Pues cl we Assignments with the logo in the margin are available in one See the Preface of the book for details, MINI EXERCISES M11-11. Forecast an Income Statement ADP reports the following income statement. LO2 AUTOMATIC DATA PROCESSING TA IBC AUTOMATIC DATA PROCESSING INC. Statement of Consolidated Earnings For Year Ended June 30, 2019, S millions Total revenues Operating expenses Systems development and programming costs Depreciation and amortization Total cost of revenues.. Selling, general, and administrative expenses Interest expense. Total expenses Other (income) expense, net Eamings before income taxes Provision for income taxes Net earnings $14,175.2 7.145.9 6363 304.4 8,086.6 3,0642 129.9 11,280.7 (111,1) 3,005.6 712.8 $ 2.292.8 Forecast ADP's 2020 income statement assuming the following income statement relations. All percent- ages (other than total revenue growth and provision for income taxes) are based on historic percent of total revenues. Total revenues growth 13% Depreciation and amortization $460.5 million Interest expense... No change Other (income) expense, net No change Income tax rate. 25% @