Projecting Income Statement Important: Round all numbers to dollar Project Net sales (use ratio a) Project Gross Profit (use your answer in 1 and ratio b) Project COGS (use your answers in 1 and 2) Project SG&A expenses (use your answer in 1 and ratio c) Project Depreciation expense (use year 2 gross PPE and ratio d) Project Interest expense (use year 2 long-term debt and ratio e) 1. Enter vour answer 2. Enter vour answer 3. Enter vour answer 4. Enter vour answer 5. Enter vour answer 6 *Note that the company reported an "interest expense in year 2 Calculate "Income before income tax" (Using answers from above) Project "Income tax expense" (using ratio f) Calculate "Net income" (Based on answers from above) Enter vour answer 7 Enter vour answer 8 Enter vour answer 9 Enter vour