Save Your pro forma income statement shows sales of $980,000, cost of goods sold as $514,000, depreciation expense of $104,000, and taxes of $144,800 due to a tax rate of 40%. What are your pro forma earnings? What is your pro forma free cash flow? Complete the pro forma income statement below: (Round to the nearest dollar.) Sales $ Cost of Goods Sold $ Gross Profit $ Depreciation $ EBIT $ Taxes (40%) Eamings $