SECTION A You are the Financial Director of A Hotel According to malpractice, you will be awarded special bonus if the net income powth could be maintained at 20 in each year In the middle of 2020, a competitor entered and affected the business seriously Based on the following financial statements actual of 2020 and fiecast of 1). anwer questions to in this section (Show your working clearly and runt the figures to one decimal place) A Hold Income Staments in dollars For the Year Ended 31 Dec 2020 a Saks 1.300,00 930,000 Cost of goods sold 699.000 564,000 Gross prodit 35.000 366,00 Operating Expenses Salaries and Wales 10,000 ISO De 5.000 S. Ram 93,000 000 Insurance 22.000 24,000 Miscellan 20,000 14.400 Untites 34.000 354,000 325.00 Operating income 271.000 40.000 Interest Expense 13200 100 Income here incones 25700 29. Income 14 Net income 202.200 12.30 AM Babs Sex dolls AMDS A Candle Accorsiahle 2002 202.al 120.000 240.000 190.000 S. 220.00 2000 55 S10 Furniture Total assets Labtes Account payable Lorem bankan Tewbie Slanholder ty Comores 30 par Purple of Retained Total hardesty Totallaties and started equity 140.000 H. 250.000 120 960 SLOM 27.000 0.00 2000 355.000 5. 330020 55 2 BEST 1. Why is income statement important to shareholdetu? 14 mars 2. At the Financial Director of A Now, how will the projected net income in year 2021 affa you? (4 mars Calculate the changes of both the projected sales and set income of 2001 as compared the act of 2020 Analyze the results of question $ Bed on the analyse, Ware there any held on the churcholdene 2 mars