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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,
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 $
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