How do you calculate EBIT and pro forma free cash flow?

Your pro forma income statement shows sales of $975,000, cost of goods sold as $495,000, depreciation expense of $105,000, and taxes of $150,000 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 975,000 (495,000) 480,000 (105,000) 375,000 (150,000) 225,000 Taxes (40%) $ $ Earnings The pro forma free cash flow will be $ . (Round to the nearest dollar.)