The Company reported the following income statement for 2020:

Assume that all depreciation and 75 percent of the firm's general, administrative, and selling expenses are fixed costs and that the remainder of the firm's operating expenses are variable costs. a. Determine Windy's fixed costs, variable costs, and variable cost ratio. b. Based on its 2020 sales, calculate the following for the firm: i. DOL ii. DFL iii. DTL c. Assume that next year's sales increase by 15 percent, that fixed operating and financial costs remain constant, and that the variable cost ratio and tax rate also remain constant. Use the leverage figures just calculated to forecast next year's EPS. d. Show the validity of this forecast by constructing the income statement for next year according to the revised format.