You learnt below from the annual report of SA THREE Limited: SA THREE Limited Statement of Profit or Loss For the period from 1 September 2019 to 31 December 2019 Sales revenue Less: Cost of goods sold Gross profit $ 800,000 (600,000) 200,000 Promotion expenses Other operating expenses Dividends income from marketable securities (30,000) (104,000) 36,000 Income before tax Less: Income tax expense 102,000 (20,400) Net income 81,600 The company was newly incorporated with 100% equity financing and stated operation in early September 2019. Your team is instructed to forecast the fum's financial performance for the year ending 31 December 2020. Your colleague forms the preliminary expectations below for 2020 after conducting a quick study: Sale is assumed to achieve an annualized growth of 12%, following the actual growth rate of the top- performing fim in the industry, MODEL Limited, in 2019; Gross profit margin, the ratio between other operating expenses and sales, capital structure, as well as effective tax rate are expected to remain constant from 2019, and Dividends income in 2019, after being annualized into a 12-month period, is assumed as an approximation of the dividends income in 2020. In addition, you learnt that the fimm shall "imvest heavily in brand-building with a total spending equivalent to 15% of the sales in 2020 in promotion activities". (24 marks) Required: (a) Prepare the "Projected Statement of Profit or Loss for 2020. (6) Comment on the uncertainties involved in your answers in Pat (a) above. (12 marks) In Question 3. round your answers to the nearest integer in amount /dollar/percentage (if applicable). In your calculation process, you might take the precision level up to two decimal places at most (if applicable)