Explain the parts of the business plan. Your response should be at least 250 words in length. APA Format 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: 30%.
•Fixed Costs: $125,000.
•Income taxes: 15%.
•Interest Expense: $200,000.
•In year 2, Price per unit increases to $11.50,
and unit of sales increases by 5%,
all other assumptions remain the same. .