Construct a pro forma income statement for the first year and second year for the following assumptions: Units of Sales in Year 1: 100,000Price per Unit: $10 Variable cost per unit: 30% Fixed Costs: $120,000 Income taxes: 15% Interest Expense: $200,000In year 2, Price per unit increases to $11.50, and unit of salesincreases by 3%, all other assumptions remain the same.
