DURA-CLEAR WINDOWS, LLC Proforma Income Statement 2020 2021 2022 2023 2024 2025 2026 2027 Sales (all on credit) 1,200,000 1,500,000 1,875,000 Cost of Goods Sold (800,000) (1,040,000) (1,105,000) Gross Profit 400,000 460,000 770,000 Selling and Administrative Expense (304,900) (350,500) (443,700) Operating profit (EBIT) 95,100 109,500 326,300 Interest expense (35,000) (45,000) (85,000) Net Income before Taxes 60,100 64,500 241,300 Taxes (36,900) (49,200) (55,600) Net Income 23,200 15,300 185,700 Shares 60,000 60,000 78,000 Earnings per Share $0.39 $0.26 $2.38