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Problem 6-3 (similar to) Please use the following projections for Top-A1 Inc.: Total sales of $154,000 Cost of goods sold equal to 77.9 percent of

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Problem 6-3 (similar to) Please use the following projections for Top-A1 Inc.: Total sales of $154,000 Cost of goods sold equal to 77.9 percent of sales Total expenses equal to 14.7 percent of sales Tax rate of 35 percent Beginning equity of $50,400 Beginning inventory of $12,400 Age of ending inventory of 60 days Minimum cash balance of $9,600 Accounts receivable of 30 days Fixed assets of $56,500 Accounts payable of 34 days Create an entire pro-forma income statement for Top-A1. Be sure to calculate the projected net earnings. . Complete proforma income statement for Top-A1 below: (Round to the nearest dollar.) Top-A1 Inc. Pro-Forma Income Statement Sales 154000 Cost of goods sold Gross profit Total operating expenses Earnings before tax (EBT) Taxes Net earnings $

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