Your pro forma income statement shows sales of $1,015.000. cost of goods sold as $516,000. depreciation expense of $104,000, and taxes of $158.000 due to a tax rate of 40%. What are your pro forma eamings? What is your pro forma free cash flow? Complete the proforma income statement below (Round to the nearest dollar.) Sales Cost of Goods Sold Gross Profit Depreciation $ EBIT Taxes (40%) Eamingo Help me solve this View an example Get more help Clear all Check answer Kokomoch is considering the launch of an advertising campaign for its latest dessert product, the Mini Mochi Munch. Kokomochi plans to spend $5.3 milion on TV, radio, and print advertising this year for the campaign. The ads are expected to boost sales of the Mini Mochi Munch by $9.6 million this year and $7.6 milion next year. In addition, the company expects that new consumers who try the Mini Mochi Munch will be more likely to try Kokomoch's other products. As a result, sales of other products are expected to rise by $2.4 milion each year, Kokomochi's gross profit margin for the Mini Mochi Munch is 34%, and its gross profit margin averages 20% for all other products. The company's marginal corporate tax rate is 35% both this year and next year. What are the incremental earnings associated with the advertising campaign? Complete the table below (Round to the nearest dollar.) Year 1 9600000 2400000 Incremental Earnings Forecast Sales of Mini Mochi Munch Other Sales Cost of Goods Sold Gross Profit Seling, General, and Admin Expenses Depreciation EBIT Income tax at 35% $ $ $ $ $ Unlevered Net Income