the following projected information: Sales-$211,219;

Prepare the Pro Forma Income Statement with Vertical Analysis for XYZ Company for the Quarter Ended December 31, 2021.

Use the following projected information:

Sales-$211,219; Cost of Goods Sold; $126,731, Salaries Expense-$31,683; Depreciation Expense-$6,000; Other Operating Expenses-$21,122

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XYZ Company
Pro Forma Income Statement
Quarter Ending December 31, 2021
Vertical Analysis
Sales
Cost of Goods Sold
Gross Profit
Operating Expenses:
Salaries Expense
Depreciation Expense
Other Operating Expenses
Total Operating Expenses
Net Income
\#1. Prepare the Pro Forma Income Statement with Vertical Analysis for XYZ Company for the Quarter Ended December 31, 2021. Use the follwing projected information: Sales-\$211,219; Cost of Goods Sold; $126,731, Salaries Expense-\$31,683; Depreciation Expense-\$6,000; Other Operating Expenses-\$21,122

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