Proforma income statement the marketing department of Metro Mancing at that can 2020 wib 51.57 milion recent pels expected to remain unchanged at $100 the form plan to pay 3.000 in canh den during 2020 Motole Mouching income statement for the your ended December 21, 2017 save on with a town Daw cost at good at genes feed and component U promebod to prepare a preforma e statement for the year ended December 2020 1. Use and variable cost data to develop prema come statement for the year ended Dec 31, 2020 c. Compare and contact the statements developed in parts and which probably dose en este 2020 Expany Use the percent method to prepare a proforma constatement for the year ended December 312020 Complete the pro forma come statement for the past osat December 31, 2020 below Thind the garcentage of cables to four ordina persons and the pen tema come statement areas the cases de Pro Fomin State Metroline Manufacturing, toe for the Year Coded Dec. 2020 percentagem 130000 La Coc 0000 3 10000 LO TI Sales Proforma income statement The marketing department of Metroline Manufacturing estimates that is sales in 2020 will be 51 57 million Interest expense is e 569,000 in cash dividends during 2020. Metroline Manufacturing's income statement for the year ended December 31, 2019, is given along with a breakdow fixed and variable components a. Use the percent-of-sales method to prepare a pro forma income statement for the year ended December 31, 2020 b. Use fixed and variable cost data to develop a pro forma income statement for the year ended December 31, 2020 c. Compare and contrast the statements developed in parts a. and b. Which statement probably provides the better estimate of 2020 income? Explain why > 13 Less: Cost of goods sold 900000 6475 % Gross profits $ 490000 Less: Operating expenses 119000 Operating profits $ 371000 Less: Interest expense 31000 Net profits before taxes 340000 Less Taxes 136000 Net profits after taxes 204000 Less: Cash dividends 65000 139000 To retained earning 9 S $ S Proforma income statement the marketing department of Metro Mancing at that can 2020 wib 51.57 milion recent pels expected to remain unchanged at $100 the form plan to pay 3.000 in canh den during 2020 Motole Mouching income statement for the your ended December 21, 2017 save on with a town Daw cost at good at genes feed and component U promebod to prepare a preforma e statement for the year ended December 2020 1. Use and variable cost data to develop prema come statement for the year ended Dec 31, 2020 c. Compare and contact the statements developed in parts and which probably dose en este 2020 Expany Use the percent method to prepare a proforma constatement for the year ended December 312020 Complete the pro forma come statement for the past osat December 31, 2020 below Thind the garcentage of cables to four ordina persons and the pen tema come statement areas the cases de Pro Fomin State Metroline Manufacturing, toe for the Year Coded Dec. 2020 percentagem 130000 La Coc 0000 3 10000 LO TI Sales Proforma income statement The marketing department of Metroline Manufacturing estimates that is sales in 2020 will be 51 57 million Interest expense is e 569,000 in cash dividends during 2020. Metroline Manufacturing's income statement for the year ended December 31, 2019, is given along with a breakdow fixed and variable components a. Use the percent-of-sales method to prepare a pro forma income statement for the year ended December 31, 2020 b. Use fixed and variable cost data to develop a pro forma income statement for the year ended December 31, 2020 c. Compare and contrast the statements developed in parts a. and b. Which statement probably provides the better estimate of 2020 income? Explain why > 13 Less: Cost of goods sold 900000 6475 % Gross profits $ 490000 Less: Operating expenses 119000 Operating profits $ 371000 Less: Interest expense 31000 Net profits before taxes 340000 Less Taxes 136000 Net profits after taxes 204000 Less: Cash dividends 65000 139000 To retained earning 9 S $ S
