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Rimier Corp forecasts sales of $652,000 for 2020. Assume the firm has fixed costs of $246,000 and variable costs amounting to 32% of sales,

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Rimier Corp forecasts sales of $652,000 for 2020. Assume the firm has fixed costs of $246,000 and variable costs amounting to 32% of sales, Operating expenses are estimated to include fixed costs of $32,000 and a variable portion equal to 7.3% of sales, Interest expenses for the coming year are estimated to be $20,000. Estimate Rimier's net profits before taxes for 2020. Compute the estimated net profits before taxes below: (Round to the nearest dollar) Rimier Corp Pro Forma Income Statement 2020 Sales revenue Less: Cost of goods sold Fixed cost Variable cost Gross profits Less: Operating expenses Fixed Expense Variable expenses Operating profes Less: Interest expense (all fixed) Net profits before taxes $ D $ Chock-answer

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