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Pro forma Income Statement Sunny Side, Inc. is planning for the next year. Using the most recent income statement for 2018 given below, and the

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Pro forma Income Statement Sunny Side, Inc. is planning for the next year. Using the most recent income statement for 2018 given below, and the additional information provided, prepare the company's 2019 pro forma income statement to calculate the projected Addition to Retained Earnings. Round your sales growth rate to two decimal places. Round all other answers to the nearest dollar (whole number without decimals). Determine the projected 2019 Addition to Retained Earnings and provide the answer in whole dollars (no decimal places). Important Information: Sales are projected to be $2,818 in 2019. a. b. Depreciation expense for 2019 will be $60. Interest expense will be $96 in 2019. c. d. The dividend paid in 2019 will be $60. No new stock will be issued in 2019. e. Sunny Side, Inc. Income Statement Focus ited States) expense will be $96 in 2019. d. The dividend paid in 2019 will be $60. e. No new stock will be issued in 2019. Sunny Side, Inc. Income Statement For the Year Ended December 31, 2018 [in thousands] Sales Revenue $2,450 Less: CGS 1,380 Gross Profit 1,070 Operating Expenses 658 Depreciation 48 Operating Profit (EBIT) 364 Less: Interest Expense 92 Net Profit Before Taxes (EBT) 272 Less: Taxes (40%) 109 Net Profit After Taxes (NI) 163 Less: Dividends 50 Addition To Retained Earnings $113 States

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