Radical Designs Inc. hopes to create a proforma income statement with select information gathered. Used the percent-of-sales method to prepare a 2019 pro forma income statement. Assumption(s) Sales are expected to rise from the 2018 level of The interest expense in 2019 is expected to drop to The firm plans to increase its cash dividend payments during 2019 to Tax Rate \$.... $ Radical Designs Inc. Income Statement For the year ended December 31, 2018 Sales Revenue Less: Cost of goods sold Gross profits Less: Operating expenses Operating profits Less: Interest expense Net profits before taxes Less: Taxes Net profits after taxes Less: Cash dividends To retained earnings IExcel solution method: create proforma income statement Radical Designs Inc. Income Statement For the year ended December 31, 2018 Sales Revenue Less: Cost of goods sold Gross profits Less: Operating expenses Operating profits Less: Interest expense Net profits before taxes Less: Taxes Net profits after taxes Less: Cash dividends To retained earnings \begin{tabular}{cr} $ & 3,500,000 \\ & 1,925,000 \\ \hline$ & 1,575,000.00 \\ & 420,000 \\ \hline$ & 1,155,000 \\ & 400,000 \\ \hline$ & 755,000 \\ & 302,000 \\ \hline$ & 453,000 \\ \hline \hline \end{tabular}