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Pro forma income statement. Given the income statement in the popup window. for California Cement Company for 2013 and an expected sales growth rate of 7.12% for 2014, prepare a pro forma income statement for 2014 First, find the percentage of each income statement line from 2013 as a percent of sales (Round to three decimal places) California Cement Company Income Statement for 2013 Sales revenue $ 22,836,000 $ % -11,669.000 -3,947.000 $ % Cost of goods sold Seling, general, and administrative expenses Depreciation expenses EBIT $ - 1,322,000 % $ 5,898,000 % Interest expense $ -171.000 % Taxable income $ 5,727,000 % $ 2,509,833 % Taxes Net income $ 3.217.167 % What is the sales forecast for 2014? 2 (Round to the nearest dollar) The pro forma income statement for 2014 is (Round to the nearest dollar) Pro forma income statement. Given the income statement in the popup window for California Cement Company for 2013 and an expected sales growth rate of 7.12% for 2014, prepare a pro forma income statement for 2014 SER % Net income $ 3,217.167 What is the sales forecast for 2014? s(Round to the nearest dollar) The proforma income statement for 2014 is (Round to the nearest dollar) 100.00% 51.099 % California Cement Company Pro Forma income Statement for 2014 Sales revenue $ Cost of goods sold $ Selling, general, and administrative expenses $ Depreciation expenses $ EBIT $ Interest expense $ 17 284 % 5.7899 25 82838 0.7499 Taxable income $ 25.079% 10 991 36 Taxes $ Net Income $ 14.088 % Data table California Cement Company Income Statement for 2013 Sales revenue $ 22,836,000 $ Cost of goods sold Selling, general, and administrative expenses Depreciation expenses -11,6699000 -3,947,000 $ -1,322,000 A 9 EBIT $ 5,898,000 Interest expense $ -171,000 Taxable income $ $ 5,727,000 Taxes A -2,509,833 Net income $ 3,217,167