Your pro forma income statement shows sales of

$1,035,000,

cost of goods sold as

$515,000,

depreciation expense of

$102,000,

and taxes of

$104,500

due to a tax rate of

25%.

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 (25%)	$
Earnings	$

The pro forma free cash flow will be

$enter your response here.

(Round to the nearest dollar.)