18 (5 complete) Problem 6-8 (similar to) Total sales of $148,000 Cost of goods sold equal to 74.5 percent of sales Total expenses equal to 14.5 percent of sales Tax rate of 35 percent Beginning equity of $46,400 Beginning inventory of $11.800 Age of ending Inventory of 59 days - Minimum cash balance of $9,600 Accounts receivable of 28 days Fixed assets of $61,700 Accounts payable of 37 days Assume Top-A1 has a dividend payout of 39 percent. When total sales are $148,000, and net earnings are $10,582, what would be the impact on Top-A1's pro-forma net eamings if sales were to change to $196,000? Complete the pro-forma income statement for Top-A1 below: (Round to the nearest dolar) Top-A1 Inc. Pro Forma Income Statement Sales S Cost of goods sold $ Gross profit $ Total operating expenses $ Earnings before tax (EBT) $ Taxes $