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Tag corporation has predicted a 14% increase in total revenue next year. income statement for Tag for current year is Total Revenue. $71,879 Cost of
Tag corporation has predicted a 14% increase in total revenue next year. income statement for Tag for current year is
Total Revenue. $71,879 Cost of Revenue. $51,125
Gross Profit $20,754
operating Expenses:
selling, General,and Administrative $14,248
Research and Development. $
special income/0ther Charges. $2,194
Total operating Expenses: $16,442
Operating income. $ 4,312
Net Interest Income. $ 666
pre -Tax income. $3,646
Provision for income Tax (19.5%)( $711)
Net income $2,935
what is the income statement for next year at 14 percent forecast.
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