A proposed new investment has projected sales of $564,000. Variable costs are 37 percent of sales, and fixed costs are $132,000; depreciation is $51,500. Prepare a pro forma income statement assuming a tax rate of 21 percent. What is the projected net income? (Input all amounts as positive values. Do not round intermediate calculations.)

Sales: ?

Variable Costs: ?

Fixed Costs: ?

Depreciation: ?

EBT: ? Taxes: ?

Net Income: ?