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Pro forma income statement. Given the income statement in the popup window, 3, for California Cement Company for 2013 and an expected sales growth rate

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Pro forma income statement. Given the income statement in the popup window, 3, for California Cement Company for 2013 and an expected sales growth rate of 7.29% for 2014, prepare a pro forma income statement for 2014. What is the sales forecast for 2014? $ 24566191 (Round to the nearest dollar.) The pro forma income statement for 2014 is: (Round to the nearest dollar.) California Cement Company Pro Forma Income Statement for 2014 Sales revenue $ 11644040 100.00 % $ 50.854 % Cost of goods sold Selling, general, and administrative expenses Depreciation expenses $ 17.832 % $ 5.704 % EBIT $ 25.610 % Interest expense $ 0.751 % Taxable income $ 24.859 % Taxes $ 10.894 % Net income $ 13.965 % California Cement Company Income Statement for 2013 Sales revenue $ 22,897,000 -11,644,000 Cost of goods sold Selling, general, and administrative expenses Depreciation expenses -4,083,000 $ -1,306,000 EBIT $ 5,864,000 Interest expense $ -172,000 Taxable income $ 5,692,000 Taxes $ -2,494,494 Net income $ 3,197,506

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