Sales ABC Corporation Income Stateme For the Year ended Dec. 31, 2020 Cast of goods sold 50,000 Gross profit 30,000 Cash operating expenses 9,000 Depreciation 3,000 Tetal operating expenses 12.000 Earnings before interest and ass 18.0001 Interest expe 720 Farmings before N 5.356.8 119252 Cal Stone I Accroceable Imory Fixed an Titl Accouple Ardabil Bonds payable Common stack Ty Additional Information Balance Sheet Dec. 31.2020 2. Cost of prods sold are considered to be variable 9,000 5,000 12,000 10.000 24,000 0.000 1000 3,000 12,000 22.000 15,000 10.000 3.55,000 the cash operating expes for 2000 arded variable costs and the remainder are find 4. Depreciation is of cocidered to be fined 5. Cable, inventories as payable, and red payables to be 7.55.000 of bendable at the end of 2000 are considered "es" and will be repaid January 1, 2001. The interest rate on the bonds for 2021 wide as it was 2100 The company will purchase of $3,000 2001, but all depreciation for 2021 will the same della mount The femid of $4,000 in 2020, and will 2020 dividend 201 10. The income rate for 2021 expected to be the same as it in 2020 Required: A. Pure the 2021 p-forma income statement for ABC Corporation B. Prepare the 2021 pro-forma balance sheet for ABC Corporation Your answers to this open-ended assignment should be placed in the space below this line. A Sales Cest of goods sold ABC Creati Proforma Income Statement For the Year ended Dec. 31, 2021