IntegrativePro forma statementsRed Queen Restaurants wishes to prepare financial plans. Use the financial statements and the other information provided here to prepare the financial plans. The following financial data are also available.

Red Queen Restaurants Income Statement for the Year Ended December 31, 2015 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses Net profits before taxes Less: Taxes (rate= 40%) Net profits after taxes Less: Cash dividends To retained earnings $801,000 600,400 S200,600 99,200 S101,400 40,560 $60,840 20,100 $40,740