The project requires an investment in equipment and it cost $300,000. The equipment has a useful life of 5 years, the same of the life of the project. The equipment is estimated to have no salvage value at the end of its useful life. Depreciation is calculated on a straight-line basis and the required return on the project is 11%. The company is subject to a tax rate of 35%. The company expects to make an investment in working capital at the beginning of the project in the amount of $10,000. The company expects to sell 5,000 units in each of the 5 years from the project. the selling price per unit will be $75. Anticipated variable cost per unit is $45. The fixed cost per year will be $40,000. With the information above, complete the proforma income statement.