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Your pro forma income statement shows sales of $1,038,000, cost of goods sold as $490,000, depreciation expense of $98,000, and taxes of $112,500 due to

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Your pro forma income statement shows sales of $1,038,000, cost of goods sold as $490,000, depreciation expense of $98,000, and taxes of $112,500 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.)

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