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XYZ company had sales of 500000 in the year 2019, and it's forecasted that the company's sales in 2020 will reach 800000. The company had

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XYZ company had sales of 500000 in the year 2019, and it's forecasted that the company's sales in 2020 will reach 800000. The company had the following expenses in 2019: 1) Cost of goods sold: 70000 2) Operating expenses : Depreciation expense : 14000 Selling expense: 20000 3) Interest expense: 9000 Note that all expenses are variable, and the company's tax rate is 25% Based on the percent of sales method, find the following: Cost of goods sold in 2020. Operating expenses in 2020. Net income before tax in 2020

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