Write a paper determining whether you think Tag-It can hit the target of a 10% increase in sales next year.

Utilizing the fictitious company Tag-It Corporation, prepare next year’s forecast with a pro forma income statement. Here is the current income statement for Tag-It:Click here to download the income statement.Tag-It’s CEO has predicted a 10% increase in total revenue next year. Utilizing the percentage of sales method, prepare a forecast for next year in the section provided on the Excel spreadsheet provided.1.The total revenue numbers over the past 4 years for Tag-It Corporation were as follows: Values in Millions:o72,618o73,785o69,495o71,8792.Determine whether you think Tag-It can hit the target of a 10% increase in sales next year.