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Your pro forma income statement shows sales of $1,000,000, cost of goods sold as $492,000, depreciation expense of $105,000, and taxes of $161,200 due to

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Your pro forma income statement shows sales of $1,000,000, cost of goods sold as $492,000, depreciation expense of $105,000, and taxes of $161,200 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 TA Depreciation $ EBIT $ Taxes (40%) $ $ Earnings

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