A proposed new Investment has projected sales of $578,000. Variable costs are 38 percent of sales, and fixed costs are $133.500; depreciation is $52.250. Prepare a pro forma Income statement assuming a tax rate of 24 percent. What is the projected net Income? (Input all amounts as positive values. Do not round intermediate calculations.) $ Sales Variable costs Fixed costs Depreciation Taxes Net income 578,000 219,840 133,500 52,250