Which of the following is an example of the use of pro forma analysis? Select all that apply.

Howdy Distributing is expecting a record profit due to an expected growth in sales in 2020 of 17% due to the addition of new product lines that took place in 2019.

Distributor ABC and Distributor XYZ have agreed to a merger. The resulting savings in expenses of the combined company is expected to be $2 million.

"Tradition distributing is budgeting an operating expense for next year of $150,000,000; which is based on projected sales of $900,000,000."

"Aggieland Manufacturing experienced a supply disruption that caused significant delays in meeting customer expectations. Had this disruption not occurred, management believes Howdy would have recorded another $1.23 per share in profit."

Gross Margin Percentage for 12th Man Manufacturing was lower last year than years prior.