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Question Completion Status: Clinics Income Statement for 2020 table, Use this data to answer the question shown below. NOTE: It is a good idea to write down your answers for the "$000" columns of the table and keep them handy because you will need those numbers to help fill in the answers for the % Sales Rev column 150,000 The available financial information for Tom Brown Legal Clinics for 2020 is provided below. The company's advertising agency is recommending that an additional $200,000 be spent in advertising additional ads ng to promote the need for wills. They believe that an additional 20,000 wills could be generated in 2020 by the Costs and Expenses Number of wills handled 50,000 Number of divorces handled Price charged per will $50.00 Price charged per divorce $100.00 Legal and processing cost per will $20.00 Legal and processing cost per divorce 560.00 Office rental $2,000,000 General administration $1,000,000 Advertising $1,500,000 1. Revise the current projected 2020 P & L statement for Tom Brown Legal Clinics based on adopting the advertising agency's proposal TOM BROWN LEGAL CLINICS INCOME STATEMENT FOR 2020 Current 2020 Estimate Revised 2020 Estimate (a) 5000 % Sales Rev 5000 % Sales Rev Sales Revenue 17.500 100.0 100.0 Fixed Costs 3,000 17.1 Variable Costs 10,000 57.2 Expenses 1.500 8.6 Net Profit 3,000 17.1 ?? QUESTION: What is the Revised 2020 estimate for the Net Profit in the %Sales Rev column? 17.1 O 162 18.4 Save All Answers Close Window Save and submit Click Save and Submit to me and subunit. Click Save All Answers to see all answers

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