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Palladium Ltd. purchased new machinery worth $960,000. The machine will allow the company to increase production by 54,000 units per year at $35 per unit. Variable costs per unit are $9 and the fixed costs per year are $100,000. The machinery is valued to be worth $59,000 after 7 years. Depreciation using the straight-line method. The required rate of return on the project using this machinery is 10% and a marginal tax rate of 24% is applicable to the company.

(a) Develop the Pro-Forma Statement of Comprehensive Income for the next year.