CH9Q5

Your pro forma income statement shows sales of $1,023,000, cost of goods sold as $494,000, depreciation expense of $100,000, and taxes of $171,600 due to a tax rate of 40%. What are your pro forma earnings? What is your pro forma free cash flow? Complete the pro forma income statement below: (Round to the nearest dollar.) Sales Cost of Goods Sold Gross Profit Depreciation EBIT Taxes (40%) Earnings