Pro-Forma Income Statement Silver Company has asked you to prepare a pro-forma income statement for the coming year. The following information is available:

Prepare a pro-forma contribution margin income statement for Silver Company.

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Expected sales revenue $1,240,000 Manufacturing costs: Variable cost of goods sold 625,000 Fixed overhead 125,000 Selling expenses: Variable expenses 140,000 Fixed expenses 45,000 Administrative expenses: Variable expenses 45,000 Fixed expenses 160,000 Other: Interest expense 28,000 35% Income tax rate