our pro forma income statement shows sales of

$1,045,000,

cost of goods sold as

$498,000,

depreciation expense of

$95,000,

and taxes of

$180,800

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	$	1045000
Cost of Goods Sold	$	498000
Gross Profit	$	547000
Depreciation	$
EBIT	$
Taxes (40%)	$
Earnings	$