could you please answer? (For Income Staement, click on the icon herein order to copy the contents of the data table below into a spreadsheet.)(For Breakdown of Costs and Expenses, click on the icon here a in order to copy the contents of the data table below into a spreadsheet.)Metroline Manufacturing, Inc.Metroline ManufacturingMetroline ManufacturingBreakdown of Costs and Expensesinto Fixed and Variable ComponentsIncome Statementfor the Year Ended December 31, 2020for the Year Just Ended(percent-of-sales method)Sales revenue$1,394,000for the Year Just EndedLess: Cost of goods sold916,000Cost of goods soldSales$216,000Gross profitsLess: Operating expenses$478,000Fixed costLess: Cost of goods sold%124,000Variable cost700,000Gross profits$Total cost$916,000Operating profitsLess: Interest expense$354,00032,000Operating expensesFixed expensesLess: Operating expenses%Net profits before taxes$322,000$40,000Operating profitsLess: Taxes (rate = 40%)128,800Variable expenses84,000Less: Interest expenseNet profits after taxes$193,200Total expenses$124,000Less: Cash dividends64,000Net profits before taxes$To retained earnings$129,200Less: TaxesNet profits after taxesLess: Cash dividendsTo retained earnings%24%24 a. Use the percent-of-sales method to prepare a pro forma income statement for the year ended December 31, 2020.Complete the pro forma income statement for the year ended December 31, 2020 below: (Round the percentage of sales to four decimal places and the pro forma income statement amounts to the nearest dollar.)Pro Forma Income StatementMetroline Manufacturing, Inc.for the Year Ended December 31, 2020(percent-of-sales method)Sales$Less: Cost of goods sold%Gross profits$Less: Operating expenses%Operating profitsLess: Interest expenseNet profits before taxes$Less: Taxes

If we evaluate the financial analysis of the statement of comprehensive income then we have to use…

|(For Breakdown of Costs and Expenses, click on the icon here - in order to copy the contents of the data table below into a spreadsheet.) Metroline Manufacturing, Inc. Metroline Manufacturing Income Statement for the Year Just Ended Metroline Manufacturing Breakdown of Costs and Expenses into Fixed and Variable Components for the Year Just Ended for the Year Ended December 31, 2020 Sales revenue Less: Cost of goods sold $1,394,000 916,000 $478,000 (percent-of-sales method) Sales $ Cost of goods sold $216,000 700,000 $916,000 Fixed cost Gross profits Less: Operating expenses Operating profits Less: Cost of goods sold % Variable cost 124.000 Gross profits $ $354,000 Total cost Less: Interest expense 32,000 Operating expenses Fixed expenses Variable expenses Less: Operating expenses % $40,000 84,000 $124,000 Net profits before taxes $322,000 Operating profits $ 128,800 $193,200 64,000 $129,200 Less: Taxes (rate = 40%) Total expenses Net profits after taxes Less: Cash dividends Less: Interest expense Net profits before taxes 2$ To retained earnings Less: Taxes Net profits after taxes 2$ Less: Cash dividends