The table below indicates historical information for a company's previous fiscal years. Using this data, calculate the totals for the 24-month projections. Explain how you were able to calculate appropriate assumptions with only the below information

	2021 Fiscal Year	2022 Fiscal Year	24-Month Projections
Sales	$ 76118	$80,187	$
Cost of goods sold	$ 37,108	$ 42,157	$
Gross profit	$ 39,144	$ 38,212	$
Selling expenses	$ 18948	$ 18,150	$
Administrative expenses	$ 21,024	$ 20,217	$
Total operating expense	$ 58,664	$ 62,378	$
Income from operations	$ 17,986	$ 17,813	$
Other income	$ 86	$ 570	$
Income before tax and interest	$ 17,615	$ 17,995	$
Other expense (interest)	$ (502)	$ (439)	$
Income before income tax	$17,615	$ 17,995	$
Income tax expense	$ 3,263	$ 3,202	$
Net income	$ 14,352	$ 14,793	$