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Can someone help me solve this problem? Your pro forma income statement shows sales of $1,000,000, cost of goods sold as $500,000, depreciation expense of

Can someone help me solve this problem?

Your pro forma income statement shows sales of $1,000,000, cost of goods sold as $500,000, depreciation expense of $100,000, and taxes of $100,000 due to a tax rate of 25%. What are your pro formaearnings? What is your pro forma free cashflow?

Complete the pro forma income statementbelow:(Round to the nearestdollar.)

Sales $
Cost of Goods Sold $
Gross Profit $
Depreciation $
EBIT $
Taxes (25%) $
Earnings $

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