Essay
Income Statement
Huddleston Manufacturing Company
For the Year Ended December 31, 2010 
Huddleston Manufacturing estimates its sales in 2011 will be $3 million. Interest expense is expected to remain unchanged at $70,000, and the firm plans to pay cash dividends of $140,000 during 2011. Use the percent-of-sales method to prepare a pro forma income statement for the year ended December 31, 2011, based on the 2010 income statement shown above.
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