The S&H Construction Company expects to have total sales next year 14900000 totaling . In addition, the firm pays taxes at 35 percent and will owe in $31400 interest expense. Based on last year's operations the firm's management predicts that its cost of goods sold will be 61 percent of sales and operating expenses will total 30 percent. What is your estimate of the firm's net income (after taxes) for the coming year?

Question content area bottom Part 1 Complete the pro-forma income statement below:(Round to the nearest dollar.) Pro-Forma Income Statement

Sales

Cost of goods sold

Gross profit

Operating expenses

Net operating income

Interest expense

Earnings before taxes

Taxes

Net income