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The S&H construction Company expects to have a total sales next year totaling $14,900,000. In addition, the firm pays taxes at 35% and will owe

The S&H construction Company expects to have a total sales next year totaling $14,900,000. In addition, the firm pays taxes at 35% and will owe $298,000 in interest expense. Based on last year's operations the firm's management predicts that its cost of goods sold will be 64%of the sales and operating expenses will total 32%What is your estimate of the firm's net income (after taxes) for the coming year? Complete the pro-forma income statement below:(round to the nearest dollar.) Sales Cost of goods sold Gross profit Operating expenses Net operating income Interest expense Earnings before taxes Taxes Net income

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