Your pro forma income statement shows sales of $$1,045,000,$ cost of goods sold as $$480,000,$ depreciation expense of

$$98,000,$ and taxes of $$186,800$ due to a tax rate of $40\%.$ What are your pro forma earnings? What is your pro forma

free cash flow?

Complete the pro forma income statement below: $($Round to the nearest dollar.$)$

Sales

Cost of Goods Sold

Gross Profit

Depreciation

EBIT

Taxes $(40\%)$

Earnings

$

$

$

$

$

$

$