Salco Income Statement for $2023$

Sales RM$4,500,000$

COGS $($RM$3,500,000)$

Gross profit RM$1,000,000$

Operating expenses $($RM$500,000)$

EBITDA RM$500,000$

Depreciation & Amortization $($RM$100,000)$

EBIT RM$400,000$

Interest expenses $($RM$80,000)$

EBT RM$320,000$

Tax $($RM$96,000)$

Net Income RM$224,000$

Dividend $($RM$105,000)$

Retained earnings RM$119,000$

Required:

Prepare proforma Income Statement for $2024.$