This quiz: 11 point(s) possible Quiz: Ch 4 Quiz Question 9 of 11 > This question: 1 point(s) possible Submit Rimier Corp. forecasts sales of $648,000 for next year. Assume the firm has fixed costs of $250,000 and variable costs amounting to 38% of sales. Operating expenses include fixed costs of $29,000 and a variable portion equal to 6.7% nterest expenses for the coming year are $20,000. Estimate next year's net profits before taxes. Compute the estimated net profits before taxes below: (Round to the nearest dollar.) Rimier Corp Pro Forma Income Statement next year Sales revenue 648,000 Less: Cost of goods sold Fixed cost 250,000 Variable cost 246,240 Gross profits S Less: Operating expenses Fixed Expense Variable expenses Operating profits Less: Interest expense (all fixed) Net profits before taxes Time Remaining: 01:17:57 Next MacBook Air