(Using common-size financial statements) The S&H Construction Company expects to have total sales bort your loting $15 400.000 In addition the firm pays taxes at 35 percent and will owe $312.000 in interest expense Based on last year's operations the firm's management predicts that its cost of goods sold will be 58 percent of sales and operating expenses will total 26 percent What is your estimate of the firm's net income (after faxes) for the coming year? Complete the proforma income statement Below (Round to the nearest dollar) Pro-Forma Income Statement Sales 5 Cost of goods sold Gross profit S Operating expenses Not operating income $ Interest expense $ Earnings before taxes Taxes Net income