Using the data in tab 3 of the Excel Sheet, please create a Pro-forma income statement using the

assumption that there will be a 12.75% growth year over year. Do not take into account


2020 2021 2019 Revenue $207,523.00 COGS $157,235.0 Depreciation $25,000.00 EBIT Interest Expense $6,000.00 Earnings Before Tax Taxes at 37.2% Net Income Dividends, 58.3% of revenue Reinvested Earnings $9,000.00 $12,000.00

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