you are to prepare income statement for a proposed business venture. your desired income is 28,000 and you have the following published statistics

Income statement O All of these answers are correct Question 6 1 pts You are to prepare a projected income statement for a proposed business venture. Your desired income is $28,000 and you have the following published statistics: Costs of Goods Sold = 56.9 percent of net sales Operating Expenses = 37.1 percent of net sales Gross Profit Margin = 43.1 percent of net sales This information indicates the net sales on your pro forma "P & L" (income statement) would be $491,228