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

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Use the fixed and variable method to prepare a pro forma income statement for the year ended December 31, 2021, for Tesla, Inc. Tesla, Inc. estimates that its sales in 2021 will be 300000. The firm plans to pay cash dividends of 6000 during 2021. Tesla, Inc.'s income statement for the year ended December 31, 2020 is shown below: Income statement Tesla, Inc. For the year ended December 31, 2020 Sales Revenue $200000 Less: Cost of Goods $50000 sold fixed $50000 variable Gross profits Less: Operating expenses fixed $100000 5000 5000 variable Operating profits $90000 Less: Interest expense 10000 Profit before tax $80000 Less: Taxes (40%) 32000 Net profit after taxes $48000 Less: Cash dividends 8000 To retained earnings $40000 Use the fixed and variable method to prepare a pro forma income statement for the year ended December 31, 2021, for Tesla, Inc. Tesla, Inc. estimates that its sales in 2021 will be 300000. The firm plans to pay cash dividends of 6000 during 2021. Tesla, Inc.'s income statement for the year ended December 31, 2020 is shown below: Income statement Tesla, Inc. For the year ended December 31,2020 Sales Revenue $200000 Less: Cost of Goods $50000 sold fixed $50000 variable Gross profits Less: Operating expenses fixed $100000 5000 5000 variable Operating profits $90000 Less: Interest expense 10000 Profit before tax $80000 Less: Taxes (40%) 32000 Net profit after taxes $48000 Less: Cash dividends 8000 To retained earnings $40000 What is the company's cost of goods sold in the year 2021? What is the company's gross profit in the year 2021? What are the company's operating expenses in the year 2021? What is the company's operating profit in the year 2021? What is the company's net income in the year 2021? How much goes to the company's retained earnings

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