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(Time allowance: 20 minutes) The following information is being used to forecast income statement and cash flows for the years 2021 to 2025 for Rforu

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(Time allowance: 20 minutes) The following information is being used to forecast income statement and cash flows for the years 2021 to 2025 for Rforu Inc. 69 396 Discount role 1096 Tax rate 2096 Estimated Sales in 2022 $10,000 2020 2021 2022 2023 2024 2025 Sales growth 696 1096 596 Erosion as of sales 396 3% 396 396 Cash as % of sales 596 496 894 596 Accounts Receivables a % of sales 10% 1496 119 8% 896 Inventories a % of sales 2096 25% 1594 1896 109 Current liabilities as % of sales 596 10% 696 596 596 Fixed part of Cont of Goods Sold $3,000 $4,000 $400 $500 S500 Cost of Goods Sold as % of sales 309 30% 30% 2096 20% Fixed part of Selling & Admon (S&A) expenses $2,000 $2,000 $1,500 $1,500 $1,000 S&A expenses as % of sales 2016 1096 1095 10% 1096 Depreciation $1,000 $1,000 $1,000 $1,000 $1,000 Specifically for year 2023, what is the Net Income for 2023? Do not enter/use dollar sign ($): use commas to separate thousands; and round up to zero decimals. If the result is a negative number, enter the minus sign ( - ) in front of the first digit. Do not enter it using parenthesis. If the number is positive, simply enter the number Your

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