A proposed new investment has projected sales of $$635,000.$ Variable costs are $44$ percent of sales, and fixed costs are $$193,000$; depreciation is $$54,000.$ Prepare a pro forma income statement assuming a tax rate of $21$ percent. What is the projected net income?

$\backslash$table$[[$Projected sales,$$,635,000],[$Variable cost $(\%$ of sales$),,44\%$