A proposed new investment has projected sales of $790,000. Variable costs are 60 percent of sales, and fixed costs are $168,000; depreciation is $69,000. Prepare a pro forma income statement assuming a tax rate of 30 percent. What is the projected net income? (Input all amounts as positive values.)

Sales	$
Variable costs
Fixed costs
Depreciation
EBT	$
Taxes
Net income	$