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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 percentofsales method to prepare a pro forma income statement for the year ended December for Henn, Inc.
Henn, Inc. estimates that its sales in will be $ Interest expense is to remain unchanged at $ and the firm plans to pay cash dividends of $ during Henn, Inc.s income statement for the year ended December is shown below. From your preparation of the pro forma income statement, answer the following multiple choice questions.
tableSales Revenue,
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