Construct a pro forma income statement for the first year and second year

Construct a pro forma income statement for the first year and second year for

the following assumptions:

•Units of Sales in Year 1: 110,000.

•Price per Unit: $11.

•Variable cost per unit: 25%.

•Fixed Costs: $129,000.

•Income taxes: 20%.

•Interest Expense: $170,000.

•In year 2, Price per unit increases to $13.50, and unit of sales increases by 4%, all other assumptions remain the same..