ulatogra.cby/ultra/courses/ 59446_1/cly/outline hen the No results Options Remaining Time: 1 hour, 43 minutes, 29 seconds. Question Completion Status: QUESTION 29 (5 points) Income Statement Huddleston Manufacturing Company For the Year Ended December 31, 2012 Sales Less: Cost of goods sold Gross profits Less: Operating expensers Operating Profits Less: Interest expense Net profits before taxes Less: Taxes (40%) Net profits after taxes Less: Cash Dividends To: Retained earnings Huddleston Manufacturing estimates its sales in 2013 will be $3 million Interest expense is expected to remain unchanged at $70,000, and the firm plans to pay cash dividends of $1-40,000 during 2013. Use the percent-of-sales method to prepare a pro forma income statement for the year ended December 31, 2013, based $2,800,000 1820,000 980000 240,000 S 740,000 70,000 S 670,000 268.000 s 402,000 132000 s 270,000 on the 2012 income statement shown above TTTT Paragraph Arial 12pn //...- . IE. T-2..g 2