FIN – Construct a pro forma income statement

Construct a pro forma income statement for the first year and second year for the following assumptions:•Units of Sales in Year 1: 110,000 .•Price per Unit: $11 .•Variable cost per unit: 30% .•Fixed Costs: $125,000 .•Income taxes: 15% .•Interest Expense: $200,000 .•In year 2, Price per unit increases to $11.50, and unit of sales increases by 5%, all other assumptions remain the same. .