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Proforma Income Statement. Your pro forma income statement shows sales of $1,013,000, cost of goods sold as $513,000, depreciation expense of $103,000, and taxes of

Proforma Income Statement. Your pro forma income statement shows sales of $1,013,000, cost of goods sold as $513,000, depreciation expense of $103,000, and taxes of $158,800 due to a tax rate of 40%. What are your pro forma earnings? What is your pro forma free cash flow?
Use the following format in excel:
Sales
-Cost of Goods Sold
Gross Profit
-Depreciation
EBIT
-Taxes
Earnings

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