Use the fixed and variable method to prepare a pro forma income statement for the year ended December 31, 2021, for Google, Inc.

Google, Inc. estimates that its sales in 2021 will be 5000000 . The firm plans to pay cash dividends of 60000 during 2021. Google, Inc.'s income statement for the year ended December 31, 2020 is shown below:

Income statement Google, Inc. For the year ended December 31,2020
Sales Revenue	$5000000
Less: Cost of Goods sold fixed variable	$1000000 $2000000
Gross profits	$2000000
Less: Operating expenses fixed variable	150000 100000
Operating profits	$1750000
Less: Interest expense	100000
Profit before tax	$1650000
Less: Taxes (40%)	660000
Net profit after taxes	$990000
Less: Cash dividends	120000
To retained earnings	$870000

What is the company's cost of goods sold in the year 2021?

Answer for part 1

What is the company's gross profit in the year 2021?

Answer for part 2

What are the company's operating expenses in the year 2021?

Answer for part 3

What is the company's operating profit in the year 2021?Answer for part 4

What is the company's net income in the year 2021?

Answer for part 5