Pro forma income statements. Green Planet, a restaurant supply company has the following income statement accounts for 2013: Revenue $12,409,000 Fixed Costs $1,940,500 Interest Expense $825.800 Sales Returns $184.710 SG & A Costs $1.474.400 COGS $5,572,100 Depreciation $838,840 Construct the income statement for 2013 with a tax rate of 39%. Then construct pro forma income statements for the years 2014 2015 and 2016 if the company expects projected sales to rise annually at 3.5% and all the accounts have the same percentage of sales as in 2013. Redo the pro forma statements for 2014, 2015, and 2016 if fixed costs are truly fixed and remain at $1.940,500, but all other accounts listed will be at the same percentage of sales for the next three years as in 2013. Find the growth in net income each year. Construct the income statement for 2013 with a tax rate of 39%. Complete the income statement for 2013 below. (Round to the nearest dollar.) Income Statement Revenue 2013 12,409,000 Returns S 184,710 S 12,224,290 Net Revenue Costs COGS S 5,572,100 1.940.500 Fixed Costs s SG and A Costs S 1,474,400 838,840 S Depreciation EBIT S Interest Expense S 2,398,450 825,800 1,572,650 Taxable income S Taxes S 613,334 959,316 Net Income S Construct pro forma income statements for the years 2014, 2015, and 2016 if the company expects projected sales to rise annually at 3.5% and all the accounts have the same percentage of sales as in 2013. (NOTE calculate the percentage of sales to five decimal places and use it to calculate the amounts that cannot be obtained otherwise, e.g., do not use it to calculate taxes. Complete the projected income statements for 2014, 2015 and 2016 below. (Round to the nearest dollar.) Enter any number in the edit fields and then click Check Answer Construct pro forma income statements for the years 2014, 2015, and 2016 if the company expects projected sales to rise annually at 3.5% and all the accounts have the same percentage of sales as in 2013. (NOTE: calculate the percentage of sales to five decimal places and use it to calculate the amounts that cannot be obtained otherwise, eg. do not use it to calculate taxes.) Complete the projected income statements for 2014, 2015 and 2016 below. (Round to the nearest dollar) Income Statement 2014 2015 2016 $ Revenue Returns Net Revenue Costs s S S 5 COGS Fixed Costs SG and A Costs Depreciation EBIT Interest Expense Taxable income Taxes s S $ Net Income Growth in Net Income