Pro Martin Shoes, which operates one store in Guelph, Ontario, is forecasting next year's income state- ment results based on a preliminary 10% increase in sales. 2009 2010 Sales $ 300,000 Variable costs 200,000 Fixed costs 65,000 Net income $ 35,000 Chapter 3 Financial Planning and Pro Forma Financial Statements equired: (a) Complete the 2010 pro forma income statement using the 10% sales increase figure. (b) Explain whether the store owner should be satisfied about next year's forecast for his store given that several Canadian bank economists are forecasting a recession that will include a 5% contrac- tion in the economy in 2010