Question content area top Part 1 Your pro forma income statement shows sales of $961,000, cost of goods sold as $519,000, depreciation expense of $103,000, and taxes of $135,600 due to a tax rate of 40%. What are your pro forma earnings? What is your pro forma free cash flow? Question content area bottom Part 1 Complete the pro forma income statement below:(Round to the nearest dollar.)

Sales $

Cost of Goods Sold $

Gross Profit $

Depreciation $

EBIT $

Taxes (40%) $

Earnings $