Pro forma income statement The marketng department of Metroline Manufacturing estimates that its sales in 2020 wal be $1.69 milion. Interest expense is expected to reriain unchanged at $33,000, and the firm plans to pay $70,000 in cash dividends during 2020. Metroline Manufacturing's income statement for the year ended December 31, 2019, is given of the firmis cost of goods sold and operating expenses into their fored and variable components. a. Use the porcent-of-sales method to propare a pro forma income statement for the year ended December 31,2020 , b. Use fixed and varlable cost data to develop a pro forma income statament for the year ended December 31,2020 . c. Compare and contrast the statements developed in parts a. and b. Which statement probably providos tho better estimate of 2020 inceme? Explain why. a. Use the percent-af-saies method to prepare a pro forma income statement for the year ended December 31,2020. Complete the pro forma income statement for the year ended December 31,2020 below: (Round the percontage of sales to four deomal places and the pro forma income statement anounts to thy nearest dollar) Pro forma income statement The marketng department of Metroline Manufacturing estimates that its sales in 2020 wal be $1.69 milion. Interest expense is expected to reriain unchanged at $33,000, and the firm plans to pay $70,000 in cash dividends during 2020. Metroline Manufacturing's income statement for the year ended December 31, 2019, is given of the firmis cost of goods sold and operating expenses into their fored and variable components. a. Use the porcent-of-sales method to propare a pro forma income statement for the year ended December 31,2020 , b. Use fixed and varlable cost data to develop a pro forma income statament for the year ended December 31,2020 . c. Compare and contrast the statements developed in parts a. and b. Which statement probably providos tho better estimate of 2020 inceme? Explain why. a. Use the percent-af-saies method to prepare a pro forma income statement for the year ended December 31,2020. Complete the pro forma income statement for the year ended December 31,2020 below: (Round the percontage of sales to four deomal places and the pro forma income statement anounts to thy nearest dollar)