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Parent, Inc. 2013 Pro Forma Income Statement Sales (800,000 x 110%) Cost of Goods Sold (485,000 x 109%) Operating Expenses [(219000-40,000) x Interest Expense
Parent, Inc. 2013 Pro Forma Income Statement Sales (800,000 x 110%) Cost of Goods Sold (485,000 x 109%) Operating Expenses [(219000-40,000) x Interest Expense Equity in Subsidiary income Income Before Taxes (102,490 x 40%) Income Tax Expense Net Income 2013 Projected w/o Acquisition 2013 Projected w/Acquisition $ 880,000.00 $ 880,000.00 $ (528,650.00) (528,650.00) $ (248,860.00) $ (250,860.00) $ $ (10,200.00) $ $ 15,085.00 $ 102,490.00 $ 105,375.00 $ (40,996.00) $ (42,150.00) $ 61,494.00 $ 63,225.00
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