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Use the percent - of - sales method to prepare a pro forma income statement for the year ended December 3 1 , 2 0

Use the percent-of-sales method to prepare a pro forma income statement for the year ended December 31,2022, for Henn, Inc.
Henn, Inc. estimates that its sales in 2022 will be $5,000,000. Interest expense is to remain unchanged at $105,000 and the firm plans to pay cash dividends of $150,000 during 2022. Henn, Inc.'s income statement for the year ended December 31,2021 is shown below. From your preparation of the pro forma income statement, answer the following multiple choice questions.
\table[[,2021,2022],[Sales Revenue,4,200,000,??
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