Najma Designs, Inc., expects sales during 2019 to rise from the 2018 level of $3.5 million to $3.9 million. Because of a scheduled large loan payment, the interest expense in 2019 is expected to drop to $325,000. The firm plans to increase its cash dividend payments during 2019 to $320,000. The company's year-end 2018 income statement follows. Use the percent-of-sales method to prepare a 2019 pro forma income statement for Najma Designs, Inc. Pro Forma Income statement for the year ended December 31, 2019 Najma Designs, Inc. Income Statement for the Year Ended December 31, 2018 Sales revenue $3,500,000 Less: Cost of goods sold $1,925,000 Gross profits $1,575,000 Less: Operating expenses $420,000 Operating profits $1,155,000 Less: Interest expense $400,000 Net profits before taxes $755,000 Less: Taxes (rate 40%) $302,000 Net profits after taxes $453,000 Less: Cash dividends $250,000 To retained earnings $203,000