The income statement of Laris Company fort he year ended December $31,2022$ is as follows:

Laris estimates that its sales in $2023$ will be $$5,000,000.$Interest expense is to remain

unchganged at $$105,000$ and the firm plans to pay cash dividends of $$150,000$ during

$$1,570,000$ of the Cost of Goods Sold is fixed expenses, and all Operating Expenses are

variable. By considering this information prepare proforma income statement of $2023$ and

calculate the amount that should be added to Retained Earnings in $2023.$