A​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​n important step in developing a projected (pro forma) income statement is to create a sales forecast and calculate anticipated revenue for the business. Imagine you​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​ are creating a business; develop a sales forecast and estimate revenue for the first year of operation and describe the process you used to arrive at your estimates​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​.

Sample Solution