year is shown here $.$

b$.$ Explain how this method could result in overstatement of profits for the pessimistic case and understatement of profits for the most likely and optimistic cases.

d$.$ Compare your findings in part $c.$ to your findings in part a$.$ Do your observations confirm your explanation in part b$?$

Pro Forma Income Statement

Allen Products, Inc.

Complete the pro forma income statement that is shown below $($most likely scenario$)$: $($Round the percentas

Complete the pro forma income statement that is shown below $($most likely scenario$)$:

Pro Forma Income Statement

Allen Products, Inc.

$($Click on the icon here $7$ in order to copy the contents of the data table below

into a spreadsheet.$)$

Allen Products, Inc. Income Statement for

the Year Just Ended

arest dollar.$)$