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Your pro forma income statement shows sales of $1,007,000, cost of goods sold as $522,000, depreciation expense of $96,000, and taxes of $155,600 due to

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Your pro forma income statement shows sales of $1,007,000, cost of goods sold as $522,000, depreciation expense of $96,000, and taxes of $155,600 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

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