Rimier Corp. forecasts sales of $$650,000$ for next year. Assume the firm has fixed costs of $$254,000$ and variable costs amounting to $34\%$ of sales. Operating expenses include fixed costs of $$25,000$ and a variable portion equal to $6\mathrm{.}8\%$ of sales. Interest expenses for the coming year are $$18,000.$ Estimate next year's net profits before taxes.

Compute the estimated net profits before taxes below: $($Round to the nearest dollar.$)$

Rimier Corp

Pro Forma Income Statement next year

Sales revenue

Gross profits

Less: Operating expenses

Fixed Expense

$

Variable expenses

Operating profits

Less: Interest expense $($all fixed$)$

Net profits before taxes