A proposed new investment has projected sales of $$750,000.$ Variable costs are $55$ percent of sales, and fixed costs are $$164,000$; depreciation is $$65,000.$ Prepare a pro forma income statement assuming a tax rate of $35$ percent. What is the projected net income?

A$.$

$$108,500$

B$.$

$$70,525$

C$.$

$$37,975$

D$.$

$$102,975$